UAE Nutraceuticals Market Insights & Analysis
The UAE Nutraceuticals Market was valued at USD 4.1 Billion in 2023 and is anticipated to witness a rise at a CAGR of around 6.4% during the forecast period, i.e., 2024-32. There is a rising market for products that promote one’s daily well-being quotient. Nutraceuticals are food-based items with extra health benefits on top of their fundamental nutritional value. Their formulation strives to promote general well-being, avert or treat illnesses, and improve health.
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What Information Does the UAE Nutraceuticals Market Research Report Covers?
The research report highlights:
- The UAE Nutraceuticals Market research study is a well-crafted study that draws from both primary & secondary data sources.
- Examine supply & demand dynamics, development trends, competition landscapes, brand share and pricing analysis, growth patterns from year to year, and the progress of leading market players.
- Focus on determining the areas and niche markets with the most growth potential.
- Aids in getting a thorough grasp of the competitive environment, including the distribution of market shares, important companies (premier, laggard, innovator, and start-up), and their advantages & disadvantages.
- To assist stakeholders in uncovering the market’s potential growth factors, the industry is deeply analyzed in terms of segmentations, regional study, SWOT analysis, and Porter’s Five Forces Analysis.
UAE Nutraceuticals Market Dynamics
- Massive Investment from Asian Countries, Particularly Indian Brands Presents Lucrative Opportunities
With over 50% of expatriates in Dubai being of Indian origin, particularly with a significant presence of Asian brands, there is a strong likelihood that the initial adoption and awareness of Ayurveda-based Nutraceuticals could experience a notable boost. Consequently, these companies are planning to expedite the development of technology-driven customized products while intensifying their efforts to expand and enhance their growth strategy. For instance, in December 2022, Dubai welcomed the Himalaya Global Wellness Center from India.
The factory has innovative capabilities to create functional foods such as gummies, syrups, pills, capsules, powders, and dietary supplements. Hence, such infrastructural developments are anticipated to develop an internationally competitive science-focused ecosystem, instigating the production of much more innovative and safer nutraceutical products in the future, further enhancing the UAE Nutraceuticals Market size.
Who are the Major Competitors Across the Market?
The underlying forces of any market are molded & influenced by its leading companies. Consumer preferences, competition, market trends, and the ecosystem as a whole are all significantly impacted by their interactions, tactics, and whereabouts. Some of the leading market players are:
- Pfizer Inc.
- Bayer Middle East FZE
- Vitabiotics Ltd.
- Nestlé UAE L.L.C.
- Danone
- BASF FZE
- PepsiCo Inc.
- General Mills Inc.
- Nature’s Way Products, LLC.
- Abbott Laboratories S.A.
How is the UAE Nutraceuticals Market Examined in Terms of Segmentation?
By Sales Channel:
- Online
- Offline
The suitability of e-commerce platforms and customers’ increased health consciousness have contributed to a large increase in Online Sales of nutraceutical items in the United Arab Emirates in recent years.
By Product Type:
- Dietary Supplements
- Functional Foods
- Functional Beverages
Dietary supplements have dominated the UAE Nutraceutical Market and are projected to continue in the forecast years. This is attributed to their high protein, vitamin, and fiber content, which meets the nutritional needs of consumers of all ages.
Key Questions Analyzing the UAE Nutraceuticals Market Research Report. 2032
- Which are the major companies across the UAE Nutraceuticals Market?
- What would be the CAGR of the UAE Nutraceuticals Market in the forecast years, 2024-2032?
- How big is the UAE Nutraceuticals Market anticipated to be in the upcoming years?
- What market segment will dominate the healthcare staffing industry?
- What changes can we expect to see in market development trends over the next five years?
- What kind of competitive environment does the UAE Nutraceuticals Market have?
- Which strategies are most commonly employed in the UAE Nutraceuticals Market?
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