Overview of the health supplement market in Malaysia
According to Malaysian food industry analysis, Technavio’s research analyst predicts the health supplement market in Malaysia to grow at a CAGR of 7% during the forecast period. The rise in the aging population in Malaysia is the key driver for the market growth of this region. Products that prevent age-related disorders, such as those linked to the digestive system, and ones that help maintain blood sugar levels, are in high demand among this age group, leading to the overall growth of the health supplement industry in Malaysia.
The growing demand for probiotic products is also expected to contribute to the market growth in Malaysia. These products are primarily used as a substitute for growth promoters and antibiotics across the globe leading to the growing demand for vitamins and dietary supplements in Malaysia. For instance, companies such as Yakult Honsha and Chr. Hansen, have developed patented strains of microorganisms (probiotics) claiming to have particular health advantages.
Segmentation by product and analysis of the health supplement market in Malaysia
- Vitamins and dietary supplements
- Weight management products
- Herbal and traditional products
The vitamins and dietary supplements segment led the market with a market share of around 49% during 2014 and is expected to lead the market until the end of 2019. The rise in the aging population and the awareness of the benefits from these food supplements are the key drivers for the growth of this segment in Malaysia.
Competitive landscape and key vendors
The health supplement market in Malaysia is diversified by the presence of international and regional vendors, competing on the basis of quality and pricing, and market reach and financial resources. The report predicts the competitive environment to intensify further during the forecast period due to product/service extensions, product innovations, and mergers. International players are anticipated to grow inorganically by acquiring regional or local players.
The health supplement manufacturers in Malaysia are -
- Amway
- CCM
- Cosway
- Herbalceutical
- Herbalife
Other prominent vendors in the market include Astana Biocare, Bioalpha, Dynapham Herbal, Era Herbal, QD Herbs, and White Heron Pharmaceuticals.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the health supplement market in Malaysia?
- What are the key market trends impacting the growth of the health supplement market in Malaysia?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the health supplement market in Malaysia?
- What are the key outcomes of the five forces analysis of the health supplement market in Malaysia?
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Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Offerings of the top vendors
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Malaysia: An overview
PART 06: Malaysia: Economic profile
- Malaysia: Economic overview
- Lifestyle indicators
PART 07: Malaysia: Doing Business 2015
- Doing Business: Overview
- Business environment
PART 08: Market landscape
- Pharmaceutical market in Malaysia
- Health supplement market in Malaysia
- Five forces analysis
PART 09: Market segmentation by product
- Segmentation of health supplement market in Malaysia by product
- Vitamins and dietary supplements market in Malaysia
- Weight management products market in Malaysia
- Herbal and traditional products market in Malaysia
PART 10: Value chain analysis
- Value chain of health supplement market in Malaysia
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
- Competitive scenario
- Market vendor analysis 2014
- Other prominent vendors
PART 17: Other prominent vendors
- Key vendor analysis
- Amway
- CCM Pharmaceuticals
- Cosway
- Herbalceutical
- Herbalife
PART 18: Appendix
PART 19: Explore Technavio