The Indonesia
Nutraceuticals Market is anticipated to witness impressive growth during the
forecast period. This can be ascribed to the growing awareness among Indonesian
consumers about the importance of health and wellness. People are becoming more
conscious of their dietary choices and are seeking products that can support
their overall well-being. Digital platforms and social media have played a
significant role in disseminating health information and promoting awareness
about nutraceutical products. Influencers and online communities share information
about the benefits of nutraceuticals, driving consumer interest and adoption.
Indonesia has experienced
steady economic growth, resulting in an expansion of the middle class and an
increase in disposable income levels. With higher purchasing power, consumers
are willing to spend more on products that offer health benefits and enhance
their quality of life. Indonesia has a large and rapidly aging population. With
increasing life expectancy, there is a greater focus on healthy aging and
maintaining vitality in the later years. Nutraceutical products that target
age-related health concerns, such as joint health, cognitive function, and bone
health, are sought after by the elderly population.
Indonesia has a rich
tradition of traditional herbal medicine known as "jamu." This
heritage has created a demand for nutraceutical products that incorporate
traditional ingredients and formulations. Nutraceutical companies that leverage
traditional knowledge and offer products rooted in Indonesian traditional medicine
can tap into this market segment.
The value of the Indonesia
Nutraceuticals Market in 2022 was USD 2.29 billion, and the market will
probably expand at a CAGR of 7.5% from 2022 to 2028. This can provide
opportunities for nutraceutical companies to develop innovative products,
expand their product offerings, and cater to the evolving needs and preferences
of Indonesian consumers.
Increasing
Demand for Beauty and Anti-Aging Nutraceuticals
Beauty and anti-aging
nutraceuticals refer to products designed to promote skin health, enhance
appearance, and combat the signs of aging from within the body. These
nutraceuticals typically contain specific nutrients, antioxidants, and
bioactive compounds that support skin health, collagen production, and overall
vitality. Collagen is a protein that provides structure and elasticity to the
skin. Collagen supplements, often derived from animal or marine sources, are
popular in beauty and anti-aging nutraceuticals. They aim to improve skin
elasticity, reduce wrinkles, and promote a youthful complexion. Antioxidants,
such as vitamins C and E, carotenoids, and polyphenols, are known for their
ability to neutralize harmful free radicals in the body. Beauty and anti-aging
nutraceuticals often include these antioxidants to protect the skin from
oxidative stress, which can contribute to premature aging. Hyaluronic acid is a
naturally occurring substance in the body that helps maintain moisture and
plumpness in the skin. Nutraceuticals with hyaluronic acid aim to hydrate the
skin, reduce fine lines, and improve skin texture. Omega-3 fatty acids,
commonly found in fish oil or algae oil supplements, have anti-inflammatory
properties and support overall skin health. They can help maintain a youthful
appearance and improve skin hydration. Nutraceuticals for beauty and anti-aging
often include essential vitamins and minerals like vitamin A, vitamin C,
vitamin E, zinc, and selenium. These nutrients are important for collagen
synthesis, skin cell regeneration, and protection against environmental damage.
Some nutraceuticals incorporate herbal extracts known for their skin benefits.
Examples include green tea extract, grape seed extract, and aloe vera extract,
which have antioxidant and anti-inflammatory properties that support skin
health. The beauty and anti-aging market in Indonesia was valued at USD 1.2
billion in 2022, and the largest users of these nutraceuticals in Indonesia are
women, who account for 70% of the market. This factor will contribute to
the growth of the Indonesia Nutraceuticals Market.
Inclination of
Nutraceuticals Towards Herbal and Traditional Ingredients
Herbal and traditional
ingredients play a significant role in the nutraceuticals market in Indonesia.
Indonesian culture has a long history of utilizing herbal remedies for various
health purposes, and these ingredients continue to be incorporated into
nutraceutical products. Indonesian traditional medicine, known as
"jamu," encompasses a wide range of herbal remedies and practices.
Traditional knowledge regarding the use of herbs, spices, roots, and other
plant-based ingredients has been passed down through generations and is still
widely valued in Indonesia.
Indonesia is rich in
biodiversity, offering a wide variety of indigenous plants and botanicals with
potential health benefits. Examples include turmeric, ginger, temulawak
(Javanese ginger), kencur (lesser galangal), daun katuk (sauropus androgynus
leaves), and many more.
Nutraceutical products in Indonesia
often incorporate traditional herbal formulations. These formulations combine
multiple herbal ingredients in specific ratios to address specific health
concerns or promote overall well-being. Traditional herbal preparations may be
available as powders, capsules, teas, extracts, or tonics.
Herbal and traditional
ingredients are valued for their wellness and functional benefits. They are
believed to possess antioxidant, anti-inflammatory, immune-boosting, and
detoxifying properties. Different herbs and traditional ingredients are
associated with specific health benefits, such as improving digestion, boosting
energy, enhancing immunity, or promoting skin health.
Many traditional ingredients
contain a complex mix of active compounds, including phytochemicals,
flavonoids, alkaloids, and essential oils. These compounds often work
synergistically to provide health benefits and are believed to have a holistic
approach to wellness.
In recent years, there has
been a growing trend of integrating traditional herbal ingredients with modern
nutraceutical formulations. Manufacturers combine traditional knowledge with
scientific research to create products that offer standardized dosages, quality
control, and convenience while preserving the traditional wisdom.
The market value of
herbal and traditional ingredients in nutraceuticals in Indonesia was USD 1.5
billion in 2022, and offline mode is their largest distribution channel,
accounting for 80% of the market.
