PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566055
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566055
Singapore Nutritional Supplements Market, By Form; By Product Type; By Age Group; By Distribution Channel, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Singapore Nutritional Supplements Market to Grow at Healthy CAGR Reaching USD 193.5 Million by 2030
Singapore Nutritional Supplements Market is flourishing because of the increased awareness of nutritional deficiencies and government initiatives promoting healthy living.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Singapore Nutritional Supplements Market size at USD 151.20 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Singapore Nutritional Supplements Market size to expand at a CAGR of 3.72% reaching a value of USD 193.47 million by 2030. A growing number of non-communicable illnesses and changing lifestyles are major driving factors for the Singapore Nutritional Supplements Market. Additionally, the COVID-19 pandemic had a favorable effect on the uptake of nutritional supplements as consumer health consciousness increased, spurring the market for nutritional supplements in Singapore to flourish.
Opportunity - Increasing Number of New Product Launches
Singapore has established itself as a lucrative market for nutritional supplements owing to the high working-class population and purchasing power of consumers. As a result, various industry players are launching their products in the market to grab a larger market share. Lifespace, for instance, an Australian prebiotic brand, is launching its prebiotic range for gut health in Singapore. Elivity, a new domestic longevity supplement brand, recently launched in Singapore. Such launches are anticipated to provide significant growth opportunities to Singapore Nutritional Supplements Market during the forecast period.
Impact of Escalating Geopolitical Tensions on Singapore Nutritional Supplements Market
Escalating geopolitical tensions could have a significant impact on the growth of Singapore Nutritional Supplements Market. These international disputes and wars cause supply chain disruptions, making it difficult to get raw materials for dietary supplements. As a result, there is a large imbalance between supply and demand. Geopolitical tensions also have a significant influence on trade barriers and changes in international trade policy, which might result in modifications to safety standards or labeling requirements. However, given that the supply of nutritional supplements from multinational companies is impacted, geopolitical issues may offer substantial development potential for domestic producers.
E-commerce Is Fastest Growing Distribution Channel Segment
Pharmacies dominate Singapore Nutritional Supplements Market by distribution channel. However, the e-commerce segment is projected to register the highest growth rate over the forecast period. The demand for nutritional supplements through online pharmacies and platforms spiked post the COVID-19 outbreak as it offered door-step delivery of products and convenience of online payments. E-commerce sales are gaining significant popularity among working adults due to their busy lifestyles, which is projected to drive its market growth during the forecast period as well. The other major distribution channels in Singapore Nutritional Supplements Market include supermarkets/hypermarkets and specialty stores.
Competitive Landscape
Singapore Nutritional Supplements Market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Eu Yan Sang International (SGP), Bio-Life Science Group (SGP), Blackmores (SGP), Best World International (SGP), Nestle, GNC, Amway, Vitacare, GlaxoSmithKline, Abbott, Herbalife, Bayer AG, Glanbia, Pfizer, and Otsuka Pharmaceutical.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and Singapore Nutritional Supplements Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Singapore Nutritional Supplements Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Singapore Nutritional Supplements Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Health-Conscious Population
- 3.2.1.2. Aging Demographics
- 3.2.1.3. Increased Awareness of Nutritional Deficiencies
- 3.2.1.4. Government Initiatives Promoting Healthy Living
- 3.2.2. Restraints
- 3.2.2.1. Strict Regulatory Environment
