Report

UAE Nutraceuticals Market Report and Forecast 2032

106 pages Oct 2024
UAE Nutraceuticals Market Report and Forecast 2032

UAE Nutraceuticals Market Report and Forecast 2032

By Product Type (Dietary Supplements (Proteins & Peptides, Vitamins & Minerals, Herbals), Functional Foods (Probiotics Fortified Food, Omega Fatty Acid Fortified Food, Branded Ionized Salt, Branded Wheat Flour), Functional Beverages (Fruit & Vegetable Juices and Drinks, Dairy & Dairy Alternative Drinks, and Non-Carbonated Drinks)), By Source (Plant, Animal, Microbial), By Form (Tablets & Capsules, Gummies & Softgels, Powder & Liquid), By Sales Channel (Offline Store-based (Supermarkets & Hypermarkets, Speciality Stores), Online), By Regions (Dubai, Al Ain & Abu Dhabi, Sharjah & Northern Emirates)

  • Food & Beverages
  • Pages : 106
  • Oct 2024
  • Report Format :  

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UAE Nutraceuticals Market

 

Source: The Report Cube

Study Period
2020- 2032
Market (2023)
USD 4.1 Billion
CAGR
6.4%
Major Markets Players
Pfizer Inc., Bayer Middle East FZE, Vitabiotics Ltd., Nestlé UAE L.L.C., Danone and Others

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UAE Nutraceuticals Market Insights & Analysis

The UAE Nutraceuticals Market was valued at USD 4.1 Billion in 2023 and is anticipated to witness a rise at a CAGR of around 6.4% during the forecast period, i.e., 2024-32. There is a rising market for products that promote one's daily well-being quotient. Nutraceuticals are food-based items with extra health benefits on top of their fundamental nutritional value. Their formulation strives to promote general well-being, avert or treat illnesses, and improve health.

Dietary supplements, functional foods, and drinks comprising bioactive substances like vitamins, minerals, antioxidants, probiotics, and herbal extracts are all considered nutraceuticals. Asian brands, Indian brands in particular are budding their market share by announcing healthy, cutting-edge products made using age-old methods. However, the market faces the restraint of high raw material prices, as the UAE imports most dietary supplements from other countries.

Nonetheless, the Nutraceutical Industry is witnessing development potential due to substantial investments from Asian nations, especially India. Also, a major aspect propelling the development of the UAE Nutraceuticals Market is the significant demand for probiotic items due to their compliance in treating ailments related to a certain lifestyle. Owing to this, producers are engaged in creating novel nutraceutical strains to satisfy the increasing demand for dietary supplements.

UAE Nutraceuticals Market Dynamics

  • Increasing Urge to Enhance Individuals' Daily Wellness Quotient Supports the Market Expansion

Numerous Asian brands aim to increase every household's daily wellness quotient by introducing ancient techniques to the UAE market through their cutting-edge & avant-garde solutions. By offering innovative nourishing products, the companies are enthusiastically looking forward to expanding their consumer base in the coming years, further driving the UAE Nutraceuticals Market. For instance, the Ayurvedic nutrition company Kapiva, based in Mumbai, has declared that it plans to expand globally, starting with the UAE and the US. Market-specific customer insights and behavior are the focal points and driving forces behind the company's expansion strategy.

  • High Raw Material Prices Would Hamper the Market for Nutraceuticals in the UAE

Due to its poor capacity to process raw materials for nutraceuticals, such as collagen peptides & branched-chain amino acids, the UAE has historically imported dietary supplements, mainly from China, India, and the US. 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 UAE Nutraceuticals Market has been facing difficulties due to the rising cost of supplements.

  • Massive Investment from Asian Countries, Particularly Indian Brands Presents Lucrative Opportunities

With over 50% of expatriates in Dubai being of Indian origin, particularly with a significant presence of Asian brands, there is a strong likelihood that the initial adoption and awareness of Ayurveda-based Nutraceuticals could experience a notable boost. Consequently, these companies are planning to expedite the development of technology-driven customized products while intensifying their efforts to expand and enhance their growth strategy. For instance, in December 2022, Dubai welcomed the Himalaya Global Wellness Center from India.

