The nutritional supplements are any dietary supplement that is intended to deliver nutrients that may otherwise not be consumed in sufficient quantities likewise proteins, vitamins, minerals, amino acids or several other nutritional substances. The products are primarily ingested in tablet, capsule and liquid form.
According
to the report analysis, ‘UAE
Nutritional Supplements Market Outlook to 2023 - by Vitamins & Dietary
Supplements (Protein Supplements, Non-Herbal Dietary Supplements Composites,
Fish Oils/Omega Fatty Acids, Glucosamine, Co-Enzyme Q 10, Herbal Dietary
Supplements Composites, Yeast, Garlic, Ginko Biloba), Functional Foods (Dairy,
Baby Food, Breakfast Cereals, Cooking Oil Confectionary, Sweet Biscuits, Snack
Bars and Fruit Snacks) and Functional Beverages (Energy Drink, FF Concentrates,
Sports Drink, and Bottled Water)’ states that UAE Nutritional
Supplements market grew at a greater single digit growth rate over the foreseen
period of 2013-2018. The market growth was assisted by the growing health
awareness, government initiatives, and growth in the personal disposable income
of the individuals, growth in ageing population, and precautionary nature of
the age group (25-45 years). The market was witnessed in the late growth stage
and will endure to remain so in the forecasted duration, 2018-2023.
A
change in consumption trend has been witnessed in the UAE health and wellness
industry, wherein the consumers are aiming more on the precautionary healthcare
from taking health supplements in the old age to a shift in growing consumption
of supplements in the earlier ages in order to safeguard them from permanently relying
on pharmaceutical drugs. Nutritional Supplements are positioning itself as
natural and healthy substitute to traditional medicine in the country.
Functional
Food sector was the leading category in the market during 2018. The high
consumption of dairy products particularly dairy based yogurt throughout the
Ramazan season is one of the foremost growth drivers for the products around
the UAE market. This segment was followed by the Functional Beverages market.
Energy
drinks was the most underwriting category in the development of the Functional
Beverages market. It is greatly consumed by the teenagers and young adults. The
market weakened after the implementation of 100% excise duty on the energy
drinks during October 2017.
The
remaining contribution in the market is made by the Vitamins and Dietary
Supplements during 2018. The market has developed owing to the growth in
participation of individuals in the sports and fitness activities, awareness
towards the anti-aging and detoxification issues and several other reasons.
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Competition
in the UAE Functional Food market was witnessed to be moderately concentrated
with foremost five players that captured almost three fourth of the segment
revenue during 2018. The market has large existence of famous multinational
giants with a little existence of domestic players. Major players in the UAE
Functional Food market are Nestle S.A., Danone Group, Kellogg Company, Al
Rawabi Dairy Company and IFFCO Group and others. Over the years, the
competition is becoming powerful and fierce as the companies are aiming towards
advancing the quality of their products.
At
Ken Research, the report on UAE Nutritional Supplements market delivers a
comprehensive analysis of the nutritional supplements market in the UAE. The
report also covers the overview and genesis of the industry, whole market size
in terms of revenue, division on the basis of product category and channels of
distribution for functional foods, functional beverages and vitamins &
dietary supplements, trends and developments, issues and challenges,
regulations in the UAE, value chain analysis, SWOT analysis, entry barriers,
competitive insights and company profiles. The report concludes with market
projection and analyst recommendations importance the foremost opportunities
and cautions.
The
UAE Nutritional
Supplements Market is predicted to develop in the future with a single
digit CAGR over the review period (2018-2023E). In Future, it is estimated that
Functional Food will continue to register the market, withmore than half of the
total revenues. The dairy products will be the most required category in the
functional food market and in dairy products, yogurts will be the most
necessitated product.
UAE
Functional Beverages is predicted to have sluggish growth in the future, majorly
as the market will cope with the decline owing to implementation of excise tax
on energy drinks. During 2020, a new excise tax of 50% will be further employed
on the drinks containing sugary content and sweeteners. FF Soft Drinks will endure
to be the leading category in the functional beverages market during 2023.
Market will observe introduction of new products comprising more of the natural
content such as natural sweeteners, fruit mixtures and several others.
Vitamins
and dietary supplements market will have the least market share among all the
three categories in nutritional supplements market by the year 2023. Standard
Vitamins and Dietary Supplements will be principal the market by capturing most
of the market by the end of the year 2023. In future, it is predicted that
vitamins are estimated to lead the vitamins and dietary supplements by the year
2023.
For
More Information, refer to below link:-
UAE
Nutritional Supplements Market Size
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