Saudi Arabia Nutritional Supplements Market Report 2022 to 2030

Saudi Arabia Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Saudi Arabia Nutrition and Supplements market will reach a value of $11.8 Bn from $6.49 Bn in 2022, growing at a CAGR of 7.8% during 2022-2030. The nutrition and supplements market in Saudi Arabia is primarily dominated by local players such as Vitabiotics Ltd, SEWAR, and BIOVEA. The market for nutrition and supplements in Saudi Arabia is primarily driven by an inclination towards better health infrastructure, government regulations and increasing consumer awareness of health and lifestyle. The Saudi Arabia nutrition and supplements market is segmented by Type, Product, application, and Distribution Channel.

ID: IN10SAON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Saudi Arabia AUTHOR: Dr. Vishwa Modhia

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Saudi Arabia Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Saudi Arabia Nutrition and Supplements market will reach a value of $11.8 Bn from $6.49 Bn in 2022, growing at a CAGR of 7.8% during 2022-30.

Saudi Arabia is a Middle Eastern nation that borders the Red Sea and the Persian Gulf. This industry's anticipated expansion and growth are closely related to customers' growing interest in health and well-being. The demand for nutrition and supplement goods in the nation has increased as a result of an increasing movement toward preventative medicines and rising disposable income.

The Saudi Arabian Government (SAG) places a high priority on the healthcare industry because it receives the majority of state budget funding. Over the years, this has produced notable advancement. Saudi Arabia wants to improve the standards and quality of its medical and healthcare services through initiatives managed through public-private partnerships as part of the Kingdom's Vision 2030 policy (PPP).

Saudi Arabia Nutritional Supplements Market Report 2022 to 2030

Market Dynamics

Market Growth Drivers Analysis

Due to rising per-capita out-of-pocket healthcare costs and the frequency of both communicable and non-communicable diseases, healthcare costs in Saudi Arabia are dramatically rising. These changes have led to an increase in the consumption of dietary supplements. They are looking for dietary supplements made with high-quality natural ingredients and no artificial additions. Following the COVID-19 epidemic, there has been an increased focus on immunological assistance in Saudi Arabia. Due to lingering concerns about sickness and the resumption of tourism, there is an increase in demand for goods with an immunity-boosting role. These factors could be the driving force behind the Saudi Arabian nutritional supplement market.

Market Restraints

Quality and safety are very important to Saudi Arabian consumers when it comes to dietary supplements. They typically favour dietary supplements produced by well-known, respected businesses that have a history of producing high-quality products. These obstacles to entry could stop new competitors from entering the Saudi Arabian nutrition and supplement market.

Competitive Landscape

Key Players

BIOVEA Saudi Arabia (SAU)
SEWAR (SAU)
Pfizer Inc (SAU)
Bayer AG (SAU)
Vitabiotics Ltd (SAU)
GNC
GlaxoSmithKline

Healthcare Policies and Reimbursement Scenarios

The Saudi Food and Drug Authority (SFDA) is the Saudi government organisation in charge of setting rules and compliance requirements for nutritional and dietary supplements. Segments of the nutraceutical industry have been promoted as healthy and natural alternatives to conventional medicine. The executive department for local markets oversees electronic services for SFDA food registration, which is created to create a database for all food outlets & operators and food products in the KSA. New account creation and establishment registration are among the e-services.

The Saudi Arabia government does not cover the cost of nutrition and supplements products. But there are certain institutions responsible for providing health insurance coverage to eligible individuals and managing reimbursements for medical treatments and services, including prescription medications. When it comes to reimbursement for dietary supplements, the rules are similar to those for prescription medications. In some cases, a doctor may prescribe a dietary supplement as part of a medical treatment plan, and the cost of the supplement may be covered by health insurance, depending on the individual's insurance policy.

1. Executive Summary
1.1 Product Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Government Regulation in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel and Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation

6. Methodology and Scope

Saudi Arabia Nutritional Supplements Market Segmentation

The Nutritional Supplements Market is segmented as mentioned below:

By Product (Revenue, USD Billion):

Sports Nutrition
- Sports Food
- Sports Drinks
- Sports Supplements

Fat Burners
- Green Tea
- Fiber
- Protein
- Green Coffee
- Others (Turmeric, Ginseng, Cranberry, Garcinia Cambogia)?

Dietary Supplements
- Vitamins
- Minerals
- Enzymes
- Amino Acids
- Conjugated Linoleic Acids

Functional Foods
- Probiotics
- Omega-3
- Others

By Consumer Group (Revenue, USD Billion):

Infant
Children
Adults
Pregnant
Geriatric

By Formulation (Revenue, USD Billion):

Tablets
Capsules
Powder
Softgels
Liquid
Others

By Delivery Channel (Revenue, USD Billion):

Chemists/Pharmacists
Direct-to-Consumer Sales
E-commerce

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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The Saudi Food and Drug Authority (SFDA) is the Saudi government organisation in charge of setting rules and compliance requirements for nutritional and dietary supplements.