Showing posts with label Saudi Arabia Nutraceuticals Industry. Show all posts
Showing posts with label Saudi Arabia Nutraceuticals Industry. Show all posts

Friday, November 8, 2019

Saudi Arabia Nutraceutical Market is Largely Dominated by Foreign Players across the Entire Value Chain, however the government’s target for Increased Saudization is Changing the Scenario: Ken Research

Saudi Arabia Nutraceutical Market: - “Saudi government is focused on controlling the health of its citizens and is taking various actions to control the sale of products having health hazards. It has imposed 100% sin tax on energy drinks and is putting curbs on wrongful advertising about health benefits on various products.”
Analysts at Ken Research in their latest publication “Saudi Arabia Nutraceuticals Market Outlook to 2023” expect that energy drinks will gain the lost market due to high taxes as there is no alternative substitute. Vitamins and dietary supplements along with functional food will become the key segment in controlling lifestyle diseases. It is expected that the Saudi Arabia Nutraceutical market will register a five-year positive CAGR during the period 2018-2023.
Saudi Arabia Nutraceuticals Market
The market is a mix of matured and growth stages depending on the product to product. It is matured for prescription based vitamins and dietary supplements but the potential exists for many functional food and beverages which can easily make their entry in the FMCG sector. Nutraceutical segments have positioned as natural as well as a healthy alternative to traditional medicine.
Changes in Tax Structure: The Saudi government has made significant changes in the tax structure of the nutraceutical products sold in the domestic market. In June 2017, the government implemented 100% sin tax on energy drinks. In 2015, change in policy further led to a decline in the retail price of vitamins and minerals sold in Saud Arabia. This has resulted in a negative impact on the revenue, due to which consumer spending decreased to some extent in the market.
Amplified Demand from Pediatric Population: Parents are becoming more concerned about their child’s health, growth, and nutrition and were further witnessed to spend any amount of significant money over necessity products, especially for babies. The Saudi Arabia nutraceuticals market is largely dominated by functional food. Baby food and milk formula are the largest segments in demand for functional food. Supermarkets and hypermarkets are the largest source for selling functional and baby food items and are followed by local grocery shops. Collectively, they account for the majority of the sales of functional food. Remaining sales are executed through pharmacies, and convenience stores.
Key Segments Covered:-
Vitamins and Dietary Supplements:
By Standard and herbal/Traditional Vitamins & Dietary Supplements
By Type of Dietary Supplements (Standard/Non-Herbal and Herbal/Traditional)
By Positioning of Dietary Supplements (Bone, Joint, Sexual Health, General Health, Immune System, Heart Health, Digestive, Energy and Others)
By Distribution Channel (Drugstores/ Parapharmacies, Direct Selling and Internet Selling, Other Healthcare Specialist Retailers, Supermarkets and Hypermarkets)
Functional Foods:
By Type of Functional Foods (Dairy, Baby Food, Breakfast Cereals, Edible Oil and Confectionary)
By Distribution Channel (Hypermarket and Supermarket, Independent and Small Grocery Retailer, and Other Convenience Stores, Online Retailing, Restaurants, Food Kiosks and Others)
Functional Beverages:
By Product Category (Cold Drinks and Hot Drinks)
By Soft Drinks (Energy Drink, FF Concentrates, Sports Drink, and Vegetable/fruit Juice)
By Distribution Channel (Hypermarket and Supermarket, Independent and Small Grocery Retailer, and Other Convenience Stores, Online Retailing, Restaurants, Food Kiosks and Others
Key Target Audience:-
Nutritional Supplements Manufacturers
Nutritional Supplements Distributors
Nutraceuticals Distributors
Government Agencies
Vitamins and Dietary Supplements Companies
Functional Foods Companies
Functional Beverages Companies
Hypermarkets and Supermarkets
Drug Stores and Pharmacies Chain
Online Sales and Retailing Agencies
Time Period Captured in the Report:-
Historical Period: 2013- 2018
Forecast Period: 2019 -2023
Companies Covered:-
Vitamins and Dietary Supplements:
Pfizer Inc
Bayer AG
Vitabiotics Ltd
Jamjoom Pharma
Procter & Gamble Co, The
Laboratoires Arkopharma SA
General Nutrition Centers Inc
Sanofi
Functional Foods:-
Nestlé SA
Danone, Groupe
Almarai Co Ltd
RONESCA
Abbott Laboratories Inc
PepsiCo Inc
Functional Beverages:-
Abuljadayel Beverages Industries Llc
ALJSR Global Co
Red Bull GmbH
Mondelez International Inc
Spitz GesmbH, S
Nestlé SA
Key Topics Covered in the Report:-
Supplements in Saudi Arabia
Dietary Supplements in Saudi Arabia
Saudi Arabia Functional Dairy Market
Saudi Arabia Reduced Fat Milk Market
International nutritional Supplement Companies Saudi Arabia
GCC Nutritional Supplements Market
GCC Vitamins and Dietary Supplements Market
Middle East Nutritional Supplement Market
Middle East Functional Beverage Market
Middle East Dietary Supplements Market
Vitamin producing Companies in the Kingdom
Dietary Supplement Companies in KSA
Herbal Vitamins Market Saudi Arabia
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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Location: Saudi Arabia

