Vitamins & Minerals Dietary Supplements to Lead UAE Dietary Supplements Market through 2023
Rising
health concerns associated with obesity and various other lifestyle related
disorders, and rising millennial population to propel growth in UAE dietary
supplements market through 2023
According to TechSci
Research report, “UAE
Dietary Supplements Market By Type, By Sales Channel, Competition Forecast
& Opportunities, 2013–2023”, UAE dietary supplements market is
projected to cross $139 million by 2023. Growth in the market can be attributed
to increasing awareness regarding health supplements across the country, increasingly
stressful & hectic lifestyle and rising cases of lifestyle diseases. Moreover,
increasing number of gyms and fitness clubs and rising concerns regarding health
issues among women are expected to further drive demand for dietary supplements
across UAE in the coming years. Hectic schedules often lead people to miss their
proper diets and thus, to compensate for the deficiency, a rising number of individuals
in the country are shifting towards dietary supplements.
Browse 44 market data
Figures and 11 Tables spread through 91 Pages and an in-depth TOC on "UAE
Dietary Supplement Market"
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Bayer
Middle East L.L.C was the leading
player in the UAE dietary supplements market in 2017, followed by Pfizer International Corporation and Vitabiotics
Ltd. Among sales channels, Pharmacies/drug stores/other speciality stores segment
dominated the UAE dietary supplements market in 2017 with over 80% of value share,
and the same trend is likely to continue during the forecast period as well. However,
with rising disposable income and
busy lifestyles, consumers are exploring convenient shopping options, and are consequently
getting inclined towards online purchase of products. Dubai, with a market
share of well over 40%, emerged as the largest revenue contributor in the UAE
dietary supplements market in 2017.
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As
per a recent Voice of Customer survey by TechSci Research, vitamins and
minerals dietary supplements, with a majority value share in the market, came
across as the most preferred product type in the UAE dietary supplements
market. Brand awareness and labelling turned out to be the most influential
factors for purchase decisions of dietary supplements in the UAE. “The government of UAE is increasingly focusing
towards the health of individuals and spending enormously in healthcare sector.
It frequently launches campaigns to create awareness among people about healthy
and balanced eating habits and benefits associated with it, consequently aiding
the growth of dietary supplements market in UAE.
Moreover, rapid growth in obese population resulting in increased adoption of
gyms and fitness clubs along with rising penetration of social media would further
steer growth in UAE dietary supplements market over the next five years.”
said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“UAE Dietary Supplements Market By Type, By Sales Channel, Competition
Forecast & Opportunities, 2013–2023” has evaluated the future growth potential of UAE dietary supplements market
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 decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities present in the UAE dietary supplements market.
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