Saudi Arabia Nutraceutical Market is Largely Dominated by Foreign Players across the Entire Value Chain, however the government’s target for Increased Saudization is Changing the Scenario: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Saudi Arabia Nutraceutical Market: – “Saudi government is focused on controlling the health of its citizens and is taking various actions to control the sale of products having health hazards. It has imposed a 100% sin tax on energy drinks and is putting curbs on wrongful advertising about health benefits on various products.” Analysts at Ken Research in their latest publication “Saudi Arabia Nutraceuticals Market Outlook to 2023” expect that energy drinks will gain the lost market due to high taxes as there is no alternative substitute. Vitamins and dietary supplements along with functional food will become the key segment in controlling lifestyle diseases. It is expected that the Saudi Arabia Nutraceutical market will register a five-year positive CAGR during the period 2018-2023. The market is a mix of matured and growth stages depending on the product to product. It is matured for prescription based vitamins and dietary supplements but the potential exists for many functional food and beverages which can easily make their entry in the FMCG sector. Nutraceutical segments have positioned as natural as well as a healthy alternative to traditional medicine. Changes in Tax Structure: The Saudi government has made significant changes in the tax structure of the nutraceutical products sold in the domestic market. In June 2017, the government implemented 100% sin tax on energy drinks. In 2015, change in policy further led to a decline in the retail price of vitamins and minerals sold in Saud Arabia. This has resulted in a negative impact on the revenue, due to which consumer spending decreased to some extent in the market. Amplified Demand from Pediatric Population: Parents are becoming more concerned about their child’s health, growth, and nutrition and were further witnessed to spend any amount of significant money over necessity products, especially for babies. The Saudi Arabia nutraceuticals market is largely dominated by functional food. Baby food and milk formula are the largest segments in demand for functional food. Supermarkets and hypermarkets are the largest source for selling functional and baby food items and are followed by local grocery shops. Collectively, they account for the majority of the sales of functional food. Remaining sales are executed through pharmacies, and convenience stores. Key Segments Covered:- Vitamins and Dietary Supplements: By Standard and herbal/Traditional Vitamins & Dietary Supplements By Type of Dietary Supplements (Standard/Non-Herbal and Herbal/Traditional) By Positioning of Dietary Supplements (Bone, Joint, Sexual Health, General Health, Immune System, Heart Health, Digestive, Energy and Others) By Distribution Channel (Drugstores/ Parapharmacies, Direct Selling and Internet Selling, Other Healthcare Specialist Retailers, Supermarkets and Hypermarkets) Functional Foods: By Type of Functional Foods (Dairy, Baby Food, Breakfast Cereals, Edible Oil and Confectionary) By Distribution Channel (Hypermarket and Supermarket, Independent and Small Grocery Retailer, and Other Convenience Stores, Online Retailing, Restaurants, Food Kiosks and Others) Functional Beverages: By Product Category (Cold Drinks and Hot Drinks) By Soft Drinks (Energy Drink, FF Concentrates, Sports Drink, and Vegetable/fruit Juice) By Distribution Channel (Hypermarket and Supermarket, Independent and Small Grocery Retailer, and Other Convenience Stores, Online Retailing, Restaurants, Food Kiosks and Others Key Target Audience:- Nutritional Supplements Manufacturers Nutritional Supplements Distributors Nutraceuticals Distributors Government Agencies Vitamins and Dietary Supplements Companies Functional Foods Companies Functional Beverages Companies Hypermarkets and Supermarkets Drug Stores and Pharmacies Chain Online Sales and Retailing Agencies Time Period Captured in the Report:- Historical Period: 2013- 2018 Forecast Period: 2019 -2023 Companies Covered:- Vitamins and Dietary Supplements: Pfizer Inc Bayer AG Vitabiotics Ltd Jamjoom Pharma Procter & Gamble Co, The Laboratoires Arkopharma SA General Nutrition Centers Inc Sanofi Functional Foods:- Nestlé SA Danone, Groupe Almarai Co Ltd RONESCA Abbott Laboratories Inc PepsiCo Inc Functional Beverages:- Abuljadayel Beverages Industries Llc ALJSR Global Co Red Bull GmbH Mondelez International Inc Spitz GesmbH, S Nestlé SA Key Topics Covered in the Report:- Supplements in Saudi Arabia Dietary Supplements in Saudi Arabia Saudi Arabia Functional Dairy Market Saudi Arabia Reduced Fat Milk Market International nutritional Supplement Companies Saudi Arabia GCC Nutritional Supplements Market GCC Vitamins and Dietary Supplements Market Middle East Nutritional Supplement Market Middle East Functional Beverage Market Middle East Dietary Supplements Market Vitamin producing Companies in the Kingdom Dietary Supplement Companies in KSA Herbal Vitamins Market Saudi Arabia For More Information On The Research Report, Refer To Below Link:- Saudi Arabia Nutraceuticals Market Related Reports by Ken Research:- Singapore Nutraceutical (Vitamin And Dietary Supplements, Functional Food And Beverages) Market Outlook To 2023 – Maturing Market Backed By Demand From Millennials For Multivitamins And Mineral Indonesia Nutritional Supplements Market Outlook To 2023 – By Vitamins (Single Vitamin And Multi-Vitamin) & Herbal And Standard Dietary Supplements (General Health, Beauty, Digestive, Bone, Heart Health, Memory, Joint), Functional Beverages And Functional Food Philippines Nutraceuticals Market Outlook to 2022-Composite Herbal Dietary Ingredients, Ginseng, Garlic and Ginkgo Biloba Based Herbal Supplements will Drive the Growth Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Beauty Dietary Supplement in Saudi Arabia, Dietary Supplement Companies in KSA, Dietary Supplements in Saudi Arabia, Digestive Dietary Supplements Saudi Arabia, Energy Drinks Market Saudi Arabia, Food Kiosks in Saudi Arabia, Functional Food Companies in Saudi Arabia, GCC Functional Beverage Market, GCC Functional Food Market, GCC Nutritional Supplements Market, GCC Vitamins and Dietary Supplements Market, Ginseng Dietary Supplement in Saudi Arabia, Herbal Vitamins Market Saudi Arabia, Hot Drinks Major Companies Saudi Arabia, International 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