Indonesia Beauty Supplements Market Insight 2020-2030
The Indonesia beauty supplements market size was valued at $170.10 million in 2019, and is projected to reach $355.87 million by 2030, registering a CAGR of 7.82% from 2020 to 2030. Beauty supplements are usually consumed to enhance body metabolism to reduce occurrences of lifestyle disorders and enhance skin, nail, or hair texture. Furthermore, rise in awareness regarding maintenance of healthy and nourishing skin, hair, and nails also propels consumption of vitamins, minerals, botanicals, and other products. These supplements are most commonly available in tablet, capsule, powder, soft gel, gel cap, or liquid form. People take these supplements to make sure they get enough essential nutrients and to maintain or improve their health. Furthermore, consumers have also started adopting vitamins, minerals, and botanicals to boost immunity. They are usually consumed to enhance body metabolism and reduce the occurrence of lifestyle disorders.
Indonesia beauty supplements are expected to exhibit significant market growth during the forecast period, owing to rising awareness regarding health benefits associated with beauty supplements and increasing physical appearance concerns among the individuals. The key factors that drive the growth of Indonesia beauty supplements market include availability of beauty supplements on online portals and growing popularity of beauty supplements. However, high cost of beauty supplements and side effects associated with beauty supplement products including constipation, diarrhea and others are expected to restrict the market growth. Moreover, rise in R&D for development of better health supplements for various nutritional deficiencies and shift towards plant supplements are expected to create lucrative opportunities for key market players.
Indonesia Beauty Supplements market is segmented on the basis of product type, application and distribution channel. According to product type, the market is divided into tablet, capsule, powder and liquid. On the basis of application, the market is divided into skin care, hair care, nail care and dental care. On the basis of distribution channel, the market is divided into hypermarkets or supermarkets, e-commerce, specialty stores and medical stores or pharmacy.
COVID-19 Impact on Indonesia beauty supplements market
Coronavirus (COVID-19) was discovered in December 2019 in Hubei province of Wuhan city in China. The disease is caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted among humans.
After its discovery in Wuhan, the disease rapidly spread to other parts of the globe. Moreover, this virus causes various symptoms in patients, which range from common symptoms to serious symptoms. For instance, common symptoms include fever, dry cough, and fatigue. However, serious symptoms include difficulty in breathing or shortness of breath, chest pain or pressure, and loss of speech or movement. Furthermore, the virus has high potential of lethality in geriatric population. On March 11, 2020, the World Health Organization (WHO) made an assessment that COVID-19 can be characterized as a pandemic. In addition, only a few vaccines received emergency approvals for COVID-19 prevention. Thus, social distancing is observed as the most important measure to stop the spread of this disease. Furthermore, to maintain social distancing, various countries globally adopted nationwide lockdowns.
The market is negatively impacted by the pandemic as most countries adopted lockdown to combat the spread of the virus. In the beginning of the spread, it was difficult for companies to supply their products to market for consumption purpose by general population. Moreover, production of beauty supplements products faced disruption in supply chain completely, owing to the closure of manufacturing operations. In addition, consumers focused only on highly essential products such as food and beverages. However, with relaxation in lockdowns and decline in COVID-19 cases, companies have re-started their processes to fulfil the demand of products in the market. In research, it has been found that beauty supplements are helpful in boosting the immune system. Due to this new trend, the demand for the beauty supplements has highly increased. In addition, the COVID-19 pandemic has boosted the awareness of physical, mental, and emotional health and increased the implementation of self-care among consumers. This, in turn, has increased the adoption of health and beauty supplements.
