From big names across the retail, entertainment, and the oil and gas sector, conglomerates across Thailand are taking a greater interest in the health and wellness sector.
In fact, Thailand has been described as “the supplement market” when it comes to introducing new functional ingredients within the South East Asia region by Japanese dairy and functional food giant Morinaga.
Another dietary supplement industry leader, Blackmores, also said that its business in Thailand has held up, although other markets in the region, such as Malaysia and Indonesia, have reported sharp revenue declines in its latest financial results released in end February.
In this series of VitamINSIGHTS, we will look at how conglomerates and smaller players are seeking fortune in the nutraceutical sector, as well as the country’s dietary supplement regulatory landscape.