Thursday, November 7, 2019

Saudi Arabia Nutraceuticals Market Outlook to 2023: Ken Research

Saudi Arabia Nutraceuticals Market:- The report titled “Saudi Arabia Nutraceuticals Market Outlook to 2023 – By Vitamins and  Dietary Supplements, Functional Foods (Dairy, Baby Food, Breakfast Cereals, Edible Oil, and Confectionary) and Functional Beverages (Energy Drinks, Concentrates, Fruit/Vegetable Juices, and Sports Drinks)” provides a comprehensive analysis of the nutraceuticals the market  in the Kingdom of Saudi Arabia. The report also covers the overview and the genesis of the industry, overall market size in terms of revenue, segmentation on the basis of product category and channels of distribution for functional foods, functional beverages and vitamins & dietary supplements; trends and developments, issues & challenges, regulatory environment, entry barriers, comparative landscape including competitive scenario, market share, brand share and company profiles. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
Saudi Arabia Nutraceuticals Market
Saudi Arabia Nutraceuticals Market Overview and Size
Saudi Arabia's nutraceuticals market grew at a slower single-digit growth rate over the review period 2013-2018. The KSA market was evaluated at a growing varying from one product to another. Also, the market has attained maturity for prescription based vitamins and dietary supplements but the potential exists for many functional food and beverage players which can easily make their entry into the FMCG sector. Nutraceutical ingredients have positioned as natural and healthy alternatives to traditional medicine. Baby food remains the most dominant segment of the market and demand for energy drinks was negatively impacted by the imposition of sin tax (100%) and ban of sales in schools and government institutions and a complete ban on advertising.
Saudi Arabia Nutraceuticals Market Segmentation
Demand for food supplements was slow mainly due to the fact that strict guidelines have been passed to control the misguiding claims regarding health benefits. Popular products are from leading pharma companies who have been operating in Saudi for a very long time. Functional beverages registered a constant increase in revenue from 2013-2015, before registering a minor decline in 2016 due to a ban on advertising on energy drinks and a drastic decline in 2018 due to the imposition of sin tax in 2017. Functional foods are majorly popular among the city population and ex-pats. Fortified products are being promoted as a healthy alternative to traditional food.
Comparative Landscape in Saudi Arabia Nutraceuticals Market
Functional Foods Market:
 Major players operating within the country’s functional foods market include Nestle, Almarai, Alsafi Danone, Pepsi, and others who sell functional foods belonging to various segments such as baby food, dairy, confectionery items, breakfast cereal, sweet biscuits, snack bars, and fruit snacks and other segments.  Nestle was leading amongst global players and has been an active player in baby food and fortified food market thus, attaining the position of a market leader during 2018.
Functional Beverages Market: 
The functional beverages market in Saudi Arabia is dominated by domestic companies such as Abuljadayel Beverages Limited, ALJSR, and others. Abuljadayel Beverages Limited is the manufacturer of one of the bestselling energy drinks Bison. ALJSR has emerged as leader in the market with Code Red as a major brand. International players also have a major presence in the form of liquid and powder beverages. Tang is very popular in Saudi Arabia and the majority of the sales are registered during the period of Ramadan (a holy month for fasting). International beverage brand such as Pepsi and Coca Cola have a small presence in fortified beverages segment.
Vitamins & Dietary Supplements Market: 
Competition stage within the Saudi Arabia V&D supplements market was witnessed as moderately fragmented with the top 6 players capturing majority more than half of the market revenues during 2018. Pfizer is the biggest company in terms of sales revenue accounting for nearly a fifth of the sales in 2018. It was followed by Bayer Jamjoon and P&G. Jamjoon pharma was the only major domestic players active in vitamins and dietary supplements market of KSA.
Saudi Arabia Nutritional Supplements Market Future Outlook and Projections
The market revenues are expected to register a positive CAGR during the forecasted period 2019-2023; however, drag will be faced due to a decline in the demand for energy drinks. Expected growth and popularity of this industry can be directly linked along with consumers’ rising inclination towards health and wellness. Rising the shift towards preventive therapies along with rising disposable income have given a boost to the demand for nutraceutical products in the KSA region. As a result of which, several pharmaceutical and nutraceutical companies including FMCG companies are expected to enter this segment/space, realizing that nutraceutical products can be adopted as a perfect substitute for their therapeutic products. Many traditional players are entering the herbal and nutraceutical products market as well which have been gaining popularity in the country.
Key Segments Covered:-
Vitamins and Dietary Supplements:
By Standard and herbal/Traditional Vitamins & Dietary Supplements
By Type of Dietary Supplements (Standard/Non-Herbal and Herbal/Traditional)
By Positioning of Dietary Supplements (Bone, Joint, Sexual Health, General Health, Immune System, Heart Health, Digestive, Energy and Others)
By Distribution Channel (Drugstores/ Parapharmacies, Direct Selling and Internet Selling, Other Healthcare Specialist Retailers, Supermarkets and Hypermarkets)
Functional Foods:
By Type of Functional Foods (Dairy, Baby Food, Breakfast Cereals, Edible Oil and Confectionary)
By Distribution Channel (Hypermarket and Supermarket, Independent and Small Grocery Retailer, and Other Convenience Stores, Online Retailing, Restaurants, Food Kiosks and Others)
Functional Beverages:
By Product Category (Cold Drinks and Hot Drinks)
By Soft Drinks (Energy Drink, FF Concentrates, Sports Drink, and Vegetable/fruit Juice)
By Distribution Channel (Hypermarket and Supermarket, Independent and Small Grocery Retailer, and Other Convenience Stores, Online Retailing, Restaurants, Food Kiosks and Others

