Overview of the GCC Nutraceuticals Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “GCC Nutraceuticals Market By Product Type (Dietary Supplements [Proteins & Peptides, Vitamins & Minerals, Herbals, Others], Functional Foods [Probiotics Fortified Food, Omega Fatty Acid Fortified Food, Branded Ionized Salt, Branded Wheat Flour, Others], Functional Beverages [Fruit & Vegetable Juices and Drinks, Dairy & Dairy Alternative Drinks, Non-Carbonated Drinks, Other]), By Source (Plant, Animal, Microbial), By Form (Tablets & Capsules, Gummies & Soft Gels, Powder & Liquid), By Sales Channel (Offline Store-Based [Supermarkets & Hypermarkets, Specialty Stores, Others], Online) and Others, The GCC Nutraceuticals Market is projected to grow at a CAGR of around 9% during the forecast period, i.e., 2025-2030. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
GCC Nutraceuticals Market Growth and Scope:
Base Year: 2024
Forecast Period: 2025-30
Historical Data: 2020-23
CAGR (2025-2030): 9%
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GCC Nutraceuticals Market Trend:
Personalization of Nutraceuticals - As people are becoming more aware of the availability & perks of nutraceuticals on health, trends like customization & personalization of these elements are gaining swift popularity. People are propelling the demand for nutraceuticals designed particularly to cater to their health and fulfill all their unmet needs. Additionally, many consumers are also showing interest in customized offerings, including supplements, diet, & exercise. Moreover, as nutritional supplements are emerging as a crucial intervention in prognostic & proactive health, their demand & acceptance across the GCC shall support a steady growth of the nutraceuticals market in the coming years.
A Comprehensive Analysis of Leading Companies of GCC Nutraceuticals Market by MarkNtel Advisors:
- Pfizer Inc.
- Bayer AG
- Vitabiotics Ltd
- Perrigo Company PLC
- Nestlé SA
- Danone
- BASF S.A.
- PepsiCo Inc.
- General Mills
- Almarai Co Ltd
- Others
Key GCC Nutraceuticals Market Segmentation:
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-By Product Type
- Dietary Supplements
- Functional Foods
- Functional Beverages
- tractual
Here, Functional Food acquired the largest share of the GCC Nutraceuticals Market in recent years & is anticipated to prevail in its dominance in the coming years.
-By Distribution Channel
- Store-Based
- Non-Store-Based
Between the two, Non-Store channels like Online platforms are anticipated to gain swift momentum and demonstrate the fastest growth pace in the GCC Nutraceuticals Market during the forecast period.
-By Source
- Plant- Market Size & Forecast 2020-2030, USD Million
- Animal- Market Size & Forecast 2020-2030, USD Million
- Microbial- Market Size & Forecast 2020-2030, USD Million
-By Form
- Tablets & Capsules- Market Size & Forecast 2020-2030, USD Million
- Gummies & Soft Gels- Market Size & Forecast 2020-2030, USD Million
- Powder & Liquid- Market Size & Forecast 2020-2030, USD Million
Geographical Analysis
-By Country
- UAE
- Saudi Arabia
- Qatar
- Oman
- Kuwait
- Bahrain
Here, Saudi Arabia dominated the market with the largest share in the previous years and is anticipated to prevail in the same trend during the forecast period.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
- Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 90+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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