Malaysia Dietary Supplements Market to be Dominated by Rising Awareness Regarding Weight Management and Muscle Growth through 2028
Increasing
awareness about health benefits of dietary supplements and changing lifestyle
are expected to drive the Malaysia dietary supplements market during the forecast period
2024-2028.
According to TechSci Research report, “Malaysia Dietary Supplements Market – By Region,
Forecast and Opportunities, 2018-2028”, the Malaysia dietary
supplements market is anticipated to grow at a significant rate during the
forecast period, 2024-2028. The rising awareness of dietary supplements
which have a positive impact on health and well-being, where the food is
recognized not only as nutritional but also for its potential to promote
healthy lifestyles and prevent diseases, represents a shift toward proactive
approaches. With increasing research, personalized nutrition approaches, and
consumer demand for functional foods, dietary supplements are gaining momentum
as a viable option for optimizing health through food-based interventions,
thereby augmenting the growth of the Malaysia dietary supplements market. The
increasing government initiatives for sustainable development, collaborations,
and partnerships between key industry players and others, are likely to fuel
the growth of the market during the forecast period.
However, the high cost of most of the dietary
supplements and low awareness about the health benefits of dietary supplements
in developing and underdeveloped regions, and limited coverage of dietary
supplements industries may hamper the growth of the market during the
forecast period.
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The Malaysia dietary supplements market is segmented
into product type, form, distribution channel, application, end user, and
company.
Based on product type, the market is
divided into vitamin, combination dietary supplement, herbal
supplement, fish oil & omega fatty acid, protein, and other. The vitamin segment
is expected to witness growth during the forecast period. It is because of the
vitamin's characteristic features that it is often deficient in diet and
therefore receives quantities which are below maximum consumption limits, or
risk free to consume.
Based on form, the market is divided
into tablets, capsules, powder, liquids, and soft gels. The capsule segment
is anticipated to grow at a faster rate during the forecast period. This is
attributed to their higher bioavailability which results in more medication
entering the bloodstream.
Based on distribution channel, the market is
divided into pharmacies & drug stores, supermarkets & hypermarkets,
online, and others. The pharmacies segment is anticipated to grow at a faster
rate during the forecast period due to the adoption of most economical
distribution channels, top quality services, and a wide choice of healthcare
products.
Based on application, the market is divided
into energy & weight management, general health, bone & joint
health, immunity, and others. The general health segment is
expected to witness growth during the forecast period. This is attributed to
its consumption of general health supplements by people of all age groups.
Based on end user, the market is
divided into infants, children, adults, pregnant females, and
geriatric. The adults segment is expected to witness growth
during the forecast period due to the increasing awareness regarding health and
changing lifestyle.
Major companies operating in the Malaysia dietary
supplements market are:
- CCM Pharmaceuticals (S) Pte Ltd
- Amway nutrilite
- Champs
- Nature's Way
- Flavettes
- Blackmores
- 21st Century
- Hovid Berhad
- Suntory
- W.H. Pharmaceutical
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“Malaysia is expected to witness significant
growth in the coming years, due to the presence of good infrastructure and
support from the government. The demand for dietary supplements in Malaysia is
also driven by changing consumer preferences and lifestyles. Many Malaysians
are adopting health-conscious behaviors, such as engaging in regular exercise,
following balanced diets, and avoiding unhealthy habits such as smoking and
excessive alcohol consumption, which is expected to drive the growth of the
market through 2028” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
Malaysia Dietary Supplements Market, By Product Type (Vitamin, Combination Dietary Supplement, Herbal
Supplement, Fish Oil & Omega Fatty Acid, Protein, Other), By Form (Tablets, Capsules,
Powder, Liquids, Soft Gels/Gel Cap), By Distribution
Channel (Pharmacies & Drug Stores,
Supermarkets & Hypermarkets, Online, Others), By Application (Energy &
Weight Management, General Health, Bone & Joint Health, Immunity, Others),
By End User (Infants,
Children, Adults, Pregnant Females, Geriatric), By Region,
Competition, Forecast & Opportunities, 2018-2028F. has
evaluated the future growth potential of the Malaysia dietary supplements
market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Malaysia dietary
supplements market.
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