Southeast Asia Dietary Supplements Market Outlook
According to the report by Expert Market Research (EMR), The Southeast Asia Dietary Supplements Market Size, Trends, Analysis, Report and Forecast 2024-2032″, the Southeast Asia dietary supplements market is projected to grow at a CAGR of 7.80% between 2024 and 2032. Aided by the consumer preference for wellness-focused products and the rising need for nutritional supplementation among the older population, the market is expected to grow significantly by 2032.
Dietary supplements comprise a wide variety of products intended to supplement the diet and provide nutrients, including vitamins, minerals, fibre, fatty acids, or amino acids. They come in various forms, such as tablets, capsules, powders, and liquids, and they play an essential role in maintaining overall health, boosting immunity, and preventing diseases. Apart from their health benefits, dietary supplements are increasingly viewed as a vital part of balanced nutrition, contributing to their widespread use.
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The growing consumer interest in health and wellness is a significant driver of the Southeast Asia dietary supplements market growth. With the increasing awareness of the health benefits associated with regular consumption of dietary supplements, there has been a substantial shift towards a more health-conscious lifestyle. This trend has resulted in a surge in demand for dietary supplements across the region. The increasing ageing population and rising health concerns amongst millennials and the younger generation are further fuelling this trend.
The broadening applications of dietary supplements across different demographics are also contributing to the Southeast Asia dietary supplements market expansion. For example, in the sports and fitness industry, dietary supplements are used to enhance performance, recovery, and muscle growth. For older adults, certain dietary supplements can support bone health, boost immunity, and improve overall wellness. The increasing consumer awareness about these benefits is propelling the market growth.
Additionally, the expanding distribution channels, including e-commerce, are providing an impetus to Southeast Asia dietary supplements market development. The ease of online shopping, coupled with a wider range of product availability, has led to an increase in online sales of dietary supplements. As internet penetration continues to increase in Southeast Asia, the online dietary supplements market is expected to grow rapidly.
Moreover, the rising prevalence of lifestyle diseases and increasing healthcare costs have led to a heightened focus on preventative healthcare, thereby augmenting the Southeast Asia dietary supplements market demand. The growing middle-class population and improving disposable incomes in the region also support market expansion.
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Southeast Asia Dietary Supplements Market Segmentation
The market can be divided based on type, form, and country.
Market Breakup by Type
- Fatty Acids
Market Breakup by Form
- Tablets and Capsules
Market Breakup by Country
Southeast Asia Dietary Supplements Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Southeast Asia dietary supplements companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Abbott Nutrition
- Nestlé S.A.
- Glanbia plc
- PT. Indopasifik Teknologi Medika Indonesia
- PT Kalbe Farma Tbk
- GlaxoSmithKline plc.
- Nu Skin Enterprises Inc.
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