Health Supplement Market in Malaysia 2015-2019

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?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Probiotics Market 2015-2019
• Global Bioactive Ingredients Market 2015-2019
• Global Whey Protein Ingredients Market- Growth and Trends 2015-2019