Product Type Segment Review
By product type, Indonesia Beauty Supplements market is divided into tablet, capsule, powder and liquid. The tablet was the major revenue contributor in 2020, and is anticipated to continue this trend during the forecast period, owing to tablets have high shelf life and they are easier to store as compare to other product types. On the other side, the demand for capsules is projected to exhibit the fastest market growth during the forecast period, Owing to their cost-effectiveness, relative ease of manufacturing, and wide availability of patient-friendly dosing options
By Product Type
The tablet was the major revenue contributor in 2019, and is anticipated to continue this trend during the forecast period
Application Segment Review
By application, the Indonesia Beauty Supplements market into classified as skin care, hair care, nail care and others. The skin care segment presently dominates the market, and is expected to remain dominant during the forecast period. This segment is expected to exhibit a prominent growth rate, owing to increasing awareness regarding skin benefits associated with beauty supplements. In addition, growing awareness of one's appearance and skin quality, as well as rising consumer spending power around the Indonesia, are driving demand in the Indonesia skin supplement market.
By Application
The Skin Care segment presently dominates the market, and is expected to remain dominant during the forecast period
Distribution channel Segment Review
By distribution channel, the Indonesia Beauty Supplements market is classified as hypermarkets or supermarkets, e-commerce, specialty stores and medical stores or pharmacy. The hypermarkets or supermarkets segment presently dominates the market, and is expected to remain dominant during the forecast period. This segment is expected to exhibit a prominent growth rate, owing to high consumer preference, trust for direct distribution channel over other channel and easy availability of beauty supplements product through hypermarket or supermarket.
By Distribution Channel
The Hypermarkets Or Supermarkets segment presently dominates the market, and is expected to remain dominant during the forecast period.
This report provides comprehensive competitive analysis and profiles of prominent market players, such as key players operating in Asahi Group Holdings, Biovea, Amway, Meiji Holdings Co., Ltd., Pfizer Inc., Reserveage Nutrition, Vitabiotics Ltd, Zija International., Taisho pharmaceutical holdings co. ltd., Walgreens Boots Alliance, Inc.
Key Benefits For Stakeholders
- The study provides an in-depth analysis of the Indonesia beauty supplements market and the current trends and future estimations to elucidate the imminent investment pockets.
- It presents a quantitative analysis of the market from 2020 to 2030 to enable stakeholders to capitalize on the prevailing Indonesia beauty supplements market opportunities.
- Extensive analysis of the market based on type assists to understand the trends in the industry.
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the Indonesia beauty supplements market
Indonesia Beauty Supplements Market Report Highlights
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 By Distribution Channel!!Hypermarkets or Supermarkets |
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Analyst Review
This section provides various opinions of top-level CXOs in the Indonesia beauty supplements market. In accordance to several surveys conducted, the popularity of beauty will witness a significant growth. According to CXOs, adoption beauty supplements is expected to increase. This is attributed to factors such as rising awareness regarding health benefits associated with beauty supplements and increasing physical appearance concerns among the individuals. In addition, various manufacturers offer personalized nutritional supplement (can be based on a single nutrient or on a combination of various nutrients as per their personal requirement), which is expected to be the future for growth of the market.
However, some of the leading players operating in the Indonesia beauty supplements market are focused on product launches, approvals, and partnerships to gain market dominance and keep their products updated and in demand. In addition, availability of beauty supplements on online portals, growing popularity of beauty supplements and easy availability of beauty supplement through many distribution channels which, in turn, drives the market growth.
The total market value of Indonesia Beauty Supplements Market is $355.87 Million in 2030
The forecast period in the report is from 2020 to 2030
The market value of Indonesia Beauty Supplements Market in 2019 was $170.10 million
The base year for the report is 2019
Yes, Indonesia Beauty Supplements Market companies are profiled in the report
The top companies that hold the market share in Indonesia Beauty Supplements Market are Asahi Group Holdings, Biovea, Amway, Meiji Holdings Co., Ltd., Pfizer Inc.
No, there is No value chain analysis provided in the Indonesia Beauty Supplements Market report
The key trends in the Indonesia Beauty Supplements Market are rising awareness regarding health benefits associated with beauty supplements and increasing physical appearance concerns among the individuals
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