UAE
Nutraceuticals Market is expected to grow at a significant rate during the
forecast period 2024-2028. Over the course of the forecast period, the market
is anticipated to be driven primarily by the rising demand for functional foods
and dietary supplements. A positive view of medical nutrition, in light of its
growing use to treat cardiovascular disease and malnutrition, is predicted to
stimulate the market for dietary supplements. Further, the growing knowledge of
the health advantages associated with the intake of nutraceuticals and nutraceutical
supplements is the cause of the increase in demand for these products.
Additionally, it is anticipated that increased athlete participation in sports
at the national and international levels will raise the market for functional
beverages.
Nutraceuticals
are items that fall under the food category but have medical uses as well.
Given that they are created using food and food extracts, they are also
referred to as bioceuticals. Nutraceutical products come in a wide range of
varieties and are used for a variety of purposes. These goods are unregulated
in many parts of the world because they are viewed as food additives or
supplements. Products made with nutraceuticals are in high demand. The growing
knowledge of the health advantages associated with the intake of nutraceuticals
and Nutraceutical supplements is the main driver of the increase in demand for
these products. Additionally, it is anticipated that
increased athlete participation in sports at the national and international
levels will raise demand for functional beverages. The market for functional
foods is expanding primarily due to rising cardiovascular, chronic, and
obesity-related disorders as well as an urbanizing population, rising
healthcare spending, and these diseases. Omega fatty acids, which are abundant
in functional foods, aid to regulate blood circulation and maintain weight. It
offers medical or health advantages, such as disease prevention and treatment.
Due to the increasing prevalence of lifestyle-based diseases in the UAE, which is
brought on by excessive packaged food consumption and a sedentary lifestyle,
the need for nutraceuticals in the form of fortified functional foods and
beverages has grown over time.
Consumer
knowledge of herbal foods and goods has increased over the last few years.
Chemical compounds are being shunned by many customers in foods, health foods,
functional foods, proteins, and nutraceutical products.
Gummies,
jellies, and soft gels, newer types of nutraceuticals that come in a variety of
sizes, shapes, flavors, and concentrations, are being brought to the market and
are steadily gaining popularity. Also, these nutraceuticals are growing in
popularity among children, which is assisting the market’s expansion. These
factors are anticipated to boost the growth of the UAE Nutraceuticals market.
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Expanding
Lifestyle Disorders to Drive the Market Growth
The lifestyle of
UAE citizens has resulted in mild to severe health issues, from chronic
ailments to a poor gut. In addition, the widespread use of processed and junk
food is the main cause of the prevalence of lifestyle disorders like obesity,
diabetes, cholesterol, etc. People are adjusting to the fast-paced way of life
and attempting to manage the stress brought on by lifestyle change, which has
led to an increase in the incidence of chronic diseases in the area. According
to a research, cancer, diabetes, autism, and genetic disorders are the four
most prevalent health issues in the United Arab Emirates. According to the
UAE government, 4,500 new instances of cancer are reported in the country each
year, and in Abu Dhabi, cancer was the third largest cause of death in 2012. Another
important disease in the United Arab Emirates is diabetes, which affected 19.0%
of people between the ages of 20 and 79 as of 2014. By 2021, the government is
expected to bring this figure down to 16.2%. The biggest contributor to the
rise in lifestyle problems in the nation has been the use of packaged foods and
beverages, high calorie counts, together with little to no physical activity. However,
the integration of nutraceutical goods into the general population's everyday
routine has been fueled by expanding awareness of leading a healthy lifestyle,
rising use of nutritional supplements for immunity building, and boosting
internal organ functions, etc. Further, functional meals are seen as having a
very favorable reputation with consumers, largely because of the additional
health and wellness advantages these products provide. The total growth has
been assisted by the rising elderly population, rising healthcare costs,
changing lifestyles, innovative food products, and expectations for higher
prices.
