MarkNtel Advisors brings together a comprehensive understanding of the vast dynamics of the Saudi Arabia Nutraceuticals Market Size, Share, Trends, and Growth in their research report, incorporating an extensive & detail-driven examination of the industry. This study exhibits the diverse elements like drivers, restraints, opportunities, challenges, key trends, & recent developments, among others, influencing the market expansion.
The data present in the report exhibit from the historic years (2017-20) and the base year (2021) to put together estimations for the forecast period (2022-27). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Key Offering in the Report
The research report incorporates information from the past, ongoing trends and developments, and plans of the competitors in different segments across geographic locations into the parameters grounding on the following parameters:
- Gross margins & profits
- Demand growth & falls
- Investment opportunities & revenue generation
- Business strategies & shares
- Key players & their profiling
- Leading geographies
- Trends & developments, among others
Market Dynamics
Key Driver: Burgeoning Lifestyle-based Diseases to Lead the Demand for Nutraceuticals
Saudi Arabia is one of the high-income economies in the Middle East region, with high consumption of packaged food & beverages. However, the consumption of packaged foods and luxury lifestyles, combined with decreased physical activity, has resulted in a significant portion of the population suffering from ailments such as obesity, hypertension, diabetes, etc. According to World Health Organization, the total percentage of the obese population under the age of 15 years was over 70% in the Kingdom of Saudi Arabia.
Similarly, the elder-age population in Saudi Arabia also has a high-risk potential for cardiovascular diseases. According to a Saudi Health Ministry survey, 37% of the deaths in the country are caused due to cardiovascular diseases. These are a few of the key reasons that have pushed the consumers in the region to adopt healthy food practices & nutraceuticals to curb the diseases in the young- & middle-aged population. In addition, as nutraceutical supplements & their addition to various foods & beverages prevent lifestyle diseases by reducing the deficiency of nutrients, the Nutraceuticals market in Saudi Arabia has grown steadily over the period 2017-2021, and is also expected to grow further during the forecast period.
Segmentation of the Industry
The Saudi Arabia Nutraceuticals Market is highly fragmented and bifurcates into the following segmentations:
By Product Type
-Dietary Supplements
–Proteins & Peptides
–Vitamins & Minerals
–Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals)
–Others (Fatty Acids and Fiber)
-Functional Foods
–Probiotics Fortified Food
–Omega Fatty Acid Fortified Food
–Branded Ionized Salt
–Branded Wheat Flour
–Others
-Functional Beverages
–Fruit & Vegetable Juices and Drinks
–Dairy & Dairy Alternative Drinks
–Non-Carbonated Drinks (Bottled Water, Tea, And Coffee)
–Other (Herbal Tea, Sports Drinks, And Energy Drinks)
By Source
-Plant
-Animal
-Microbial
- Of them all, Animal-based nutraceutical products have earmarked a significant market share in Saudi Arabia.
By Form
-Tablets & Capsules
-Gummies & Soft Gels
-Powder & Liquid
By Sales Channel
-Offline Store-Based
–Supermarkets & Hypermarkets
–Specialty Stores
-Online
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Competitive Analysis
The Saudi Arabia Nutraceuticals Market report entails an exhaustive research compilation on the changing interface, strategies, and sustainability tactics of the prominent players by rigorously profiling each company. It is principally to put together all the information influencing the industry expansion on the following parameters:
- Investments rise & fall
- Overview of the company
- Origin & business strategy
- Product/Service portfolio expansion
- The geographical presence of players
The report also talks about the strategies adopted by players to maintain their dominance & yield higher profits in the market while expanding their business across locations. Each company is profiled in this report on the following grounds:
- Ongoing trends & recent developments
- Performance indicators
- Products/Services offered
- Risk & SWOT Analysis
The prominent companies profiled in the Saudi Arabia Nutraceuticals Market report are Bayer Saudi Arabia, LLC, Vitabiotics Ltd., Nestlé Middle East & North Africa, Herbalife Nutrition Ltd., BASF Saudi Arabia Co. Ltd., PepsiCo Inc., General Mills Inc., Nature’s Way Products, LLC., Abbott Saudi Arabia Trading LLC, Pfizer Saudi Limited Corporate, Others
Customization Services
MarkNtel Advisors offer customization services on reports to the stakeholders & investors, covering all the relevant aspects required in a comprehensive, unbiased, accurate, & reliable manner. It aims principally to enable the players to curate all the fundamentals underlying the market potential in the future & make informed decisions & strategies.
About Us
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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