growing with a CAGR of more than 6% during the forecast period. Higher disposable income and rising awareness of dietary supplements among consumers, are the major drivers for the UAE dietary supplements market.
New York, July 20, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "UAE Dietary Supplements Market, By Product Type,, By Form, By Distribution Channel, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p05470653/?utm_source=GNW
Besides, increasing health consciousness and rising number of gyms and wellness centers are contributing to the increased sales of dietary supplements.
Furthermore, increasing working class population base & busy lifestyle and government initiatives, etc. are some other factors that are fuelling the country’s dietary supplements market. Due to rapidly increasing online distribution channels and efficient logistic support, companies have access to a much broader consumer base across the country. In addition, rising working population and busy lifestyle are positively impacting the market of dietary supplements in UAE.
UAE government launched three national initiatives: the UAE Wellbeing Model for Residential Communities, the Community Wellbeing Nutrition Program, and the implementation of the Community Program for Active Lifestyle.The Community Wellbeing Nutrition Program initiative will promote well-being by establishing standards for consumers, producers, and suppliers, as well as implementing a set of motivational and educational community nutrition programmes and activities for people of all ages.
Furthermore, the Wellbeing Working Group’s initiatives are aimed at implementing and maintaining unified programs and regulations that control nutrition in the UAE, as well as increasing the number of healthy diet programs for children. Launch of initiatives by the government aimed at improving wellbeing are driving the sales of dietary supplements in the country.
UAE dietary supplements market is categorized into product type, form, distribution channel, application, end user, region and company.In terms of product type, the UAE dietary supplements market is segmented into combination dietary supplement, vitamin, herbal supplement, fish oil & omega fatty acid, protein and others.
Among which, combination dietary supplements accounted for more than 40% of market shares in the country’s dietary supplements market in 2020 and the segment is expected to continue its dominance over the forecast period on account of rising adoption of preventive health measures among the consumers due to the ongoing pandemic.
In terms of region, the UAE dietary supplements market is categorized into Dubai, Abu Dhabi, Sharjah and Rest of UAE. Among which, Dubai is the dominant region in UAE dietary supplements market in 2020 followed by Abu Dhabi and is expected to continue its dominance in the forecast period due to changing lifestyles and preferences, increasing working class population & busy lifestyle, rising per capita income, and growing urban population, etc.
Some of the major players operating in the UAE dietary supplements market are Bayer Middle East FZE, Vitabiotics Ltd., Pfizer Gulf FZ LLC, Abbott laboratories S.A., MusclePharm Corporation and others.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
Objective of the Study:
• To analyze the historical growth in the market size of the UAE dietary supplements market from 2016 to 2020.
• To estimate and forecast the market size of the UAE dietary supplements market from 2021E to 2026F and growth rate until 2026F.
• To classify and forecast UAE dietary supplements market based on product type, form, distribution channel, application, end user, region and company.
• To identify the dominant region or segment in the UAE dietary supplements market.
• To identify drivers and challenges for the UAE dietary supplements market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the UAE dietary supplements market.
• To identify and analyze the profiles of leading players operating in the UAE dietary supplements market.
• To identify key sustainable strategies adopted by market players in the UAE dietary supplements market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufactures across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service providers, and presence of all major players across the country.
The analyst calculated the market size of UAE dietary supplements market using a bottom-up approach, wherein data for various segments were recorded and forecast for the future years. The analyst sourced these values from the industry experts and representatives and externally validated them through analyzing historical data of these segments for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also studied by the analyst.
Key Target Audience:
• Dietary supplements manufactures and franchise.
• Dietary supplements end users.
• Research organizations and consulting companies.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, UAE dietary supplements market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• UAE Dietary Supplements Market, By Product Type:
o Combination Dietary Supplement
o Herbal Supplement
o Fish Oil & Omega Fatty Acid
• UAE Dietary Supplements Market, By Form:
o Soft Gels
• UAE Dietary Supplements Market, By Distribution Channel:
o Pharmacies and Drug Stores
o Supermarkets and Hypermarkets
• UAE Dietary Supplements Market, By Application:
o Energy & Weight Management
o General Health
o Bone & Joint Health
• UAE Dietary Supplements Market, By End User:
o Pregnant Females
• UAE Dietary Supplements Market, By Region:
o Abu Dhabi
o Rest of UAE
Company Profiles: Detailed analysis of the major companies present in UAE dietary supplements market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05470653/?utm_source=GNW
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