GCC Nutraceuticals Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast (2021-2026)

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

GCC Nutraceuticals Market are products deriving from food sources that exhibit extra health benefits besides the usual nutrition found in food. They also promote general wellbeing and provides several health benefits. According to the MarkNtel Advisors’ research report, “GCC Nutraceuticals Market Analysis, 2021,” the market is likely to grow at a CAGR of around 9% during 2021-26. The market growth attributes to rising health concerns regarding lifestyle-related illnesses like obesity and diabetes. Due to increasing consumer awareness, there is a surge in demand for safe and clean label products, thereby fueling the growth of the nutraceuticals market.

Moreover, the increasing awareness regarding their benefits and the growing popularity of customized nutrients are a few more factors propelling the demand for nutraceutical products.

Request Free Sample Copy :- https://www.sdki.jp/sample-request-115466
The Final Report will cover the impact analysis of COVID-19 on this industry: GCC Nutraceuticals Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast (2021-2026)

Impact of COVID-19
The spread of the coronavirus pandemic is boosting the prospects of the GCC Nutraceutical Market due to an increase in consumers’ preference toward taking preventive healthcare conditions through immunity-booster supplements. Further, the lockdown imposition adversely affected the imports & exports of these products and hindered the market growth. However, the e-commerce channel will aid the revenue from the nutraceutical market as it will eliminate the potential losses that occurred from travel restrictions during lockdowns.

Vitamins & Minerals Accounted for the Largest Market Share
The Product Type-based segments of the GCC Nutraceutical Market are Dietary Supplements, Functional Foods, and Functional Beverages. The Dietary Supplement further bifurcates into Proteins & Peptides, Vitamins & Minerals, Herbals, and Others. Among these, Vitamins & Minerals segment acquired the largest share in the market in 2019 due to the shift of consumers’ preference toward adopting cheaper alternatives instead of traditional medical care, like visiting clinics and taking prescription-based drugs.

However, the absence of legible regulatory and fragmented buyer & supplier base are the most significant threats that could limit the growth of the nutraceutical market in GCC nations, says MarkNtel Advisors’ in their research report “GCC Nutraceuticals Market Analysis, 2021.”

Plant-Based Nutraceuticals Grabbed the Largest Market Share
Based on the Source, the market is into the plant, animal, and microbial segments. In 2019, the plant-based nutraceutical segment held the largest share in the GCC Nutraceutical Market.
Further, the surge in the vegan population is the primary factor that is likely to fuel the demand for plant-based nutraceuticals. Additionally, it boosts the immune system as plant-based products contain the most crucial nutrition that is not there in other foods.

However, there is still a lack of specific nutrients that nutraceutical products can supplement. Hence, there is a tremendous scope of increasing the product portfolio under the nutraceutical market.

Increasing Use of Nutraceuticals as Immunity Boosters Favors the Market Growth
The rising awareness regarding the balanced diet astronomically fuels the need for nutraceutical products. The growing demand for the treatment of lifestyle-based diseases like obesity and cardiovascular diseases shall certainly augment the growth of the nutraceutical market over the forecast period. Further, the snowballing inclination of people toward a healthy diet and burgeoning need for functional foods offers various lucrative opportunities for market growth.

Competitive Landscape
According to MarkNtel Advisors, the major leading players in the GCC Nutraceuticals market are Pfizer Inc, Bayer AG, Vitabiotics Ltd, Perrigo Company PLC, Nestlé SA, Danone, BASF S.A., PepsiCo Inc, General Mills, Almarai Co Ltd.

Key Questions Answered in the Market Research Report:
1. What are the primary overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of GCC Nutraceuticals Market?
2. What are the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current, and future trends, and regulations in the GCC Nutraceuticals Market?

TABLE OF CONTENT

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Market Segmentation
1.4. Assumptions
2. Preface
3. Executive Summary
4. Impact of COVID-19 on GCC Nutraceuticals Market
5. GCC Nutraceuticals Market Outlook, 2016-2026F
5.1. Market Size & Analysis
5.1.1. Revenues
5.2. Market Share & Analysis

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

Related Links
https://www.sdki.jp/

Related Reports

Leave a ReplyCancel Reply