Saudi
Arabia Dietary Supplements market is expected to register a CAGR of 7.07% and
reach USD 382.82 million by 2028. This can be attributed to various factors,
such as the increasing prevalence of lifestyle diseases, rising healthcare
costs, and the growing popularity of natural and organic products.
Saudi
Arabia is a country in the middle east known for its rich history, culture, and
economy. With a population of over 34 million people, it is also home to a
thriving dietary supplements market.
Dietary
supplements are products that are designed to supplement the diet and provide
additional nutrients, such as vitamins, minerals, and herbs. They come in
various forms, including capsules, tablets, powders, and liquids. The dietary
supplement market in Saudi Arabia has been growing steadily over the years,
driven by increasing health awareness and the desire for a healthy lifestyle.
Vitamins
and minerals are of the most popular types of dietary supplements in Saudi
Arabia. These products are designed to provide essential nutrients that may be
lacking in the diet. According to a statistics, vitamins and dietary
supplements accounted for 74% of the total market share in 2020. The statistics
also illustrated that vitamin D was the most popular vitamin supplement in
Saudi Arabia, followed by vitamin C and multivitamins. Herbal and traditional
supplements are also popular in Saudi Arabia, with a growing interest in
natural and organic products. These supplements are derived from plants and
herbs and are believed to have various health benefits. Some of the popular
herbal supplements in Saudi Arabia include black seed oil, ginger, garlic, and
turmeric. Protein supplements are also gaining popularity in Saudi Arabia,
especially among fitness enthusiasts and athletes. These supplements are
designed to help build muscle and improve athletic performance.
Increasing
Awareness About Lifestyle Diseases is Likely Fueling the Saudi Arabia Dietary
Supplement Market
The
increasing awareness about lifestyle diseases, such as obesity, diabetes, and
heart disease, among the population of Saudi Arabia, is likely to have a
significant impact on the dietary supplement market in the country. As people
become more health-conscious, they are increasingly turning to dietary supplements
to supplement their diets and maintain their overall health. This trend is
expected to drive growth in the dietary supplements market in Saudi Arabia.
At
the same time, the Saudi Arabia government has also launched several
initiatives to promote healthy lifestyles and combat lifestyle diseases. These
initiatives include awareness campaigns, regulations on unhealthy foods, and
the promotion of physical activity. Such efforts are likely to increase the
demand for dietary supplements that can help prevent or manage lifestyle
diseases. For example, supplements containing omega-3 fatty acids, vitamin D,
and probiotics have been shown to have a positive impact on heart health and
diabetes management. However, it is important to note that the dietary supplement
market in Saudi Arabia is regulated by the Saudi Food and Drug Authority
(SFDA), which has strict requirements for safety and efficacy. This means that
dietary supplement manufacturers will need to ensure that their products meet
these standards to gain market acceptance.
Therefore,
the increasing awareness about lifestyle diseases in Saudi Arabia is likely to
drive growth in the dietary supplement market, as consumers seek products that
can help them maintain their overall health and prevent disease. However,
dietary supplement manufacturers will need to meet the regulatory requirements
set by the SFDA to gain market acceptance.
Rising
Healthcare Cost Boosting Saudi Arabia Dietary Supplement Market
The
rising healthcare costs in Saudi Arabia are likely to have a significant impact
on the dietary supplement market in the country. As healthcare costs continue
to rise, people may seek out dietary supplements to prevent or manage health
conditions, potentially leading to increased demand for dietary supplements. One
of the key drivers of healthcare costs in Saudi Arabia is the increasing
prevalence of chronic diseases such as diabetes, heart disease, and obesity.
These conditions can be managed with lifestyle changes and dietary supplements,
which may provide an alternative to expensive medical treatments. In addition,
dietary supplements may be seen as a more affordable option for consumers who
cannot afford expensive medical treatments or who are looking for a more
natural approach to managing their health.
However,
it is important to note that though dietary supplements may offer some
benefits, they are not an absolute substitute for medical treatments. Consumers
should always consult with a healthcare professional before taking any
supplements, as some supplements may interact with prescription medications or
have potential side effects. In conclusion, the rising healthcare costs in
Saudi Arabia are likely to drive the demand for dietary supplements, as
consumers seek out more affordable and natural alternatives to medical
treatments.
Government
Policies are Favoring the Demand of Dietary Supplement Market in Saudi Arabia
Government policies can have a significant impact on the dietary supplement market in Saudi Arabia, as they can affect everything from product availability to consumer demand. Here are some ways that government policies could impact the dietary supplement market:
Regulation: The Saudi Food and Drug Authority (SFDA) regulates the dietary supplement market in Saudi Arabia. The government could implement new regulations that could impact the manufacture, sale, or marketing of dietary supplements. For example, the government could require additional safety and efficacy testing before a product can be sold in the country.
