#Dietary Supplements Market in Saudi Arabia

[expertmarketresearchreport]

Saudi Arabia Dietary Supplements Market Size, Share, Price, Trends, Growth, Analysis, Report and Forecast 2024-2032

The Saudi Arabia dietary supplements market size was valued at USD 289.8 million in 2023, driven by increasing prevalence lifestyle disorders due to urbanisation and sedentary lifestyle across the globe. The market size is anticipated to grow at a CAGR of 9.6% during the forecast period of 2024-2032 to achieve a value of USD 658.9  million by 2032. Saudi Arabia Dietary Supplements Market: Competitor Landscape

 Bayer Saudi Arabia, LLC • Procter & Gamble Company (Abudawood Group) • Abbott Saudi Arabia Trading LLC • Pfizer Saudi Limited • Nestlé S.A. (Al Muhaidib Group) • Applied Nutrition Ltd. (AmCan International Group, Inc) Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/saudi-arabia-dietary-supplements-market

[blueweave8]

Saudi Arabia Food Fibers Market Analysis, Share, Forecast 2023-2030

 BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Food Fibers Market size at USD 89 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Food Fibers Market size is to grow at a CAGR of 7.10% reaching a value of USD 133.53 million by 2030. The growth of Saudi Arabia Food Fibers Market is primarily driven by several key factors, including growing awareness about the health benefits associated with a high-fiber diet, a growing focus on preventive healthcare, and a rising incidence of lifestyle-related diseases, such as obesity and diabetes. The Saudi Government’s initiatives promoting healthier eating habits and increasing consumer demand for functional foods have also spurred the growth of market. Rising disposable incomes have led to greater consumer spending on fiber-rich products. Innovations and incorporation of fibers into various products by food product manufacturers to meet the evolving dietary preferences of consumers are projected to further fuel the expansion of Saudi Arabia Food Fibers Market in the coming years.

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Growing Consumption of Prebiotic Dietary Supplements

The consumption of probiotics and probiotic dietary supplements are gaining significant traction among the growing health conscious population. Probiotics are a mix of living, healthy bacteria and/or yeast that exist naturally in the human body. There are different forms of probiotics. They contain certain yeasts like Saccharomyces boulardii), bifidobacteria including Bifidobacterium bifidus, and lactobacilli, such as Lactobacillus acidophilus and Lactobacillus GG. Probiotics dietary supplements are also broadly used as food additives and supplements, mostly to support a healthy digestive system. People suffecring from irritable bowel syndrome (IBS), diarrhea, colitis particularly ulcerative colitis, and pouchitis (a consequence of surgery for ulcerative colitis), acne, and eczema gain some benefits by consuming certain probiotics. Hence, increasing consumption of probiotics is expected to drive Saudi Arabia Food Fibers Market.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Food Fibers Market

Escalating geopolitical tensions could impact Saudi Arabia Food Fibers Market by increasing uncertainties in supply chains, especially for raw materials and food products. Potential trade restrictions add to production expenses, potentially affecting the operating margins. Additionally, heightened security concerns may lead to fluctuating demand for food fibers in Saudi Arabia. Volatile geopolitical factors drive market volatilities.

Bakery & Confectionery Is Leading Application Segment

The bakery and confectionery segment holds the largest market share of Saudi Arabia Food Fibers Market by application. The segment encompasses a wide range of products, such as bread, pastries, cookies, and sweets, which are staples in the Saudi Arabian diet. Bakery and confectionery items are popular and widely consumed across all demographics, making the segment a dominant player in Saudi Arabia Food Fibers Market by application. The demand for fiber-enriched bakery and confectionery products aligns with the growing consumer interest in healthier food choices, further contributing to the prominence of the segment in the market, with sustained growth and innovations in product offerings. The other major application segments in Saudi Arabia Food Fibers Market include dairy; meat, poultry, and seafood; beverages; and ready to eat products.

Competitive Landscape

Saudi Arabia Food Fibers Market is fiercely competitive. Major companies in the market include Cargill, DuPont, Ingredion, Kerry Group, Roquette, Tate & Lyle, Fiberstar, SunOpta, Grain Processing Corporation, and Cosucra. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Saudi Arabia Food Fibers Market.

