The Saudi Arabia Nutraceuticals Market Size, Share, and overview research report forecast 2022-2027 offers a comprehensive overview of the market, including current trends and forecast growth in terms of service and products. The reader may use this information to better understand the market under consideration's quantitative growth elements. This research focuses on crucial market growth indicators and examines revenue development, value chain analysis, and geography studies in great detail.
To get a competitive edge in the industry, top suppliers are focusing on providing high-quality, economical, and new technologies employing existing materials. Leading producers compete in terms of price, quality, design, and aftermarket support. The competition is increasing and getting better thanks to technological know-how and investments made through partnerships and agreements.
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The study's objective was to:
- Market size by major regions/nations and other study segments are taken into account and analysed.
- A better comprehension of market structure.
- Identifies, portrays, and examines Market Players to determine value, share, the competitive landscape, SWOT analysis, and future development strategies.
- To assess the market's particular growth trends, potential, and overall commitment.
- To convey in-depth information about the major market growth influences (growth potential, industry-specific challenges, and risks).
- To assess the market's size in relation to important regions and the relevant main countries.
- To assess market developments for competitive analysis, such as market growth, partnerships, new product introductions, and acquisitions.
Market Dynamics
Key Driver: Burgeoning Lifestyle-based Diseases to Lead the Demand for Nutraceuticals
Saudi Arabia is one of the high-income economies in the Middle East region, with high consumption of packaged food beverages. However, the consumption of packaged foods and luxury lifestyles, combined with decreased physical activity, has resulted in a significant portion of the population suffering from ailments such as obesity, hypertension, diabetes, etc. According to World Health Organization, the total percentage of the obese population under the age of 15 years was over 70% in the Kingdom of Saudi Arabia.
Similarly, the elder-age population in Saudi Arabia also has a high-risk potential for cardiovascular diseases. According to a Saudi Health Ministry survey, 37% of the deaths in the country are caused due to cardiovascular diseases. These are a few of the key reasons that have pushed the consumers in the region to adopt healthy food practices nutraceuticals to curb the diseases in the young- middle-aged population. In addition, as nutraceutical supplements their addition to various foods beverages prevent lifestyle diseases by reducing the deficiency of nutrients, the Nutraceuticals market in Saudi Arabia has grown steadily over the period 2017-2021, and is also expected to grow further during the forecast period.
Competitively in the Saudi Arabia Nutraceuticals Market:
To create superior business plans and obtain a competitive advantage, it is essential to consider historical firm performance, basic operational techniques, and the product and service portfolio. This research provides an in-depth analysis of the leading players in the worldwide Saudi Arabia Nutraceuticals market historical firm performance, basic operational techniques, and the product and service portfolio. These businesses have engaged in a number of joint ventures, collaborations, mergers, and acquisitions in order to forge a strong position in the market:
Top Companies of Saudi Arabia Nutraceuticals Market
-Pfizer Inc
-Bayer AG
-Vitabiotics Ltd
-Nestlé SA
-Danone
-BASF S.A.
-PepsiCo Inc
-General Mills
-Natures Way
-Abbott Nutrition
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Important Saudi Arabia Nutraceuticals Market Segmentation
The market segmentation section explains segments to readers. The report outlines their historical development as well as the future course they will probably take. In-depth details on new trends that may influence these segments' future are also included. In addition to providing projections for 2022-2027 at the global, regional, and national levels, the report looks at important trends in each sub segment of the worldwide market.
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
--Others
-Functional Beverages
--Fruit Vegetable Juices and Drinks
--Dairy Dairy Alternative Drinks
--Non-Carbonated Drinks (Bottled Water, Tea, And Coffee)
--Other (Herbal Tea, Sports Drinks, And Energy Drinks)
By Source
-Plant
-Animal
-Microbial
By Form
-Tablets Capsules
-Gummies Soft Gels
-Powder Liquid
By Sales Channel
-Offline Store-Based
--Supermarkets Hypermarkets
--Specialty Stores
-Online
By Region
-Central
-West
-East
-South
Important Concerns Addressed in This Saudi Arabia Nutraceuticals Market Report:
- How has the worldwide Saudi Arabia Nutraceuticals Market performed thus far, and how will it fare in the years to come?
- What effect did COVID-19 have on the market?
- Which geographical markets are most crucial?
- How does the market division appear?
- What are the various steps in the industry's value chain?
- What are the industry's primary driving forces and obstacles?
- How is the Saudi Arabia Nutraceuticals Market structured globally, and who are the key players?
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