The factory has innovative capabilities to create functional foods such as gummies, syrups, pills, capsules, powders, and dietary supplements. Hence, such infrastructural developments are anticipated to develop an internationally competitive science-focused ecosystem, instigating the production of much more innovative and safer nutraceutical products in the future, further enhancing the UAE Nutraceuticals Market size.


UAE Nutraceuticals Market Report and Forecast 2032

  • Growing Appetite for Probiotic Products Owing to Its Versatility in Treating Lifestyle-related Diseases Remained a Key Trend

Manufacturing probiotic supplements for conditions like cardiovascular disease, hypocholesterolemia, bone health, oral health, etc., is expected to elevate the expansion of the UAE Nutraceuticals Market in the years to come, owing to developments in R&D.

The dietary supplement business is being driven to generate new strains of nutraceuticals to lessen patients' pain through heightened awareness of the benefits offered by these supplements. Furthermore, the manufacturers have been forced to create novel probiotic supplements in the previous years with the surge in chronic diseases linked to diet and lifestyle, thus becoming a trend in the market.

UAE Nutraceuticals Market Segment-wise Analysis

By Sales Channel:

  • Online
  • Offline

The suitability of e-commerce platforms and customers' increased health consciousness have contributed to a large increase in Online Sales of nutraceutical items in the United Arab Emirates in recent years. This upsurge has also been attributed to the COVID-19 epidemic and government programs that boost healthy living. Consumers are turning to e-commerce platforms to purchase nutraceutical items owing to the limitations employed on physical businesses and the comfort of online shopping. Thus, as more people place a greater priority on their health, hence the UAE Nutraceutical Market is projected to continue developing in the upcoming years.

By Product Type:

  • Dietary Supplements
  • Proteins & Peptides
  • Vitamins & Minerals
  • Herbals
  • Others (Fatty Acids & Fiber)
  • Functional Foods
  • Probiotics Fortified Food
  • Omega Fatty Acid Fortified Food
  • Branded Ionized Salt
  • Branded Wheat Flour
  • Others (Fortified Rice, Infant Formula, etc.)
  • Functional Beverages
  • Fruit & Vegetable Juices and Drinks
  • Dairy & Dairy Alternative Drinks
  • Non-carbonated Drinks
  • Other (Herbal Tea, Sports Drinks, and Energy Drinks)

Dietary supplements have dominated the UAE Nutraceutical Market and are projected to continue in the forecast years. This is attributed to their high protein, vitamin, and fiber content, which meets the nutritional needs of consumers of all ages. The sedentary lifestyle during work-from-home after the pandemic has weakened bones & muscle strength, leading to chronic pain like backaches. This has increased the demand for extra vitamin & mineral supplements to maintain physical and mental strength.

Given this, vitamin and mineral supplements are witnessing robust growth due to rising health consciousness to combat diseases like diabetes, hypertension, and cardiovascular diseases and the trend towards proper training and nutrition intake for a healthy lifestyle. Therefore, the growing millennial focus on weight management and digestive health nutraceuticals also contributes to the demand for dietary supplements.

What Does Our UAE Nutraceuticals Market Research Study Entail?

  • The UAE 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 UAE 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. Policies and Regulatory Landscape
  7. UAE Nutraceuticals Market Overview (2020-2032)
    1. Market Size (in USD Millions)
  8. UAE Nutraceuticals Market Share, By Product Type (USD Million)
    1. Market Share, By Dietary Supplements
      1. Proteins & Peptides
      2. Vitamins & Minerals
      3. Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals)
      4. Others (Fatty Acids and Fiber)
    2. Market Share, Functional Foods
      1. Probiotics Fortified Food
      2. Omega Fatty Acid Fortified Food
      3. Branded Ionized Salt
      4. Branded Wheat Flour
      5. Others (Fortified Rice, Infant Formula, etc.)
    3. Market Share, By Functional Beverages
      1. Fruit & Vegetable Juices and Drinks
      2. Dairy & Dairy Alternative Drinks
      3. Non-Carbonated Drinks (Bottled Water, Tea, And Coffee)
      4. Other (Herbal Tea, Sports Drinks, And Energy Drinks)
    4. Market Share, By Source
      1. Plant
      2. Animal
      3. Microbial
    5. Market Share, By Form
      1. Tablets and Capsules
      2. Gummies and Soft Gels
      3. Powder & Liquid
    6. Market Share, By Sales Channel (USD Million)
      1. Supermarket/Hypermarket
      2. Specialty Stores
      3. Online
    7. Market Share, By Company
      1. Revenue Shares
      2. Competition Characteristics
  9. UAE Nutraceuticals Market Share, By Region Type (USD Million)
    1. Dubai
    2. Abu Dhabi & Al Ain
    3. Sharjah and Northern Emirates
  10. Competitive Outlook (Company Profiles – Partial List)
    1. Pfizer Inc.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    2. Bayer Middle East FZE
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    3. Vitabiotics Ltd.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    4. Nestlé UAE L.L.C
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    5. Danone
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    6. BASF FZE
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    7. PepsiCo Inc.
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    8. General Mills Inc.
      1.  Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    9. Nature's Way Products, LLC.
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
      5. Financials
    10. Abbott Laboratories S.A
      1. Company Overview
      2. Business Segments
      3. Strategic Alliance/Partnerships
      4. Recent Developments
    11. Others
  11. Contact Us & Disclaimer

List of Figure

Figure 1: UAE Nutraceuticals Market Size, 2020–2032 (USD Million)
Figure 2: UAE Nutraceuticals Market Share, by Product Type, 2020–2032 (USD Million)
Figure 3: Market Share of Dietary Supplements, 2020–2032
Figure 4: Market Share of Proteins & Peptides in Dietary Supplements, 2020–2032
Figure 5: Market Share of Vitamins & Minerals in Dietary Supplements, 2020–2032
Figure 6: Market Share of Herbals (Ayurveda, Plant, Algal, and Phytochemicals), 2020–2032
Figure 7: Market Share of Others (Fatty Acids and Fiber) in Dietary Supplements, 2020–2032
Figure 8: Market Share of Functional Foods, 2020–2032
Figure 9: Market Share of Probiotic Fortified Food, 2020–2032
Figure 10: Market Share of Omega Fatty Acid Fortified Food, 2020–2032
Figure 11: Market Share of Branded Ionized Salt, 2020–2032
Figure 12: Market Share of Branded Wheat Flour, 2020–2032
Figure 13: Market Share of Others (Fortified Rice, Infant Formula, etc.), 2020–2032
Figure 14: Market Share of Functional Beverages, 2020–2032
Figure 15: Market Share of Fruit & Vegetable Juices and Drinks, 2020–2032
Figure 16: Market Share of Dairy & Dairy Alternative Drinks, 2020–2032
Figure 17: Market Share of Non-Carbonated Drinks (Water, Tea, Coffee), 2020–2032
Figure 18: Market Share of Others (Herbal Tea, Sports & Energy Drinks), 2020–2032
Figure 19: Market Share by Source (Plant, Animal, Microbial), 2020–2032
Figure 20: Market Share by Form (Tablets/Capsules, Gummies/Soft Gels, Powder/Liquid), 2020–2032
Figure 21: Market Share by Sales Channel, 2020–2032 (Supermarket/Hypermarket, Specialty Stores, Online)
Figure 22: UAE Nutraceuticals Market Share by Company, 2020–2032
Figure 23: Competitive Characteristics of Key Players in UAE Nutraceuticals Market
Figure 24: UAE Nutraceuticals Market Share, by Region Type, 2020–2032 (USD Million)
Figure 25: Regional Breakdown: Dubai, Abu Dhabi & Al Ain, Sharjah and Northern Emirates

List of Table

Table 1: Objective of the Study
Table 2: Product Definition and Classification of Nutraceuticals
Table 3: UAE Nutraceuticals Market Segmentation Overview
Table 4: Study Variables and Their Definitions
Table 5: Research Methodology Overview
Table 6: Secondary Data Sources Used
Table 7: List of Companies Interviewed
Table 8: Primary Data Sources and Sample Size
Table 9: Regional and Functional Break Down of Primary Interviews
Table 10: Key Market Drivers for UAE Nutraceuticals Industry
Table 11: Key Market Challenges Impacting Growth
Table 12: Opportunity Assessment in the UAE Nutraceuticals Market
Table 13: Recent Trends and Developments in Nutraceuticals Sector
Table 14: Policies and Regulatory Framework in the UAE Nutraceuticals Market
Table 15: UAE Nutraceuticals Market Size, 2020–2032 (USD Million)
Table 16: Market Share, By Product Type, 2020–2032 (USD Million)
Table 17: Market Share Breakdown – Dietary Supplements (2020–2032)
Table 18: Market Share Breakdown – Functional Foods (2020–2032)
Table 19: Market Share Breakdown – Functional Beverages (2020–2032)
Table 20: Market Share, By Source (Plant, Animal, Microbial), 2020–2032
Table 21: Market Share, By Form (Tablets, Gummies, Powders, etc.), 2020–2032
Table 22: Market Share, By Sales Channel (Supermarket/Hypermarket, Specialty, Online), 2020–2032
Table 23: Market Share, By Company – Revenue Comparison
Table 24: Market Share, By Region Type (Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates)
Table 25: Competitive Outlook: Key Company Summary Matrix
Table 26: Pfizer Inc. – Company Overview and Strategic Developments
Table 27: Bayer Middle East FZE – Company Overview and Strategic Developments
Table 28: Vitabiotics Ltd. – Company Overview and Strategic Developments
Table 29: Nestlé UAE L.L.C – Company Overview and Strategic Developments
Table 30: Danone – Company Overview and Strategic Developments
Table 31: BASF FZE – Company Overview and Strategic Developments
Table 32: PepsiCo Inc. – Company Overview and Strategic Developments
Table 33: General Mills Inc. – Company Overview and Strategic Developments
Table 34: Nature's Way Products, LLC – Company Overview and Financials
Table 35: Abbott Laboratories S.A – Company Overview and Strategic Developments

Top Key Players & Market Share Outlook

  • Pfizer Inc.
  • Bayer Middle East FZE
  • Vitabiotics Ltd.
  • Nestlé UAE L.L.C.
  • Danone
  • BASF FZE
  • PepsiCo Inc.
  • General Mills Inc.
  • Nature's Way Products, LLC. 
  • Abbott Laboratories S.A.

Frequently Asked Questions

   A. The UAE Nutraceuticals Market is anticipated to witness a rise at a CAGR of around 6.4% during the forecast period, i.e., 2024-32.

   A. The increasing urge to enhance individuals' daily wellness quotient to drive the UAE Nutraceuticals Market expansion.

   A. The growing appetite for probiotic products owing to their versatility in treating lifestyle-related diseases remained a key trend.

   A. High raw material prices would hamper the market for nutraceuticals in the UAE.

   A. Online sales of nutraceutical products in the UAE have significantly surged in recent years.

   A. Massive investment from Asian countries, particularly Indian brands presents lucrative growth opportunities for the UAE Nutraceuticals Market.

   A. The leading players are Pfizer Inc., Bayer Middle East FZE, Vitabiotics Ltd., Nestlé UAE L.L.C., Danone, BASF FZE, PepsiCo Inc., General Mills Inc., Nature's Way Products, LLC., Abbott Laboratories S.A., Others