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[global-research-report]

Thiamine Market Dynamics: Key Drivers and Regional Growth Analysis

The global thiamine market size is expected to reach USD 549.9 million by 2030, as per the new report by Grand View Research, Inc. It is expected to expand at a CAGR of 13.9% from 2022 to 2030. The market is majorly driven by the increasing usage of the product in energy metabolism and the development and growth of functional cells. The future growth of the product is dependent on the awareness among people regarding the deficiency of thiamine in the human body. This has resulted in causing problems for the manufacturers to capture the market and the customers. This deficiency in the human body causes short-term memory loss, weight loss, and other mental signs.

Thiamine is also known as Vitamin B1. It is a colorless compound that is soluble in water and insoluble in alcohol. It plays a crucial role in intracellular glucose metabolism and in converting carbohydrates and fats into energy. It is also important in maintaining normal growth and development. In addition, it helps to maintain the proper functioning of the digestive system, the heart, and the nervous system. The global pandemic disrupted every industry due to the increasing demand-supply gap, decreasing production, and supply chain disruption. The automobile, industrial, steel, and tourism industries were the majorly hit industries. On the other hand, the pharmaceutical industry saw a great boom in the market. The impact of COVID-19 on the product market was positive due to its usability in the pharmaceutical industry. It was being viewed as adjunctive therapy for many critically ill patients of COVID-19. Though this requires additional study, it positively impacted the thiamine demand globally.

Thiamine Market Report Highlights

The pharmaceuticals application segment is expected to register the fastest growth rate of 14.3% from 2022 to 2030 in terms of revenue due to its rising usability as an immunity booster and natural growth and development promoter in humans as well as animals

Thiamine is found abundantly in cereal grains and some other seeds. In some countries, wheat flour and white rice are fortified with synthetic thiamine. In animal meat, pork is one of the biggest sources of the product

The product is available in many dietary supplements. Multimineral and multivitamin supplements with thiamine and B-complex vitamins are also available. The most commonly used forms in supplements are thiamine hydrochloride and mononitrate

North America is expected to expand at the fastest growth rate of 14.3% from 2022 to 2030 in terms of revenue. This high rate is due to the increasing use of the product in the food and beverages and pharmaceutical industries in the region

The global market has few players who operate in the market to create their position and capture market as well as customer base. There is a wide scope for new players to enter

Thiamine Market Segmentation

Grand View Research has segmented the global thiamine market on the basis of application and region:

Thiamine Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

Food and Beverages

Flavors

Others

Animal Feed

Pharmaceuticals

Dietary Supplements

Others

Thiamine Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

India

Japan

South Korea

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

South Africa

Order a free sample PDF of the Thiamine Market Intelligence Study, published by Grand View Research.

[marketsndata]

Saudi Arabia Nutraceuticals Market Analysis 2030

The Saudi Arabia Nutraceuticals Market is anticipated to grow at a CAGR of 7.27% between 2023 and 2030. The market was estimated to be worth USD 2.01 billion in 2022 and is expected to reach USD 3.52 billion by 2030. Since Saudi Arabia has one of the greatest economies in the Middle East and a sizable population, many pharmaceutical and processed food firms choose to sell their products there. Additionally, the market will prosper in the coming years due to the growing acceptance of nutraceutical supplements in food products and drinks as well as supplementation.

Lifestyle-based diseases have proliferated in the nation as a result of the increased consumption of sugary and fatty food items and the adoption of a comfortable lifestyle. These illnesses include those that have been some of the main causes of mortality in the nation, such as cholesterol, diabetes, blood pressure, cardiovascular disorders, etc. The market for dietary supplements is expected to expand as a result of consumers’ increased need for items that can help them maintain their general health and fend against sickness. Saudi Arabia’s growing awareness of lifestyle disorders will likely fuel this expansion. To be accepted by the market, dietary supplement producers must adhere to the regulatory standards established by the SFDA.

The growing awareness of the importance of good health and nutrition is driving the demand for functional foods and beverages in Saudi Arabia. These products are designed to provide health benefits beyond basic nutrition, such as improved gut health, immune function, and cognitive performance.

Baby Boomers Desiring to Enjoy Their Retirement

Saudi Arabia is undergoing a demographic transition as the proportion of people aged 60 years and older is predicted to rise from 2 million (or 5.9% of the total population) to 10.5 million (or 23.7%) between 2020 and 2050. The majority of consumers of nutraceuticals in the country are Baby Boomers. This group of people is motivated to maintain a healthy lifestyle throughout retirement and has the disposable income to buy nutraceuticals, which are two factors that are driving a rise in demand for them. Older people actively seek ways to improve their quality of life, maintain their vitality, and prevent age-related health conditions. Nutraceuticals, which include functional foods, dietary supplements, and herbal products, offer potential health benefits and have gained popularity among the aging population. They can be easily incorporated into daily routines and are often positioned as a way to proactively manage health and prevent potential health issues. Baby boomers may perceive nutraceuticals as a proactive measure to support their overall health and well-being.

