MarkNtel Advisors recently published a report, titled, ” Saudi Arabia Nutraceuticals Market By Product Type (Dietary Supplements (Proteins & Peptides, Vitamins & Minerals, Herbals, Others), Functional Foods (Functional Foods (Functional Foods, Probiotics Fortified Food, Omega Fatty Acid Fortified Food, Branded Wheat Flour, Others), (Functional Beverages (Fruit & Vegetable, Juices, and Drinks, Dairy & Dairy Alternative Drinks, Non-Carbonated Drinks), Others),. As per as the report The Saudi Arabia Nutraceutical Market is projected to grow at a CAGR of around 6.71% during the forecast period, i.e., 2022-27.
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Possible Restraint: Higher Dependence on Import of Nutraceuticals by Saudi Arabia to Hamper the Market
With the high reliance on the import of nutraceuticals, such as vitamins, protein, amino acids, minerals, etc., the country has become extensively import reliant. This import dependency has grown during the historical period in the country that constitutes some of the key challenges for the nutraceutical supplement industry, such as high susceptibility of the prices in the domestic market & supply chain consistency issues concerning any eventual condition. Additionally, the supply chain issue was apparent during COVID-19, when the major exporters in Saudi Arabia were adversely affected by high infection rates, causing import & export restrictions.
Leading Companies in Saudi Arabia Nutraceuticals Market:
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.
Saudi Arabia Nutraceuticals Market Segmentation:
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
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By Region
-Central
-West
-East
-South.
Key questions answered in the Saudi Arabia Nutraceuticals Market are:
•What is Saudi Arabia Nutraceuticals Market?
•What was the market size in 2023?
•What is the growth rate of the Saudi Arabia Nutraceuticals Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Saudi Arabia Nutraceuticals Market?
•What segments are covered in the Market?
•Who are the key players in the Saudi Arabia Nutraceuticals Market?
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