Health Supplement Market in Malaysia 2015-2019
Description-
Overview
of the health supplement market in Malaysia
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.
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. 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 benefits from these supplements are the key drivers for
the growth of this segment.
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
leading vendors in the market are -
-Amway
-CCM
-Cosway
-Herbalceutical
-Herbalife
Table
of Content
PART
01: Executive summary
Highlights
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
Key
market highlights
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
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