Increasing Popularity of Probiotic Supplements

People of all ages are consuming probiotics, which are a key component of the burgeoning dietary supplement market. However, the biggest consumption is seen among millennials as a result of their increased awareness of health and wellness owing to multi-channel advertising, which greatly affects their consumption habits. In Saudi Arabia, the largest condition-specific category for mass-market retail sales is probiotic supplements. Consumer awareness of probiotics and their potential advantages is growing, which has sparked the development of cutting-edge probiotic products in a range of delivery methods, from gummies to functional foods. Riyadh and Jeddah are two regional nations that are most likely to adopt the trend earlier than other nations. The market for nutritional supplements in the kingdom is expanding, as seen by the enormous expansion of probiotics in the region’s major economies.

Government Regulations

The Saudi Food and Drug Authority (SFDA) is the regulatory body responsible for overseeing food and drug-related regulations in Saudi Arabia, including nutraceuticals. Nutraceutical products intended for sale in Saudi Arabia must go through a registration process with the SFDA. The registration process typically involves submitting documentation, including product composition, labelling information, safety data, and evidence of efficacy. Claims made on product labels and marketing materials must be accurate, supported by scientific evidence, and compliant with SFDA regulations. Nutraceutical manufacturers must adhere to Good Manufacturing Practices to ensure the quality, safety, and efficacy of their products. The SFDA may conduct inspections to verify compliance. The labels should include important information such as product name, ingredients, nutritional information, dosage instructions, and any required warnings or precautions. In Saudi Arabia, the majority of the population follows Islamic principles, and therefore, there is a strong emphasis on halal compliance. Nutraceutical products should adhere to halal standards and obtain halal certification from recognized authorities.

Increased Healthcare Costs

The Saudi Arabia market for nutritional supplements is probably going to be significantly impacted by the country’s escalating healthcare costs. People may turn to dietary supplements to prevent or treat illnesses as healthcare prices grow, which could result in a spike in demand for dietary supplements. The rising incidence of chronic diseases like diabetes, heart disease, and obesity is one of the major factors influencing healthcare expenses in Saudi Arabia. Altering one’s way of living and taking dietary supplements can help control these illnesses and potentially reduce the need for costly medical procedures. Additionally, consumers who cannot afford pricey medical procedures or who want a more natural method of maintaining their health may view nutraceuticals as a more cost-effective solution.

Mistrust in Conventional Medicine

Mistrust in conventional medicine may stem from concerns about side effects, perceived over-reliance on pharmaceuticals, or a desire for more natural and holistic approaches to health. Nutraceuticals, being derived from natural sources and often positioned as complementary or alternative therapies, can appeal to individuals seeking a more holistic and gentler approach to wellness. Mistrust in conventional medicine can lead individuals to take a more active role in their own healthcare decisions. Nutraceuticals, often available over the counter, can be seen as a means of taking control of one’s health and engaging in self-care. This sense of empowerment resonates with individuals who prefer a more personalized approach to their well-being.

Impact of COVID-19

The COVID-19 pandemic has had several impacts on the nutraceuticals market in Saudi Arabia, both positive and negative. The COVID-19 pandemic has raised awareness about the importance of health and immunity. As individuals seek ways to support their immune system, there has been an increased demand for nutraceutical products that offer immune-boosting properties. Products containing vitamins, minerals, antioxidants, and herbal extracts believed to support immune health have seen a surge in popularity. With lockdowns, social distancing measures, and limited access to physical stores, there has been a significant shift towards online shopping. Nutraceutical companies that have a strong online presence and efficient delivery systems have been able to capitalize on this trend and reach consumers effectively. The economic impact of the pandemic has influenced consumer purchasing power and spending habits. Uncertainty and financial constraints have led some individuals to prioritize essential purchases over discretionary spending, including nutraceutical products. This impact on disposable income affected the sales and growth of the nutraceuticals market.