- 3.2.2.2. High Cost of Living
- 3.2.2.3. Presence of Counterfeit Products
- 3.2.3. Opportunities
- 3.2.3.1. Growth of E-commerce Platforms
- 3.2.3.2. Demand for Personalized Nutrition Solutions
- 3.2.3.3. Integration of Supplements into Functional Foods and Beverages
- 3.2.4. Challenges
- 3.2.4.1. Limited Domestic Production Capabilities
- 3.2.4.2. Competition from Regional Markets
- 3.2.4.3. Rapidly Changing Consumer Preferences
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Singapore Nutritional Supplements Market Overview
- 4.1. Market Size & Forecast, 2019-2030
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Form
- 4.2.1.1. Powder
- 4.2.1.2. Tablets
- 4.2.1.3. Capsules
- 4.2.1.4. Liquid
- 4.2.1.5. Soft Gel
- 4.2.1.6. Others
- 4.2.2. By Product Type
- 4.2.2.1. Sports Nutrition
- 4.2.2.2. Dietary Supplements
- 4.2.2.3. Fat Burner
- 4.2.2.4. Functional Food
- 4.2.2.5. Others
- 4.2.3. By Age Group
- 4.2.3.1. Kids
- 4.2.3.2. Adults
- 4.2.3.3. Geriatric
- 4.2.4. By Distribution Channel
- 4.2.4.1. Supermarkets/Hypermarkets
- 4.2.4.2. Specialty Stores
- 4.2.4.3. Pharmacies
- 4.2.4.4. E-commerce
- 4.2.4.5. Others
- 4.2.1. By Form
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Singapore Nutritional Supplements Company Market Share Analysis, 2023
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Escalating Geopolitical Tensions on Singapore Nutritional Supplements Market
7. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 7.1. Eu Yan Sang International (SGP)
- 7.2. Bio-Life Science Group (SGP)
- 7.3. Blackmores (SGP)
- 7.4. Best World International (SGP)
- 7.5. Nestle
- 7.6. GNC
- 7.7. Amway
- 7.8. Vitacare
- 7.9. GlaxoSmithKline
- 7.10. Abbott
- 7.11. Herbalife
- 7.12. Bayer AG
- 7.13. Glanbia
- 7.14. Pfizer
- 7.15. Otsuka Pharmaceutical
- 7.16. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
10. *Financial information of non-listed companies can be provided as per availability.
11. **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 Singapore Nutritional Supplements Segmentation
- Figure 2 Singapore Nutritional Supplements Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 Singapore Nutritional Supplements Market Size, By Value (USD Million), 2019-2030
- Figure 5 Singapore Nutritional Supplements Market Share, By Form, By Value, 2019-2030
- Figure 6 Singapore Nutritional Supplements Market Share, By Product Type, By Value, 2019-2030
- Figure 7 Singapore Nutritional Supplements Market Share, By Age Group, By Value, 2019-2030
- Figure 8 Singapore Nutritional Supplements Market Share, By Distribution Channel, By Value, 2019-2030
List of Tables
- Table 1 Singapore Nutritional Supplements Market Size, By Value (USD Million), 2019-2030
- Table 2 Singapore Nutritional Supplements Market Size, By Form, By Value, 2019-2030
- Table 3 Singapore Nutritional Supplements Market Size, By Product Type, By Value, 2019-2030
- Table 4 Singapore Nutritional Supplements Market Size, By Age Group, By Value, 2019-2030
- Table 5 Singapore Nutritional Supplements Market Size, By Distribution Channel, By Value, 2019-2030
- Table 6 Eu Yan Sang International (SGP) Company Overview
- Table 7 Eu Yan Sang International (SGP) Financial Overview
- Table 8 Bio-Life Science Group (SGP) Company Overview
- Table 9 Bio-Life Science Group (SGP) Financial Overview
- Table 10 Blackmores (SGP) Company Overview
- Table 11 Blackmores (SGP) Financial Overview
- Table 12 Best World International (SGP) Company Overview
- Table 13 Best World International (SGP) Financial Overview
- Table 14 Nestle Company Overview
- Table 15 Nestle Financial Overview
- Table 16 GNC Company Overview
- Table 17 GNC Financial Overview
- Table 18 Amway Company Overview
- Table 19 Amway Financial Overview
- Table 20 Vitacare Company Overview
- Table 21 Vitacare Financial Overview
- Table 22 GlaxoSmithKline Company Overview
- Table 23 GlaxoSmithKline Financial Overview
- Table 24 Abbott Company Overview
- Table 25 Abbott Financial Overview
- Table 26 Herbalife Company Overview
- Table 27 Herbalife Financial Overview
- Table 28 Bayer AG Company Overview
- Table 29 Bayer AG Financial Overview
- Table 30 Glanbia Company Overview
- Table 31 Glanbia Financial Overview
- Table 32 Pfizer Company Overview
- Table 33 Pfizer Financial Overview
- Table 34 Otsuka Pharmaceutical Company Overview
- Table 35 Otsuka Pharmaceutical Financial Overview
