KSA Dietary Supplements Market Revenue, Demand, Share, Growth Drivers, Key Players, Challenges, Business Opportunities and Forecast till 2033: SPER Market Research
KSA Dietary Supplements Market
Dietary supplements are products that are intended to improve general health by supplementing important elements that may be lacking in a typical diet. These consist of probiotics, vitamins, minerals, amino acids, herbs, and other nutrients that come in a variety of forms, including liquids, tablets, capsules, and powders. In addition to addressing certain health needs like joint health, weight management, or digestive assistance, supplements are used to promote overall wellness, strengthen immunity, and increase vitality. Dietary supplements are becoming an essential component of many people’s routines due to increased awareness of preventative healthcare. The market for dietary supplements is still growing, serving a wide range of age groups and dietary preferences as consumers place a greater emphasis on wellness and balanced nutrition.
According to SPER Market Research, ‘Saudi Arabia Dietary Supplements Market Size- By Product Type, By Form, By Distribution Channel, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Saudi Arabia Dietary Supplements Market is estimated to reach USD 1040.79 million with a CAGR of 11.43%.
Drivers: Saudi Arabia’s dietary supplements market is being pushed by rising health awareness and a greater emphasis on preventative care. Supplements are being utilised by consumers to make up for nutritional deficiencies brought on by sedentary lives and modern, imbalanced meals. Supplement use is also encouraged by government programs that support healthy living and fight diseases linked to a poor lifestyle. As more people have access to a wide variety of supplement items through pharmacies, health stores, and e-commerce platforms, the industry has continued to grow as a result of rising disposable incomes and urbanisation. Additionally, the demand for vitamins, minerals, and herbal supplements has increased due to a cultural shift that prioritises fitness and wellness.
Restraints: The Saudi Arabian market for dietary supplements is unable to realise its full potential due to a number of barriers. Strict regulations pertaining to product approval may cause delays in the market launch of new brands. Consumer scepticism about the efficacy and safety of dietary supplements also limits adoption in different markets. The market is getting more and more saturated as a result of the large number of domestic and international businesses fighting for consumers’ attention. Changes in the economy, particularly in disposable income, can also affect consumer spending on non-essential items like supplements. These factors create a competitive and regulated market that calls for calculated actions to maintain customer confidence and spur further expansion.
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Impact of COVID-19 on Saudi Arabia Dietary Supplements Market
The Saudi Arabian market for nutritional supplements was greatly impacted by the COVID-19 pandemic, which sped up its expansion. enhanced use of immunity-boosting items, like vitamin C and herbal supplements, was a result of the crisis’s enhanced health consciousness. According to studies, supplement use has significantly increased, and many users think that supplements may help prevent or treat COVID-19. The epidemic also prompted a change in consumer behaviour, with internet sites becoming as the go-to source for dietary supplements. The increased emphasis on immunity and health presented long-term potential for manufacturers to broaden their product lines and serve a more health-conscious consumer base, despite the initial difficulties caused by supply chain interruptions.
Saudi Arabia Dietary Supplements Market Key Players:
Saudi Arabia’s Dietary Supplement Market is dominated by Riyadh region due to higher concentrations of health-conscious consumers, greater exposure to global health trends. Some of its key players are – Bayer Saudi Arabia, LLC, Amway Corp, Herbalife Nutrition Ltd, Abbott Saudi Arabia Trading LLC, Pfizer Saudi Limited.
Saudi Arabia Dietary Supplements Market Segmentation:
By Product Type: Based on the Product Type, Saudi Arabia Dietary Supplements Market is segmented as; Combination Dietary Supplements, Vitamins, Herbal Supplements, Fish Oil & Omega Fatty Acid, Proteins, Others.
By Form: Based on the Form, Saudi Arabia Dietary Supplements Market is segmented as; Tablets, Capsules, Powder, Liquids, Soft Gels.
By Distribution Channel: Based on the Distribution Channel, Saudi Arabia Dietary Supplements Market is segmented as; Pharmacies and Drug Stores, Supermarkets and Hypermarkets, Online, Others.
By Application: Based on the Application, Saudi Arabia Dietary Supplements Market is segmented as; Energy & Weight Management, General Health, Bone & Joint Health, Immunity, Others.
By End User: Based on the End User, Saudi Arabia Dietary Supplements Market is segmented as; Infants, Children, Adults, Pregnant Females, Geriatric.
By Region: This research also includes data for Riyadh, Dammam, Jeddah, Rest of Saudi Arabia.
For More Information, refer to below link: –
Saudi Arabia Dietary Supplements Market Share
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