Singapore Nutritional Supplements Market Trends, Share, Demand, Revenue and Future Outlook
Singapore Nutritional Supplements Market Growth, Size, Trends Analysis- By Form, By Product Type, By Age Group, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: NUTR2403 | Pages: 1 - 109 | Formats*: |
| Category : Nutraceuticals | |||
Singapore Nutritional Supplements Market Introduction and Overview
According to SPER Market Research, the Singapore Nutritional Supplements Market is estimated to reach USD 217.69 billion by 2033 with a CAGR 4.01%.
The report includes an in-depth analysis of the Singapore Nutritional Supplements Market, including market size and trends, product mix, distribution channels, and supplier analysis. Nutrients that may be deficient in the diet are supplied by nutritional supplements, also referred to as food supplements or dietary supplements. Under a doctor's supervision and with the right dosage, nutritional supplements can have a good impact on health. Their usual forms of consumption are liquids, powders, pills, or capsules. Supplemental nutrition is not a prescription medication used to treat diseases or other ailments. They contain a wealth of nutrients that can be derived from either synthetic or plant sources.
- In April 2024, Zeria Pharmaceutical's range of chondroitin-based supplements that encourage an active lifestyle in Singapore was allowed to be distributed by Borsch Med Pte Ltd (BM), a Singaporean health and nutrition company.
Market Opportunities and Challenges
Opportunities:
- A Increasing Health and Awareness Knowledge: Singapore's market for nutritional supplements is growing as a result of people becoming more health-conscious and motivated to take preventative action due to the rising prevalence of zoonotic diseases and other lifestyle ailments. Customers may obtain the vital nutrients they need on a daily basis to sustain active, healthy lifestyles, such calcium and vitamin D, with the aid of these nutritional supplements. The demand for high-end items in the Singaporean nutritional supplement market is significantly increasing. Customers' strong spending power and preference for high-quality, scientifically supported products fuel the expansion of the Singaporean nutritional supplements market.
Challenges: Supplemental nutrition promotes health. However, taking too many of these supplements or becoming addicted to them can be harmful or even fatal. For example, excessive vitamin A intake might result in birth abnormalities, migraines, and weakened bones. In order to lessen their dependency on nutritional supplements, customers are choosing to live healthier lives or buy organic food items, which may have a detrimental effect on the expansion of the Singaporean nutritional supplements market.
Market Competitive Landscape
Major players in the fiercely competitive Singaporean nutritional supplement market include Nestlé, GNC, Amway, Vitacare, GlaxoSmithKline, Abbott, Herbalife, Bayer AG, Glanbia, Pfizer, Otsuka Pharmaceutical, Eu Yan Sang International (SGP), Bio-Life Science Group (SGP), Blackmores (SGP), and Best World International (SGP). These businesses use partnerships, joint ventures, license agreements, mergers and acquisitions, and the introduction of new products as a means of expanding their market share.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Form, By Product Type, By Age Group, By Distribution Channel |
| Regions covered | Eastern region, Western region, Southern region, Northern region. |
| Companies Covered | Abbott, Amway, Bayer AG, Best World International (SGP), Blackmores (SGP), Bio-Life Science Group (SGP), Eu Yan Sang International (SGP), GNC, GlaxoSmithKline, Glanbia, Others. |
COVID-19 Impact on Singapore Nutritional Supplements Market
The COVID-19 epidemic had a major effect on the nutritional supplement sector in Singapore, posing both opportunities and challenges. Demand for vitamins, minerals, and immune-boosting supplements skyrocketed as a result of the pandemic's start, which raised awareness of immunity and health. Consumers' increased attention to health maintenance drove the expansion of products like zinc, vitamin C, and vitamin D, which were heavily marketed as immune-boosting. Global lockdowns and limitations, however, also caused supply chain disruptions in the market, which resulted in brief shortages and delays in product availability.
