Saudi Arabia Dietary Supplement Markets, Competition, Forecast and Opportunity, 2026: Focus on Combination Dietary Supplements, Vitamins, and Herbal Supplements – ResearchAndMarkets.com | Company
DUBLIN – (BUSINESS WIRE) – August 4, 2021–
The ‘Food Supplements Market in Saudi Arabia, By Product Type (Combination Dietary Supplement, Vitamin, Herbal Supplement and Others), By Form, By Distribution Channel, By Application, By End User, By Region, Competition, forecasts and opportunities, 2026F ”has been added to the offering from ResearchAndMarkets.com.
The food supplements market in Saudi Arabia is expected to reach USD 366.94 million by 2026, with a CAGR of 8.04% until 2026.
The increase in the millennial labor force, increase in disposable income, increase in healthcare spending, and changing lifestyle are the major drivers for the growth of the dietary supplement market in Saudi Arabia.
In addition, the growing number of young adults and the workforce, increasing product innovation, government health campaign initiatives, etc. are other factors that are fueling the country’s dietary supplement market. The increasing penetration of digital and social media, combined with the increasing penetration of smartphones, has led to growing awareness and aspirations for the latest trends in product offerings.
The health sector contributes significantly to the global economy. The cost of healthcare in Saudi Arabia is increasing dramatically due to higher per capita healthcare expenditure and the prevalence of communicable and non-communicable diseases. Consumption of dietary supplements has increased due to these trends.
The Ministry of Health has established certain dietary guidelines for the Saudi population, such as calorie balance, dietary fiber intake, etc., with the aim of making individuals better understand what they should be eating in terms of type and amount of food they consume, as well as their daily nutritional needs and proportions (for all age groups), thus decreasing the risk of nutrition-related diseases.
The Saudi Arabia dietary supplements market is categorized by product type, form, distribution channel, application, end user, region and company. In terms of product type, the food supplements market in Saudi Arabia is segmented into combination dietary supplements, vitamins, herbal supplements, fish oil and omega fatty acids, protein, and others.
Among which, the combination dietary supplement market accounted for over 32% of the country’s dietary supplement market share in 2020 and this segment is expected to continue to dominate during the forecast period due to the continued good health and compensation for poor eating habits. and even reduce the risk of chronic disease.
In terms of region, the food supplements market in Saudi Arabia is categorized into Western, Central, Southern, Eastern and Northern regions respectively. The western region was the dominant region in the food supplements market in Saudi Arabia in 2020 followed by the central region and is expected to maintain its dominance during the forecast period due to the increase in internet connectivity, modes of modern and changing lives and preferences, increasing per capita income and urban population growth, etc.
Some of the major players operating in the dietary supplement market in Saudi Arabia are Bayer Saudi Arabia, LLC, Amway Corp., Herbalife Nutrition Ltd., Abbott Saudi Arabia Trading LLC., Pfizer Saudi Limited, etc.
Scope of the report:
Years considered for this report:
- Historical years: 2016-2019
- Baseline year: 2020
- Estimated year: 2021E
- Forecast period: 2022F-2026F
Saudi Arabia Food Supplements Market, By Product Type:
- Combined food supplement
- Herbal supplement
- Fish oil and omega fatty acid
Saudi Arabia Food Supplements Market, By Form:
- Soft Gels
Saudi Arabia Food Supplements Market, By Distribution Channel:
- Pharmacies and pharmacies
- Supermarkets and hypermarkets
- In line
Saudi Arabia Dietary Supplements Market, By Application:
- Energy and weight management
- General health
- Bone and joint health
Saudi Arabia Food Supplements Market, By End User:
- Pregnant women
Saudi Arabia Food Supplements Market, By Region:
- From South
Company Profiles: Detailed analysis of the major companies present in the Dietary Supplements Market in Saudi Arabia.
- Bayer Saudi Arabia, LLC
- Amway Corp
- Herbalife Nutrition Ltd.
- Abbott Saudi Arabia Trading LLC
- Pfizer Saudi Limited
- Glaxo Saudi Arabia Limited
- Glanbia Performance Nutrition, Inc
- The Archer-Daniels-Midland Company
- ARKOPHARMA Laboratories, Limited Company
- Bionova Lifesciences Pvt Ltd
For more information on this report, visit https://www.researchandmarkets.com/r/q5zuw3
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210804005681/en/
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INDUSTRY KEYWORD: CONDITIONING AND NUTRITION HEALTH
SOURCE: Research and markets
Copyright Business Wire 2021.
PUB: 04/08/21 08:55 / DISC: 04/08/21 08:55