Egypt Nutraceuticals Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Egypt Nutraceuticals Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Egypt Nutraceuticals market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.

Egypt Nutraceuticals Reports Highlights

What is the size of the Egypt Nutraceuticals Market?

The Egypt Nutraceuticals Market is projected to grow at a CAGR of around 11.11% during the forecast period, i.e., 2023-28. The market is predominantly propelled by the increasing awareness of consumers toward the health benefits of nutraceuticals as well as the food beverages sector, including the nutraceuticals in edible products. Other prominent factors stimulating the demand for nutraceutical products in the country are the strengthening pharmacy and retail sectors, which have led to advancements in product offerings.

What do the growth prospects and trends look like in the Egypt Nutraceuticals Industry?

Although nutraceuticals offer a range of health benefits, it also has proven instance of side effects. According to the U.S. Food and Drug Administration (FDA), rashes, shortness of breath, diarrhea, severe joint or muscle pain, slurred speech, and blood in the urine are the possible side effects that can result from supplement use. Likewise, the National Institutes of Health’s (NIH) Office of Dietary Supplements observed, the supplements, which do not comply with the same federal approval standards as over-the-counter and prescription drugs, despite their widespread use, contain active ingredients that can have notable effects on the body. The considerable side effects, coupled with the higher cost associated with the product, are likely to pose a threat to the nutraceuticals market and may hinder market growth in the coming years.

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What Components are encompassed within Egypt Nutraceuticals Market segmentation?

The report has divided the market into the following segments:

By Product Type

-Dietary Supplements

--Proteins Peptides

--Vitamins Minerals

--Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals)

--Others (Fatty Acids and Fiber)

-Functional Foods

--Probiotics Fortified Food

--Omega Fatty Acid Fortified Food

--Branded Ionized Salt

--Branded Wheat Flour

--Others

-Functional Beverages

--Fruit Vegetable Juices and Drinks

--Dairy Dairy Alternative Drinks

--Non-Carbonated Drinks (Bottled Water, Tea, And Coffee)

--Other (Herbal Tea, Sports Drinks, And Energy Drinks)

By Source

-Plant

-Animal

-Microbial

By Form

-Tablets Capsules

-Gummies Soft Gels

-Powder Liquid

By Sales Channel

-Offline Store-Based

--Supermarkets Hypermarkets

--Specialty Stores

-Online.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-Bayer Middle East FZE

-Vitabiotics Ltd

-Nestlé Egypt S.A.E

-Danone Egypt

-BASF FZE

-Torrent Pharma

-Juhayna Food Industries

-NPMT

-PepsiCo Inc

-Nerhadou International.

About Us-

MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.

Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.

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