Health Supplement Market in Malaysia 2015-2019
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
Technavio Announces the Publication of its Research Report – Health Supplement Market in Malaysia 2015-2019
Technavio recognizes the following companies as the key players in the Health Supplement Market in Malaysia: Amway, CCM, Cosway, Herbalceutical and Herbalife
Other Prominent Vendors in the market are: Astana Biocare, Bioalpha, Dynapham Herbal, Era Herbal, QD Herbs, and White Heron Pharmaceuticals.
Commenting on the report, an analyst from Technavio’s team said: “The Malaysian government is initiating various programs to spread healthcare awareness. The Malaysian Ministry of Health regularly encourages healthy lifestyle practices among its citizens by organizing many health-oriented campaigns. These campaigns include health talks, anti-smoking campaigns, free medical check-ups, and campaigns to increase awareness about chronic diseases such as cancer, heart disease, oral health, sexual health, and mental health.”
According to the report, older people are likely to suffer more from age-related diseases and digestive disorders because of low immunity levels. As a result, products that prevent age-related disorders, such as those linked to the digestive system, and ones that help maintain blood sugar levels, as well as low-cholesterol and low-fat foods, are in high demand among this age group.
Further, the report states that Manufacturers, in general, list ingredients included in a dietary supplement. Often, a proprietary blend of ingredients not listed is also found. A certain amount of some ingredients might be safe, but many could cause side effects. This can pose a serious problem if a consumer is using other supplements at the same time and attempting to keep their intake level safe.
Amway, CCM, Cosway, Herbalceutical, Herbalife, Astana Biocare, Bioalpha, Dynapham Herbal, Era Herbal, QD Herbs, White Heron Pharmaceuticals.
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