UAE Dietary Supplements Market is expected to be Grow with a CAGR of 7.51% and reach USD 193.96 million by 2028
Rising
awareness of dietary Supplements among consumers is expected to drive the UAE
Dietary Supplements Market in the forecast period, 2024-2028.
According
to TechSci Research report, “UAE Dietary Supplements Market - By
Country, Competition, Forecast and Opportunities, 2028”, the UAE Dietary
Supplements Market is anticipated to grow at the CAGR of 7.51% in the forecast
period, 2024-2028, and reach to USD 193.96 million in 2028. This can be
ascribed to the rising trend towards consumption of supplements to improve and
holistic approach of lifestyle. With an adult population, there is an
increasing demand for dietary supplements due to an increase in life and diet
related diseases such as cancer, cardiovascular diseases, and diabetes.
Additionally, for some people, taking Supplements is a convenient way to get
the nutrients they need. Dietary supplements are helpful for those with busy
schedules or struggling to eat a balanced diet. Besides, the UAE government has
implemented various initiatives aimed at improving the efficacy and safety of
dietary products, which is driving the growth of the UAE Dietary Supplements
Market. Furthermore, growing healthcare cost in the region surges the demand
for dietary supplements, thus, in turn is expected to bolster the growth of the
market in the coming five years. According to the Northwest Clinic, the
average cost for treatment in clinic at UAE is estimated to be 81.69 USD, which
costs relatively high for the migrated labor.
However,
many dietary supplements make health claims that are not backed by scientific
evidence which are expected to slow down the growth of the UAE dietary
supplements market. Besides, the widespread use of dietary supplements, there
are several consumers which are skeptical about their safety and effectiveness.
This can make it difficult for companies to market their products and gain
consumer trust, thus, in turn, may hamper the growth of the UAE Dietary
Supplements Market.
Browse over 40 Market
Data Figures spread through 114 Pages and an in-depth TOC on "UAE Dietary Supplements Market”
UAE Dietary Supplements Market is segmented into product type, form,
distribution channel, application, end user, region, and company.
Based
on product type, the UAE Dietary Supplements Market is divided into vitamin,
combination dietary supplement, herbal supplements, fish oil & omega fatty
acid, protein, and other. Among which, vitamins dietary supplement dominated
the UAE Dietary Supplements Market by holding 34.08% of the market share. This
is attributed to the convenience, growing health and wellness trends, and
others.
Based
on form, the UAE Dietary Supplements Market is categorized into tablets,
capsules, powder, liquids, and soft gels. The capsules segment is expected to
dominate the growth of the market and hold 29.57% of the market share in 2022.
This is attributed to the ease of storage and consumption, higher shelf life,
and easy packaging.
Based
on distribution channel, the UAE Dietary Supplements Market is categorized into
pharmacies and drug stores, supermarkets and hypermarkets, online, and others.
The online segment is expected to be the fastest growing segment for the period
2024-28. This is due to the ease in availability, wider selection of products,
etc.
Based
on application, the UAE Dietary Supplements Market is categorized into energy
& weight management, general health, bone & joint health, immunity, and
others. The general health segment is expected to grow at a significant rate
and occupy 28.26% of market share in 2022. This is ascribed to the growing
aging population, increased awareness of the importance of bone and joint
health, as well as education about the benefits of supplements, and others.
Based
on end user, the UAE dietary Supplements market is categorized into infants,
children, adults, pregnant females, and geriatric. The adult segment is
expected to dominate the growth of the UAE Dietary Supplement Market in 2022.
This is attributed to the increasing popularity of gyms, growing health
concerns, growing awareness, rising instances of vitamin deficiencies, etc.
Major
companies operating in UAE Dietary Supplements Market are:
·
Bayer
Middle East L.L.C
·
Nestlé
S.A. (Nestlé UAE LLC)
·
Vitabiotics
Ltd. (New Country Healthcare LLC).
·
NOW
Health Group, Inc. (New Country Healthcare LLC).
·
Haleon
Plc.
·
Iovate
Health Sciences International Inc. (Amcan International Group)
·
Gulf
Pharmaceutical Industries P.S.C. (JULPHAR)
·
Glanbia
Performance Nutrition, Inc. (Amcan International Group)
·
Ambrosial
Nutrifood Ltd
·
Abbott
laboratories S.A.
Company
that offers dietary supplement in UAE need to follow consumer products safety
section published by Health & Public Safety Department, UAE. In safety
section, some of the rules, certificate or license that need to be addressed by
companies are:
· The
Forest Stewardship Council (FSC):
Copy of notarized free sale certificate
· Label
that mentioned colored clear copy of Artwork mentions the country of
origin “Made in or Manufactured by”; “Made for” only is not accepted.
· A
certificate signed and stamped Certificate of Analysis (COA).
· Signed
and stamped Certificate of composition/Ingredient Report that
mentions the present active and inactive ingredients.
· Halal
certificate (attested
from Islamic Entity)
· Good
Manufacturing Practice (GMP) Certification by manufacture site/ Supplier GMP (or any equivalent
quality documents/declaration).
Relationship
declaration: Any
document that comes from third party supplier/ outsourcing should enclose a
signed and stamped relationship letter from the marketing authorized holder.
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“Dubai
region is expected to dominate the UAE Dietary Supplements Market by holding
41% of the market share in the forecast period. This is attributed to the
increasing working-class population & busy lifestyle. Besides, the changing
lifestyle is one of the contributing factors for the growth of the market in
the region. The government in Dubai is supportive of the healthcare industry,
and has implemented policies and initiatives to encourage growth in the sector,
including the Dietary Supplement Market. Also, the population in Dubai is more
health-conscious, thereby supporting the growth of UAE Dietary Supplements
Market” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“UAE
Dietary Supplements Market By Product Type, (Vitamin, Combination Dietary
Supplement, Herbal Supplement, Fish Oil & Omega Fatty Acid, Protein, and
Other), 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, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth
potential of UAE 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 UAE Dietary Supplements Market.
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