Nutraceutical is aterm that is used for any product that is derived from sources of food alongwith extra health benefits in addition to the basis of nutritional valueavailable in food. Moreover, nutraceuticals are a group of products that aremore than food but less than pharmaceuticals and can be considered asnon-specific biological therapies that are used for promoting general controlsymptoms, well-being and prevent the infectious process.
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Rapid growth in population and increasingconcerns about the importance of protection from diseases and maintaininghealth are some factors driving the growth of the nutraceuticalsmarket in Saudi Arabia during the forecast period. The actualeffectiveness, safety of products and increasing use of nutraceuticals amongthe students and athletes are creating a demand for nutraceuticals in themarket. Increasing consumer awareness and growing aged population is propellingthe growth of global nutraceuticals market. Increasing disposable income,rising government initiatives for controlling the health of people by takingnecessary actions to control the selling of products with health hazards aresome factors ensuring a robust growth in the Saudi Arabia nutraceuticals market.
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Various notable players operating in the Saudi Arabia nutraceuticals market includePfizer, Nestle, Almarai Co. Ltd., Danone, PepsiCo, Abuljadayel Beverages Ltd.,ALJSR, Procter & Gamble, Sanofi, Bayer AG, Abbott Laboratories, Red BullGmbH and Jamjoom Pharma among others.
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The SaudiArabia nutraceuticals market has been segmented on thebasis of type and distribution channel. The type segment market is categorizedinto Functional Foods, Functional Beverages and Dietary Supplements. Thedistribution channel market is segmented into Online and Offline. Functionalfoods segment is further categorized into Bakery & Confectionary, Snacks,Cereal, Dairy and Others. Functional beverages segment is further categorizedinto Fortified Juice, Energy Drinks, Dairy & Dairy Alternative Beverages,Sports Drinks and Others. Dietary supplements segment is further categorizedinto Minerals, Proteins, Vitamins, Fatty Acids and Others.
Key questions answered in this research report:
· At what pace is Saudi Arabia nutraceuticalsmarket growing? What will be the growth trend in the future?
· What are the key drivers and restraints in thecurrent market? What will be the impact of drivers and restraints in thefuture?
· What are the various application areas and howthey are poised to grow?
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