Whey Protein Isolate to Lead UAE Whey Protein Powder Market through 2023
Increasing number of sports- and
fitness-inclined consumers, rising influence of westernization and growing
interest of young generation towards bodybuilding to drive UAE whey protein
powder market through 2023
According to TechSci
Research report, “UAE Whey Protein Powder Market By Type, By Distribution Channel, Competition Forecast &
Opportunities, 2013 – 2023”,
whey protein powder market in the UAE is forecast to register a CAGR of more
than 7%, in value terms, during 2018-2023. Increasing inclination of Emiratis
towards fitness centers and gyms, growing westernization, and rising trend of
endurance sports activities and joining health centers among young people are
the key factors expected to boost demand for whey protein powder in the country
during forecast period. Additionally, whey protein providers are focusing on aggressive
promotional & branding activities, which in turn, is anticipated to aid the
market in coming years.
Browse 30
market data Figures and Tables spread through 79 Pages and an in-depth TOC on"UAE
Whey Protein Powder Market"
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According to the World Bank, the number
of internet users in the UAE has grown at a robust pace over the past years,
accounting for 90.6% of the total population of the country in 2016 from 78% of
the total population in 2011. The growth indicates high growth prospects for
online sales channel in the UAE whey protein powder market. Dubai holds the
largest market share, on the back of high population density of the region as
well as the presence of affluent and fitness conscious consumers. The region’s
whey protein powder market is also likely to be driven by booming young population,
growing disposable income and increasing number of men as well as women
athletes in Dubai.
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“Whey
protein powder market in the UAE is at its nascent stage and is showing huge growth
prospects. The market, which is majorly import driven, is inundated with
international brands such as Optimum Nutrition, MusclePharm, etc., which are focusing
on consumers aiming for optimum physique and lifestyle. All these factors are
expected to result in signification growth in consumption of whey protein
powder in the country in the ensuing years.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“UAE
Whey Protein Powder Market By Type, By Distribution Channel, Competition
Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of whey protein powder
market in the UAE and provides statistics and information on market structure,
size, share and trends. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in the UAE whey protein
powder market.
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