Lebanon Nutritional Supplements Market Report 2022 to 2030

Lebanon Nutritional Supplements Market Analysis

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

ID: IN10LBON002 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: Lebanon AUTHOR: Dr. Vishwa Modhia

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Lebanon Nutrition and Supplements Market Analysis Summary

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

Lebanon is a developing country with an upper middle income that is located in the Middle East on the eastern bank of the Mediterranean Sea. Micronutrient deficiencies are a major public health concern in Lebanon, especially among vulnerable populations such as refugees and low-income households. Anaemia is also common, affecting roughly 27% of reproductive-age women.

In Lebanon, vitamin D insufficiency is frequent, especially among women and children. According to one study, 66 % of Lebanese women have insufficient vitamin D levels. In Lebanon, vitamin D supplementation is routinely suggested, especially during the winter months when sunshine exposure is limited. Lebanon's government spends 8% of its GDP on healthcare.

Market Dynamics

Market Growth Drivers Analysis

Lebanon is an important regional economic centre with significant tourism potential. Many organisations, including the United Nations (UN), have provided assistance to Lebanon in order to enhance healthcare. In an effort to assist hospitals and healthcare providers in purchasing supplies, the Central Bank has also intervened, ensuring that half of the money withdrawn for imports will be exchanged at the official rate rather than the inflated rate. These aspects could boost Lebanon's nutrition and supplement market.

Market Restraints

Lebanon's high-risk political and economic climate, as well as its frequently tough business environment, can have a substantial impact on corporate payment behaviour. Because of poor living conditions, Lebanon has social instability. The situation is progressively deteriorating as COVID-19 poses a threat to the world economy. Since October 2019, the value of Lebanon's currency has fallen by 78%. The primary problem with healthcare in Lebanon is the country's shortage of US cash. These factors may deter new entrants into the Lebanon nutrition and supplement market.

Competitive Landscape

Key Players

Nutripharm (LBN)
Medicamix (LBN)
Benta Pharma (LBN)
Biovea (LBN)
Weider (LBN)
PrimePharma (LBN)
GNC
GlaxoSmithKline

Healthcare Policies and Reimbursement Scenarios

The Ministry of Public Health (MOPH) and the National Council for Scientific Research (NCSR) oversee dietary supplements in Lebanon. The MOPH is in charge of ensuring that nutritional supplements placed on the Lebanese market are safe and appropriately labelled, whilst the NCSR is in charge of reviewing scientific data linked to nutritional supplements. The MOPH regulates the use of health claims on nutritional supplement products. Companies are required to produce scientific proof to back up any health claims made about their products.

In Lebanon, numerous agencies, including the Ministry of Public Health, the National Social Security Fund (NSSF), and commercial health insurance companies, may be engaged in the reimbursement of healthcare bills. Under some conditions, nutritional supplement reimbursement may be offered through private health insurance providers in Lebanon. Some insurance policies, for example, may cover supplements prescribed by a doctor to address a specific medical condition or disease, such as a vitamin or mineral deficit. In order to get reimbursed for a nutritional supplement in Lebanon, you must first receive a prescription from a healthcare expert and then purchase the supplement from a certified pharmacy or medical supply store.

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.