The Middle East & Southeast Asia dietary supplements market size was valued at US$ 17.04 billion in 2023 and is expected to reach US$ 30.72 billion by 2031. The market is expected to record a CAGR of 7.6% from 2023 to 2031.
The Middle East & Southeast Asia dietary supplements market is significantly growing with increasing awareness regarding health and wellness, availability of a wide range of supplements of different formats across multiple online and offline retail stores, and increasing disposable income. Consumers from the region are becoming more aware of the benefits of dietary supplement intake. Additionally, the increasing purchasing power of the consumers contributes to the growth of the market. Furthermore, the current trend of preventative healthcare practices, combined with multivitamin deficiency, which is often reported as a result of inadequate intake, is driving the demand for dietary supplements. Southeast Asia and the Middle East countries have seen a surge in the number of health clubs and fitness centers in recent years. This indicates that people are increasingly becoming health conscious. The general public is becoming more aware of the benefits of living a healthy lifestyle, and as a result, they are devoting more time to physical activity and adhering to a strict regular diet.
Based on packaging type, the Middle East & Southeast Asia dietary supplements market is segmented into bottles and jars, tins and cans, stand up pouches and cartons, sachets and other pouches, and blisters and strips. In 2023, the stand up pouches and cartons segment dominated the Middle East & Southeast Asia dietary supplements market. Manufacturers are increasingly focusing on offering innovative and sustainable packaging for dietary supplements. They are eliminating plastic usage in packaging and using recycled plastic products. Furthermore, they are also launching resealable stand up pouches with attractive designs and colors that ensure longer shelf life of the product. Thus, such packaging innovations are projected to boost the growth of stand up pouches and cartons segment in the Middle East & Southeast Asia dietary supplements market.
Herbalife, Life-Space Group Pty Ltd, Swisse Wellness Pty Ltd, GNC, Meridlife, ALLNATURE, Blackmores, Bayer AG, and 21st Century Singapore are a few players operating in the Middle East & Southeast Asia dietary supplements market. Players operating in the Middle East & Southeast Asia dietary supplements market focus on providing high-quality dietary supplements with vegan, sugar-free, and herbal claims with innovative delivery formats. Also, they are focusing on launching new and high-quality products at affordable prices for their customers.
The overall Middle East & Southeast Asia dietary supplements market forecast has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the Middle East & Southeast Asia dietary supplements market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 17.04 Billion |
| Market Size by 2031 | US$ 30.72 Billion |
| CAGR (2023 - 2031) | 7.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Form
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The List of Companies - Middle East & Southeast Asia Dietary Supplements Market
The Middle East & Southeast Asia Dietary Supplements Market is valued at US$ 17.04 Billion in 2023, it is projected to reach US$ 30.72 Billion by 2031.
As per our report Middle East & Southeast Asia Dietary Supplements Market, the market size is valued at US$ 17.04 Billion in 2023, projecting it to reach US$ 30.72 Billion by 2031. This translates to a CAGR of approximately 7.6% during the forecast period.
The Middle East & Southeast Asia Dietary Supplements Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Southeast Asia Dietary Supplements Market report:
The Middle East & Southeast Asia Dietary Supplements Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Southeast Asia Dietary Supplements Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Southeast Asia Dietary Supplements Market value chain can benefit from the information contained in a comprehensive market report.
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