Saudi Arabia Nutraceuticals Market: Report Scope

“Saudi Arabia Nutraceuticals Market Assessment, Opportunities, and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the current state of affairs of the nutraceuticals market in Saudi Arabia, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19, opportunities, and forecasts (2023-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/saudi-arabia-nutraceuticals-market

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[industrynewsupdates]

Empty Capsules Market: Key Trends and Innovations Driving Industry Growth

The global empty capsules market size is expected to reach USD 4.97 billion by 2030, registering a CAGR of 3.8%, according to a new report by Grand View Research, Inc. Key factors responsible for the growth are the increase in the geriatric population, the proliferation of pharmaceutical, nutraceutical, and cosmeceutical industries, globally, and the upsurge in the consumer preferences for capsules over tablets. 

The rising geriatric population count and the associated chronic conditions are expected to heighten the demand for the production of capsule-centric medications in the pharmaceutical and nutraceutical application areas. Moreover, the benefits associated with capsule consumption, such as ease of swallowing, faster absorption rates, and increased palatability are also expected to contribute significantly to the expansion of the market over the forecast period. 

The mushrooming of the pharmaceutical, nutraceutical, and cosmeceutical industries is expected to serve as a high impact rendering driver for the empty capsules market over the forecast period. 

The nutraceuticals aid in the prevention of certain chronic conditions and hence the consumption of these products has significantly increased over the past few years. For instance, nutraceuticals, such as omega-3 fatty acids, help in the prevention of cardiovascular conditions, and the heightened accessibility to these low-cost vitamin supplements has reduced the incidences of vitamin deficiencies. 

In 2015, the gelatin capsules segment accounted for the highest revenue of nearly USD 1,172.3 million. This high revenue share is attributed to the following factors: sufficient availability of gelatin for the production process and the cost-effectiveness of gelatin capsules as compared to non-gelatin capsules, such as Hydroxypropyl methylcellulose (HPMC) capsules and pullulan or starch material capsules. 

Gather more insights about the market drivers, restrains and growth of the Empty Capsules Market

Empty Capsules Market Report Highlights

• Gelatin dominated the market and accounted for a revenue share of 73.5% in 2023. The gelatin-based empty capsule products include pig meat gelatin, bovine-derived gelatin, bone meal gelatin, and others.

• The antibiotic and antibacterial drugs segment dominated the market and accounted for the largest revenue share in 2023. Some commonly used antibacterial drugs are penicillin, tetracycline, sulfonamide, nitrofurantoin, and others.

• The pharmaceutical segment accounted for a revenue share of in 2023. Empty capsules are widely used in the pharmaceutical industry to treat infectious and chronic diseases.

Empty Capsules Market Segmentation

Grand View Research has segmented the global empty capsules market report based on product, therapeutic application, end use, and region:

Empty Capsules Product Outlook (Revenue, USD Million, 2018 - 2030)

• Gelatin

o Pig Meat Gelatin

o Bovine Derived

o Bone Meal

o Other Gelatin Capsule Products

• Non-Gelatin

Empty Capsules Therapeutic Application Outlook (Revenue, USD Million, 2018 - 2030)

• Antibiotic & Antibacterial Drugs

• Vitamins & Dietary Supplements

• Antacid & Antiflatulent Preparations

• Antianemic Preparations (Hematenic Preparations)

• Anti-Inflammatory Drugs

• Cardiovascular Therapy Drugs

• Cough & Cold Preparations

• Other therapeutic applications

Empty Capsules End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Pharmaceutical

• Nutraceutical

• Cosmeceutical

• Research Laboratories

Empty Capsules Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o UK

o France

o Italy

o Spain

o Denmark

o Sweden

o Norway

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

o Thailand

• Latin America

o Brazil

o Argentina

• Middle East and Africa (MEA)

o South Africa

o UAE

o Saudi Arabia

o Kuwait

Order a free sample PDF of the Empty Capsules Market Intelligence Study, published by Grand View Research.

[harshnews]

Glucosinolates Market Size, Share, Trends, Opportunities, Key Drivers and Growth Prospectus

"Global Glucosinolates Market – Industry Trends and Forecast to 2029

Global Glucosinolates Market, By Extract (Broccoli, Mustard Seed, Brussel Sprouts, Cabbage, Others), Application (Functional Food, Dietary Supplement, Cosmetic, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.

Access Full 350 Pages PDF Report @

**Segments**

- **Type**: Glucosinolates can be segmented into aliphatic glucosinolates, indole glucosinolates, and aromatic glucosinolates based on their chemical structure. Each type offers unique qualities and benefits in different applications, impacting their demand in the market.

