PROSPECTS AND OPPORTUNITIES
Rising demand for dietary supplements in Singapore’s ageing society
As Singapore experiences an increasingly older population, dietary supplements are becoming increasingly important in supporting healthy ageing. Despite this demographic shift, Singaporeans continue to enjoy a high standard of living and substantial disposable income, allowing them to reallocate spending towards health-focused products like dietary supplements.
Holistic beauty trend could fuel growth
The rising holistic beauty trend is significantly contributing to the expansion of the dietary supplement market, particularly among younger female consumers. Holistic beauty emphasises the integration of beauty-enhancing supplements into daily skincare routines, offering a more well-rounded approach to personal care that supports both internal and external health.
Private label offerings are poised to gain momentum
As offline retail competition intensifies and external factors such as inflation and rising living costs continue to strain household budgets, the shift in consumer preference toward private label products is expected to gain significant momentum. Notably, leading health and personal care retailers, such as Guardian, have already introduced a variety of private label offerings, including dietary supplements.
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Overview:
Understand the latest market trends and future growth opportunities for the Dietary supplements industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Dietary supplements industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Dietary supplements in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Dietary supplements in Singapore?
- Which are the leading brands in Dietary supplements in Singapore?
- How are products distributed in Dietary supplements in Singapore?
- How has the regulatory and operating environment for Dietary supplements changed in Singapore?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Dietary supplements
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Dietary Supplements in Singapore - Category analysis
KEY DATA FINDINGS
Growing interest in gut health drives growth in probiotic supplements
Combination dietary supplements offer targeted wellness solutions
Retailers offer more bundle offers to appeal to price-sensitive consumers
Rising demand for dietary supplements in Singapore’s ageing society
Holistic beauty trend could fuel growth
Private label offerings are poised to gain momentum
Consumer Health in Singapore - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
Dietary supplements
- Combination Dietary Supplements
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- Aloe
- Combination Herbal/Traditional Dietary Supplements
- Cranberry
- Echinacea
- Evening Primrose Oil
- Garlic
- Ginkgo Biloba
- Ginseng
- St John's Wort
- Other Herbal/Traditional Dietary Supplements
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- Co-Enzyme Q10
- Combination Non-Herbal/Traditional Dietary Supplements
- Eye Health Supplements
- Fish Oils/Omega Fatty Acids
- Glucosamine
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- Calcium Supplements
- Mineral Supplements
- Probiotic Supplements
- Protein Supplements
- Other Non-Herbal/Traditional Dietary Supplements
Dietary supplements
It is the aggregation of all dietary supplements: Minerals, fish oils/omega fatty acids, garlic, ginseng, ginkgo biloba, evening primrose oil, Echinacea, St John's Wort, protein supplements, probiotic supplements, eye health supplements, co-enzyme Q10, glucosamine, combination herbal/traditional supplements, non-herbal/traditional supplements, and all other dietary supplements specific to country coverage.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Dietary supplements research and analysis database.
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