Kuwait Nutritional Supplements Market Report 2022 to 2030

Kuwait Nutritional Supplements Market Analysis

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By 2030, it is anticipated that the Kuwait Nutrition and Supplements market will reach a value of $xx Bn from $1.53 Bn Mn in 2022, growing at a CAGR of xx% during 2022-2030. The nutritional supplements market in Kuwait is primarily dominated by local players such as Al-Nafees, Al Mojil Drug Co, and Haya Labs. The market for nutrition and supplements in Kuwait is primarily driven by an inclination towards better health infrastructure, government regulations and increasing consumer awareness of health and lifestyle. The Kuwait nutrition and supplements market in Kuwait is segmented by Type, Product, application, and Distribution Channel.

ID: IN10KWON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Kuwait AUTHOR: Dr. Vishwa Modhia

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Kuwait Nutrition and Supplements Market Analysis Summary

By 2030, it is anticipated that the Kuwait Nutrition and Supplements market will reach a value of $xx Bn from $1.53 Bn Mn in 2022, growing at a CAGR of xx% during 2022-2030.

Kuwait is a middle-income developing country in the Middle East's northeast Arabian Peninsula. A 2019 study published in the Journal of Nutrition and Metabolism found that 36.7 % of Kuwaiti adults used dietary supplements.

Vitamin D (32.2 %), multivitamins (31.2 %), omega-3 fatty acids (17.2%), and vitamin C were the most regularly utilised supplements in Kuwait (14.9 %). Supplement use was higher among women (41.1%) than males (32.2%), and among older persons, with those aged 60 and older reporting the greatest prevalence of supplement use (47.2 %). The government of Kuwait spends 6.3 % of its GDP on healthcare.

Kuwait Nutrition and Supplements Market Analysis

Market Dynamics

Market Growth Drivers Analysis

Traditional diets may be giving way to diets that are higher in processed foods and poorer in vital nutrients as Kuwait grows more westernised. This may be prompting some people to seek supplements to fill nutrient deficiencies in their diets. Traditional diets may be giving way to diets that are higher in processed foods and poorer in vital nutrients as Kuwait grows more westernised.

This may be prompting some people to seek supplements to fill nutrient deficiencies in their diets. Kuwait has a strong worldwide investment position. Kuwait has a low-inflation environment and excellent living standards, which can raise people's intake of nutritional supplements. These aspects could boost Kuwait's nutrition and supplement market.

Market Restraints

Kuwait is heavily reliant on expatriate labour (70 % of the population). Kuwait has a slow-moving bureaucracy, which makes it difficult to conduct business. These factors may deter new entrants into the Kuwait nutrition and supplement market.

Competitive Landscape

Key Players

Al Mojil Drug Co (KWT)
Olimp (KWT)
Haya Labs (KWT)
Al-Nafees (KWT)
Fitness Formula (KWT)
Nutripharm
GNC
GlaxoSmithKline

Healthcare Policies and Reimbursement Scenarios

The Public Authority for Food and Nutrition (PAFN) regulates nutritional supplements in Kuwait. The PAFN assures that nutritional supplements sold in Kuwait are safe, correctly labelled, and do not make deceptive promises. The PAFN regulates the use of health claims on nutritional supplement products. Any health claims made on a company's product must be supported by scientific proof.

In Kuwait, there is no formal payment scheme for nutritional supplements and medicinal foods. The government primarily provides the healthcare system in Kuwait, and health services are generally available to all citizens and residents. The availability of nutritional supplements and medicinal foods, on the other hand, may vary depending on the product and the medical condition.

1. Executive Summary
1.1 Product Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Government Regulation in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel and Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation

6. Methodology and Scope

Nutritional Supplements Market Segmentation

The Nutritional Supplements Market is segmented as mentioned below:

By Product (Revenue, USD Billion):

Sports Nutrition
- Sports Food
- Sports Drinks
- Sports Supplements

Fat Burners
- Green Tea
- Fiber
- Protein
- Green Coffee
- Others (Turmeric, Ginseng, Cranberry, Garcinia Cambogia)?

Dietary Supplements
- Vitamins
- Minerals
- Enzymes
- Amino Acids
- Conjugated Linoleic Acids

Functional Foods
- Probiotics
- Omega-3
- Others

By Consumer Group (Revenue, USD Billion):

Infant
Children
Adults
Pregnant
Geriatric

By Formulation (Revenue, USD Billion):

Tablets
Capsules
Powder
Softgels
Liquid
Others

By Delivery Channel (Revenue, USD Billion):

Chemists/Pharmacists
Direct-to-Consumer Sales
E-commerce

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.