Egypt
Nutraceuticals Market is expected to grow at an impressive rate during the
forecast period 2024-2028. The major factors include increasing
health awareness, rising disposable income, government support, growing middle
class, increasing urbanization, and ageing population.
Nutraceuticals are food-derived products that offer potential
health benefits and are becoming increasingly popular among consumers who are
looking for natural ways to maintain their health and wellbeing.
There is a growing awareness in Egypt about the importance of
maintaining good health and wellbeing. People are now more health-conscious and
are willing to invest in products that can help them achieve their health
goals. Nutraceuticals are perceived as natural and safe alternatives to
traditional pharmaceuticals and are, therefore, becoming increasingly popular
among consumers.
With the increasing urbanization of Egypt, there has been a
change in lifestyle and dietary habits. People are now more focused on convenience
and are looking for products that are easy to use and provide quick results.
Nutraceuticals offer a convenient way to improve health and are, therefore,
gaining popularity among urban consumers.
As the Egyptian economy continues to improve, the disposable
income of consumers also takes a leap. This means that people have more money
to spend on products that can help them improve their health and wellbeing.
Nutraceuticals are often perceived as a luxury product, and their sales are
often linked to the disposable income of consumers.
The Egyptian government has been actively promoting the use
of nutraceuticals to improve public health. The Ministry of Health has
introduced several initiatives aimed at promoting the use of nutraceuticals,
including the development of regulations for the manufacturing and marketing of
these products. This has helped to create a favorable environment for the
growth of the nutraceuticals market in Egypt.
The aging population in Egypt is also driving the growth of
the nutraceuticals market. As people age, they become more conscious of their
health and are looking for ways to maintain their vitality and wellbeing.
Nutraceuticals offer a natural and safe way to achieve this, and as such, are
becoming increasingly popular among older consumers.
Over the past years, there has been a significant expansion
of distribution channels for nutraceutical products in Egypt. This includes the
growth of online sales channels and the availability of nutraceutical products
in more retail outlets, including supermarkets and pharmacies.
The COVID-19 pandemic has led to a significant increase in
demand for immune-boosting nutraceutical products in Egypt. This includes
products that contain ingredients such as vitamins, minerals, and herbs that
are believed to support immune function.
The Egypt nutraceuticals market has seen a number of
technological advancements over the past three years, like Nanotechnology, Artificial
Intelligence (AI) and Machine Learning (ML), Blockchain Technology, 3D Printing
and Smart Packaging. Nanotechnology has been used to create new and innovative
delivery systems for nutraceutical products. For example, nanoparticles can be
used to encapsulate nutrients and protect them from degradation in the body,
leading to better absorption and effectiveness. Smart packaging technology is
being used to improve the stability and shelf life of nutraceutical products.
For example, packaging can be designed to release nutrients at specific times
or in response to specific conditions, ensuring that the product is effective
and safe.
Technology is also playing a role in the growth of the Egypt
nutraceuticals market. Advances in technology have enabled companies to develop
new and innovative products that are more effective and easier to use. For
example, there has been a growth in personalized nutrition products, which use
technology to create tailored nutrition plans for individuals based on their
unique needs and preferences.
Nutraceuticals, with their focus on using natural ingredients
and promoting a holistic approach to health and wellness, are well-suited to
meet this demand.
Increasing Instances of Lifestyle-Related Disorders
The increasing instances of lifestyle-related disorders are
having a significant impact on the growth of the Egypt nutraceuticals market.
Lifestyle-related disorders such as obesity, diabetes, cardiovascular disease,
and hypertension are on the rise in Egypt, which has led to an increasing
demand for products that can help prevent or manage these conditions.
Nutraceuticals, with their focus on promoting health and wellness, are
well-suited to meet this demand.
Nutraceuticals offer a range of products that can help
prevent or manage lifestyle-related disorders. For example, there are products
that can help manage blood sugar levels in people with diabetes, supplements
that can help reduce cholesterol levels in people with cardiovascular disease,
and products that can help support weight loss and healthy metabolism. These
products are increasingly popular among consumers who are looking for natural
and effective ways to manage their health.
In addition, the increasing instances of lifestyle-related
disorders are also driving innovation in the nutraceuticals market. Companies
are developing new and innovative products that are more effective at
addressing these conditions, and can be tailored to individual needs and
preferences. For example, there are now personalized nutrition products that
use technology to create tailored nutrition plans for individuals based on
their unique needs and goals.