Import/export policies: Saudi Arabia imports a significant amount of dietary supplements from other countries. The government could implement new import/export policies that could impact the availability and cost of supplements. For example, the government could impose tariffs on imported supplements or limit the number of supplements that can be imported.
Health Initiatives: The Saudi Arabian government has launched several health initiatives aimed at promoting healthy living and preventing chronic diseases. These initiatives could increase awareness about the benefits of dietary supplements and drive demand for certain types of supplements. For example, the government could launch a campaign promoting the benefits of omega-3 supplements for heart health.
Subsidies: The government could provide subsidies for certain types of supplements or for companies that manufacture supplements domestically. This could make supplements more affordable for consumers and help support the growth of the domestic supplement industry.
Recent
Development
Herbalife has launched a new line of protein supplements in the Saudi Arabia market, including whey protein, soy protein, and plant-based protein supplements. The supplements are aimed at helping people maintain healthy muscle mass and recover after exercise.
Elaj has launched a line of supplements aimed at supporting digestive health, including probiotics and digestive enzymes. The supplements are formulated with natural ingredients and are designed to support healthy digestion and immune function.
Almarai, a Saudi Arabian company, has also entered the dietary supplement market with the launch of their own line of vitamins and minerals. These supplements are aimed at filling nutrient gaps in the Saudi Arabian diet and supporting overall health and wellness.
Nestle has also recently launched a new line of supplements in the Saudi Arabian market. Their line of supplements includes vitamins, minerals, and probiotics, and is designed to support overall health and wellness.
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Market Segmentation
Saudi
Arabia Dietary Supplements market is segmented into Product Type, Form, Distribution Channel,
Application, End User, Region, and Company. Based
on Product Type, the market is divided into combination
dietary supplement, vitamin, herbal supplement, fish oil & omega fatty
acid, protein and others. Based
on form, the market is categorized into tablets, capsules, powder, liquids and
soft gels. Based on Distribution channel, the market is divided into pharmacies and drug
stores, supermarkets and hypermarkets, online and others. Based on application,
the market is divided into energy & weight management, general health, bone
& joint health, immunity, and others. Based on end user, the market is
categorized into infants, children, adults, pregnant females, and geriatric. In
terms of region, the market is segmented into western, central, southern, eastern,
northern.
Market Players
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, Vytaloy wellness are some of the leading companies
operating in the Saudi Arabia Dietary Supplement Market.
|
Attribute
|
Details
|
|
Market
Size Value in 2022
|
USD
251.94 million
|
|
Revenue
Forecast in 2028
|
USD 382.82
million
|
|
Growth
Rate
|
7.07%
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024
– 2028
|
|
Quantitative
Units
|
Revenue in
USD Million, CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue
forecast, Company Share, Competitive Landscape, Growth Factors, and Trends
|
|
Segments
covered
|
Product Type
Form
Distribution
Channel
Application
End User
Region
|
|
Country
scope
|
Western,
Southern, Eastern, Northern & Central
|
|
Key
companies profiled
|
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, Vytaloy wellness
|
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
|
Report Scope:
In this report, Saudi Arabia Dietary
Supplements market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
·
Saudi Arabia Dietary
Supplements Market, By Product Type:
o
Vitamin
o
Combination
Dietary Supplement
o
Protein
o
Herbal
Supplement
o
Fish
Oil & Omega Fatty Acid
o
Others
·
Saudi Arabia Dietary
Supplements Market, By Form:
o
Capsules
o
Tablets
o
Powder
o
Soft
Gels
o
Liquids
·
Saudi Arabia Dietary
Supplements Market, By Distribution Channel:
o
Pharmacies
and Drug Stores
o
Online
o
Supermarkets
and Hypermarkets
o
Others
·
Saudi Arabia Dietary
Supplements Market, By Application:
o
Immunity
o
General
Health
o
Energy
& Weight Management
o
Bone
& Joint Health
o
Others
·
Saudi Arabia Dietary
Supplements Market, By End User:
o
Adults
o
Geriatric
o
Pregnant
Females
o
Children
o
Infants
·
Saudi Arabia Dietary
Supplements Market, By Region:
o
Northern
& Central
o
Western
o
Southern
o
Eastern
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present Saudi Arabia Dietary Supplements market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Saudi Arabia Dietary Supplements Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]