UAE Dietary Supplements Market to Grow at a CAGR of Over 6% till 2026
Alterations in lifestyle,
increased product innovation, and government-led health campaigns, higher
disposable income, increasing health consciousness, rising number of gyms and
wellness centers, etc. are expected to drive the dietary supplements market in
UAE.
According to TechSci Research report, “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, Competition, Forecast & Opportunities,
2026F”, the
UAE dietary supplements market has expanded rapidly in recent years and is
expected to grow at a CAGR of more than 6% and expand further in the coming
years as a result of rising awareness of dietary supplements among consumers
and disposable income. UAE dietary supplements market
grew at a significant pace in the past few years and is expected to register
strong growth in the coming years as well, owing to increasing population and
growing preferences of healthier lifestyle among people that are highly active
on digital media and have awareness on various options of dietary supplements.
One of the main factors driving the UAE dietary supplements market is the
growing demand for immunity boosting supplements among consumers. Moreover, the
increasing number of fitness centers, health clubs, etc. also contribute to the
growth of this market. Furthermore, the rising urban population is offering
huge growth opportunities to manufacturers by catering to the demand for
dietary supplements in the country. Furthermore, strong brand awareness and
increasing disposable income are augmenting the demand for dietary supplements
across the country.
The UAE dietary
supplements market is expected to grow in the coming years due to an ageing
population, stressful and hectic lifestyle patterns, and an increase in chronic
and lifestyle diseases. Competitive pricing of dietary supplements, as well as
an increase in the number of fitness clubs/gyms/healthcare centers, etc., are
expected to drive the demand for dietary supplements in the UAE in coming
years. Pharmacies across the UAE have seen a significant increase in demand for
multivitamins and supplements that claim to boost immunity in the midst of the
pandemic. Immunity problems have been exacerbated by the pandemic, and they
appear to be contributing to the increased emphasis on health. People are
looking for food and dietary supplements that they believe will help them avoid infection and boost their immunity.
Browse 2 market
data Tables and 39 Figures spread through 101 Pages and an in-depth TOC on
"UAE
Dietary Supplements Market"
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Dietary supplements market in UAE is categorized by product
type, by form, by distribution channel, by application, by end user, by region
and by company. In terms of by product type, the UAE dietary supplements market
is segmented into combination dietary supplement, vitamin, herbal supplement,
fish oil & omega fatty acid, protein and others. Among which, combination
dietary supplement market has dominated the UAE dietary supplements market in
2020 with a market share of more than 40% followed by vitamin. Vitamin
exhibited tremendous boost in sales in 2020 and is expected to continue this
trend in 2021 as well as in the forecast period, on account of rising adoption
of preventive health measures among the consumers due to the ongoing pandemic.
Several additional factors, such as increasing literacy, more disposable
income, media exposure, and easier accessibility, are also assisting the
vitamin dietary supplements market.
In terms of distribution channel, the UAE dietary supplements
market is segmented into pharmacies and drug stores,
supermarkets and hypermarkets, online and others. Among which, pharmacies and
drug stores have accounted the majority of market share in the UAE dietary supplement
market with over 55% in 2020 and will continue to dominate the market in the
forecast period. Consumers are shifting towards a more convenient shopping
options as their disposable income rises and their lifestyles become more
sedentary. As internet connectivity and smartphone penetration increase, UAE
consumers are increasingly turning to online shopping and digital payment
methods. Dietary supplement companies are also concentrating their efforts on
e-commerce platforms in order to expand their consumer reach.
In terms of region, the UAE dietary supplements market is
categorized into Dubai, Abu Dhabi, Sharjah and Rest of UAE. The dietary supplements
market in the Dubai region has dominated the market in 2020 and will continue
to grow in the forecast period, due to the factors such as rising disposable
income of the consumers, coupled with increasing health awareness and changing
lifestyle of people, etc.
In terms of company, some of the major players operating in
the UAE dietary supplements market are Bayer Middle East L.L.C, Pfizer Gulf FZ
LLC, Vitabiotics Ltd., NOW Health Group, Inc., The Bountiful Company, and others.
In 2020, Bayer Middle East L.L.C dominated the market in the country’s dietary supplements
market and is expected to continue its dominance through 2026F. Leading players
are focusing on expanding their product portfolio to maintain sustainable
growth in the market.
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“One of the major factors driving the market's growth
trajectory is the growing health consciousness and fitness trend among
millennial consumers. Consumers are becoming more aware of the benefits of
preventative healthcare and as a result, they are adopting healthier lifestyles.
Individuals have begun to take dietary supplements such as multivitamins and
protein supplements to supplement their diet.”, 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,
Competition, Forecast & Opportunities, 2026F” has
evaluated the future growth potential of UAE dietary supplements market and
provides statistics and information on market structure, consumer behavior and
trends. The report is intended to provide cutting-edge market intelligence and
help decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities available in the UAE dietary supplements market.
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