Press Release Description

Health Consciousness Among People Curating Fundamentals Underlying Dynamics of GCC Nutraceuticals Market

The GCC Nutraceuticals Market is projected to grow at a CAGR of 9% in the forecast period of 2022-27, cites MarkNtel Advisors in their recent research report. The market growth attributes to the widespread awareness among people about the essential need to keep balanced health entwined with the easy availability of nutraceuticals, demonstrating a higher consumer preference for such functional foods & supplements.

Besides, active lifestyles & escalating prevalence of modern-day issues like obesity & diabetes due to changing lifestyles & eating habits are also propelling demand for nutraceuticals across different countries in the region.

Moreover, increasing utilization of nutraceuticals in diet to address & treat cardiovascular disorders & malnutrition is also stimulating the industry expansion. It, in turn, is generating growth opportunities for the leading players to increase their production & distribution capacities & cater to the burgeoning demands, further states the research report, “GCC Nutraceuticals Market Analysis, 2022.”

Increasing Indulgence in Athletic Activities Boosting Functional Beverages & Stimulating the Market

Based on the Product Type, Function Beverages are anticipated to make a significant contribution to the growth of the GCC Nutraceuticals Market during the forecast period. Among all the varieties of these beverages, Sports Drinks are anticipated to gain swift popularity & generate lucrative opportunities for the players in the future. This growth pace attributes to the increasing health consciousness among people and their inclination toward sports activities to keep their bodies fit & active.

The same aspect is also augmenting the demand for sports drinks, particularly among athletes & individuals involved in energetic physical activities, demonstrating a high demand for nutraceuticals. Hence, functional drinks are set to make a substantial contribution to the GCC Nutraceuticals Market and gain momentum in the region during the forecast period.

High Prevalence of Chronic Diseases in Saudi Arabia Driving the Market

On the geographical front, Saudi Arabia dominated the GCC Nutraceuticals Market with the largest in the previous years and is anticipated to prevail in its dominance during the forecast period. Here, the market is driven by the growing cases of health conditions like obesity & hypertension among people, demonstrating a peaking registration of patients.

This aspect is boosting the demand for nutraceuticals to boost immunity and treat such health issues in people. It, in turn, is generating lucrative growth opportunities for the leading players to increase their production & distribution capacities and cater to the burgeoning demands throughout Saudi Arabia. Moreover, as more and more people are becoming aware of the availability & perks of nutraceuticals, their propelling need to maintain good health is boosting its demand across the country & driving the market throughout Saudi Arabia.

Competitive Landscape

The leading players in the GCC Nutraceuticals Market are Pfizer Inc., Bayer AG., Vitabiotics Ltd., Perrigo Company PLC., Nestlé SA., Danone, BASF SA., PepsiCo Inc., General Mills, & Almarai Co Ltd, among others.

Key Questions Answered in the Research Report

  1. What are the current & future trends in the GCC Nutraceuticals Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across GCC, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the GCC Nutraceuticals Market?
  5. What are the customer orientation, purchase behavior, & expectations from nutraceutical manufacturers across GCC?

Market Segmentation:

  1. 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), Functional Beverages (Fruit & Vegetable Juices & Drinks, Dairy & Dairy Alternative Drinks, Non-Carbonated Drinks (Bottled Water, Tea, And Coffee), Other (Herbal Tea, Sports Drinks, And Energy Drinks))
  2. By Source (Plant, Animal, Microbial)
  3. By Form (Capsules, Tablets, & Soft gels, Powder and Liquid & Gummies)
  4. By Distribution Channel (Store-Based (Supermarkets & Hypermarkets, Specialty Stores), Non-Store-Based)
  5. By Country (UAE, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait)