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Report on Malaysia's and Singapore's Nutritional Supplement Industry Market

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Report on Malaysia's and Singapore's Nutritional Supplement Industry Market Report on Malaysia’s and Singapore's nutritional supplement industry market Tartu 2018 This report was funded by and compiled in the framework of Estonia-Latvia cross-border cooperation program project HIADEX Disclaimer This document reflects the views of the author. The managing authority of the programme is not liable for how this information may be used 2 Contents Consumer Health in Malaysia (executive summary) ............................................................................... 5 Market indicators ................................................................................................................................ 7 Appendix ............................................................................................................................................ 16 Dietary Supplements in Malasya ........................................................................................................... 19 Prospects ........................................................................................................................................... 19 Competitive landscape ...................................................................................................................... 20 Category data .................................................................................................................................... 21 Digestive Remedies in Malaysia ............................................................................................................ 41 Prospects ........................................................................................................................................... 41 Competitive landscape ...................................................................................................................... 42 Category data .................................................................................................................................... 43 Herbal/Traditional Products in Malaysia ............................................................................................... 48 Prospects ........................................................................................................................................... 48 Competitive landscape ...................................................................................................................... 49 Category data .................................................................................................................................... 50 Vitamins in Malaysia .............................................................................................................................. 55 Prospects ........................................................................................................................................... 55 Competitive landscape ...................................................................................................................... 56 Category data .................................................................................................................................... 57 Weight Management and Wellbeing in Malaysia ................................................................................. 64 Prospects ........................................................................................................................................... 64 Competitive landscape ...................................................................................................................... 65 Category data .................................................................................................................................... 66 Related Company Profiles ..................................................................................................................... 70 Amway (M) Sdn Bhd in Consumer Health (Malaysia) ....................................................................... 70 Bio-Life Marketing (M) Sdn Bhd in Consumer Health (Malaysia) ...................................................... 73 Cosway (M) Sdn Bhd in Consumer Health (Malaysia) ....................................................................... 75 HerbalCeutical Sdn Bhd in Consumer Health (Malaysia) .................................................................. 77 Kotra Industries Bhd in Consumer Health (Malaysia) ....................................................................... 79 Nu Skin (M) Sdn Bhd in Consumer Health (Malaysia) ....................................................................... 82 USANA Health Sciences Sdn Bhd in Consumer Health (Malaysia) .................................................... 84 Consumer Health in Singapure (executive summary) ........................................................................... 86 Market indicators .............................................................................................................................. 87 Appendix ............................................................................................................................................ 97 Dietary Supplements in Singapore ........................................................................................................ 99 3 Prospects ........................................................................................................................................... 99 Competitive landscape ...................................................................................................................... 99 Category data .................................................................................................................................. 101 Digestive Remedies in Singapore ........................................................................................................ 122 Prospects ......................................................................................................................................... 122 Competitive landscape .................................................................................................................... 123 Category data .................................................................................................................................. 123 Herbal/Traditional Products in Singapore ........................................................................................... 129 Prospects ......................................................................................................................................... 129 Competitive landscape .................................................................................................................... 129 Category data .................................................................................................................................. 130 Vitamins in Singapore .......................................................................................................................... 136 Prospects ......................................................................................................................................... 136 Competitive landscape .................................................................................................................... 137 Category data .................................................................................................................................. 138 Weight Management and Wellbeing in Singapore ............................................................................. 145 Prospects ......................................................................................................................................... 145 Competitive landscape .................................................................................................................... 146 Category data .................................................................................................................................. 146 Related Company Profiles ................................................................................................................... 151 Cerebos Pacific Ltd in Consumer Health (Singapore) ...................................................................... 151 Eu Yan Sang (S) Pte Ltd in Consumer Health (Singapore) ............................................................... 153 General Nutrition Centers Inc in Consumer Health (Singapore) ..................................................... 155 Haw Par Healthcare Ltd in Consumer Health (Singapore) .............................................................. 157 Nu Skin Enterprises Singapore Pte Ltd in Consumer Health (Singapore) ........................................ 159 4 Consumer Health in Malaysia (executive summary) Improving health knowledge affects demand for consumer health Consumers in Malaysia indicated a stronger health awareness level in the review period with an improved literacy rate. With more households in urban areas able to easily reach pharmacies, more consumers are engaging in preventive measures to optimise wellness and self-medication for minor ailments such as mild fever, headaches or coughing. The use of vitamins and dietary supplements in Malaysia continues to grow with the availability of massive ranges in pharmacies such as Guardian or Multicare Pharmacy and in health and beauty specialist retailers such as Watsons or AEON Wellness. Consumers’ knowledge of the benefits provided by certain products,
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