Report

UAE Nutraceuticals Market Report and Forecast

106 pages Oct 2024
UAE Nutraceuticals Market Repo

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)...zed 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 :  

    Forbes Logo Forbes Logo Forbes Logo

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 FY32

Description of Image
  • Study Period: 2020- 2032

  • Base Year: 2024

  • CAGR(2024-2032): 6.4%

  • Market Value YYYY: USD 4.1 Billion

  • Major Players: 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, and Others 

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.

  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

please share your details to receive a free sample copy

Full Name*

Company Name*

Business Email*

Country Name*

Contact Number*

Message*