Kuwait Mineral Supplements Market Size & Outlook
Kuwait mineral supplements market, 2018-2030 (US$M)
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Kuwait mineral supplements market highlights
- The Kuwait mineral supplements market generated a revenue of USD 35.4 million in 2023 and is expected to reach USD 52.3 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, calcium was the largest revenue generating product in 2023.
- Calcium is the most lucrative product segment registering the fastest growth during the forecast period.
Mineral supplements market data book summary
| Market revenue in 2023 | USD 35.4 million |
| Market revenue in 2030 | USD 52.3 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | Calcium |
| Fastest growing segment | Calcium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Calcium, Magnesium, Iron, Potassium, Zinc, Chromium, Selenium |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Dassault Systemes SE, Herbalife Ltd, Sanofi SA, Amway Malaysia Holdings, Bayer AG, Otsuka Pharmaceutical, DSM, Nu Skin Enterprises Inc Class A, Omega Protein, Bio-Botanica |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global mineral supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia mineral supplements market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 117.1 million by 2030.
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Mineral Supplements Market Scope
Mineral Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait mineral supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mineral supplements market will help companies and investors design strategic landscapes.
Calcium was the largest segment with a revenue share of 43.5% in 2023. Horizon Databook has segmented the Kuwait mineral supplements market based on calcium, magnesium, iron, potassium, zinc, chromium, selenium covering the revenue growth of each sub-segment from 2018 to 2030.
The mineral supplements market in Kuwait is anticipated to grow due to the rising focus of industry participants on the country market. Numerous players like L’avenir Medical , Vitabiotics Ltd, and BIOVEA offer mineral supplements in Kuwait. In addition, the country participants are increasing their digital presence and focusing on attracting customers via social media platforms like Facebook and Instagram.
For instance, Oasis Kuwait promotes its supplements and minerals products via its Facebook page. Thus, such strategies adopted by country players are expected to boost the country market over the forecast period.
Furthermore, the presence of several e-commerce platforms, retailers, and pharmacies distributing mineral supplements by top companies, such as Vitabiotics Ltd, Solaray, and Nestle., is anticipated to drive the competition in the market over the forecast period. Some pharmacies and e-commerce platforms providing mineral supplements in the market include Al Mutawa Pharmacies, Inc., PHARMATEE, and Boots.
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Our clientele includes a mix of mineral supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait mineral supplements market size, by product, 2018-2030 (US$M)
Kuwait Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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