Many new companies and brands are expected to dominate the fortified fruit and vegetable juice market in Saudi Arabia. Domestic companies are expected to dominate the market in terms of new entrants.
- Move to improve the Saudisation of the retail sector in Saudi Arabia is expected to give a boost to the organized retail sector thereby, leading to the increased share of the supermarket, hypermarket, and convenience stores in the future.
- Regulations governing the nutraceutical market is expected to be formalized, and specific regulation pertaining to each key segment is to be promulgated by the government.
The Saudi Arabia nutraceuticals market is in different stages of growth for different products. It is expected to register positive growth across all its segments. Its sales channel is expected to become more formal and organized with increased Saudisation. Domestic companies are expected to gain dominance in the beverages segment and also emerge as key players in the functional food market.
Changed Lifestyle and Food Habits: There has been a very huge transformation in lifestyle and eating habits of Saudi nationals over the years. Saudi Arabia is a developed nation and child and adult nutrition is not a major issue. However, there is a lack of specific nutrients that are easily supplemented by nutraceutical products. There has been a massive shift in diet and physical activity patterns owing to the increasing prevalence of obesity, hypertension and other related problems. Saudi Arabia ranks 13th in the world by the prevalence of obesity (body mass index [BMI] ≥30 kg/m2), which has seen a steady increase over the last four decades increasing from 10.8% in 1975 to more than 35% in 2018.
Saudization of Nutraceutical Sector: Saudi government is promoting the Saudization of industries and this has helped in the establishment of many local manufacturing companies in various FMCG, Pharma and similar products. Production of nutraceuticals in the FMCG segment is on the rise from the local manufacturers. Products related to milk are now locally manufactured from the milk imported from other countries. National Industrial Clusters Development Programme has pharmaceuticals as one of six major industries targeted by the drive to promote domestic manufacturing.
Analysts at Ken Research in their the latest publication “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)” 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.
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:-
Middle East Functional Beverage Market
Digestive Dietary Supplements in Saudi Arabia
GCC Functional Food Market
Beauty Dietary Supplement in Saudi Arabia
Vitamins and Dietary Supplements in Saudi Arabia
Saudi Arabia Multivitamin Supplements Market
Supplements Market in Saudi Arabia
Dietary Supplements in Saudi Arabia
Middle East Nutritional Supplement Market
Middle East Dietary Supplements Market
Soft Drink Companies in KSA
Energy Drinks Market Saudi Arabia
Saudi Arabia Sports Drinks Market
Vitamin producing Companies in the Kingdom
For More Information On The Research Report, Refer To Below Link:-
Related Reports by Ken Research:-
+91-9015378249
