Exploring Saudi Arabia Nutraceuticals Market Opportunity, Latest Trends, Demand, and Development By 2027- MarkNtel Advisors

 According to Markntel Advisors Report, Saudi Arabia Nutraceuticals Market is expected to grow at a significant growth rate, and the analysis period is 2022-2027, considering the base year as 2021.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Nutraceutical products are non-specific biological supplements used to promote general well-being, control symptoms, and prevent malignant processes. It is a food or part of a food that provides medical or health benefits, including the prevention & treatment of disease. Saudi Arabia is one of the largest economies in the Middle East, with a sizeable population that attracts a large number of pharmaceutical & processed food companies to offer their respective products. Further, the increase in the adoption of nutraceutical supplements in the food products & beverages, along with the nutraceutical supplementation, would flourish the market in the coming years.

 

Saudi Arabia Nutraceuticals Market Research Report & Summary:

The Saudi Arabia Nutraceutical Market is projected to grow at a CAGR of around 6.71% during the forecast period, i.e., 2022-27, says MarkNtel Advisors in their recent research report..                

Time Period Captured in the Report:

·        Historical Years: 2017-20

·        Base Years: 2021

·        Forecast Years: 2022-27 

Who are the Key Players Operating in the Saudi Arabia Nutraceuticals Market?

The top companies of the Saudi Arabia Nutraceuticals Market ruling the industry are: 

Bayer Saudi Arabia, LLC, Vitabiotics Ltd., Nestlé Middle East & North Africa, Herbalife Nutrition Ltd., BASF Saudi Arabia Co. Ltd., PepsiCo Inc., General Mills Inc., Nature's Way Products, LLC., Abbott Saudi Arabia Trading LLC, Pfizer Saudi Limited Corporate, Others

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What is Included in Saudi Arabia Nutraceuticals Market Segmentation?

The Saudi Arabia Nutraceuticals Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Product Type
• Dietary Supplements
• Proteins & Peptides
• Vitamins & Minerals
• Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals)
• Others (Fatty Acids and Fiber)
• Functional Foods
• Probiotics Fortified Food
• Omega Fatty Acid Fortified Food
• Branded Ionized Salt
• Branded Wheat Flour
• Others
• Functional Beverages
• Fruit & Vegetable Juices and Drinks
• Dairy & Dairy Alternative Drinks
• Non-Carbonated Drinks (Bottled Water, Tea, And Coffee)
• Other (Herbal Tea, Sports Drinks, And Energy Drinks)
• By Source
• Plant
• Animal
• Microbial
• By Form
• Tablets & Capsules
• Gummies & Soft Gels
• Powder & Liquid
• By Sales Channel
• Offline Store-Based
• Supermarkets & Hypermarkets
• Specialty Stores
• Online
• By Region
• Central
• West
• East
• South

 Explore the Complete Saudi Arabia Nutraceuticals Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-nutraceuticals-market.html

Market Dynamics:

Key Driver: Burgeoning Lifestyle-based Diseases to Lead the Demand for Nutraceuticals

Saudi Arabia is one of the high-income economies in the Middle East region, with high consumption of packaged food & beverages. However, the consumption of packaged foods and luxury lifestyles, combined with decreased physical activity, has resulted in a significant portion of the population suffering from ailments such as obesity, hypertension, diabetes, etc. According to World Health Organization, the total percentage of the obese population under the age of 15 years was over 70% in the Kingdom of Saudi Arabia.

Similarly, the elder-age population in Saudi Arabia also has a high-risk potential for cardiovascular diseases. According to a Saudi Health Ministry survey, 37% of the deaths in the country are caused due to cardiovascular diseases. These are a few of the key reasons that have pushed the consumers in the region to adopt healthy food practices & nutraceuticals to curb the diseases in the young- & middle-aged population. In addition, as nutraceutical supplements & their addition to various foods & beverages prevent lifestyle diseases by reducing the deficiency of nutrients, the Nutraceuticals market in Saudi Arabia has grown steadily over the period 2017-2021, and is also expected to grow further during the forecast period.

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