Saudi Arabia Dietary Supplements Market Growth, Size, Trends, Demand, Share and Future Outlook
Saudi Arabia Dietary Supplements Market Size- By Product Type, By Form, By Distribution Channel, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: NUTR2401 | Pages: 1 - 105 | Formats*: |
| Category : Nutraceuticals | |||
Saudi Arabia Dietary Supplements Market Introduction and Overview
According to SPER Market Research, the Saudi Arabia Dietary Supplements Market is estimated to reach USD 1040.79 million by 2033 with a CAGR of 11.43%.
The report includes an in-depth analysis of the Saudi Arabia Dietary Supplements Market, including market size and trends, product mix, applications, and supplier analysis. Dietary supplements are goods that serve to improve the physiological processes of the body and sustain health. It also reduces disease risk and promotes physical and mental health. The supplements help to provide the body with nutrients such minerals, vitamins, fibre, and amino acids.
- In January 2023, Nutrigums, a UK-based functional gummy company, announced plans to expand into three new Middle Eastern regions. The company's recent multi-million-pound partnership in Saudi Arabia opens up a prospective worldwide market for its gummy vitamins. Nutrigums has established exclusive distribution ties with renowned distributors in Kuwait and Palestine.
- Herbalife has introduced a new line of protein supplements to the Saudi market, including whey protein, soy protein, and plant-based protein supplements. The pills are designed to help people maintain healthy muscle mass and recuperate from activity.
Market Opportunities and Challenges
Opportunities
Increasing consumer healthcare expenses. The Middle East has seen an increase in consumer healthcare product sales, which is expected to continue during the projected period. Healthcare spending has increased in many nations over the last decade or two, and Saudi Arabia is following suit, thanks to greater health awareness and lifestyle changes among its citizens. People are becoming increasingly concerned about their health. They seek to improve their health and well-being through proper diet, which has led to an increase in sales of consumer health care items. People are looking for immune-boosting items including probiotics, herbal supplements, vitamins, and minerals to help them treat a variety of conditions.
Challenges
Expensive Dietary Supplement Products The high cost of premium-sized supplements, combined with the rising cost of standard dietary supplements, may hinder market growth throughout the projection period. Furthermore, rising customer demand for organic products may hinder product growth. Market companies, on the other hand, are gradually applying current technology for supplement manufacturing in order to minimise costs.
Strict regulations Increased awareness of well-being and illness prevention, fast internet penetration, and the capacity to access online websites and portals of global healthcare industry companies are all important market growth drivers. As the sector expands, there is a greater need for government intervention and more controls on supplement efficacy, which may limit market growth.
Market Competitive Landscape
The Saudi dietary supplement market is fragmented and competitive. Many foreign and local companies are employing a variety of techniques to stay competitive. Major corporations include Bayer Saudi Arabia LLC, Procter & Gamble Company, Abbott Saudi Arabia Trading LLC, and Pfizer Saudi Limited.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Form, By Distribution Channel, By Application, By End User |
| Regions covered | Riyadh, Jeddah, Dammam, Rest of Saudi Arabia |
| Companies Covered | Bayer Saudi Arabia, LLC, Amway Corp, Herbalife Nutrition Ltd, Abbott Saudi Arabia Trading LLC, Pfizer Saudi Limited, Glaxo Saudi Arabia Limited, Glanbia Performance Nutrition Inc, The Archer-Daniels-Midland Company, ARKOPHARMA Laboratories Company Limited, Bionova Lifesciences Pvt Ltd. |
COVID-19 Impact on Saudi Arabia Dietary Supplements Market
Sales of nutritional supplements, probiotic supplements, fatty acids, protein supplements, vitamins, and minerals have skyrocketed, owing to the evident long-term impact of coronavirus infection on humans. Consumers saw health and weight management in a new perspective as a result of unforeseen lifestyle changes, with consumers anxious about becoming less active or gaining weight during the lockdown and pandemic. The COVID-19 epidemic has highlighted the necessity of taking personal responsibility for one's health and making lifestyle adjustments to improve one's quality of life. With greater knowledge of the benefits of dietary supplements in the fight against the pandemic, the market is likely to develop even faster throughout the forecast period.
