Kuwait Nutritional Supplements Market Size & Outlook
Kuwait nutritional supplements market, 2018-2030 (US$M)
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Kuwait nutritional supplements market highlights
- The Kuwait nutritional supplements market generated a revenue of USD 970.9 million in 2023 and is expected to reach USD 1,480.9 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, functional foods and beverages was the largest revenue generating product in 2023.
- Sports Nutrition is the most lucrative product segment registering the fastest growth during the forecast period.
Nutritional supplements market data book summary
| Market revenue in 2023 | USD 970.9 million |
| Market revenue in 2030 | USD 1,480.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sports Nutrition, Fat Burners, Dietary Supplements, Functional Foods and Beverages |
| Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, Herbalife Ltd, Amway Malaysia Holdings, PepsiCo Inc, Clif Bar, Science in Sport, THG PLC Ordinary Share, Chesnara PLC |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global nutritional 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 nutritional 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 3,308.8 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait nutritional 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 nutritional supplements market will help companies and investors design strategic landscapes.
Functional foods and beverages was the largest segment with a revenue share of 57.81% in 2023. Horizon Databook has segmented the Kuwait nutritional supplements market based on sports nutrition, fat burners, dietary supplements, functional foods and beverages covering the revenue growth of each sub-segment from 2018 to 2030.
According to Kuwait Medical Student Association awareness effort, 56% of Kuwaitis are vitamin D deficient. The most common cause of this deficiency is a lack of exposure to sunlight, as the majority of people spend their time indoors or use sunscreen, which results in a blockage in the absorption of Vitamin D.
This is expected to boost the demand for vitamin D supplements in the country, thereby promoting market growth. In August 2022, the Public Authority for Sport in Kuwait stated that it was developing a new strategy in cooperation with the public and private sectors to boost the sports field in Kuwait.
The new strategy intends to develop Kuwait’s sports sector on a regional and international level. This is expected to boost the demand for sport-related nutritional supplements in the country, thus supporting the market in the country.
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Our clientele includes a mix of nutritional supplements 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait nutritional supplements market
Kuwait Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
Kuwait nutritional supplements market
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