Nutraceuticals Market in MENA Expected to Expand at 7.1% CAGR through 2020

Report Id : REP-MA-681 Published On : July-2015 Category : Food and Beverages

Nutraceuticals Market: Middle East and North Africa (MENA) Industry Analysis and Opportunity Assessment, 2015 - 2020

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Research Methodology (1/2)

SYSTEMMATIC RESEARCH APPROACH

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SOLUTION

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Insights

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Key focus segments

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Conclusions

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MENA Nutraceuticals Market Analysis and Forecast

MENA Nutraceuticals Market expected to expand at robust CAGR of 7.1% due to technological advancements in nutraceuticals manufacturing processes as well as growing demand for natural products Future Market Insights (FMI), delivers key insights on the Middle East & North Africa (MENA) nutraceuticals market in its latest report titled, “Nutraceuticals Market: Middle East and North Africa (MENA) Industry Analysis and Opportunity Assessment, 2015 - 2020”. According to the report, the nutraceuticals market in MENA is expected to register a robust single-digit CAGR of 7.1% during forecast period 2015- 2020. Nutraceuticals are any products derived from food sources, and which offer extra health benefits besides the basic nutritional values other foods offer.

Assessing the various factors driving market growth, FMI analyst said, “Advancements in product offering is fuelling the demand for nutraceuticals for application in a wide range of products such as medicines and food & beverages.” The analyst added that increasing awareness among consumers in MENA about the benefits of nutraceutical products over conventional medicines is expected to further fuel market growth, which in turn will prompt manufacturers to diversify their product offerings and introduce nutraceutical products to keep up with the demand.

MENA Nutraceuticals Market Analysis and Forecast

The MENA nutraceuticals market is segmented on the basis of product type into dietary supplements, functional food and functional beverages. Among these, demand for dietary supplements was most robust, accounting for 37.0% share of the MENA nutraceuticals market in 2014. As per FMI estimates, this segment will register a CAGR of 7.0% during the forecast period.

The dietary supplement segment is further sub-segmented into vitamin & mineral supplements, herbal supplements and protein supplements, among which, vitamin & mineral supplements and protein supplements collectively accounted for over 75% market share in 2014. FMI estimates that protein supplements will register a CAGR of 6.9% between 2015 and 2020, accounting for US$ 1.15 Bn in terms of revenue in 2014. Functional beverages was the second most lucrative segment after dietary supplements, accounting for over 27.9% share in 2014, which is forecast to increase at a 7.3% CAGR through 2020.

Browse Full "Nutraceuticals Market: Middle East and North Africa (MENA) Industry Analysis and Opportunity Assessment, 2015 - 2020" Research Report at http://www.futuremarketinsights.com/reports/details/mena-nutraceuticals-market

MENA Nutraceuticals Market Analysis and Forecast

Increasing demand for natural products coupled with technological advancements is expected to fuel demand for nutraceuticals products in the region. In addition, increasing trade liberalization, which has changed the food consumption pattern globally, has enabled numerous nutraceuticals manufacturer and distributors to supply products to various countries in the region. This is one of the major factors driving growth of the nutraceuticals market in MENA region.

Results of the end-user survey conducted by FMI among leading nutraceuticals distributors/retailers operating in the Middle East & North Africa, with a special focus on GCC, reveals that preference for natural products is a major trend in this region. Hypermarkets/supermarkets emerged the most preferred buying channel for these products, with highest score of 1.8 on the scale of 1 to 4; with 1 being highest and 4 being lowest. This was closely followed by pharmacy/food stores with a rating of 1.9.

GCC on the other hand emerged the most lucrative market for nutraceuticals in MENA, accounting for US$ 3.53 Bn in 2014, which FMI estimates will increase at a CAGR of 7.3% to account for US$ 5.32 Bn by 2020. The nutraceuticals market in Rest of Middle East meanwhile was valued at US$ 2.06 Bn in 2014. Market growth in North Africa, the other key region in the MENA nutraceuticals market, is anticipated to expand at a healthy single-digit CAGR over the forecast period.

