- Disposable income of Indonesians has registered 5 year CAGR of 4.1% during 2013-2018. This is expected to raise the health consciousness and hence boost the demand for nutraceuticals in Indonesia
- Increasing consumer shift towards healthy drinks is expected to augment the sales of functional beverages
GURUGRAM, India, April 17, 2019 /PRNewswire/ -- Growing demand for Herbal Dietary Supplements: One of the key factors that would shape the nutraceuticals market within Indonesia is the consumers' trend towards natural and organic ingredients based dietary supplements. There is a shift in the preference of consumers towards herbal supplements despite of their premium price since they have no or less side effects as compared to the standard dietary supplements.
Rise in Aging Population: There is an increase in the aging of the population of Indonesia with those above 45 years or above reported at 12.5 million in 2013 which witnessed an increase to 14.5 million in the year 2018. There is large aged population group in Indonesia who have high rate of disease conditions related to dietary and working habits. Cardio vascular diseases, Obesity, and Hypertension are among the most common disease. The aged population raises a huge demand for Vitamins and Dietary Supplements and therefore driving demand for nutraceuticals in Indonesia.
Internet Retailing Emerges as New Channel for Distribution: There is increasing number of households with both working parents leading a fast paced life style which will motivate families to shop online instead of via store-based retailers. Internet retailing has started to gain popularity among Indonesians for purchasing Functional foods. This paves way for the growth of nutraceuticals market in Indonesia by making the accessibility of nutraceuticals for Indonesians. Online pharmacies are also acting as major driver in the market by offering Vitamins and dietary supplements at discount.
The report titled provides a comprehensive analysis of the nutraceuticals market in Philippines. The report covers the overall market size in terms of revenue, segmentations on the basis of product category and channels of distribution for vitamins & dietary supplements, functional beverages and functional foods, trends and developments, issues and challenges, regulatory landscape in Philippines, entry barriers and pre-requisites to enter the market, competitive scenario and company profiles. The report concludes with market projection for future market described above and analyst recommendations highlighting the major opportunities and cautions for the nutraceuticals market.
Ken Research announced its latest publication suggested a rapid growth in India Herbal Extracts Market, majorly driven by the growing preference of people for natural and herbal products over the already existing chemical-based products. The stakeholders of this report include herbal extracts, oleoresins and essential oil manufacturers and distributing agents, pharmaceutical & nutraceutical, cosmetics, and food and beverages companies, companies involved in research, farmers in India and the new entrants and venture capitalists who wish to invest in herbal extracts market in future.
The report provides a comprehensive analysis of nutraceuticals market in Asia-Pacific region. The report focuses on overall market size for Asia Pacific nutraceuticals market, market segmentation on the basis of Dietary Supplements, Functional Foods and Functional Beverages, sub-segmentations on the basis of Dietary Supplements by Type of Supplements, Functional Foods and Beverages by Food Category and market segmentation by countries. The report also covers competitive landscape and market share of major players in nutraceuticals market, countries' import and export scenario, major government regulations and future projections for nutraceuticals market in each country. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.
Contact Us: Ankur Gupta, Head Marketing Ken Research Private Limited Ankur@kenresearch.com +91-9015378249