Tufts University's 2019 Global Dietary Database observes that Indonesia is making slow progress toward meeting the recommended daily intake of key nutrients, including vitamins, for adults aged 20 years and older. Against the daily recommended level of 500 grams, Indonesia’s consumption of primary sources of vitamins, such as vegetables and fruits, is low, averaging only 227 grams of fruits and vegetables per day.
Local awareness of the benefits of consuming critical nutrients to boost one's immune system reached a tipping point following the outbreak of the COVID-19 pandemic, resulting in a surge in the demand for dietary supplements. Multivitamins are a popular product. YOUVIT, an Indonesian gummy supplement brand, was one of several brands gaining traction during the early pandemic stage with YOUVIT's sales tripling between February and April 2020, and the company is on track to continue growing.
Launched in 2017, YOUVIT offers a variety of gummy supplements to young adult consumers in Indonesia. According to Wouter van der Kolk, CEO of YOUVIT, the business' primary motivation is the fact that the Indonesian population continues to suffer from nutrient deficiencies, in addition to the cofounders' passion for a healthy lifestyle.
Market drivers, combined with the industry's rapid growth, aided YOUVIT in gaining early traction and rapidly expanding its business. With the assistance of an experienced FMCG investor, we raised over $6 million in seed capital. Our product line now includes six products that are sold in over 20,000 locations, up from 120 outlets when we launched in 2017. Our team has grown from seven to 120. Additionally, our annual sales have increased 14 times since 2017, Wouter explains.
Diese Geschichte stammt aus der December 2021-Ausgabe von Forbes Indonesia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 2021-Ausgabe von Forbes Indonesia.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
BACK ON TRACK
Collective wealth gets a 21% boost to a record $162 billion amid an economic uptick.
Championing Locals
The wave of social commerce is enabling inclusive digital economies beyond urban areas.
Boys in the Bubble
Startups are supposed to specialize, but OPENSEA’s founders thrived by building a wide-open market for creating and trading all manner of NFTs, whether art, music or gaming. Now that they’re centimillionaires and poised to become billionaires, they have other worries: competitors, fraudsters and the next crypto crash.
Enduring Relations
The implementation of IA-CEPA amid the pandemic signifies the Indonesia-Australia’s commitment to recover and counter future challenges together.
Sweet Success
Steven Erwin envisions Unifam to become a major global player in the confectionery and F&B industry.
Marathon Man
Across America, scores of municipal pension funds remain scandalously underfunded. But not the pension fund of Tampa’s police and firemen, thanks in large part to JAY BOWEN, whose no-frills approach to stock picking has protected and served them for more than 45 years.
Gold Rallies on Inflation Fears
During September the price of gold rallied to $1,868 per ounce following the release of figures on US inflation by the Bureau of Labor Statistics which indicated that, as of September, CPI inflation had rocketed to 6.2%, above the 5.8% which economists had been predicting.
Set Off to A New Start
Bank Aladin has two main ingredients for success: establish trust and offer better customer experiences.
The Daily Intake
YOUVIT plans to invest further into marketing and grow into one of the leading vitamin brands in Indonesia.
THE CROESUS OF CRYPTO
FTX COFOUNDER SAM BANKMAN-FRIED BUILT A $22.5 BILLION FORTUNE BEFORE HIS 30TH BIRTHDAY BY PROFITING OFF THE CRYPTOCURRENCY FRENZY—BUT HE’S NOT A TRUE BELIEVER. HE JUST WANTS HIS WEALTH TO SURVIVE LONG ENOUGH TO GIVE IT ALL AWAY.