Page 90 - Malaysian Dietary Supplement Industry Status and Outlook Report 2019-2020 Preview
P. 90

Figure 5.6: Market Opportunities and          Despite          the       industry’s          bright
               Challenges for the Malaysian Dietary          prospects          for       growth,          several
               Supplements Industry.                         regulatory and market challenges

               Source: Eigis Analysis.                       need to be resolved in order to fully
                                                             unlock the industry’s potential.

                                                             In many ways, the challenges faced by the Malaysian dietary
                                                             supplements industry are thematically similar to those
                                                             experienced in other  countries. In particular, dietary
                                                             supplement  industries worldwide commonly grapple with
                                                             the following challenges:

                                                                •  Defending/Enhancing the industry’s role as a
                                                                    legitimate player in the personal healthcare
                                                                    ecosystem.
                                                                •  Mediating pressure to  over-regulate  between
                                                                    industry stakeholders and third parties with vested
                                                                    interests.
                                                                •  Promoting legitimate health benefits more robustly
                                                                    without diluting industry responsibility.

                                                             Defending the industry’s role as a legitimate contributor in
                                                             the personal healthcare ecosystem.

                                                             Dietary supplement products are often perceived as  non-
                                                             essential and good-to-have health products. However, while
                                                             dietary supplement industries would never claim otherwise,
                                                             a more in-depth perspective is certainly warranted.




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