Middle East & Africa Nutritional Supplements Market Size & Outlook
Middle East & Africa nutritional supplements market, 2018-2030 (US$M)
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MEA nutritional supplements market highlights
- The MEA nutritional supplements market generated a revenue of USD 9,680.1 million in 2023.
- The market is expected to grow at a CAGR of 7.3% 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.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 9,680.1 million |
| Market revenue in 2030 | USD 15,827.9 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Functional foods and beverages |
| Fastest growing segment | Sports Nutrition |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 2.4% of the global nutritional supplements market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 94,950.9 million by 2030.
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Nutritional Supplements Market Scope
Nutritional Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 57.84% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Middle Eastern countries such as Saudi Arabia, Qatar, United Arab Emirates (UAE), and Kuwait are prospering economies. The demand for nutritional supplements is experiencing substantial growth in the MEA region.
This growth is fueled by growing middle-class populations, rising disposable incomes, and a growing awareness of health & wellness. The rapid urbanization and changing lifestyles led to a rise in sedentary occupations and unhealthy dietary practices.
Consequently, Individuals are increasingly relying on nutritional supplements, thereby creating new opportunities for the market in the MEA region.
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Target buyers of Middle East & Africa nutritional supplements market databook
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Our clientele includes a mix of nutritional supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 continent-level data and insights on the Middle East & Africa nutritional supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA nutritional supplements market size, by country, 2018-2030 (US$M)
Middle East & Africa Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
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