Report

Saudi Arabia Nutraceuticals Market Report and Forecast 2032

130 pages Nov 2024
Saudi Arabia Nutraceuticals Market Report and Forecast 2032

Saudi Arabia Nutraceuticals Market Report and Forecast 2032

Saudi Arabia Nutraceuticals Market - By Source (Animals, Plants, Microbial), By Product Type (Functional Foods, Functional Beverages, Dietary Supplements, Others), By Form (Tablets, Capsules, Powder, Liquid, Others), By Application (Health Benefits, Personal Care, Sports, Energy and Weight Management, Others), By Distribution Channel (Specialty Stores, Pharmacies, Online Retail Stores, Hypermarkets/Supermarkets, Convenience Stores), and Others

  • Healthcare
  • Pages : 130
  • Nov 2024
  • Report Format :  

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Saudi Arabia Nutraceuticals Market

 

Source: The Report Cube

Study Period
2020- 2032
Market (2025)
USD 5.2 Billion
Market (2032)
USD 8.23 Billion
CAGR
6.7%
Major Markets Players
Bayer Saudi Arabia, LLC, Vitabiotics Ltd., Nestlé Middle East & North Africa, Herbalife Nutrition Ltd., BASF Saudi Arabia Co. Ltd.  and Others

Understand The Key Trends Shaping This Market

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Saudi Arabia Nutraceuticals Market Insights & Analysis

The Saudi Arabia Nutraceuticals Market is anticipated to register a CAGR of around 6.7% during the forecast period, i.e., 2025-32. As people in Saudi Arabia have become more aware of the health benefits of nutraceuticals, their utilization has increased overall. Products made from food that offer additional health benefits above standard diets are known as nutraceuticals.

Consequently, the industry for nutraceuticals has grown dramatically in Saudi Arabia in recent years. Augmented consumer knowledge of the health advantages of nutraceuticals & their incorporation into food & beverage items are some aspects contributing to this upsurge.

Moreover, sedentary lifestyles & an extraordinary consumption of sugary & fatty foods have led to an uptake in the occurrence of lifestyle-based illnesses like diabetes, high blood pressure, and cardiovascular diseases. As a result, the nation’s efforts to promote health & prevent sickness are increasingly depending on nutraceuticals, which would further influence the market's growth in the forthcoming years.

Saudi Arabia Nutraceuticals Market Dynamics

  • Increasing Prevalence of Lifestyle Diseases Demanding Nutrients-rich Alternatives to Propel the Market

With 550 million verified cases, diabetes affects millions of people around the globe & has been steadily increasing in prevalence, as per WHO data. Research has revealed that nutraceuticals might assist in reducing the severity associated with diabetes & perhaps stop type 1 diabetes from developing into type 2 diabetes. As nutraceutical products are widely accessible, reasonably priced, and prescription-free, the general population can simply afford them.

Nutraceutical supplements also contain essential compounds including resveratrol, curcumin, and cinnamon, which have had promising results in lowering fasting blood glucose levels, reducing insulin resistance, and lowering glucose levels, respectively. These factors have therefore driven the demand for nutraceuticals, which has elevated the Saudi Arabia Nutraceuticals Market sales.


Saudi Arabia Nutraceuticals Market Report and Forecast 2032

  • Saudi Arabia's Greater Reliance on the Import of Nutraceuticals Would Restrict the Market

The nation has become increasingly reliant on on imported nutraceuticals, which include products like vitamins, proteins, amino acids, and minerals, throughout time. Owing to this aggregating dependence on imports, the nutraceutical supplement market has encountered numerous thoughtful issues. The growth of the Saudi Arabian Nutraceutical Market is hindered by these challenges, which include the susceptibility of domestic industry prices to outside influences & ongoing problems with supply chain stability that can be impacted by a number of unanticipated events.

  • Chiseled Physique Obsession Among Youth Opening Up New Avenues for Nutraceuticals

The Saudi Arabian Market for dietary supplements has expanded owing to the increasing popularity of getting a trim & toned figure. Furthermore, the epidemic has elevated individual’s awareness of their immune & health systems, which has led to a surge in demand for gyms, sports clubs, and fitness instruction. The need for protein bars, energy bars, non-carbonated energy drinks, and sports supplements has upscaled as a result of this trend.

In addition, the upswing in gyms & exercise facilities brought about by bodybuilding's popularity is presumed to fuel demand for nutritional supplements that encourage muscle growth in the upcoming years, such as whey protein, total gainer, and isopure.

Saudi Arabia Nutraceuticals Market Segment-wise Analysis

By Source:

  • Animals
  • Plants
  • Microbial

As of 2022, plant-sourced nutraceuticals held the dominant share in the Saudi Arabia Nutraceuticals Market, primarily due to the growing trend of veganism in the Middle Eastern region, including Saudi Arabia. Vegan products are fortified with essential nutrients & properties, making them as nutritious as their animal-based counterparts. A recent independent survey showed that people who prefer a vegan diet generally have better health attributes.

Likewise, excessive consumption of meat has led to increased cases of heart ailments in the region, with around 30% of adults in Middle Eastern countries suffering from hypertension due to their diets. Furthermore, the region's policy to stop imports and local manufacturing of animal-derived ingredients has also contributed to the growth of plant-based products.

Consequently, the market has seen significant product innovations in plant-based meat, with global manufacturers keen on exploiting untapped industries in the region to gain massive success.

By Product Type:

  • Functional Foods
  • Functional Beverages
  • Dietary Supplements
  • Others

Functional Foods and Beverages held the largest share of the Saudi Arabia Nutraceuticals Market, primarily due to the numerous product launches in this category. This category includes sports drinks, energy drinks, dairy alternatives, and nutritious cereal & confectionery items. The segment's dominance is attributed to the health benefits & performance enhancement associated with these products.

Moreover, Functional Beverages are projected to be the fastest-growing, primarily due to the limited competition in the market & government support for this industry. For example, Dubai Energy Drink represents the country's value with the name "Dubai." Moreover, the rising need for these products among students, corresponding to the entry of more local producers, would create lucrative prospects in the national market. 

For example, in 2022, AceBiome, a South Korean company, proclaimed the unveiling of a probiotic dietary supplement in Saudi Arabia to address weight management health concerns. The supplement is redicted to aid consumers manage their weight by encouraging healthy gut bacteria, which can improve digestion & metabolism. This launch is presumed to be well-received in Saudi Arabia, where there is a rising demand for dietary supplements that can help in weight management & improve overall health.                                                         

What Does Our Saudi Arabia Nutraceuticals Market Research Study Entail?

  • The Saudi Arabia Nutraceuticals Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
  • The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
  • The Saudi Arabia Nutraceuticals Market Research Report entails details about the most critical shifts in market share in the prominent regions.
  • Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.

Table of Contents

  1. Introduction
    1. Objective of the study
    2. Product Definition
    3. Market Segmentation
    4. Study Variables
  2. Research Methodology
    1. Secondary Data Points
      1. Companies Interviewed
    2. Primary Data Points
      1. Break Down of Primary Interviews
  3. Executive Summary
  4. Market Dynamics
    1. Drivers
    2. Challenges
    3. Opportunity Assessment
  5. Recent Trends and Developments
  6. Policy and Regulatory Landscape
  7. Saudi Arabia Nutraceuticals Market Overview (2020-2032)
    1. Market Size, By Value (in USD Billions)
    2. Market Share, By Source
      1. Animals
      2. Plants
      3. Microbial
    3. Market Share, By Product Type
      1. Functional Foods
      2. Functional Beverages
      3. Dietary Supplements
      4. Others
    4. Market Share, By Form
      1. Tablets
      2. Capsules
      3. Powder
      4. Liquid
      5. Others
    5. Market Share, By Application
      1. Health Benefits
      2. Personal Care
      3. Sports, Energy and Weight Management
      4. Others
    6. Market Share, By Distribution Channel
      1. Specialty Stores
      2. Pharmacies
      3. Online Retail Stores
      4. Hypermarkets/Supermarkets
      5. Convenience Stores
    7. Market Share, By Competitors
      1. Competition Characteristics
      2. Revenue Shares
  8. Saudi Arabia Animals Nutraceuticals Market Overview, 2020-2032F
    1. By Value (USD Million)
    2. By Product Type- Market Size & Forecast 2019-2030, USD Million
    3. By Form- Market Size & Forecast 2019-2030, USD Million
    4. By Application- Market Size & Forecast 2019-2030, USD Million
  9. Saudi Arabia Plants Nutraceuticals Market Overview, 2020-2032F
    1. By Value (USD Million)
    2. By Product Type- Market Size & Forecast 2019-2030, USD Million
    3. By Form- Market Size & Forecast 2019-2030, USD Million
    4. By Application- Market Size & Forecast 2019-2030, USD Million
  10. Saudi Arabia Microbial Nutraceuticals Market Overview, 2020-2032F
    1. By Value (USD Million)
    2. By Product Type- Market Size & Forecast 2019-2030, USD Million
    3. By Form- Market Size & Forecast 2019-2030, USD Million
    4. By Application- Market Size & Forecast 2019-2030, USD Million
  11. Competitive Outlook (Company Profile - Partila List)
    1. Bayer Saudi Arabia, LLC
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    2. Vitabiotics Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    3. Nestlé Middle East & North Africa
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    4. Herbalife Nutrition Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    5. BASF Saudi Arabia Co. Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    6. PepsiCo Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    7. General Mills Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    8. Nature's Way Products, LLC.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    9. Abbott Saudi Arabia Trading LLC
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
    10. Others
      1. Company Overview
      2. Business Segments
      3. Strategic Alliances/Partnerships
      4. Recent Developments
  12. Contact Us & Disclaimer

List of Figure

Figure 1: Saudi Arabia Nutraceuticals Market Size, By Value (USD Billion), 2020–2032
Figure 2: Saudi Arabia Nutraceuticals Market Share, By Source (%), 2024
Figure 3: Saudi Arabia Animal-Based Nutraceuticals Market Share, 2024
Figure 4: Saudi Arabia Plant-Based Nutraceuticals Market Share, 2024
Figure 5: Saudi Arabia Microbial-Based Nutraceuticals Market Share, 2024
Figure 6: Saudi Arabia Nutraceuticals Market Share, By Product Type (%), 2024
Figure 7: Functional Foods Market Value Trend, 2020–2032
Figure 8: Functional Beverages Market Value Trend, 2020–2032
Figure 9: Dietary Supplements Market Value Trend, 2020–2032
Figure 10: Saudi Arabia Nutraceuticals Market Share, By Form (%), 2024
Figure 11: Tablets vs. Capsules vs. Powder vs. Liquid Comparison, 2024
Figure 12: Saudi Arabia Nutraceuticals Market Share, By Application (%), 2024
Figure 13: Nutraceuticals for Sports & Weight Management – Growth Trend
Figure 14: Saudi Arabia Nutraceuticals Market Share, By Distribution Channel (%), 2024
Figure 15: Revenue Share of Key Competitors in Saudi Nutraceutical Market, 2024
Figure 16: Saudi Arabia Animal-Based Nutraceuticals Market Size, By Value (USD Million), 2020–2032
Figure 17: Saudi Arabia Animal-Based Nutraceuticals Market Size, By Product Type, 2019–2030
Figure 18: Saudi Arabia Animal-Based Nutraceuticals Market Size, By Form, 2019–2030
Figure 19: Saudi Arabia Animal-Based Nutraceuticals Market Size, By Application, 2019–2030
Figure 20: Saudi Arabia Plant-Based Nutraceuticals Market Size, By Value (USD Million), 2020–2032
Figure 21: Saudi Arabia Plant-Based Nutraceuticals Market Size, By Product Type, 2019–2030
Figure 22: Saudi Arabia Plant-Based Nutraceuticals Market Size, By Form, 2019–2030
Figure 23: Saudi Arabia Plant-Based Nutraceuticals Market Size, By Application, 2019–2030
Figure 24: Saudi Arabia Microbial-Based Nutraceuticals Market Size, By Value (USD Million), 2020–2032
Figure 25: Saudi Arabia Microbial-Based Nutraceuticals Market Size, By Product Type, 2019–2030
Figure 26: Saudi Arabia Microbial-Based Nutraceuticals Market Size, By Form, 2019–2030
Figure 27: Saudi Arabia Microbial-Based Nutraceuticals Market Size, By Application, 2019–2030
Figure 28: Breakdown of Primary Interviews by Designation and Region
Figure 29: Regulatory Landscape for Nutraceuticals in Saudi Arabia
Figure 30: Key Strategic Partnerships and Alliances Among Major Players
Figure 31: Company Revenue Comparison of Top Market Players (Bayer, Vitabiotics, Nestlé, etc.)