- **Application**: The market can also be segmented by application into food & beverages, pharmaceuticals, agriculture, and others. Glucosinolates have diverse uses in these industries, such as in food preservation, cancer treatment, pest control, and more, driving their market growth.

- **Distribution Channel**: The distribution channel segment includes direct sales and indirect sales through wholesalers, retailers, and online platforms. The efficiency and reach of these channels can significantly influence the accessibility of glucosinolates to end-users, impacting market size and penetration.

**Market Players**

- **Key Companies**: Leading market players in the glucosinolates market include Nutra Canada, Hepalink, Wincobel, Foodchem International Corporation, Sigma-Aldrich Co. LLC, and others. These companies play a crucial role in shaping the market landscape through product development, strategic partnerships, and market expansion initiatives.

- **Research and Development**: Companies investing in research and development, such as Novozymes, are focusing on enhancing the production efficiency and versatility of glucosinolates to meet evolving market demands. Innovation in this field is vital for staying competitive and meeting regulatory standards.

- **Market Strategies**: Players like Naturex (Givaudan), DSM, and Cargill are adopting market strategies like mergers, acquisitions, and product launches to strengthen their market position and cater to a broader customer base. These strategic moves reflect the dynamic nature of the glucosinolates market and the importance of adapting to changing consumer preferences.

- **Global Reach**: Companies like Tianjin Shilang Technology, Xi'an Hao-Xuan Bio-Tech, and Alfa ChemistryThe glucosinolates market is witnessing significant growth and evolution due to the versatile applications and unique benefits offered by these compounds. Glucosinolates can be segmented based on their chemical structure into aliphatic glucosinolates, indole glucosinolates, and aromatic glucosinolates. Each type provides distinct properties that cater to various industries such as food & beverages, pharmaceuticals, agriculture, and others. The demand for glucosinolates in these segments is driven by factors such as food preservation, cancer treatment, pest control, and more. This diversification of applications contributes to the expanding market landscape of glucosinolates.

In terms of distribution channels, the market is segmented into direct sales and indirect sales through wholesalers, retailers, and online platforms. The efficiency and reach of these channels play a crucial role in determining the accessibility of glucosinolates to end-users. Direct sales may offer better control over the product quality and customer relationships, while indirect sales channels can provide a wider market reach. The choice of distribution channel can impact the market size and penetration of glucosinolates in different regions.

Key market players in the glucosinolates industry, such as Nutra Canada, Hepalink, Wincobel, and others, are actively involved in shaping the market dynamics through strategic initiatives. Research and development activities are a prime focus for companies like Novozymes, aiming to enhance production efficiency and versatility of glucosinolates to meet evolving market demands. Innovation in this field is crucial for staying competitive and complying with regulatory standards, ensuring product quality and safety.

Market strategies adopted by players like Naturex (Givaudan), DSM, and Cargill include mergers, acquisitions, and product launches to strengthen their market position and cater to a broader customer base. These strategies reflect the dynamic nature of the glucosinolates market, where companies need to adapt to changing consumer preferences and market trends. Companies**Global Glucosinolates Market Analysis:**

- **Segments:** The market for glucosinolates is segmented based on extract type, including broccoli, mustard seed, Brussels sprouts, cabbage, and others. Each extract type offers unique qualities and applications, catering to various industries such as functional food, dietary supplements, cosmetics, and others. This segmentation provides a comprehensive view of the diverse uses and market demand for glucosinolates across different sectors.

- **Regional Analysis:** The global glucosinolates market is segmented by country, covering regions such as the U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, and the rest of Europe. Additionally, regions like Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, the Philippines, and the rest of Asia-Pacific are included. In South America, countries like Brazil, Argentina, and the rest of the region are analyzed. The Middle East and Africa segment covers countries like the U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and the rest of the region. This regional analysis offers insights into the market dynamics, trends, and growth opportunities specific to each geographical location.

- **Industry Trends:** The glucosinolates market is witnessing significant growth and innovation driven by evolving consumer preferences and industry demands. Market players

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Glucosinolates Market

Chapter 3: Regional analysis of the Global Glucosinolates Market industry

Chapter 4: Glucosinolates Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Key takeaways from the Glucosinolates Market report:

Detailed considerate of Glucosinolates Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the Glucosinolates Market-leading players.

Glucosinolates Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Glucosinolates Market for forthcoming years.

