Saudi Arabia Dietary Supplements Market to Grow at a CAGR of over 8% till 2026F
Changing
lifestyle, increasing product innovation, health campaign initiatives by the
government, increasing disposable income, etc. are expected to drive the dietary
supplements market in Saudi Arabia.
According to TechSci Research report, “Saudi
Arabia Dietary Supplements Market, By Product Type, (Combination Dietary Supplement, Vitamin, Herbal
Supplement, Fish Oil & Omega Fatty Acid, Protein, Others), By Form (Tablets,
Capsules, Powder, Liquids and Soft Gels), By Distribution Channel (Pharmacies and Drug Stores, Supermarkets and Hypermarkets,
Online and Others), By Application (Energy & Weight Management, General
Health, Bone & Joint Health, Immunity and Others), By End User (Infants,
Children, Adults, Pregnant Females, Geriatric) By Region, Competition, Forecast & Opportunities,
2026F”, the Saudi Arabia dietary supplements market
has expanded rapidly in recent years and is expected to grow at a CAGR of more
than 8% and expand further in the coming years as a result of rising urbanization
and disposable income. Over the forecast period, increasing consumer awareness
about personal health and wellbeing is expected to be a key factor driving the
market for dietary supplements in Saudi Arabia. Furthermore, the growing
working-class population is increasing the consumption of dietary supplements
as a result of the lower consumption of meals during office hours. Furthermore,
youth population combined with an aging population are the primary consumers,
which may present opportunities for key players in the Saudi Arabia dietary
supplements industry. Furthermore, rising healthcare cost is also contributing
to the increase in demand for dietary supplements across the country.
Consumers' increased awareness of the importance of healthy eating
habits, a growing middle-class population, and a shift in consumer purchasing
patterns are all driving the Saudi Arabia dietary supplements market forward.
Furthermore, the Saudi dietary supplement industry is being fueled by rising
disposable income and urbanization. Growing consumer
health concerns, such as the prevalence of cardiovascular disease and obesity,
are driving demand for dietary supplements in Saudi Arabia.
Dietary supplements are critical in the fight against malnutrition, a
problem that obese and overweight people in Saudi Arabia face as a result of
poor eating habits. Nutritional and vitamin supplements are widely available
and do not require a prescription. Furthermore, with
the rise of the Saudi working class, obtaining all of the nutrients through a
well-balanced diet has become more difficult. People ordering dietary
supplements to meet their nutritional needs contributes to the growth of the
dietary supplement market in Saudi Arabia.
Browse 1 market data Table and 40 Figures spread
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Market"
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Dietary supplements
market in Saudi Arabia is categorized by product type, by form, by distribution
channel, by application, by end user, by region and by company. In terms of by product
type, the Saudi Arabia dietary supplements market is segmented into combination
dietary supplement, vitamin, protein, herbal supplement, fish oil & omega
fatty acid and others. Among which, combination dietary supplement market dominated
the Saudi Arabia dietary supplements market in 2020 with a market share of more
than 32% followed by vitamin. Vitamins and multivitamins are mostly consumed in
Saudi Arabia because of the multiple benefits such as maintaining good health
and compensating for poor eating habits and even reducing the risk of chronic
diseases.
In terms of distribution
channel, the Saudi Arabia dietary supplements market is segmented into pharmacies and drug stores, supermarkets and
hypermarkets, online and others. Among which, pharmacies and drug stores accounted
for the majority of market share in the Saudi Arabia dietary supplements market
and will continue to dominate the market in the forecast period. Online sales
channel is the fastest growing distribution channel in Saudi Arabia dietary
supplements market. The growth of online retail has made companies rethink
about their distribution strategy as it has majorly affected the direct selling
channel. Companies which earlier were following the direct selling model have
shifted their focus to online retail as it is a more cost-effective model.
In terms of
region, the Saudi Arabia dietary supplements market is categorized into Western,
Central, Southern, Eastern and Northern regions. The dietary supplements market
in the western region dominated the market in 2020 and will continue to
dominate in the forecast period, due to the factors such as increased internet
connectivity, modern and changing lifestyles and preferences, etc.
In terms of company,
some of the major players operating in the Saudi Arabia dietary supplements
market are Bayer Saudi Arabia, LLC, Amway Corp., Herbalife Nutrition Ltd.,
Abbott Saudi Arabia Trading LLC., Pfizer Saudi Limited and others. In 2020, Bayer
Saudi Arabia, LLC dominated the country’s Dietary Supplements market and is
expected to continue its dominance through 2026F. Leading players are focusing
on expanding their product portfolio to maintain sustainable growth in the
market.
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“Saudi Arabia dietary supplements market is expected to grow
at a rapid pace due to rising millennial working population, rising disposable
income & trusted manufacturers, rising healthcare expenditure, etc. Also,
due to changing customer tastes and preferences and growing demand for organic/ecological
products, the Saudi Arabia dietary supplements
market is expected to grow in the future as well”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Saudi Arabia Dietary Supplements Market, By Product Type,
(Combination Dietary Supplement, Vitamin,
Herbal Supplement, Fish Oil & Omega Fatty Acid, Protein and Others), By Form (Tablets,
Capsules, Powder, Liquids and Soft Gels), By Distribution Channel (Pharmacies
and Drug Stores, Supermarkets and Hypermarkets, Online and Others), By
Application (Energy & Weight Management, General Health, Bone & Joint
Health, Immunity and Others), By End User (Infants, Children, Adults, Pregnant
Females, Geriatric) By Region, Competition, Forecast & Opportunities, 2026F” has evaluated the
future growth potential of Saudi Arabia dietary supplements market and provides
statistics and information on market structure, consumer behavior 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 available in the Saudi Arabia dietary supplements
market.
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