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GCC Nutraceuticals Market Analysis, 2021

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  • 178 Pages
  • April 2021
  • Region: Middle East
  • MarkNtel Advisors LLP
  • ID: 5439545

Market Overview

Nutraceuticals are products deriving from food sources that exhibit extra health benefits besides the usual nutrition found in food. They also promote general wellbeing and provides several health benefits.

According to the publisher's research report, GCC Nutraceuticals Market Analysis, 2021, the market is likely to grow at a CAGR of around 9% during 2021-26. The market growth attributes to rising health concerns regarding lifestyle-related illnesses like obesity and diabetes. Due to increasing consumer awareness, there is a surge in demand for safe and clean label products, thereby fueling the growth of the nutraceuticals market.

Moreover, the increasing awareness regarding their benefits and the growing popularity of customized nutrients are a few more factors propelling the demand for nutraceutical products.

Impact of COVID-19

The spread of the coronavirus pandemic is boosting the prospects of the GCC Nutraceutical Market due to an increase in consumers' preference toward taking preventive healthcare conditions through immunity-booster supplements.

Further, the lockdown imposition adversely affected the imports & exports of these products and hindered the market growth. However, the e-commerce channel will aid the revenue from the nutraceutical market as it will eliminate the potential losses that occurred from travel restrictions during lockdowns.

Market Segmentation

Vitamins & Minerals Accounted for the Largest Market Share

The Product Type-based segments of the GCC Nutraceutical Market are Dietary Supplements, Functional Foods, and Functional Beverages. The Dietary Supplement further bifurcates into Proteins & Peptides, Vitamins & Minerals, Herbals, and Others. Among these, Vitamins & Minerals segment acquired the largest share in the market in 2019 due to the shift of consumers' preference toward adopting cheaper alternatives instead of traditional medical care, like visiting clinics and taking prescription-based drugs.

However, the absence of legible regulatory and fragmented buyer & supplier base are the most significant threats that could limit the growth of the nutraceutical market in GCC nations, says the author' in their research report GCC Nutraceuticals Market Analysis, 2021.

Plant-Based Nutraceuticals Grabbed the Largest Market Share

Based on the Source, the market is into the plant, animal, and microbial segments. In 2019, the plant-based nutraceutical segment held the largest share in the GCC Nutraceutical Market.

Further, the surge in the vegan population is the primary factor that is likely to fuel the demand for plant-based nutraceuticals. Additionally, it boosts the immune system as plant-based products contain the most crucial nutrition that is not there in other foods.

Regional Landscape

Saudi Arabia Dominated the Market

Region-wise, Saudi Arabia accounted for the largest share in the GCC Nutraceutical Market in 2019. There is an enormous lifestyle transformation and a shift in diet & physical activity patterns in the country due to the increasing prevalence of obesity & hypertension, thereby soaring the demand for nutraceutical products in Saudi Arabia.

However, there is still a lack of specific nutrients that nutraceutical products can supplement. Hence, there is a tremendous scope of increasing the product portfolio under the nutraceutical market.

Market Driver

Increasing Use of Nutraceuticals as Immunity Boosters Favors the Market Growth

The rising awareness regarding the balanced diet astronomically fuels the need for nutraceutical products. The growing demand for the treatment of lifestyle-based diseases like obesity and cardiovascular diseases shall certainly augment the growth of the nutraceutical market over the forecast period. Further, the snowballing inclination of people toward a healthy diet and burgeoning need for functional foods offers various lucrative opportunities for market growth.

Competitive Landscape

According to the publishers, the major leading players in the GCC Nutraceuticals market are Pfizer Inc, Bayer AG, Vitabiotics Ltd, Perrigo Company PLC, Nestlé SA, Danone, BASF S.A., PepsiCo Inc, General Mills, Almarai Co Ltd.

Key Questions Answered in the Market Research Report:

1. What are the primary overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Nutraceuticals Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current, and future trends, and regulations in the GCC Nutraceuticals Market?
4. Who are the key competitors, their key strengths and weaknesses, and how they perform in GCC Nutraceuticals Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the GCC Nutraceuticals Market study?