Increasing Health Awareness
The increasing health awareness among consumers is one of the
key factors driving the growth of the Egypt nutraceuticals market. People are
becoming more conscious of their health and the importance of maintaining a
healthy lifestyle. This has led to a growing demand for products that can
support their overall well-being. Nutraceuticals, with their focus on promoting
health and wellness, are well-suited to meet this demand.
As people become more aware of the importance of maintaining
good health, they are looking for products that can help them achieve their
health goals. Nutraceuticals offer a range of products that can support various
aspects of health, such as boosting immunity, improving digestion, and
promoting healthy aging. These products are becoming increasingly popular among
consumers who are looking for natural and effective ways to support their
health.
Increasing Prevalence of Chronic Diseases
The increasing prevalence of chronic diseases is having a
significant impact on the growth of the Egypt nutraceuticals market. Chronic
diseases such as diabetes, cardiovascular disease, obesity, and cancer are
becoming more common in Egypt, and this has led to an increasing demand for
products that can help prevent or manage these conditions. Nutraceuticals, with
their focus on promoting health and wellness, are well-suited to meet this demand.
The increasing prevalence of chronic diseases in Egypt is
influenced by changes in lifestyle and diet. As people adopt more sedentary
lifestyles and consume more processed and unhealthy foods, they reach a higher
risk of developing these conditions. This has led to a growing awareness of the
importance of maintaining a healthy diet and lifestyle, and a corresponding
demand for products that can support the growth of Egypt Nutraceuticals market.
Market Challenges
There are various challenges that are hampering the growth of
Egypt Nutraceuticals Market. These challenges include lack of awareness among
consumers, regulatory hurdles, cultural perceptions, limited distribution
channels, high costs, and competition from traditional medicines.
One of the major challenges facing the nutraceuticals market
in Egypt is the lack of awareness among consumers. Many people in Egypt are
still not aware of the benefits of nutraceuticals and the role they can play in
maintaining good health. This lack of awareness is leading to low demand and
slow adoption of nutraceuticals in the country. There is also a cultural
perception in Egypt that favors traditional medicine over nutraceuticals. While
this perception is slowly changing, it remains a challenge for companies
operating in the nutraceuticals market. There is a need to educate consumers
about the benefits of nutraceuticals and dispel the myths and misconceptions
surrounding these products.
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Market Segmentation
The
Egypt Nutraceuticals Market can be segmented by product
type, form,
source, distribution channel, and region. By product type, the market
can be segmented into Dietary Supplements, Functional Foods, and Functional
Beverages. Based on form, the market is divided into Tablets, Capsules, Powder,
Liquid, and Others. Based on source, the market is divided into Animal, Plant,
and Microbial. Based on distribution channel, the market is further segmented
into Specialty Stores, Online, Pharmacies, and Hypermarkets/Supermarkets.
Market Players
Pharco Pharmaceuticals, AmCham
Egypt, Amoun Pharmaceutical Company, Marcyrl Pharmaceutical Industries, Acdima
International Trading, among others, are some of the leading companies operating
in the market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 – 2022
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
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2024 – 2028
|
|
Quantitative
Units
|
Revenue
in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue
forecast, Volume forecast company share, competitive landscape, growth
factors, and trends
|
|
Segments
covered
|
Product
Type
Form
Source
Distribution
Channel
|
|
Regional
scope
|
Cairo; Qalyubia; Alexandria; Port Said; Giza; Suez
|
|
Key
companies profiled
|
Pharco Pharmaceuticals, AmCham Egypt, Amoun Pharmaceutical
Company, Marcyrl Pharmaceutical Industeries, Acdima International Trading
|
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Egypt Nutraceuticals Market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
·
Egypt
Nutraceuticals Market, By
Product Type
o
Dietary Supplements
o
Functional Foods
o
Functional Beverages
·
Egypt Nutraceuticals Market, By Form
o
Tablets
o
Capsules
o
Powder
o
Liquid
o
Others
·
Egypt Nutraceuticals Market, By Source
o
Animal
o
Plant
o
Microbial
·
Egypt Nutraceuticals Market, By Distribution Channel
o
Specialty Stores
o
Online
o
Pharmacies
o
Hypermarkets/Supermarkets
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in Egypt Nutraceuticals Market
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
Detailed analysis and
profiling of additional market players (up to five).Egypt Nutraceuticals Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]