According to a new study by MarkNtel Advisors, the Saudi Arabia Dietary Supplements Market is likely to grow at a CAGR of 8% in the forecast period of 2021-26. The market growth primarily attributes to the mounting consumer focus towards health with a proactive approach to the prevention & treatment of potential diseases. In addition to this, supplements help in increasing performance and achieving aesthetic goals.
Therefore, snowballing popularity of bodybuilding, fitness, and specialized sports augments the demand for dietary supplements among the younger age group, i.e., between 20 to 40 years. The burgeoning consumption of these supplements has simultaneously led to a surge in branding & sale of unauthorized products in the market, which is the biggest challenge for genuine manufacturers. Hence, the aspect cited above could hamper the overall market growth during the forecast years, further states the research report, “Saudi Arabia Dietary Supplements Market Analysis, 2021.”
Energy & Weight Management Captured Largest Share of Saudi Arabia Dietary Supplements Market
Based on the Application, the market bifurcates into Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, and Anti-Cancer. Of them all, the Energy & Weight Management application accounted for the largest market share in the previous few years. It owes to the internet & smartphone penetration making the easy availability of information, online weight loss programs, and programs for healthy food habits on websites & portals of international players in the healthcare sector. In addition to this, the surging rate of obesity, which further causes health problems like joint pain & heart diseases, is likely to fuel the segment growth.
Adults Dominated the Saudi Arabia Dietary Supplements Market with the Largest Share
Based on the End-User, the market bifurcates into Adults, Geriatric, Pregnant Women, Children, and Infants. Of them all, Adults held the largest share of the Saudi Arabia Dietary Supplements Market in the previous few years. It owes to the rising awareness regarding fat reduction, coupled with increasing health concerns among consumers. Additionally, hectic work schedules and lifestyle changes leading to the surging prevalence of obesity, cardiovascular diseases, diabetes, and other related conditions among adults are also propelling the demand for dietary supplements, reveals MarkNtel Advisors in their research report, “Saudi Arabia Dietary Supplements Market Analysis, 2021.”
Key Market Competitors:
According to MarkNtel Advisors, the leading industry players in the Saudi Arabia Dietary Supplements Market are 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, Company Limited, Bionova Lifesciences Pvt. Ltd.
Key Questions Answered in the Study