Market revenue in 2023 | USD 2,694.7 million |
Market revenue in 2030 | USD 4,366.8 million |
Growth rate | 7.1% (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 |
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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 57.85% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Majority of the people residing in Saudi Arabia live a modern lifestyle, and availability of fast food caused a shift in dietary habits, resulting in a higher dependence on processed and convenient food options.
As a result, there is a growing demand for additional nutrients to compensate for any 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 February 2019, research was published in Saudi Journal for Life Sciences regarding the prevalence of anemia in Saudi Students, which was found to be over 38.3%. The high burden of anemia is expected to support the demand for iron supplements in the market.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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