Middle East And Africa Vitamin D Market 2023-2030
MARKET OUTLOOK
As per Triton Market Research’s report, the vitamin D market in the Middle East and Africa will advance in value at a compound annual growth rate of 7.12% during the forecast years 2023-2030. The UAE, Saudi Arabia, Turkey, South Africa, and Rest of Middle East & Africa are reviewed in the region.
In Saudi Arabia, the obesity rate is alarmingly high. As per the World Bank, more than half of the adult population is overweight. The growing prevalence of obesity creates a risk of other non-communicable diseases. This further creates demand for nutrient-rich over high-sugar food products. As per estimates, the burden of non-communicable diseases is anticipated to surge significantly by 2050. Hence, these factors are expected to open new avenues for the vitamin D market.
Similarly, obesity rates have soared immensely in Turkey, which has increased the demand for lifestyle changes. The health conditions associated with obesity have fueled the demand for vitamin supplements. In this regard, the growing disposable income and awareness about vitamin D benefits on overall health are predicted to accelerate the growth of the Turkish market over the forecast period.
COMPETITIVE OUTLOOK
Some of the players in the vitamin D market include Vitablen, LycoRed Ltd, Adisseo, Zhejiang Garden Biochemical High-Tech Co Ltd, and BASF SE.
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