Middle East & Africa Vitamin Supplements Market Size & Outlook
Middle East & Africa vitamin supplements market, 2017-2030 (US$M)
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MEA vitamin supplements market highlights
- The MEA vitamin supplements market generated a revenue of USD 1,954.8 million in 2022.
- The market is expected to grow at a CAGR of 8% from 2023 to 2030.
- In terms of segment, multivitamin was the largest revenue generating type in 2022.
- Vitamin E is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 1,954.8 million |
| Market revenue in 2030 | USD 3,612.6 million |
| Growth rate | 8% (CAGR from 2022 to 2030) |
| Largest segment | Multivitamin |
| Fastest growing segment | Vitamin E |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Multivitamin, Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K |
| Key market players worldwide | Glanbia PLC, Pfizer Inc, Bayer AG, Amway Malaysia Holdings, GlaxoSmithKline, Nestle SA, NOW Foods, Abbott Laboratories, Herbalife Ltd, Natures Sunshine Products Inc, Nu Skin Enterprises Inc Class A, Pharmavite, Good Health, RBK Nutraceuticals |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.0% of the global vitamin supplements market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,887.9 million by 2030.
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Vitamin Supplements Market Scope
Vitamin Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa vitamin 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 vitamin supplements market will help companies and investors design strategic landscapes.
Multivitamin was the largest segment with a revenue share of 46.6% in 2022. Horizon Databook has segmented the Middle East & Africa vitamin supplements market based on multivitamin, vitamin a, vitamin b, vitamin c, vitamin d, vitamin e, vitamin k covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East & Africa market is poised to experience a surge in demand for vitamin supplements, driven by the region's expanding health industry. This growth is primarily fueled by factors such as increasing disposable incomes and a growing awareness among consumers regarding the health advantages of vitamin supplements.
Additionally, shifting demographics in the region, characterized by a rise in the young and working population, have led to increased spending on health and well-being products. The growing presence of international companies offering supplement products is also contributing to the increasing demand for vitamin supplements in the region.
In September 2022, Australia-based H&H Group, a multivitamin and nutrition brand, launched the Swisse brand in Dubai, UAE. Swisse's introduction to the UAE represents the initial stage of its expansion strategy in the Middle East.
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Our clientele includes a mix of vitamin supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa vitamin supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa vitamin supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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MEA vitamin supplements market size, by country, 2017-2030 (US$M)
Middle East & Africa Vitamin Supplements Market Outlook Share, 2022 & 2030 (US$M)
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