The Saudi Arabia Dietary Supplements Market is projected to grow by around 8% CAGR during the forecast period, i.e., 2021-26, cites a recent research study conducted by MarkNtel Advisors. The key highlights of the research report include the industry growth drivers, restraints, opportunities, trends, & extensive insights into the market dynamics amidst the Covid-19 crisis. Besides, a thorough analysis of the Saudi Arabia Dietary Supplements Market across various segments, countries, and leading competitors has also been added to the study.
The study provides a predictable market size for 2021 based on demand and price analysis. The report forecasts the Saudi Arabia Dietary Supplements market size to 2026 in both the short and long term. The COVID-19 pandemic has had an unfavorable influence on various markets, where small and medium-sized firms are struggling to stay afloat in the short term.
Market Drivers - Burgeoning Health Concerns to Favor the Market Growth
With the burgeoning geriatric population and rising prevalence of lifestyle-related diseases, the consumers are more focused on health benefitting products like supplements, which is the primary factor likely to drive the market. Further, the rising trend of healthy aging encourages the demand for dietary supplements. The body’s physical decline starts at around 30 years of age & the root cause of this decline is the deficiency of vitamins & minerals, thereby propelling the demand for dietary supplements and fueling the overall market growth.
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Key points covered in the report:
- Saudi Arabia Dietary Supplements Market dynamics, market size, trend analysis, leading market players, opportunities, recent developments.
-Economy synopsis and forecast analysis for 2021-2026.
-The research on Saudi Arabia Dietary Supplements Industry includes a detailed analysis of the key market participants.
-Market strategies that are increasingly being used by prominent Saudi Arabia Dietary Supplements Companies.
-Assessment of market factors including market growth drivers, significant challengers, inhibitors, and opportunities.
-Strategic profiling of key market players and thorough evaluation of their growth tactics.
-PESTEL Analysis, Porter’s Five Forces Model, Competitors Analysis, Value Chain Analysis, Recommendations and Price Analysis.
The study is beneficial for industry stakeholders in justifying numerous key questions, such as which market segments should be targeted, marketing strategies to be applied, revenue generation techniques, in order to strategize investments and take advantage of market growth.
“We are constantly monitoring the changing dynamics of the Covid-19 outbreak & provide detailed impact analysis on the market”.
Key Companies & Market Share Insights:
Owing to the vast number of major and small-scale manufacturers, the market is extremely concentrated and competitive. Major corporations pursue numerous marketing tactics, such as geographic expansion, in order to boost sales and capitalize on new businesses and markets for new and existing products/services. Major industry players are: Bayer Saudi Arabia, LLC, Amway Corp, Herbalife Nutrition Ltd., Abbott Saudi Arabia Trading LLC., Pfizer Saudi Limited, Glaxo Saudi Arabia Limited, Glanbia Performance Nutrition, Inc., The Archer-Daniels-Midland Company, ARKOPHARMA Laboratories, Company Limited, Bionova Lifesciences Pvt. Ltd.
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Market Segmentation includes:
The Saudi Arabia Dietary Supplements Market is categorized. This section brings the segmentation statistics and provides insights regarding growing and dominating segments. The data has been represented using charts and graphs to make it reader friendly.
Market Fragments, By Ingredients
-Proteins & Amino Acids
-Omega Fatty Acids
-Fibers & Specialty Carbohydrates
Market Fragments, By Form
Market Fragments, By Application
-Energy & Weight Management
-Bone & Joint Health
Market Fragments, By End -User
Market Fragments, By Distribution Channel
The study outlines all of the issues that are being faced by Saudi Arabia Dietary Supplements Market. This enables the reader to gain a better understanding of the market and grab the lucrative opportunities. The analysts conducted a thorough examination of the current market scenario while concentrating on new business objectives. A comprehensive evaluation of evolving stakeholders’ needs and the entire environment study is included.
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