Saudi Arabia Personalized Retail Nutrition And Wellness Market Size & Outlook
Saudi Arabia personalized retail nutrition and wellness market, 2018-2030 (US$M)
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Saudi Arabia personalized retail nutrition and wellness market highlights
- The Saudi Arabia personalized retail nutrition and wellness market generated a revenue of USD 19.6 million in 2022 and is expected to reach USD 52.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 13.1% from 2023 to 2030.
- In terms of segment, repeat recommendation was the largest revenue generating type in 2022.
- Personalized Testing is the most lucrative type segment registering the fastest growth during the forecast period.
Personalized retail nutrition and wellness market data book summary
| Market revenue in 2022 | USD 19.6 million |
| Market revenue in 2030 | USD 52.6 million |
| Growth rate | 13.1% (CAGR from 2022 to 2030) |
| Largest segment | Repeat recommendation |
| Fastest growing segment | Personalized Testing |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fixed Recommendation, Repeat Recommendation, Continuous Recommendation, Personalized Testing |
| Key market players worldwide | Nature's Brands, Cargill, Bayer AG, PlateJoy, Better Therapeutics Inc, Noom, Prenetics Global Ltd Class A |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global personalized retail nutrition and wellness market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa personalized retail nutrition and wellness market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 52.6 million by 2030.
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Personalized Retail Nutrition And Wellness Market Scope
Personalized Retail Nutrition And Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia personalized retail nutrition and wellness 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 personalized retail nutrition and wellness market will help companies and investors design strategic landscapes.
Repeat recommendation was the largest segment with a revenue share of 46.43% in 2022. Horizon Databook has segmented the Saudi Arabia personalized retail nutrition and wellness market based on fixed recommendation, repeat recommendation, continuous recommendation, personalized testing covering the revenue growth of each sub-segment from 2018 to 2030.
According to new studies conducted by Kingdom of Saudi Arabia, there are various health risk factors being faced by Saudi citizens such as diabetes, high cholesterol, high blood pressure, smoking, and poor diet. There are companies such as Israel-based Nutrino, Inc., which offers personalized nutrition and is utilizing its data driven approaches to treat patients suffering from diabetes.
In 2016, the company entered into a business partnership with Medtronic, wherein patients using Medtronic’s continuous glucose monitors (CGM) will be able to connect them via Connect, CareLink, and MiniMed to Nutrino’s app, a nutrition companion for obtaining personalized meal plans and dietary advice on maintaining a normal blood sugar level.
Adoption of healthy diet in health-conscious individuals is increasing in the country due to the widespread awareness campaigns being organized by major players and information available online.
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Our clientele includes a mix of personalized retail nutrition and wellness 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 country-level data and insights on the Saudi Arabia personalized retail nutrition and wellness market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia personalized retail nutrition and wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia personalized retail nutrition wellness market size, by type, 2018-2030 (US$M)
Saudi Arabia Personalized Retail Nutrition And Wellness Market Share, 2022 & 2030 (US$M)
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