The report analyzes and
presents an overview of "Health
Supplement Market
in Malaysia 2015-2019"worldwide
Overview of the health
supplement market in Malaysia
Technavios 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.
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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.
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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
Other prominent vendors in the
market include Astana Biocare, Bioalpha, Dynapham Herbal, Era Herbal,
QD Herbs, and White Heron Pharmaceuticals.
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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
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