Market Definition
Nutraceutical products are non-specific biological therapies that are used to promote general well-being, control symptoms, and prevent malignant processes. It provides medical or health benefits, including the prevention & treatment of disease. The UAE has a high prevalence of lifestyle-based diseases due to excessive consumption of packaged food and a sedentary lifestyle due to which the demand for nutraceuticals in the form of fortified functional food & beverages among the consumers has increased during the historical period.
Market Insights
The UAE Nutraceuticals Market is projected to grow at a CAGR of around 6.96% during the forecast period, i.e., 2022-27. The UAE Nutraceuticals market grew significantly during the historical years, on account of the rising adoption of a sedentary lifestyle and improper & unhealthy diet, along with widespread obesity & diabetes among the consumers in the region. According to International Diabetes Federation, the country had the world’s highest prevalence rates of diabetes as of 2019. Moreover, the increasing health consciousness & rising number of nutritionists & wellness coaches in the country positively impacted the nutraceuticals market growth from 2017 to 2021. In addition, the growing number of large-scale gyms & wellness centers have supported the stipulation of nutraceuticals in the UAE.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2017-20 |
| Base Year: 2021 | |
| Forecast Period: 2022-27 | |
| CAGR (2022-2027) |
6.96% |
| Region Covered | Dubai, Al Ain & Abu Dhabi, Sharjah & Northern Emirates |
| Key Companies Profiled | Pfizer Inc., Bayer Middle East FZE, Vitabiotics Ltd., Nestlé UAE L.L.C., Danone, BASF FZE, PepsiCo Inc., General Mills Inc., Nature's Way Products, LLC., Abbott Laboratories S.A., Others |
| Unit Denominations | USD Million/Billion |
Additionally, the UAE government has been promoting health & wellness since historical times in order to educate consumers about the growing prevalence of chronic health issues related to lifestyles. As of 2018, the UAE Ministry of Cabinet Affairs announced three national initiatives, such as the UAE Wellbeing Model for Residential Communities, Community Wellbeing Nutrition Program, and Community Program for Active Lifestyle, which encourage community members to exercise & adopt healthy eating habits.
Furthermore, the rising geriatric population, government initiatives to promote health & wellness, and increasing focus on pediatric nutrition are some of the other reasons that fueled the nutraceuticals market growth in the UAE. Hence, it is expected that the higher disposable income & rising awareness of nutraceuticals among consumers would further accelerate the UAE Nutraceuticals market in the forecast years.
Key Trends in the Market
Nutraceutical for infant diet is a new trend that has gained traction in the UAE. The prevention of gastrointestinal diseases among consumers has increased the adoption of nutraceutical supplements & other functional food. In addition to the many kinds of probiotic supplements for children, such as Carrefour kids drinking yogurt, a large amount of protein & other dietary supplements are obtained, further supporting the metabolism of the end-user in order to fight against several acute & chronic conditions. Moreover, the introduction of infant probiotic supplements products such as BioGaia Protectis probiotics drops Synergy Infabiol infant probiotic drops, Calmco probiotic drops, etc., by the companies into the market would have an impact on the market growth in the coming years.
Impact of Covid-19 on the UAE Nutraceuticals Market
Following the onset of COVID-19, the demand for nutraceuticals, including multivitamin tablets, zinc supplements, omega-3 supplements, children's gummies, etc., grew substantially, as a result of the growing concern among the population of the UAE to boost immunity. Moreover, increasing awareness about the benefits of consuming nutraceuticals to prevent Coronavirus infection helped boost growth in the UAE Nutraceuticals market. Besides, pharmacies reported massive sales of dietary supplements in March 2020, owing to increased consumption among consumers in response to immunity-boosting concerns.
Furthermore, the spread of COVID-19 in the UAE has increased the consumption of sleep & relaxation supplements in the post-COVID-19 scenario due to consumers feeling stressed & anxious. Therefore, the inclination & rising focus toward improving immunity are anticipated to upsurge the consumption of nutraceuticals in the UAE in the forthcoming years, thereby driving the UAE Nutraceutical market
