Saudi Arabia Dietary Supplements Market to Register a CAGR of 7.07% and Reach USD 382.82 Million by 2028
Rising health consciousness,
increasing prevalence of chronic diseases, and changing dietary habits drive Saudi Arabia Dietary Supplements Market in the
forecast period 2024-2028
According to
TechSci Research report, “Saudi Arabia Dietary
Supplements Market- Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028F”, Saudi
Arabia Dietary Supplements Market Size is expected to register a CAGR of 7.07% and reach USD
382.82 million by 2028. The key drivers of growth in the Saudi Arabia dietary
supplements market are the increasing prevalence of chronic diseases such as
diabetes, heart disease, and obesity. As people seek to manage these
conditions, they are turning to dietary supplements to enrich their diets and
maintain their overall health. In addition, the Saudi Arabia government has
launched several initiatives aimed at promoting healthy lifestyles and
combating chronic diseases. These initiatives include awareness campaigns,
regulations on unhealthy foods, and the promotion of physical activity.
Furthermore,
the lack of regulation and consumer awareness is the key reason hampering the
market growth. One of the biggest challenges facing Saudi Arabia dietary
supplement market is the lack of consumer awareness. Many people in Saudi
Arabia are not familiar with dietary supplements or their potential benefits.
This lack of awareness can make it difficult for companies to market their
products and for consumers to make informed decisions about which supplements
they need to consume. Apart from these, high cost of dietary supplements, and
limited availability of dietary supplements are other reasons impending the Dietary
Supplements market.
Browse over 40 market data Figures
spread through 117 Pages and an in-depth TOC on the "Saudi Arabia Dietary Supplements Market”
Saudi Arabia Dietary Supplements market
is segmented into product type, form, distribution channel, application, and
end user.
Based on product type, the market is categorized into combination dietary supplement, vitamin, herbal
supplement, fish oil & omega fatty acid, protein, and others. Vitamins
dominated the market with an overall market share of 35.83% and is expected to
hold the largest market share of in the forecast period. Vitamins are essential
nutrients that the body needs to function properly, and they cannot be
synthesized by the body in sufficient quantities. As a result, many people may
not be getting enough vitamins from their diet alone, and taking a vitamin
supplement can help ensure that they meet their daily recommended intake.
Secondly, there is a growing interest in using natural and alternative remedies
for health and wellness, and vitamins are a key component of many natural and
alternative health practices. As people become more health-conscious and seek
out natural ways to improve their health, the demand for vitamin supplements is
likely to continue growing.
Based on
form, the market is distributed into tablets, capsules, powder, liquids, and
soft gels. Capsules segment held the largest market share of 33.70%. Capsules
are a convenient and easy-to-use format for taking dietary supplements. They
are small, portable, and can be easily swallowed with water or another
beverage. Secondly, capsules are a versatile format that can be used to deliver
a wide range of dietary supplements, including vitamins, minerals, herbal
extracts, and other nutritional ingredients. This makes them a popular choice
among manufacturers and consumers alike. Capsules are a cost-effective way to
produce and package dietary supplements. They can be manufactured in large
quantities using automated machinery, which helps to keep production costs low
and allows manufacturers to offer their products at competitive prices.
Based on
distribution channel, the market is distributed into pharmacies and drug
stores, supermarkets and hypermarkets, online and others. Pharmacies and drug
stores carry a wide range of dietary supplements, dominating a significant
portion of the dietary supplement market. This is because these stores are
often trusted sources for health-related products and services, and many
consumers look to them for advice on which supplements to take. Additionally,
pharmacies and drug stores have established relationships with suppliers and
manufacturers of dietary supplements, which allows them to offer a diverse
range of products at competitive prices. They also have the advantage of being
able to offer prescription medications alongside dietary supplements, which can
be convenient for customers who need both.
Major
companies operating in the Saudi Arabia Dietary Supplements Market are:
- Pfizer Saudi
Limited
- Abbott Saudi
Arabia Trading LLC
- Bayer Saudi
Arabia, LLC
- Nestlé S.A.
(Al Muhaidib Group)
- Procter
& Gamble Company (Abudawood Group)
- Applied
Nutrition Ltd. (AmCan International Group, Inc)
- Glanbia
Performance Nutrition, Inc. (Amcan International Group)
- ARKOPHARMA
Laboratories Co. Ltd. (Bashir Skakib Al – Jabri & Co. Ltd.)
- Vitabalans
Oy
- Vytalogy
wellness
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“Saudi
Arabia Dietary Supplements Market is expected to grow at the highest rate
during the forecast period. Consumers are increasingly looking for natural and
organic products that are free from artificial ingredients and allergens. To
tap into the growing demand, both local and international companies are
expanding their product offerings and investing in research and development to
develop innovative and effective supplements that cater to the specific needs
of Saudi consumers. E-commerce platforms are also becoming popular channels for
consumers to purchase dietary supplements, making it easier for consumers to
access a wide range of products. These trends lead to increase in demand of Dietary Supplements in
the Saudi Arabia market.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
Saudi Arabia Dietary Supplements Market, By Product
Type (Vitamin, Combination Dietary Supplement, Protein, Herbal Supplement, Fish
Oil & Omega Fatty Acid, and Others), By Form (Capsules, Tablets, Powder,
Soft Gels, Liquid), By Distribution Channel (Pharmacies and Drug Stores,
Online, Supermarkets and Hypermarkets, and Others), By Application (Immunity,
General Health, Energy & Weight Management, Bone & Joint Health, and
Others), By End User (Adults, Geriatric, Pregnant Females, Children, Infants),
By Region, Competition, Forecast & Opportunities, 2028F,
has evaluated the
future growth potential of Saudi Arabia dietary supplements market and provides statistics &
information on market size, structure, and future market growth. The report
intends 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 in Saudi Arabia Dietary Supplements Market.”
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