MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Nutraceuticals Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Saudi Arabia Nutraceuticals Market (2022-2027)
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.
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Key Trend in the Market:
Launch of New Dietary Supplements in the Country
The various types of health or food supplements have been launched in the country over the last few years, according to the distinguished requirements of nutraceutical consumers. In addition, the growing adoption of nutraceuticals in Saudi Arabia has intended the companies to launch different types of dietary supplements. Besides, in 2020, the COVID-19 pandemic also caught the attention of nutraceutical providers in Saudi Arabia to develop dietary supplements due to concerns over the health illnesses caused by the virus. Further, the launched nutraceutical product aimed to boost the immune system of the customers, weight loss management, etc., in Saudi Arabia. For instance:
In 2022, South Korea’s AceBiome announced to launch probiotic dietary supplement in Saudi Arabia for weight management health issues.
In 2020, Vestige Marketing Pvt. Ltd., one of the dietary supplement distributors in Saudi Arabia, launched an energy snack bar in order to energize the body & maintain meals hunger pangs.
Significantly, the rising adoption of nutraceuticals in Saudi Arabia would motivate nutraceutical producers to innovate & launch different categories of dietary supplements as per the customer’s requirements in the forecast years & it is also expected to attract the customers as per their needs.
What segments define the Saudi Arabia Nutraceuticals market from 2022-2027? How do these segments contribute to market dynamics and growth?
-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
Explore the Complete Saudi Arabia Nutraceuticals Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-nutraceuticals-market.html
-By Region
-Central
-West
-East
-South
Who are the leading key players shaping the Saudi Arabia Nutraceuticals Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Saudi Arabia Nutraceuticals Market growth?
2.How is the Saudi Arabia Nutraceuticals Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Saudi Arabia Nutraceuticals Market?
4.What is the current size of the Saudi Arabia Nutraceuticals Market, and how is it projected to change in the future?
6.What is the future outlook for the Saudi Arabia Nutraceuticals Market in terms of technological advancements and market expansion?
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