Saudi Arabia Nutritional Supplements Market Growth, Share, Demand, Trends, Key Players, Business Challenges and Forecast Research Report 2033: SPER Market Research
A dietary supplement is a term used to describe goods that give the body extra nutrition and include vitamins, minerals, enzymes, botanicals, and other components. These supplements increase a person’s energy levels and improve their ability to handle daily jobs and body building-related activities. They can be applied to certain issues like improving body composition, developing muscle, or general health.
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 by 2033 with a CAGR of 11.43%.
Drivers: Growing Public Health Concerns: As the country’s population ages quickly and the incidence of ailments linked to a bad lifestyle rises, Saudi Arabians are growing more and more interested in health-promoting items like supplements. Between 2024 and 2030, this trend is expected to propel the nation’s dietary supplement market. Furthermore, the growing trend of “healthy ageing” is a significant factor pushing consumer adoption of dietary supplements, since deficiencies in vitamins and minerals are the primary cause of the physical decrease in health that begins in the body around the age of thirty. Thus, these factors are anticipated to drive the Saudi Arabian Dietary Supplements Market throughout the forecasted years.
Restraints: Side-effects Associated with excessive usage of dietary supplements and their high cost – Although nutritional supplements improve overall health and well-being, they cannot guarantee a good impact on the immune system. Overdoses can result in decreased bone strength, blood clotting, birth abnormalities, and a body’s inability to absorb nutrients, among other issues. For example, taking too many vitamin A supplements may result in migraines, liver damage, low bone strength, and birth defects. Similarly, iron overload can cause nausea, vomiting, and liver and organ damage. Furthermore, the high cost of premium-sized supplements, rising pricing of standard supplements, and a growing consumer preference for organic and natural products are all likely to stifle the growth of the Saudi Arabia Dietary Supplements Market.
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The apparent long-term consequences of coronavirus infection on humans have resulted in a significant increase in sales of nutritional supplements, probiotics, fatty acid supplements, protein supplements, vitamins, and minerals. Unexpected lifestyle changes prompted consumers to reconsider their attitudes towards health and weight management; they were apprehensive about becoming less active or gaining weight during the lockdown and epidemic. The COVID-19 epidemic has highlighted the importance of taking control of one’s health and changing one’s lifestyle in order to have a better quality of life. Throughout the forecast period, the market is expected to expand even faster as knowledge of the benefits of dietary supplements in the pandemic fight rises.
Saudi Arabia Dietary Supplements Market Key Players:
The Central area dominates the Saudi Arabia Dietary Supplements Market, generating significant income. The Central region includes Riyadh, the capital city, and adjoining metropolitan cities, which are economic, cultural, and commercial hubs for the kingdom. This region has a dense population with a wide demographic mix, including wealthy urbanites, middle-income homes, and a growing expat community. The key players of this market are Bayer Saudi Arabia, LLC, Amway Corp, Herbalife Nutrition Ltd, Abbott Saudi Arabia Trading LLC, Pfizer Saudi Limited, Glaxo Saudi Arabia Limited, and Others.
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Saudi Arabia Nutritional Supplements Market Share
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