DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "UAE Dietary Supplements Market, By Product Type, (Vitamin, Combination Dietary Supplement, Herbal Supplement, Protein, and Other), By Form, By Distribution Channel, By Application, By End User, By Region, Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The UAE Dietary Supplements Market is expected to reach USD 155.85 million by 2026, 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. 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.
The 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 the 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
UAE Dietary Supplements Market, By Product Type:
Combination Dietary Supplement
Fish Oil & Omega Fatty Acid
UAE Dietary Supplements Market, By Form:
UAE Dietary Supplements Market, By Distribution Channel:
Pharmacies and Drug Stores
Supermarkets and Hypermarkets
UAE Dietary Supplements Market, By Application:
Energy & Weight Management
Bone & Joint Health
UAE Dietary Supplements Market, By End-User:
UAE Dietary Supplements Market, By Region:
Rest of UAE
Bayer Middle East LLC
Pfizer Gulf FZ LLC
NOW Health Group, Inc
The Bountiful Company
Iovate Health Sciences International Inc
Gulf Pharmaceutical Industries PSC
Glanbia Performance Nutrition, Inc
Abbott laboratories SA
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005686/en/
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