Indonesian consumers have a
cultural affinity for herbal and traditional ingredients, as they are deeply
ingrained in local traditions and beliefs. Many consumers trust the efficacy of
these ingredients and prefer products that draw upon traditional knowledge.
This will accelerate the speed of the Indonesia Nutraceuticals Market.
Rise in the Demand for
Sports Nutrition
Sports nutrition is a
growing segment within the nutraceuticals market in Indonesia, driven by
increasing interest in fitness, sports activities, and overall health and
performance enhancement. Sports nutrition products in Indonesia aim to support
athletic performance, improve endurance, enhance recovery, and optimize energy
levels. These products are designed to meet the specific nutritional needs of
athletes and active individuals. Protein is a key component of sports
nutrition. Protein supplements, such as whey protein, plant-based protein, and
amino acid blends, are popular in Indonesia. They help in muscle repair and
recovery, and promote muscle growth. Sports nutrition products often include
energy-boosting ingredients such as carbohydrates, caffeine, B vitamins, and
adaptogens. These ingredients provide quick and sustained energy, improving
stamina and focus during physical activity. Replenishing electrolytes lost
through sweat is crucial for athletes. Sports nutrition products often contain
electrolyte blends that help maintain proper hydration, balance electrolyte
levels, and prevent muscle cramps during intense workouts or sports activities.
Pre-workout supplements are designed to enhance energy, focus, and performance
prior to exercise. They may contain ingredients like caffeine, creatine,
beta-alanine, and nitric oxide boosters. Post-workout products focus on muscle
recovery and may contain protein, branched-chain amino acids (BCAAs), and other
ingredients that promote muscle repair and reduce muscle soreness.
Endurance-focused sports nutrition products are geared towards activities like
long-distance running, cycling, or endurance training. They may include
ingredients like carbohydrates, electrolytes, and BCAAs to sustain energy
levels and support recovery. Recovery supplements aid in muscle repair and
reduce inflammation after intense exercise. In 2022, the market value of
sports nutrition in Indonesia was valued at USD 1 billion, with protein powder
responsible for 60% of the market. The largest end user of sports nutrition in
Indonesia is men, accounting for 70% of the market. Some sports nutrition
products are tailored to the specific needs of athletes in different sports
disciplines, such as bodybuilding, endurance sports, team sports, or martial
arts. These products may include specialized formulations that target the
unique demands of each sport. This factor will help increment the Indonesia
Nutraceuticals Market.
Recent Developments
- In 2021, PT Sido Muncul, the largest
herbal remedy and customer wellness company in Indonesia, welcomed Affinity
Equity Partners ("Affinity"), a leading private equity investor in
Asia, as an investor in the Company, formalizing Affinity's strategic
partnership with PT Inn Candi Baru.
- In 2022, PT Kalbe Farma Tbk or Kalbe,
through its subsidiary KALGen Innolab, introduced Nutrigenme Life, the latest
genetic assessment that can analyze DNA variations associated with an
individual's lifestyle habits.
- In 2023, PT Sido Muncul has introduced
new ready-to-drink (RTD) 300 ml bottles containing Vitamin C100 + D3 + Zinc.
Market
Segmentation
The Indonesia Nutraceuticals
Market can be segmented by Application, Form, Source, Distribution Channel, Region,
and Competitive Landscape. By Application, the Indonesia Nutraceuticals Market
can be segmented into Functional Beverages, Functional Food and Dietary
Supplements. By Form, the market can be segmented into Liquid, Tablets,
Capsules, Powder, and Others. By Source, the market can be segmented into
Plant, Animal, and Microbial. By Distribution Channel, the Indonesia
Nutraceuticals Market can be segmented into Specialty Stores, Online,
Hypermarkets/Supermarkets, and Pharmacies. By Region, the market can be
segmented into Java, Sumatra, Kalimantan, Bali, and Others.
Market Players
PT Industri Jamu Dan Farmasi
Sido Muncul Tbk., PT Kalbe Farma Tbk, PT Tempo Scan Pacific Tbk, PT. Mayora
Indah Tbk, PT Indofood Sukses Makmur Tbk, Pt Nature Sunshine Products Indonesia
Tbk, PT. Amway Indonesia, PT Herbalife Indonesia are some of the market players
in Indonesia Nutraceuticals Market.
Download Free Sample Report
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Attribute
|
Details
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Base Year
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2022
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Historic
Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report Coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments Covered
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Application
Form
Source
Distribution
Channel
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Regional
scope
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Java, Sumantra,
Kalimantan, Bali, Others
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Key
companies profiled
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PT Industri Jamu Dan
Farmasi Sido Muncul Tbk., PT Kalbe Farma Tbk, PT Tempo Scan Pacific Tbk, PT.
Mayora Indah Tbk, PT Indofood Sukses Makmur Tbk, Pt Nature Sunshine Products
Indonesia Tbk, PT. Amway Indonesia, PT Herbalife Indonesia
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|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and
purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, the Indonesia
Nutraceuticals Market has been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
- Indonesia
Nutraceuticals Market, By Application:
o
Functional
Beverages
o
Functional
Food and Dietary Supplement
- Indonesia
Nutraceuticals Market, By Form:
o
Liquid
o
Tablets
o
Capsules
o
Powder
o
Others
- Indonesia
Nutraceuticals Market, By Source:
o
Plant
o
Animal
o
Microbial
Indonesia
Nutraceuticals Market, By Distribution Channel
o
Specialty
Stores
o
Online
o
Hypermarkets/Supermarkets
o
Pharmacies
- Indonesia
Nutraceuticals Market, By Region:
o
Java
o
Sumatra
o
Kalimantan
o
Bali
o
Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Indonesia Nutraceuticals Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
Indonesia
Nutraceuticals Market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]