In the recently published TechSci Research report, “UAE Nutraceuticals Market – By Region, Competition, Forecast, and Opportunities, 2028F,” we delve into the promising outlook of the UAE’s Nutraceuticals Market for the period spanning from 2024 to 2028. This comprehensive analysis explores the factors driving the market’s growth, its segmentation, challenges, and the various stakeholders who stand to benefit from this insightful report.
Factors Fueling Market Expansion
- Preventive Healthcare Gains Prominence: The UAE’s Nutraceuticals market is poised for substantial growth, largely driven by the growing emphasis on preventive healthcare among consumers. In recent years, there has been a notable surge in demand for dietary supplements. Consumers are gravitating towards multivitamins that provide essential nutrients, making them an integral part of daily routines. This trend has gained momentum, particularly in the wake of the COVID-19 pandemic, further propelling the market’s growth during the forecast period from 2024 to 2028.
- Rising Senior Population and Healthcare Costs: Over the projected period, the growing elderly population and the escalating costs of healthcare are expected to bolster the functional food sector. Functional foods have garnered a favorable reputation among consumers due to the additional health and wellness benefits they offer. The overall growth is being augmented by factors such as the aging population, increasing healthcare expenses, evolving lifestyles, innovative food products, and anticipation of higher-quality offerings.
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Challenges in the Nutraceutical Market
Historically, the UAE has relied on imports, primarily from China, India, and the United States, due to limited domestic processing capabilities for raw materials used in nutraceuticals, such as branched-chain amino acids and collagen peptides. This reliance on imports, coupled with broader trade dynamics, has resulted in elevated prices for dietary supplements. The nutraceutical industry in the UAE has consistently faced challenges due to the steep cost of supplements.
Segmentation of the UAE Nutraceuticals Market
The UAE Nutraceuticals Market is segmented based on application, form, source, and distribution channel.
- Application: This segment encompasses Functional Beverages, Functional Food, and Dietary Supplements. The categories of functional food and dietary supplements are poised for high compound annual growth rates (CAGRs) in the UAE Nutraceuticals Market. The upsurge in demand is attributed to evolving dietary habits, a quest for sustained nutritional support amidst lifestyle changes, and the heightened awareness of bolstering the immune system through functional foods and supplements.
- Form: Within this category, the market is categorized into liquid, tablets, capsules, powder, and others. The tablet segment is anticipated to be the key driver of market growth during the forecast period from 2024 to 2028. Its growth is attributed to the convenience of obtaining vitamins and supplements in tablet form, ease of storage across varying temperature conditions, and its suitability for transportation. Additionally, the capsule segment is expected to offer concurrent support for market growth during this period.
- Source: Market segmentation is based on plant, animal, and microbial sources. The animal segment is anticipated to hold the largest market share during the forecast period. Animal-derived sources are rich in essential nutrients, including lipids, proteins, nucleic acids, minerals, carbohydrates, and more. This abundance of nutrients positions the animal segment as a driving force behind the sustained growth of the UAE Nutraceuticals Market.
Who Will Benefit from This Report?
- Healthcare Professionals: Physicians, nutritionists, and healthcare providers can gain valuable insights into the growing nutraceutical industry in the UAE. This report equips them with knowledge to make informed recommendations to patients.
- Investors: Individuals seeking investment opportunities within the healthcare and nutrition sector in the UAE will find this report instrumental for identifying potential growth areas and understanding market dynamics.
- Nutraceutical Companies: Companies operating in the nutraceutical industry, both within and outside the UAE, can leverage this report to comprehend market trends, challenges, and opportunities to refine their business strategies.
- Government and Regulatory Bodies: Entities responsible for regulating the nutraceutical industry in the UAE can use this report to make informed policy decisions, address import-related challenges, and support local nutraceutical production.
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Major companies operating in the UAE Nutraceuticals Market are:
- Pfizer Inc.
- Bayer Middle East FZE
- Vitabiotics Ltd.
- Nestlé UAE L.L.C.
- Danone
- BASF MIDDLE EAST LLC & BASF FZE
- PepsiCo Inc.
- General Mills Inc.
- Nature’s Way Products, LLC.
- Abbott Laboratories S.A., Others.
Based on the distribution channel the market is categorized into Specialty Stores, Online, Hypermarkets/Supermarkets, and Pharmacies. The Pharmacies segment is expected to dominate the growth of the Nutraceuticals market in the United States.
The most common place to buy nutraceutical items is via pharmacies which is anticipated to drive the growth of the market throughout the forecast period. Although online channels are also growing in popularity owing to the convenience, doorstep services and are predicted to experience the largest growth throughout the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based United States management consulting firm.
“UAE Nutraceuticals Market- By Application (Functional Beverages, Functional Food, and Dietary Supplements), By Form (Liquid, Tablets, Capsules, Powder, and Others), By Source (Plant, Animal, and Microbial), By Distribution Channel (Specialty Stores, Online, Hypermarkets/Supermarkets, Pharmacies), By Company and By Region, has evaluated the future growth potential of UAE Nutraceuticals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the UAE Nutraceuticals Market.”
The UAE Nutraceuticals Market is poised for remarkable growth, primarily driven by changing consumer preferences and healthcare trends. However, challenges stemming from import dependencies and high supplement prices persist. The market segmentation and insights presented in this report offer a holistic understanding of the market landscape. It is a vital resource for healthcare professionals, investors, nutraceutical companies, and regulatory bodies seeking to navigate and capitalize on the dynamic landscape of nutraceuticals in the UAE.
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