GCC Nutraceuticals

GCC Nutraceuticals Market Research Report: Forecast (2022-2027)

By Product Type (Dietary Supplements (Proteins & Peptides, Vitamins & Minerals, Herbals {Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals}, Others {Fatty Acids and Fiber}), Functi Read more

  • Food & Beverages
  • Aug 2022
  • 178
  • FB55016

Market Definition

Nutraceuticals are elements with physiological perks and capabilities to protect from chronic diseases. These products are derived from food sources comprising both nutrition & medicinal abilities and can improve overall health, delay aging, extend life expectancy, and even support the structure & functioning of the body. Based on these aspects, nutraceuticals are also extensively used in the prevention & treatment of mental health issues & disorders among people and gaining swift traction across different countries in the GCC.

Market Insights

The GCC Nutraceuticals Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2022-27. The market growth is driven by the growing awareness among people about the need to keep balanced health, demonstrating a higher consumer preference for functional foods & supplements like nutraceuticals. In addition, active lifestyle and modern-day issues like obesity & diabetes due to improved lifestyle eating habits are also demonstrating an upsurge in the demand for nutraceuticals across the GCC.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 9%
Country Covered UAE, Saudi Arabia, Bahrain, Oman, Qatar, Kuwait
Key Companies Profiled Pfizer Inc, Bayer AG, Vitabiotics Ltd, Perrigo Company PLC, Nestlé SA, Danone, BASF S.A., PepsiCo Inc, General Mills, Almarai Co Ltd
Unit Denominations USD Million/Billion

 

In the same view, increasing the utilization of these elements in diet to address & treat cardiovascular disorders & malnutrition is another prominent aspect stimulating the industry. It, in turn, is also generating growth opportunities for the leading players to increase their production & distribution capacities to cater to the burgeoning demands throughout GCC.

Besides, skyrocketing healthcare costs and the mounting geriatric population shall also demonstrate a higher inclination toward functional food & supplements like nutraceuticals to fulfill the unmet nutrient needs in the body. Such changes in the consumer's attitude toward these foods to attain health & wellness benefits like improved bowel movements, cleansing of internal organs, higher retention & passage of nutrients into cells, enhanced blood clotting, and other functions, are positively influencing the overall market growth across GCC.

Moreover, as people are increasingly consuming herbal medicines to mitigate the use of conventional drugs, the demand for nutraceuticals is set to rise and boost market expansion and also generate lucrative opportunities for the platers through 2027.

Key Trends in the GCC Nutraceuticals Market

  • Personalization of Nutraceuticals 

As people are becoming more aware of the availability & perks of nutraceuticals on health, trends like customization & personalization of these elements are gaining swift popularity. People are propelling the demand for nutraceuticals designed particularly to cater to their health and fulfill all their unmet needs. Additionally, many consumers are also showing interest in customized offerings, including supplements, diet, & exercise. Moreover, as nutritional supplements are emerging as a crucial intervention in prognostic & proactive health, their demand & acceptance across the GCC shall support a steady growth of the nutraceuticals market in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on GCC Nutraceuticals Market
  5. GCC Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
        1. Dietary Supplements
          1. Proteins & Peptides
          2. Vitamins & Minerals
          3. Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals)
          4.  Others (Fatty Acids and Fiber)
        2. Functional Foods
          1. Probiotics Fortified Food
          2. Omega Fatty Acid Fortified Food
          3. Branded Ionized Salt
          4. Branded Wheat Flour
          5. Other
        3. Functional Beverages
          1. Fruit & Vegetable Juices and Drinks
          2. Dairy & Dairy Alternative Drinks
          3. Non-Carbonated Drinks (Bottled Water, Tea, And Coffee)
          4. Other (Herbal Tea, Sports Drinks, And Energy Drinks)
      2. By Source
        1. Plant
        2. Animal
        3. Microbial
      3. By Form
        1. Capsules
        2. Tablets, & Soft gels
        3. Powder and Liquid & Gummies
      4. By Distribution Channel
        1. Store-Based
          1. Supermarkets & Hypermarkets
          2. Specialty Stores
          3. Others
        2. Non-Store-Based
      5. By Country
        1. UAE
        2. Saudi Arabia
        3. Bahrain
        4. Oman
        5. Qatar
        6. Kuwait
      6. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  6. UAE Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Source
      3. By Form
      4. By Distribution Channel
  7. Saudi Arabia Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Source
      3. By Form
      4. By Distribution Channel
  8. Bahrain Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Source
      3. By Form
      4. By Distribution Channel
  9. Oman Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Source
      3. By Form
      4. By Distribution Channel
  10. Qatar Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Source
      3. By Form
      4. By Distribution Channel
  11. Kuwait Nutraceuticals Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Source
      3. By Form
      4. By Distribution Channel
  12. GCC Nutraceuticals Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  13. GCC Nutraceuticals Market Policies, Regulations, Product Standards
  14. GCC Nutraceuticals Market Trends & Insights
  15. GCC Nutraceuticals Market Hotspot & Opportunities
  16. GCC Nutraceuticals Market Key Strategic Imperatives for Success & Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Research & Development
      4. Strategic Alliances
      5. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
      1. Pfizer Inc
      2. Bayer AG
      3. Vitabiotics Ltd
      4. Perrigo Company PLC
      5. Nestlé SA
      6. Danone
      7. BASF S.A.
      8. PepsiCo Inc
      9. General Mills
      10. Almarai Co Ltd
  18. Disclaimer
GCC Nutraceuticals Market Segmentation
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