Surge in
Demand for Infant Nutraceutical
UAE has seen a
rise in the use of nutraceuticals in newborn diets. The use of functional foods
and nutraceutical supplements has grown as a result of consumer efforts to
prevent gastrointestinal illnesses. A significant amount of protein and other
dietary supplements are also obtained, supporting end-metabolism users and
assisting in the fight against a variety of acute and chronic conditions. For
instance, Carrefour kids drink yogurt, one of the many types of probiotic
supplements for kids. Additionally, the firm’s entry into the market of newborn
probiotic supplement goods like BioGaia Protectis probiotic drops, Synergy
Infabiol infant probiotic drops, Calmco Probiotic Drops, etc., had a positive effect
on the market's expansion in the ensuing years. Over the projection period, it
is anticipated that the growing senior population and rising healthcare costs
would support the expansion of the worldwide functional food business. Hence, the
rising demand for infant nutraceuticals is fueling the UAE Nutraceutical
Market.
Deficiency of
Vitamin D to Boost Market Expansion
About 90% of the
population in the UAE was found to have vitamin D insufficiency, according to a
survey conducted there. The government has launched several campaigns to inform
consumers about the various Vitamin D sources and how to maintain a balance of
necessary vitamins and dietary supplements in order to tackle this issue. In
order to ameliorate the existing situation of the people in the UAE, the
government has also requested that various food and beverage industries provide
various fortified juices, milk, and other dairy products with vitamin D.
Implementation
of VAT and Excise Duty is Limiting the Market Expansion
The tax system
for the goods sold in the UAE market has undergone substantial adjustments
owing to the UAE government. The government began charging an excise tax of
100% on energy drinks in October 2017. The UAE then introduced 5% VAT three
months after 5% VAT went into effect in January 2018. This had a detrimental
effect on the products, which led to a decline in consumer spending as market
prices rose for the goods.
Market Segmentation
UAE Nutraceuticals Market is
segmented based on application,
form, source, and distribution channel. Based on application,
the market is divided into Functional Beverages,
Functional Food and Dietary Supplements. Based on form, the market is segmented
into Liquid, Tablets, Capsules, Powder, and Others. Based on the source, the
market is divided into Plant, Animal, and Microbial. Based on distribution
channel, the market is divided into Specialty Stores, Online,
Hypermarkets/Supermarkets, and Pharmacies.
Market players
The key players in the UAE
Neutraceuticals market are Pfizer Inc., Bayer Middle East FZE, Vitabiotics Ltd, Nestlé UAE L.L.C., Danone,
BASF MIDDLE EAST LLC & BASF FZE, PepsiCo Inc., General Mills Inc., Nature's
Way Products, LLC., Abbott Laboratories S.A., and Others.
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Attribute
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Details
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Base
Year
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2022
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Historic
Data
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2018 – 2021
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Estimated
Year
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2023
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Forecast
Period
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2024 – 2028
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Quantitative
Units
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Revenue
in USD Million, and CAGR for 2018-2022 and 2023-2028
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Report
coverage
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Revenue forecast,
company share, competitive landscape, growth factors, and trends
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Segments
covered
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By Application
By Form
By Source
By Distribution
Channel
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Regional
scope
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Dubai, Abu
Dhabi, Sharjah, Rest of UAE.
|
|
Key
companies profiled
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Pfizer
Inc., Bayer Middle East FZE, Vitabiotics
Ltd, Nestlé UAE L.L.C., Danone, BASF MIDDLE EAST LLC & BASF FZE, PepsiCo
Inc., General Mills Inc., Nature's Way Products, LLC., Abbott Laboratories
S.A., Others.
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|
Customization
scope
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10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing
and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery
Format
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PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
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Report Scope:
In this report, the UAE
Nutraceuticals Market has been segmented into the following categories, in
addition to the industry trends which have also been detailed below:
UAE Nutraceuticals Market, By Application:
o Functional Beverages
o Functional Food and Dietary Supplements
UAE Nutraceuticals Market, By Form:
o Liquid
o Tablets
o Capsules
o Powder
o Others
UAE Nutraceuticals Market, By Source
o Plant
o Animal
o Microbial
UAE Nutraceuticals Market, By Distribution Channel
o Specialty Stores
o Online
o Hypermarkets/Supermarkets
o Pharmacies
UAE Nutraceuticals Market, By Region
o Dubai
o Abu Dhabi
o Sharjah
o Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the UAE Nutraceuticals 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).
UAE Nutraceuticals Market is an upcoming
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