Key Target Audience
- Health-conscious consumers
- Elderly population
- Athletes and fitness enthusiasts
- Pregnant and breastfeeding women
- Individuals with specific health conditions (e.g., vitamin deficiencies, immune support needs)
- Busy professionals and working adults
Our in-depth analysis of the Singapore Nutritional Supplements Market includes the following segments:
| By Form: | |
| By Product Type: | |
| By Age Group: | |
| By Distribution Channel: |
Key Topics Covered in the Report
- Singapore Nutritional Supplements Market Size (FY’2024-FY’2033)
- Overview of Singapore Nutritional Supplements Market
- Segmentation of Singapore Nutritional Supplements Market By Form (Powder, Tablets, Capsules, Liquid, Soft Gel, Others)
- Segmentation of Singapore Nutritional Supplements Market By Product Type (Sports Nutrition, Dietary Supplements, Fat Burner, Functional Food, Others)
- Segmentation of Singapore Nutritional Supplements Market By Age Group (Kids, Adults, Geriatric)
- Segmentation of Singapore Nutritional Supplements Market By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Pharmacies, E-commerce, Others)
- Expansion Analysis of Singapore Nutritional Supplements Market
- Problems and Obstacles in Singapore Nutritional Supplements Market
- Competitive Landscape in the Singapore Nutritional Supplements Market
- Impact of COVID-19 and Demonetization on Singapore Nutritional Supplements Market
- Details on Current Investment in Singapore Nutritional Supplements Market
- Competitive Analysis of Singapore Nutritional Supplements Market
- Prominent Players in the Singapore Nutritional Supplements Market
- SWOT Analysis of Singapore Nutritional Supplements Market
- Singapore Nutritional Supplements Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Singapore Nutritional Supplements Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Singapore Nutritional Supplements Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Nutritional Supplements Market
7. Singapore Nutritional Supplements Market, By Form (USD Million) 2020-2033
7.1. Singapore Nutritional Supplements Market Size, Share and Forecast, By Form, 2020-20267.2. Singapore Nutritional Supplements Market Size, Share and Forecast, By Form, 2027-20337.3. Powder7.4. Tablets7.5. Capsules7.6. Liquid7.7. Soft Gel7.8. Others
8. Singapore Nutritional Supplements Market, By Product Type (USD Million) 2020-2033
8.1. Singapore Nutritional Supplements Market Size, Share and Forecast, By Product Type, 2020-20268.2. Singapore Nutritional Supplements Market Size, Share and Forecast, By Product Type, 2027-20338.3. Sports Nutrition8.4. Dietary Supplements8.5. Fat Burner8.6. Functional Food8.7. Others
9. Singapore Nutritional Supplements Market, By Age Group (USD Million) 2020-2033
9.1. Singapore Nutritional Supplements Market Size, Share and Forecast, By Age Group, 2020-20269.2. Singapore Nutritional Supplements Market Size, Share and Forecast, By Age Group 2027-20339.3. Kids9.4. Adults9.5. Geriatric
10. Singapore Nutritional Supplements Market, By Distribution Channel (USD Million) 2020-2033
10.1. Singapore Nutritional Supplements Market Size, Share and Forecast, By Distribution Channel, 2020-202610.2. Singapore Nutritional Supplements Market Size, Share and Forecast, By Distribution Channel, 2027-203310.3. Supermarkets/Hypermarkets10.4. Specialty Stores10.5. Pharmacies10.6. E-commerce10.7. Others
11. Singapore Nutritional Supplements Market Forecast, 2020-2033 (USD Million)
11.1. Singapore Nutritional Supplements Market Size and Market Share
12. Singapore Nutritional Supplements Market, By Region, 2020-2033 (USD Million)
12.1. Singapore Nutritional Supplements Market Size and Market Share By Region (2020-2026)12.2. Singapore Nutritional Supplements Market Size and Market Share By Region (2027-2033)12.3. Eastern Region12.4. Western Region12.5. Southern Region12.6. Northern Region
13. Company Profile
13.1. Abbott
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Amway
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Bayer AG
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Best World International (SGP)
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Blackmores (SGP)
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Bio-Life Science Group (SGP)
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Eu Yan Sang International (SGP)
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. GNC
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. GlaxoSmithKline
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Glanbia
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. Conclusion
15. Reference Links
16. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Singapore Nutritional Supplements Market is projected to reach USD 217.69 billion by 2033, growing at a CAGR of 4.01% during the forecast period.
Singapore Nutritional Supplements Market grew in Market size from 2022. The Market is expected to reach USD 217.69 billion by 2033, at a CAGR of 4.01% during the forecast period.
Singapore Nutritional Supplements Market CAGR of 4.01% during the forecast period.
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Singapore Nutritional Supplements Market size is USD 217.69 billion from 2024 to 2033.
Singapore Nutritional Supplements Market Segment is covered By Form, By Product Type, By Age Group, By Distribution Channel.
The Asia-Pacific is anticipated to have the highest Market share in the Singapore Nutritional Supplements Market.
The key players in the Market include Companies Covered Abbott, Amway, Bayer AG, Best World International (SGP), Blackmores (SGP), Bio-Life Science Group (SGP), Eu Yan Sang International (SGP), GNC, GlaxoSmithKline, Glanbia, Others.
Nutrients that may be deficient in the diet are supplied by nutritional supplements, also referred to as food supplements or dietary supplements.
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