Middle East & Africa Nutraceuticals Market to be supported by Increasing Demand for Nutraceuticals from All Age Groups
Increasing development in
healthcare and pharmaceutical industry and rising demand from all age groups
are expected to drive the Middle East & Africa Nutraceuticals market in the
forecast period, 2024-2028.
According to TechSci Research
report, “Middle East & Africa Nutraceuticals Market – By
Region, Competition Forecast and Opportunities, 2018-2028,” the Middle
East & Africa Nutraceuticals Market is anticipated to grow at a significant
rate in the forecast period, 2024-2028. The demand for functional food and
beverages, which are fortified with nutraceutical ingredients, has been on the
rise in the Middle East & Africa. Consumers are increasingly seeking food
and beverage products that offer health benefits beyond basic nutrition, such
as enhanced immunity, improved digestion, and increased energy. As a result,
food and beverage manufacturers in the Middle East & Africa are launching
new product lines that incorporate nutraceutical ingredients, such as vitamins,
minerals, probiotics, and antioxidants. Also, the rising prevalence of
lifestyle diseases and increasing consumer awareness about preventive
healthcare are driving the demand for nutraceuticals in the Middle East &
Africa. Vitamins, minerals, and herbal supplements are witnessing significant
demand as consumers look for ways to address specific health concerns and
maintain overall wellness, hence boosting the Middle East & Africa
Nutraceuticals Market.
However, the high cost
associated with the nutraceuticals, and product recall are likely to hamper the
growth of the market in the forecast period.
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The Middle East & Africa
Nutraceuticals Market is segmented into Product Type, Form, Distribution
Channel, Application, End User, Region and Competitive Landscape.
Based on Product type, the
market is divided into Combination Dietary Supplement, Herbal Supplement, Fish
Oil Omega Fatty Acid, Protein, and Other. The Protein segment is expected to
witness a rise over the forecast period. This is attributed to the increasing
awareness regarding muscle growth and weight management.
Based on Form, the market is
divided into Tablets, Capsules, Powder, Liquids and Soft Gels. The Tablets
segment is anticipated to grow during the forecast period. This is attributed
to their simple packaging, longer shelf life, and simplicity of ingestion.
Based on Distribution Channel,
the market is divided into Pharmacies and Drug Stores, Supermarkets and
Hypermarkets, Online and Others. The Pharmacies and Drug Stores segment is
anticipated to grow during the forecast period. This is attributed to the
greater number of pharmacies and drug stores in the Middle East & Africa.
Based on Application, the market
is divided into Energy Weight Management, General Health, Bone Joint Health,
Immunity and Others. The Energy Weight Management segment is anticipated to
grow during the forecast period owing to the increasing obesity rates in the
region and health benefits of such nutraceuticals, such as enhancement in
workout performance and weight management.
Based on End User, the market is
divided into Children, Adults, Pregnant Females, and Geriatric. The Adults segment
is anticipated to grow during the forecast period. This is attributed to their
increasing population and rising awareness regarding healthy lifestyle.
Major companies operating in
Middle East & Africa Nutraceuticals market are:
- Bayer Middle East L L C
- Pfizer Gulf FZ LLC
- Gulf Pharmaceutical Industries P S C
- Abbott Laboratories S A
- Glanbia Performance Nutrition, Inc
- Nestle Middle East FZE
- Nutricia Middle East DMCC (Danone)
- Archer Daniels Midland Company
- Cargill Middle East DMCC
- NOW Health Group, Inc
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“Saudi Arabia and Qatar are
expected to witness a significant growth in the market in the upcoming years,
due to the availability of well-established health policies, and rising
awareness among people of all age groups regarding the health benefits
associated with consuming nutraceuticals. Also, the high personal income and
increasing focus on healthy lifestyle, in turn is strengthening the growth of
the market, which is expected to grow through 2028,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Middle East & Africa
Nutraceuticals Market By Product Type (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, Others), By Application
(Energy Weight Management, General Health, Bone Joint Health, Immunity,
Others), By End User (Children, Adults, Pregnant Females, Geriatric), By
Country, Competition Forecast & Opportunities, 2018-2028,” has
evaluated the future growth potential of Middle East & Africa
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 Middle East & Africa
Nutraceuticals market.
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