South Africa Nutraceuticals Market Size & Outlook
South Africa nutraceuticals market, 2018-2030 (US$M)
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South Africa nutraceuticals market highlights
- The South Africa nutraceuticals market generated a revenue of USD 2,759.8 million in 2023 and is expected to reach USD 5,356.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, probiotics was the largest revenue generating ingredient in 2023.
- Probiotics is the most lucrative ingredient segment registering the fastest growth during the forecast period.
Nutraceuticals market data book summary
| Market revenue in 2023 | USD 2,759.8 million |
| Market revenue in 2030 | USD 5,356.8 million |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Probiotics |
| Fastest growing segment | Probiotics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aloe vera, Amino acids, Botanical Ingredients, Cannabidiol, Carbohydrates, Carnitine, Food Color, Carotenoids, Spirulina, Collagen, Colostrum, Cultures and fermentation starters, Dairy ingredients, Emulsifiers, Enzymes, Essential oils, Fat replacers, Fats and oils, Fibres, Flavours, Fruit and vegetable products, Glucosamine / Chondroitin, Isoflavones, Juices and concentrates, Krill, Lipids / Fatty Acids, Marine ingredients, Minerals, Omega-3s, Prebiotics, Probiotics, Proteins, Sweeteners, Vitamins, Whey proteins |
| Key market players worldwide | DSM, Alticor Corporate Enterprises, Pfizer Inc, Nestle SA, The Kraft Heinz Co, The Hain Celestial Group Inc, Nature's Brands, General Mills Inc, Danone SA, Tyson Foods Inc Class A |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.9% of the global nutraceuticals market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa nutraceuticals 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 4,751.9 million by 2030.
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Nutraceuticals Market Scope
Nutraceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa nutraceuticals 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 nutraceuticals market will help companies and investors design strategic landscapes.
Probiotics was the largest segment with a revenue share of 24.66% in 2024. Horizon Databook has segmented the South Africa nutraceuticals market based on aloe vera, amino acids, botanical ingredients, cannabidiol, carbohydrates, carnitine, food color, carotenoids, spirulina, collagen, colostrum, cultures and fermentation starters, dairy ingredients, emulsifiers, enzymes, essential oils, fat replacers, fats and oils, fibres, flavours, fruit and vegetable products, glucosamine / chondroitin, isoflavones, juices and concentrates, krill, lipids / fatty acids, marine ingredients, minerals, omega-3s, prebiotics, probiotics, proteins, sweeteners, vitamins, whey proteins covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa nutraceutical market is driven by the increasing product consumption among the millennials and the rising government focus on creating awareness about the health benefits of nutraceuticals. Sub-Saharan Africa has the highest obesity and overweight rates, which has encouraged manufacturers and suppliers of nutraceuticals to target prospective consumers in the country.
Habitual consumption has been driving the demand for dietary supplements in the form of capsules and tablets. However, the growing demand for proteins & amino acids, fibers & specialty carbohydrates, and omega fatty acids in the country is expected to influence consumers to shift their preference from capsules and tablets to liquid-based supplements over the forecast period.
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Our clientele includes a mix of nutraceuticals market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa nutraceuticals market , including forecasts for subscribers. This country databook contains high-level insights into South Africa nutraceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa nutraceuticals market size, by ingredient, 2018-2030 (US$M)
South Africa Nutraceuticals Market Outlook Share, 2024 & 2030 (US$M)
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