 Key Target Audience:-
Nutritional Supplements Manufacturers
Nutritional Supplements Distributors
Nutraceuticals Distributors
Government Agencies
Vitamins and Dietary Supplements Companies
Functional Foods Companies
Functional Beverages Companies
Hypermarkets and Supermarkets
Drug Stores and Pharmacies Chain
Online Sales and Retailing Agencies
Time Period Captured in the Report:-
Historical Period: 2013- 2018
Forecast Period: 2019 -2023
Companies Covered:-
Vitamins and Dietary Supplements:
Pfizer Inc
Bayer AG
Vitabiotics Ltd
Jamjoom Pharma
Procter & Gamble Co, The
Laboratoires Arkopharma SA
General Nutrition Centers Inc
Sanofi
Functional Foods:-
Nestlé SA
Danone, Groupe
Almarai Co Ltd
RONESCA
Abbott Laboratories Inc
PepsiCo Inc
Functional Beverages:-
Abuljadayel Beverages Industries Llc
ALJSR Global Co
Red Bull GmbH
Mondelez International Inc
Spitz GesmbH, S
Nestlé SA
Key Topics Covered in the Report:-
Saudi Arabia Nutritional Supplement Market Overview and Genesis
Saudi Arabia Nutritional Supplement Market Size
Saudi Arabia Nutritional Supplement Market Segmentation
Saudi Arabia Vitamins & Dietary Supplements Market
Saudi Arabia Functional Foods Market
Saudi Arabia Functional Beverages Market
Trends and Developments in Saudi Arabia Nutritional Supplement Market
Regulations in Saudi Arabia Nutritional Supplement Market
Issues and Challenges in Saudi Arabia Nutritional Supplement Market
SWOT Analysis of Saudi Arabia Nutritional Supplement Market
Entry Barriers of Saudi Arabia Nutritional Supplement Market
Saudi Arabia Nutritional Supplement Market Future Projections, 2018-2023E
Analyst Recommendations
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Posted by at No comments:
Labels: , , ,
Location: Saudi Arabia
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