Table of Contents

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface3. Executive Summary4. Impact of COVID-19 on GCC Nutraceuticals Market
5. GCC Nutraceuticals Market Outlook, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Revenues
5.2. Market Share & Analysis
5.2.1. 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 Other 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)
5.2.2. By Source Plant Animal Microbial
5.2.3. By Form Capsules Tablets, & Soft gels Powder and Liquid & Gummies
5.2.4. By Distribution Channel Store-Based Supermarkets & Hypermarkets Specialty Stores Others Non-Store-Based
5.2.5. By Country UAE Saudi Arabia Bahrain Oman Qatar Kuwait
5.2.6. By Company Competition Characteristics Market Share & Analysis Competitive Matrix
6. UAE Nutraceuticals Market Outlook, 2016-2026F
6.1. Market Size & Analysis
6.1.1. Revenues
6.2. Market Share & Analysis
6.2.1. By Product Type
6.2.2. By Source
6.2.3. By Form
6.2.4. By Distribution Channel
7. Saudi Arabia Nutraceuticals Market Outlook, 2016-2026F
7.1. Market Size & Analysis
7.1.1. Revenues
7.2. Market Share & Analysis
7.2.1. By Product Type
7.2.2. By Source
7.2.3. By Form
7.2.4. By Distribution Channel
8. Bahrain Nutraceuticals Market Outlook, 2016-2026F
8.1. Market Size & Analysis
8.1.1. Revenues
8.2. Market Share & Analysis
8.2.1. By Product Type
8.2.2. By Source
8.2.3. By Form
8.2.4. By Distribution Channel
9. Oman Nutraceuticals Market Outlook, 2016-2026F
9.1. Market Size & Analysis
9.1.1. Revenues
9.2. Market Share & Analysis
9.2.1. By Product Type
9.2.2. By Source
9.2.3. By Form
9.2.4. By Distribution Channel
10. Qatar Nutraceuticals Market Outlook, 2016-2026F
10.1. Market Size & Analysis
10.1.1. Revenues
10.2. Market Share & Analysis
10.2.1. By Product Type
10.2.2. By Source
10.2.3. By Form
10.2.4. By Distribution Channel
11. Kuwait Nutraceuticals Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.1.1. Revenues
11.2. Market Share & Analysis
11.2.1. By Product Type
11.2.2. By Source
11.2.3. By Form
11.2.4. By Distribution Channel
12. GCC Nutraceuticals Market Dynamics
12.1. Growth Drivers
12.2. Challenges
12.3. Impact Analysis
13. GCC Nutraceuticals Market Policies, Regulations, Product Standards14. GCC Nutraceuticals Market Trends & Insights15. GCC Nutraceuticals Market Hotspot & Opportunities16. GCC Nutraceuticals Market Key Strategic Imperatives for Success & Growth
17. Competition Outlook
17.1. Competition Matrix
17.1.1. Product/ Solution Portfolio
17.1.2. Target Markets
17.1.3. Research & Development
17.1.4. Strategic Alliances
17.1.5. Strategic Initiatives
17.2. Company Profiles of Top Companies (Business Description, Product Segment, Business Segment, Financials, Strategic Alliances or Partnerships, Future Plans)
17.2.1. Pfizer Inc
17.2.2. Bayer AG
17.2.3. Vitabiotics Ltd
17.2.4. Perrigo Company PLC
17.2.5. Nestlé SA
17.2.6. Danone
17.2.7. BASF S.A.
17.2.8. PepsiCo Inc
17.2.9. General Mills
17.2.10. Almarai Co Ltd
18. Disclaimer

Companies Mentioned

  • Pfizer Inc
  • Bayer AG
  • Vitabiotics Ltd
  • Perrigo Company PLC
  • Nestlé SA
  • Danone
  • BASF S.A.
  • PepsiCo Inc
  • General Mills
  • Almarai Co Ltd