Table of Content

1. MENA Nutraceuticals Market- Executive Summary 2. Research Methodology 3. Assumptions and Acronyms Used 4. Nutraceuticals Market Overview 4.1. Introduction 4.1.1. Market Definition 4.1.2. Market Taxonomy 4.2. Parent Market Overview 4.2.1. Growth Rate Comparison 4.2.1.1. Global Food Retail Market 4.2.1.2. Global Nutraceuticals Market 4.2.1.3. MENA Food Retail Market 4.2.1.4. MENA Nutraceuticals Market

Table of Content

4.3. MENA Food Laws and Regulations 4.4. MENA Nutraceuticals Market Trends

4.5. MENA Nutraceuticals Market Dynamics 4.5.1.1. Drivers 4.5.1.1.1. Economic Driver 4.5.1.1.2. Supply Side Driver 4.5.1.1.3. Demand Side Driver 4.5.1.2. Restraints 4.5.1.3. Value Chain Analysis 4.5.1.2. Restraints 4.5.1.3. Value Chain Analysis 5. MENA Nutraceuticals Market Analysis and Forecast 5.1. MENA Nutraceuticals Market Size and Y-o-Y Growth Rate 2014–2020

Table of Content

5.2. MENA Nutraceuticals Market Absolute $ Opportunity 2014–2020 5.3. MENA Nutraceuticals Market Distribution Channel Analysis 5.3.1. Hypermarket/Supermarket 5.3.1.1. Market Share 2014 & 2020 5.3.2. Pharmacy/Food & Drug Store 5.3.2.1. Market Share 2014 & 2020 5.3.3. Local Grocery/Department Store 5.3.3.1. Market Share 2014 & 2020 5.3.4. Other Distribution Channels 5.3.4.1. Market Share 2014 & 2020

6. MENA Nutraceuticals Market Analysis and Forecast, By Product Type 6.1. Introduction 6.2. MENA Nutraceuticals Market Size and Forecast, By Product Type

Table of Content

6.2.1. MENA Nutraceuticals Market Share and BPS Analysis, By Product Type 6.2.1.1. Dietary Supplement Market Size and Forecast 2013–2020 6.2.1.2. Functional Food Market Size and Forecast 2013–2020 6.2.1.3. Functional Beverages Market Size and Forecast 2013–2020 6.3. Dietary Supplement 6.3.1. Dietary Supplement Market Size and Forecast and Y-o-Y Growth 6.3.2. Dietary Supplement Market Absolute Dollar Opportunity 6.3.3. Dietary Supplement Sub-segments Market Analysis 6.3.3.1. Vitamin & Mineral supplement Market Size and Forecast 6.3.3.1.1. Market Size and Forecast 2015–2020 6.3.3.1.2. Market Share 2015–2020 6.4. Functional Food 6.4.1. Functional Food Market Size and Forecast and Y-o-Y Growth 6.4.2. Functional Food Market Absolute Dollar Opportunity

Table of Content

7. MENA Nutraceuticals Market Analysis and Forecast, By Region 7.1. Introduction 7.2. MENA Nutraceuticals Market Size and Forecast, By Region 7.2.1. MENA Nutraceuticals Market Share By Region 7.2.2. MENA Nutraceuticals BPS Analysis By Region 7.2.3. MENA Nutraceuticals Market Snapshot, By Region 7.2.3.1. GCC Market Size and Forecast 2013–2020 7.2.3.2. North Africa Market Size and Forecast 2013–2020 7.2.3.3. Rest of Middle East Market Size and Forecast 2013–2020 8. GCC 8.1. GCC Nutraceuticals Market Analysis and Forecast 8.1.1. GCC Nutraceuticals Market Size and Y-o-Y Growth 8.1.2. GCC Nutraceuticals Market Absolute Dollar Opportunity

Table of Content

8.2. GCC Nutraceuticals Market By Product Type 8.2.1. Dietary Supplement 8.2.1.1. Market Share 2014 and 2020 8.2.1.2. Market Size and Forecast 2013–2020 8.2.2. Functional Food 8.2.2.1. Market Share 2014 and 2020 8.2.2.2. Market Size and Forecast 2013–2020 8.2.3. Functional Beverages 8.2.3.1. Market Share 2014 and 2020 8.2.3.2. Market Size and Forecast 2013–2020 8.3. GCC Nutraceuticals Market Trend 8.4. GCC Nutraceuticals Market Impact An

9. North Africa 9.1. North Africa Nutraceuticals Market Analysis and Forecast

Table of Content 10. GCC – Industry Survey Analysis 10.1. Executive Summary for Industry Survey

10.2. Industry Survey Background & Methodology 10.3. Respondent Profile For Nutraceutical Products 10.3.1. Respondent Profile Comparison For more insights on the MENA Nutraceuticals Market, you can request a report sample with full TOC at http://www.futuremarketinsights.com/reports/sample/rep-ma-681

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