South Africa Nutritional Supplements Market Size & Outlook
South Africa nutritional supplements market, 2018-2030 (US$M)
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South Africa nutritional supplements market highlights
- The South Africa nutritional supplements market generated a revenue of USD 2,370.3 million in 2023 and is expected to reach USD 3,970.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 7.6% 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 2,370.3 million |
| Market revenue in 2030 | USD 3,970.3 million |
| Growth rate | 7.6% (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, South Africa accounted for 0.6% 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 |
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South 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 57.87% in 2023. Horizon Databook has segmented the South 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.
South African population frequently faces criticism for unhealthy lifestyle. According to the State of Nutrition in SA report, published in 2021, more than 50% of the population consumes excessive amounts of salt, and over one-third fails to consume an adequate amount of water.
However, the report also highlighted a significant improvement that has been made in prioritizing health and wellness over the past year. This is expected to improve the demand for hydration supplements, potassium supplements, and others, thereby promoting market growth.
There has been a consistent increase in the disposable income of the country. For instance, according to the South African Reserve Bank, the disposable personal income reached USD 250.4 million in January 2023 from USD 245.7 million in 2022. This rise in disposable income is anticipated to generate favorable opportunities for the market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa nutritional supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Africa nutritional supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa nutritional supplements market
South Africa Nutritional Supplements Market Outlook Share, 2023 & 2030 (US$M)
South Africa nutritional supplements market
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