ACCESS Newswire
30 Jun 2020, 19:25 GMT+10
Major nutraceuticals companies are seeking to leverage opportunities in the preventive healthcare segment during the coronavirus pandemic, in addition to brand promotion activities.
DUBAI, UAE / ACCESSWIRE / June 30, 2020 / The Middle East & North Africa (MENA) nutraceuticals market is projected to grow impressively throughout the assessment period (2020-2030). The global pandemic has resulted in high demand for immunity boosting supplements. In addition, a drop in meat, poultry, and seafood consumption will in turn boost the demand for protein supplements in the months ahead.
Nutraceutical brands are investing in awareness campaigns, targeted through social media platforms to reach consumers through digital means. Furthermore, the change in production, consumption, and policies are likely to be temporary. However, investments into clean label, organic formulations, with research & development endeavors will help sustain sales in the years to come after the pandemic, reveals FMI.
'The coronavirus pandemic has revealed the importance of collaborations between governments and nutraceutical companies in terms of changes in regulatory policies and research. While research can be conducted by nutraceutical players, implementation of relevant programs in the public sphere can be done through collaboration, which will boost market prospects post pandemic,' says the FMI analyst.
For more insights into the Market, request a sample of this report@ https://www.futuremarketinsights.com/reports/sample/rep-ma-681
Nutraceuticals Market - Key Takeaways
Nutraceuticals Market - Key Driving Factors
Nutraceuticals Market - Key Constraints
The Anticipated Impact of Coronavirus
The coronavirus crisis is boosting the prospects of the MENA nutraceuticals industry. Consumers are increasingly seeking preventive healthcare solutions through immunity-support supplements. While the demand for nutraceuticals grows during the pandemic, restrictions on imports and exports are hampering market players.
Nutraceutical manufacturers are investing in e-commerce distribution channels, to mitigate potential losses arising from travel restrictions during lockdowns. Concerns over a potential global recession could also impact market developments in the months to come.
For information on the research approach used in the report, request methodology@ https://www.futuremarketinsights.com/askus/rep-ma-681
Competition Landscape
Prominent players in the MENA nutraceuticals market include but are not limited to Amway Corporation, BASF, Arla Foods, General Mills, Nestle S.A., and Danone. Manufacturers are seeking strategic partnerships, mergers, and acquisitions in addition to product launches to grow market reach and bolster product portfolios. The niche players such as Danone, Kellogg's and BASF are seeking to catapult their revenue prospects through the promotion of new products. Kellogg's is capitalizing on its Nutrigrain bread line by promoting it as an ‘all-day-snack' instead of just breakfast food. Similarly, Danone is spreading awareness about nutraceuticals to claw its way into the regional market. The company has collaborated with CARE in Egypt to distribute 500 tons of surplus milk to be delivered by around 1,600 suppliers to the center for distribution.
More about the Report
The FMI's market research report offers detailed insights on nutraceuticals market. It provides an unbiased account about the prominent market dynamics responsible for shaping future growth trajectory across prominent pockets. The market is scrutinized on the basis of product type (functional food, functional beverage, and dietary supplements), across two key regions (GCC and Rest of MEA).
Explore Extensive Coverage of FMI's Food & Beverages Landscape
Pea Protein Market: Find insights on the global pea protein market with segment analysis, statistics, influencing factors, and business strategies adopted by market players for a 7-year forecast period.
Food Grade Alcohol Market: FMI's report on the global food grade alcohol market offers details on the market set for strong growth during 2019-2028. The study covers impacting forces, sources of revenue, market leaders, and market strategies.
Fermented Ingredients Market: Get an in-depth analysis on the fermented ingredients market with insights on growth levers, opportunities, regulatory policies, restraints, regional markets and market leaders between 2019 and 2029.
About FMI
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the food & beverages sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Market Report: https://www.futuremarketinsights.com/reports/mena-nutraceuticals-market
Press Release Source: https://www.futuremarketinsights.com/press-release/nutraceuticals-market
SOURCE: Future Market Insights
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...