Key Target Audience:
- Health-Conscious Consumers
- Aging Population
- Pregnant Women and New Mothers
- Children and Adolescents
- Individuals with Specific Health Conditions
- Athletes and Bodybuilders
- Busy Professionals
- Lifestyle and Diet-Conscious Individuals
Our in-depth analysis of the Saudi Arabia Dietary Supplements Market includes the following segments:
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Key Topics Covered in the Report:
- Saudi Arabia Dietary Supplements Market Size (FY'2024-FY'2033)
- Overview of Saudi Arabia Dietary Supplements Market
- Segmentation of Saudi Arabia Dietary Supplements Market By Product Type (Combination Dietary Supplements, Vitamins, Herbal Supplements, Fish Oil & Omega Fatty Acid, Proteins, Others)
- Segmentation of Saudi Arabia Dietary Supplements Market By Form (Tablets, Capsules, Powder, Liquids, Soft Gels)
- Segmentation of Saudi Arabia Dietary Supplements Market By Distribution Channel (Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online, Others)
- Segmentation of Saudi Arabia Dietary Supplements Market By Application (Energy & Weight Management, General Health, Bone & Joint Health, Immunity, Others)
- Segmentation of Saudi Arabia Dietary Supplements Market By End User (Infants, Children, Adults, Pregnant Females, Geriatric)
- Statistical Snap of Saudi Arabia Dietary Supplements Market
- Expansion Analysis of Saudi Arabia Dietary Supplements Market
- Problems and Obstacles in Saudi Arabia Dietary Supplements Market
- Competitive Landscape in the Saudi Arabia Dietary Supplements Market
- Impact of COVID-19 and Demonetization on Saudi Arabia Dietary Supplements Market
- Details on Current Investment in Saudi Arabia Dietary Supplements Market
- Competitive Analysis of Saudi Arabia Dietary Supplements Market
- Prominent Players in the Saudi Arabia Dietary Supplements Market
- SWOT Analysis of Saudi Arabia Dietary Supplements Market
- Saudi Arabia Dietary Supplements Market Future Outlook and Projections (FY'2024-FY'2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Saudi Arabia Dietary Supplements Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Saudi Arabia Dietary Supplements Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Dietary Supplements Market
7. Saudi Arabia Dietary Supplements Market, By Product Type (USD Million) 2020-2033
7.1. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Product Type, 2020-20267.2. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Product Type, 2027-20337.3. Combination Dietary Supplements7.4. Vitamins7.5. Herbal Supplements7.6. Fish Oil & Omega Fatty Acid7.7. Proteins7.8. Others
8. Saudi Arabia Dietary Supplements Market, By Form (USD Million) 2020-2033
8.1. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Form, 2020-20268.2. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Form, 2027-20338.3. Tablets8.4. Capsules8.5. Powder8.6. Liquids8.7. Soft Gels
9. Saudi Arabia Dietary Supplements Market, By Distribution Channel (USD Million) 2020-2033
9.1. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Pharmacies and Drug Stores9.4. Supermarkets and Hypermarkets9.5. Online9.6. Others
10. Saudi Arabia Dietary Supplements Market, By Application (USD Million) 2020-2033
10.1. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Application, 2020-202610.2. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By Application, 2027-203310.3. Energy & Weight Management10.4. General Health10.5. Bone & Joint Health10.6. Immunity10.7. Others
11. Saudi Arabia Dietary Supplements Market, By End User (USD Million) 2020-2033
11.1. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By End User, 2020-202611.2. Saudi Arabia Dietary Supplements Market Size, Share and Forecast, By End User, 2027-203311.3. Infants11.4. Children11.5. Adults11.6. Pregnant Females11.7. Geriatric
12. Saudi Arabia Dietary Supplements Market Forecast, 2020-2033 (USD Million)
12.1. Saudi Arabia Dietary Supplements Market Size and Market Share
13. Saudi Arabia Dietary Supplements Market, By Region, 2020-2033 (USD Million)
13.1. Saudi Arabia Dietary Supplements Market Size and Market Share By Region (2020-2026)13.2. Saudi Arabia Dietary Supplements Market Size and Market Share By Region (2027-2033)13.2.1. Riyadh13.2.2. Jeddah13.2.3. Dammam13.2.4. Rest of Saudi Arabia
14. Company Profile
14.1. Bayer Saudi Arabia, LLC14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments14.2. Amway Corp14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments14.3. Herbalife Nutrition Ltd14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments14.4. Abbott Saudi Arabia Trading LLC14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments14.5. Pfizer Saudi Limited14.5.1. Company details14.5.2. Financial outlook14.5.3. Product summary14.5.4. Recent developments14.6. Glaxo Saudi Arabia Limited14.6.1. Company details14.6.2. Financial outlook14.6.3. Product summary14.6.4. Recent developments14.7. Glanbia Performance Nutrition Inc14.7.1. Company details14.7.2. Financial outlook14.7.3. Product summary14.7.4. Recent developments14.8. The Archer-Daniels-Midland Company14.8.1. Company details14.8.2. Financial outlook14.8.3. Product summary14.8.4. Recent developments14.9. ARKOPHARMA Laboratories14.9.1. Company details14.9.2. Financial outlook14.9.3. Product summary14.9.4. Recent developments14.10. Bionova Lifesciences Pvt Ltd14.10.1. Company details14.10.2. Financial outlook14.10.3. Product summary14.10.4. Recent developments14.11. OTHERS
15. Conclusion
16. List of Abbreviations
17. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Saudi Arabia Dietary Supplements Market is projected to reach USD 1040.79 million by 2033, growing at a CAGR of 11.43% during the forecast period.
Saudi Arabia Dietary Supplements Market grew in market size from 2024. The Market is expected to reach USD 1040.79 million by 2033, at a CAGR of 11.43% during the forecast period.
Saudi Arabia Dietary Supplements Market CAGR of 11.43% during the forecast period.
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Saudi Arabia Dietary Supplements Market size is USD 1040.79 million from 2024 to 2033.
Saudi Arabia Dietary Supplements Market Segment is Covered By Product Type, By Form, By Distribution Channel, By Application, By End User.
The Middle East region is anticipated to have the highest market share in Saudi Arabia Dietary Supplements Market.
The key players in the market include Companies Covered Bayer Saudi Arabia LLC, Amway Corp, Herbalife Nutrition Ltd, Abbott Saudi Arabia Trading LLC, Pfizer Saudi Limited, Glaxo Saudi Arabia Limited, Glanbia Performance Nutrition Inc, The Archer-Daniels-Midland Company, ARKOPHARMA Laboratories, Bionova Lifesciences Pvt Ltd.
The Middle East has seen an increase in consumer healthcare product sales, which is expected to continue during the projected period. Healthcare spending has increased in many nations over the last decade or two, and Saudi Arabia is following suit, thanks to greater health awareness and lifestyle changes among its citizens.
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