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 Region, Competition, Forecast, and Opportunities, 2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE 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 Region, Competition, Forecast, and Opportunities, 2028F
UAE Nutraceuticals Market is expected to grow at a significant rate during the forecast period 2024-2028. Over the course of the forecast period, the market is anticipated to be driven primarily by the rising demand for functional foods and dietary supplements. A positive view of medical nutrition, in light of its growing use to treat cardiovascular disease and malnutrition, is predicted to stimulate the market for dietary supplements. Further, the growing knowledge of the health advantages associated with the intake of nutraceuticals and nutraceutical supplements is the cause of the increase in demand for these products. Additionally, it is anticipated that increased athlete participation in sports at the national and international levels will raise the market for functional beverages.
Nutraceuticals are items that fall under the food category but have medical uses as well. Given that they are created using food and food extracts, they are also referred to as bioceuticals. Nutraceutical products come in a wide range of varieties and are used for a variety of purposes. These goods are unregulated in many parts of the world because they are viewed as food additives or supplements. Products made with nutraceuticals are in high demand. The growing knowledge of the health advantages associated with the intake of nutraceuticals and Nutraceutical supplements is the main driver of the increase in demand for these products.
Consumer knowledge of herbal foods and goods has increased over the last few years. Chemical compounds are being shunned by many customers in foods, health foods, functional foods, proteins, and nutraceutical products.
Download Free Sample ReportExpanding Lifestyle Disorders to Drive the Market Growth
According to the UAE government, 4,500 new instances of cancer are reported in the country each year, and in Abu Dhabi, cancer was the third largest cause of death in 2012. Another important disease in the United Arab Emirates is diabetes, which affected 19.0% of people between the ages of 20 and 79 as of 2014. By 2021, the government is expected to bring this figure down to 16.2%.
Surge in Demand for Infant Nutraceutical
UAE has seen a rise in the use of nutraceuticals in newborn diets. The use of functional foods and nutraceutical supplements has grown as a result of consumer efforts to prevent gastrointestinal illnesses. A significant amount of protein and other dietary supplements are also obtained, supporting end-metabolism users and assisting in the fight against a variety of acute and chronic conditions. For instance, Carrefour kids drink yogurt, one of the many types of probiotic supplements for kids. Additionally, the firm’s entry into the market of newborn probiotic supplement goods like BioGaia Protectis probiotic drops, Synergy Infabiol infant probiotic drops, Calmco Probiotic Drops, etc., had a positive effect on the market's expansion in the ensuing years. Over the projection period, it is anticipated that the growing senior population and rising healthcare costs would support the expansion of the worldwide functional food business. Hence, the rising demand for infant nutraceuticals is fueling the UAE Nutraceutical Market.
Deficiency of Vitamin D to Boost Market Expansion
About 90% of the population in the UAE was found to have vitamin D insufficiency, according to a survey conducted there. The government has launched several campaigns to inform consumers about the various Vitamin D sources and how to maintain a balance of necessary vitamins and dietary supplements in order to tackle this issue. In order to ameliorate the existing situation of the people in the UAE, the government has also requested that various food and beverage industries provide various fortified juices, milk, and other dairy products with vitamin D.
Implementation of VAT and Excise Duty is Limiting the Market Expansion
The tax system for the goods sold in the UAE market has undergone substantial adjustments owing to the UAE government. The government began charging an excise tax of 100% on energy drinks in October 2017. The UAE then launched 5% VAT three months after 5% VAT went into effect in January 2018. This had a detrimental effect on the products, which led to a decline in consumer spending as market prices rose for the goods.
Market Segmentation
UAE Nutraceuticals Market is segmented based on
Market players
The key players in the UAE Neutraceuticals 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., and Others.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | By Application By Form By Source By Distribution Channel |
| Regional scope | Dubai, Abu Dhabi, Sharjah, Rest of UAE. |
| Key companies profiled | 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. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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