UAE Nutraceuticals Market to be dominated by the Functional Foods & Dietary Supplements Segment Through 2028
The rising demand for nourishing food to boost the immune
system and daily lifestyle are factors driving the growth of the UAE
Nutraceuticals Market in the forecast period 2024-2028.
According to the TechSci
Research report, “UAE Nutraceuticals Market - By
Region, Competition, Forecast, and Opportunities, 2028F”, UAE Nutraceuticals market
is projected to increase at an impressive rate in the forecast period 2024-2028.
Due to the rising relevance of preventive healthcare among consumers, the U.S.
has seen an increase in demand for dietary supplements over the past several
years. Customers have been favoring multivitamins that provide the body with
necessary nutrients. U.S. consumers are incorporating multivitamins into their
daily routines, which is a trend that has accelerated since the COVID-19
outbreak hit the country. This factor is driving the United Stated Nutraceuticals
market during the forecast period 2024-2028. Over the projection period, it is
anticipated that the growing senior population and rising healthcare costs
would support the expansion of the functional food business. 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.
However, the nation
historically had to import dietary supplements, largely from China, India, and
the US, due to its poor capacity to process raw materials for nutraceuticals,
such as branched-chain amino acids, collagen peptides, etc. Furthermore, the
UAE's reliance on imports, in general, has resulted in high pricing for dietary
supplements. Given the high pricing of dietary supplements, the nutraceutical
business has thus always faced difficulties due to the rising cost of
supplements in the UAE.
Browse over XX market
data Figures spread through XX Pages and an in-depth TOC on the "UAE Nutraceuticals Market”
The UAE
Nutraceuticals Market is segmented based on application,
form, source, and distribution channel.
Based on application,
the market is categorized into Functional Beverages, Functional Food, and
Dietary Supplements. The functional food and dietary supplements category is
expected to increase at a high CAGR in the UAE Nutraceuticals Market. This is
due to new eating habits, the demand for functional food to support long-term
dietary and many lifestyle changes. Further, rising awareness to boost the
immune system via functional food and supplements is anticipated to fuel the
growth of the market throughout the forecast period.
Based on form,
the market is categorized into liquid, tablets, capsules, powder, and others.
The tablet segment is expected to drive the growth of the market throughout the
forecast period, 2024-2028. The factor contributing to the growth of the tablet
segment is the easy availability of Vitamins & Supplements in tablet form, its
ease of storing at any temperature condition and convenience during
transportation. Moreover, the capsule segment is also expected to parallelly support
the growth of the market during the forecast period.
Based on source,
the market is divided into the plant, animal, and microbial. The animal segment
is expected to hold the largest market share in the forecast period 2024-2028. Moreover,
animals are rich in nutrients and provide an adequate amount of nutrients such
as lipids, proteins, nucleic acids, minerals, carbohydrates, and others. Hence,
animal segment is anticipated to support the growth of the market UAE
Nutraceuticals market throughout the forecast period.
Major
companies operating in the UAE Nutraceuticals 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., Others.
Download Free Sample Report
Customers can also request for 10% free customization on
this report.
Based on the distribution channel the
market is categorized into Specialty Stores, Online, Hypermarkets/Supermarkets,
and Pharmacies. The Pharmacies segment is expected to dominate the growth of
the Nutraceuticals market in the United States.
The most common place to buy
nutraceutical items is via pharmacies which is anticipated to drive the growth
of the market throughout the forecast period. Although online channels are also
growing in popularity owing to the convenience, doorstep services and are
predicted to experience the largest growth throughout the forecast period.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based United States management consulting firm.
“UAE Nutraceuticals Market- By Application
(Functional Beverages, Functional Food, and Dietary Supplements), By Form (Liquid, Tablets, Capsules, Powder,
and Others), By Source (Plant, Animal, and Microbial), By Distribution Channel
(Specialty Stores, Online, Hypermarkets/Supermarkets, Pharmacies), By Company
and By Region,
has evaluated the future growth potential of UAE Nutraceuticals Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the UAE Nutraceuticals Market.”
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com