UAE Herbal Supplements Market Report 2023 to 2030

UAE Herbal Supplements Market Report

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The UAE Herbal Supplements Market was valued at $26.30 Mn in 2023 and is predicted to grow at a CAGR of 7.2% from 2023 to 2030, to $42.79 Mn by 2030. The key drivers of this industry include health and wellness trends, cultural influence, and government initiatives. The industry is primarily dominated by players such as Himalaya Wellness, Dabur, Herbalife Nutrition, and Healwell Pharma among others.

ID: IN10AEON001 CATEGORY: OTC & Nutraceuticals GEOGRAPHY: UAE AUTHOR: Aashwi Mehta

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UAE Herbal Supplements Market Executive Summary

The UAE Herbal Supplements Market was valued at $26.30 Mn in 2023 and is predicted to grow at a CAGR of 7.2% from 2023 to 2030, to $42.79 Mn by 2030.

Herbal supplements, also known as botanicals, are dietary supplements that contain one or more herbs. These products, which include herbal, botanical, or phytomedicines, are derived from plants or botanicals to promote health or treat illnesses. Herbal supplements are intended specifically for internal use and are commonly available in solid forms such as capsules, pills, tablets, and lozenges, but can also be found in liquid or powder forms. Some popular herbal supplements include Echinacea, Garlic, Ginkgo, Ginseng, St. John's Wort, Saw Palmetto, and Valerian.

In a national survey in the UAE in 2022, 98.7% of individuals reported using herbal medicines (HMs). The primary reasons for HM use were to boost immunity (26.8%) and for relaxation (23.5%). Most participants were female (70.3%) and generally reported having fair health status. The market is driven by significant factors like health and wellness trends, cultural influence, and supportive government initiatives. However, the prevalence of counterfeit products, competition from functional and organic foods, and high ingredient costs restrict the growth and potential of the market.

Prominent players in this field include Himalaya Wellness, Dabur, Herbalife Nutrition, and Healwell Pharma among others.

UAE Herbal Supplements Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Health and Wellness Trend: As consumers in the UAE become increasingly health-conscious, there is a rising awareness and preference for natural and organic products. This trend has greatly elevated the demand for herbal supplements, driving market growth as more individuals seek healthier, natural alternatives for their wellness needs.

Cultural Influence: The UAE's long-standing tradition of using herbal remedies continues to shape consumer preferences. This cultural heritage drives the herbal supplement market, as many individuals naturally turn to these time-honored solutions for their health needs.

Supportive Government Initiatives: The UAE government actively promotes health and wellness through various initiatives, including regulating and endorsing safe and effective herbal supplements. This governmental support is a significant market driver, as it ensures product quality and safety, thereby increasing consumer confidence and boosting demand.

Market Restraints

Prevalence of Counterfeit Products: The widespread presence of counterfeit products in the market can erode consumer trust in the quality and effectiveness of herbal supplements. This issue serves as a significant market restraint, as it discourages potential buyers and can lead to reduced demand for authentic products.

Competition from Functional and Organic Foods: Competition from the functional and organic foods market in the UAE presents a restraint for the herbal supplement market due to overlapping consumer bases and perceived effectiveness. The continuous innovation and product development in functional and organic foods also attract consumer attention and investment that might otherwise be directed toward herbal supplements, further limiting the herbal supplement market's growth potential.

High Ingredient Cost: High ingredient costs are a market restraint for the herbal supplement market in the UAE because they lead to higher product prices, making supplements less affordable for consumers. This limits market growth, particularly among price-sensitive segments, and can reduce overall demand.

Regulatory Landscape and Reimbursement Scenario

The Ministry of Health and Prevention (MOHAP) regulates herbal supplements in the UAE. Before herbal and dietary supplements can be imported, distributed, or sold in the UAE, they must undergo registration with MOHAP. This process includes providing comprehensive product details, and certificates of analysis, and submitting samples for evaluation to ensure that the supplements comply with stringent safety and quality standards enforced by MOHAP. Health insurance in the UAE generally does not cover herbal supplements because they are classified as over-the-counter (OTC) products and not deemed essential for medical treatment. Insurance plans in the UAE prioritize coverage for medically necessary treatments and medications that are supported by scientific evidence for specific conditions. Herbal supplements, lacking comparable scientific validation, typically do not meet the criteria for medical necessity recognized by insurance providers.

Competitive Landscape

Key Players

Here are some of the major key players in the UAE Herbal Supplement Market:

Himalaya Wellness
Dabur
Herbalife Nutrition
Healwell Pharma
Gaia Herbs
Patanjali Ayurved
Botanic Supplements
NOW Foods
Be Well Remedies
Forever Living

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

UAE Herbal Supplements Market Segmentation

By Product Form

Tablet
Capsule
Powder
Others

By Application

Immunity
General Wellness
Specific Health Condition

By Distribution Channel

Pharmacies
Supermarket/Hypermarket
Online
Specialty Stores

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.