List of Table

Table 1: Market Segmentation – Saudi Arabia Nutraceuticals Market
Table 2: Study Variables and Their Definitions
Table 3: Key Secondary Data Sources
Table 4: Companies Interviewed for Primary Research
Table 5: Breakdown of Primary Interviews by Designation and Geography
Table 6: Market Drivers – Saudi Arabia Nutraceuticals Market
Table 7: Market Challenges – Saudi Arabia Nutraceuticals Market
Table 8: Opportunity Assessment Matrix
Table 9: Recent Trends and Developments in Saudi Arabia Nutraceuticals Industry
Table 10: Policy and Regulatory Framework for Nutraceuticals in Saudi Arabia
Table 11: Saudi Arabia Nutraceuticals Market Size, By Value (USD Billion), 2020–2032
Table 12: Saudi Arabia Nutraceuticals Market Share, By Source (%), 2024
Table 13: Saudi Arabia Nutraceuticals Market Share, By Product Type (%), 2024
Table 14: Saudi Arabia Nutraceuticals Market Share, By Form (%), 2024
Table 15: Saudi Arabia Nutraceuticals Market Share, By Application (%), 2024
Table 16: Saudi Arabia Nutraceuticals Market Share, By Distribution Channel (%), 2024
Table 17: Saudi Arabia Nutraceuticals Market Share, By Competitors – Revenue Share Analysis
Table 18: Saudi Arabia Animal-Based Nutraceuticals Market Size, By Value (USD Million), 2020–2032
Table 19: Animal-Based Nutraceuticals Market, By Product Type, 2019–2030 (USD Million)
Table 20: Animal-Based Nutraceuticals Market, By Form, 2019–2030 (USD Million)
Table 21: Animal-Based Nutraceuticals Market, By Application, 2019–2030 (USD Million)
Table 22: Saudi Arabia Plant-Based Nutraceuticals Market Size, By Value (USD Million), 2020–2032
Table 23: Plant-Based Nutraceuticals Market, By Product Type, 2019–2030 (USD Million)
Table 24: Plant-Based Nutraceuticals Market, By Form, 2019–2030 (USD Million)
Table 25: Plant-Based Nutraceuticals Market, By Application, 2019–2030 (USD Million)
Table 26: Saudi Arabia Microbial-Based Nutraceuticals Market Size, By Value (USD Million), 2020–2032
Table 27: Microbial-Based Nutraceuticals Market, By Product Type, 2019–2030 (USD Million)
Table 28: Microbial-Based Nutraceuticals Market, By Form, 2019–2030 (USD Million)
Table 29: Microbial-Based Nutraceuticals Market, By Application, 2019–2030 (USD Million)
Table 30: Strategic Alliances/Partnerships by Leading Players
Table 31: Recent Developments by Key Companies
Table 32: Company Profiles – Business Segments Overview
Table 33: Contact Information & Legal Disclaimer

Top Key Players & Market Share Outlook

  • 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

Frequently Asked Questions

   A. The Saudi Arabia Nutraceuticals Market is anticipated to register a CAGR of around 6.7% during the forecast period, i.e., 2025-32.

   A. The increasing prevalence of lifestyle diseases demanding nutrient-rich alternatives propels the market through 2032.

   A. Saudi Arabia's greater reliance on the import of nutraceuticals would restrict the Nutraceuticals Market through 2032.

   A. Chiseled physique obsession among youth opens up new avenues for nutraceutical products in the market.

   A. Plant-sourced nutraceuticals are expected to be the fastest-growing segment in the Saudi Arabia Nutraceuticals Market during the forecast period.

   A. 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, are the major competitors in the Saudi Arabia Nutraceuticals Market.