Page 94 - Malaysian Dietary Supplement Industry Status and Outlook Report 2019-2020 Preview
P. 94

Figure 5.7: Recommendations by the            The Malaysian dietary supplements
               Malaysian Dietary Supplements Industry to     industry is poised for greater export
               Accelerate Industry Growth.                   growth. We are presently still among

               Source: Eigis Analysis.                       the leaders, if not the leader, within
                                                             the      ASEAN         market         for     dietary
                                                             supplements,             and        we        should
                                                             capitalize on this to become a truly

                                                             global player.

                                                             In the previous section, the following domestic industry
                                                             challenges were presented and discussed:

                                                                •  Low awareness among Malaysians on total quality
                                                                    management to maintaining personal wellbeing.
                                                                •  Lack of government  focus on development of the
                                                                    industry.
                                                                •  Increasing  prevalence of unregistered dietary
                                                                    supplement products being illegally sold via online
                                                                    channels.
                                                                •  Reduced global competitiveness due to high costs of
                                                                    doing business.
                                                                •  Irresponsible, loosely  made claims against  the
                                                                    consumption of dietary supplement products despite
                                                                    the strict regulatory frameworks imposed  on and
                                                                    adhered by industry players.








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