Saudi Arabia Health Ingredient Market is projected to grow at a strong CAGR during 2019-2024 owing to growing demand for innovative food & beverages ingredients, increasing per capita income, increasing consumer awareness about the benefits of healthy dietary habits, changing lifestyles and growing preference for foods with health and wellness advantages. Based on application, the market has been categorised into Food & Beverages, Personal Care, Animal Feed and Others. Health ingredients market have been gaining importance from pharmaceutical applications segment due to growing demand for functional supplements. According to the governments’ health data in Saudi Arabia, the percentage change in the chronic kidney diseases from 2005-2016 comes around more than 22% and that of liver cancer recorded more than 35% due to which the government of the country is taking several steps and taking initiatives for securing life of the people. The Ministry of Health (MOH) in Saudi Arabia is seeking to launch several health initiatives related to the National Transformation Program (NTP) 2020 and the Saudi Vision 2030. The main aim of launching this programme in the country is to create awareness among consumers regarding their health by implementation of several health campaigns and educational trainings. Increasing government initiative in the field of health education and creating awareness among consumers regarding healthy lifestyle will further boost the demand for health ingredient in Saudi Arabia.
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Years considered for this report:
Historical Year : 2014-2017
Base Year : 2018
Estimated : 2019
Forecast : 2020-2024
Objective of the Study:
- To analyse and forecast the market size of Health Ingredients Market, in terms of value and volume.
- To classify and forecast Saudi Arabia Health Ingredients Market based on type, application, source, function and regional distribution.
- To identify drivers and challenges for Saudi Arabia Health Ingredients Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia Health Ingredients Market.
- To conduct the pricing analysis for Health Ingredient Market.
- To identify and analyse the profile of leading players involved in the manufacturing of Saudi Arabia Health Ingredient Market.
Some of the leading players in the Saudi Arabia Health Ingredient Market are Tate & Lyle PLC, Associated British Foods PLC, Archer Daniels Midland Company, Kerry Group PLC, Ingredion Incorporated, Cargill, Lonza Group Ltd., Royal Frieslandcampina N.V., BASF SE etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across Saudi Arabia. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across Saudi Arabia.
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TechSci Research calculated the market size of Saudi Arabia Health Ingredients Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Health Ingredients manufacturers
- Health ingredient suppliers and distributors
- Food & beverage manufacturers
- Research Institutes
- Associations, organizations, forums and alliances related to Health Ingredients.
- Industry associations
- Market research and consulting firm.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Saudi Arabia Health Ingredients Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, by type:
- Vitamins
- Minerals
- Prebiotics
- Enzymes
- Plant & Fruit Extracts
- Probiotic Starter Cultures
- Others
- Market, by Application:
- Food & Beverages
- Personal Care
- Animal Feed
- Others
- Market, by Source:
- Synthetic
- Plant
- Animal
- Others
- Market, by Function:
- Gut Health Management
- Eye Health Management
- Immunity Enhancement
- Brain Health Management
- Heart/Cardiovascular Health Management
- Others
- Market, by Country:
- Saudi Arabia
- Northern & Central Region
- Western Region
- Southern Region
- Eastern Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Health Ingredients Market.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
Contact
Mr. Ken Mathews
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