Saudi Arabia Mineral Supplements Market Size & Outlook
Saudi Arabia mineral supplements market, 2018-2030 (US$M)
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Saudi Arabia mineral supplements market highlights
- The Saudi Arabia mineral supplements market generated a revenue of USD 98.7 million in 2023 and is expected to reach USD 155.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 6.7% 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 98.7 million |
| Market revenue in 2030 | USD 155.1 million |
| Growth rate | 6.7% (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, Saudi Arabia accounted for 0.6% 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 |
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Saudi Arabia 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 41.24% in 2023. Horizon Databook has segmented the Saudi Arabia 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 majority of the people residing in Saudi Arabia live a modern lifestyle, and the availability of fast food caused a shift in dietary habits, resulting in a higher dependence on processed & convenient food options. As a result, there is a growing demand for additional nutrients to compensate for deficiencies in their diet, leading to increased consumption of nutritional supplements.
A significant number of people in the country suffer from anemia. For instance, in December 2022, the National Library Of Medicine published a study on the prevalence of mineral deficiencies among Saudi Arabian adults. Overall, 3,432 adults were evaluated in this study. The study found that iron deficiency was the most prevalent, followed by zinc & copper deficiencies.
Around 23.2% of study participants were iron deficient, and approx. 15.3% of study participants suffered from zinc deficiencies. Thus, the high burden of mineral deficiencies is expected to support the demand for iron, zinc, and copper supplements in the market. Some key players operating in the country are Herbalife International of America, Glanbia plc, and BIOVEA.
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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 Saudi Arabia mineral supplements market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia mineral supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia mineral supplements market size, by product, 2018-2030 (US$M)
Saudi Arabia Mineral Supplements Market Outlook Share, 2023 & 2030 (US$M)
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