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[ashwetu]

Nutraceutical Products Market Expected to Reach $691.87 Billion by 2030, Growing at a 7.8% CAGR

The Nutraceutical Products Market is projected to reach $691.87 billion by 2030, registering a robust CAGR of 7.8% from 2023 to 2030, according to a new report by Meticulous Research®.

The rising demand for nutraceuticals is driven by the aging population, the increasing prevalence of chronic diseases, and growing awareness about the role of nutrition in disease prevention and healthy living.

Aging Population and Rising Chronic Disease Prevalence: Key Market Drivers

Aging is associated with a gradual decline in the body’s structural and functional capabilities, making older adults more vulnerable to various chronic diseases. According to the United Nations, the global population aged 65 and above is expected to grow significantly, from one in 11 people in 2019 to one in six by 2050. In regions like Europe and North America, this figure could rise to one in four. Additionally, the number of people aged 80 and above is forecasted to triple, from 143 million in 2019 to 426 million by 2050. As the elderly population grows, so too does the need for nutraceuticals that support healthy aging and the prevention of age-related diseases.

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The increasing prevalence of chronic diseases such as cardiovascular diseases, cancer, diabetes, and neurodegenerative disorders is further fueling demand. World Health Organization (WHO) data shows that noncommunicable diseases (NCDs) are responsible for 74% of all deaths globally, with 41 million deaths occurring annually due to chronic conditions. Cardiovascular diseases account for 17.9 million deaths, cancers for 9.3 million, and diabetes for 2.0 million deaths each year. If not addressed through timely interventions, the annual death toll from NCDs is projected to rise to 55 million by 2030.

Nutritional interventions, including functional foods and beverages, offer a promising solution to the rising burden of chronic diseases. With the global focus shifting toward prevention rather than treatment, nutraceutical products are becoming an integral part of personalized nutrition strategies tailored to individual health needs and dietary preferences.

Expanding Market Scope: Product Categories and Regional Insights

The nutraceutical products market spans several key categories, providing a broad spectrum of solutions that cater to diverse health needs:

By Type:

Functional Food (including dairy, bakery products, snacks, confectionery, and infant foods)

Functional Beverages (energy drinks, sports drinks, fortified juices, and dairy-based beverages)

Dietary Supplements (tablets, capsules, powders, liquids)

By Source:

Vitamins, Probiotics, Minerals, Proteins and Amino Acids, Omega-3 Fatty Acids, Prebiotics, Phytochemicals, and Plant Extracts

By Distribution Channel:

Supermarkets & Hypermarkets, Convenience Stores, Pharmacies, Specialty Stores, and E-commerce platforms

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Regionally, the market is segmented across key geographies:

North America: Led by the U.S. and Canada

Europe: Including the U.K., Germany, France, Spain, and Italy

Asia-Pacific: Dominated by China, India, Japan, and Australia

Latin America: With a strong presence in Brazil and Mexico

Middle East & Africa: Featuring growth in emerging markets like the UAE and Saudi Arabia

The Role of Functional Foods and Beverages in Disease Prevention

Nutrition is increasingly recognized as a crucial factor in preventing chronic diseases, with nutraceuticals playing a pivotal role. Functional foods and beverages, which provide essential nutrients while offering specific health benefits, are gaining popularity among health-conscious consumers. From boosting immunity to supporting heart health and managing weight, these products are proving to be valuable tools in disease prevention.

Consumers are particularly drawn to nutraceuticals that offer low-fat, cholesterol-free, and high-protein content, alongside specialized formulations designed to address conditions like hypertension, diabetes, and obesity. As the demand for healthier options grows, the functional foods and beverages market is expected to witness substantial expansion in the coming years.

Future Prospects: Nutraceuticals in Personalized Nutrition

The increasing incidence of chronic diseases has also led to a surge in interest in personalized nutrition. Tailoring dietary recommendations to an individual's unique health profile, nutraceutical products provide targeted solutions that address specific health concerns, from managing blood sugar levels to improving joint health.

As the global health landscape continues to evolve, nutraceuticals are expected to play an even greater role in promoting health and wellness, particularly in aging populations. With the market poised for significant growth, industry players are focusing on innovation and product development to meet the diverse and growing needs of consumers.

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Conclusion

With the rising prevalence of chronic diseases, growing elderly population, and increasing demand for functional foods and dietary supplements, the global nutraceutical products market is on a trajectory for substantial growth. By 2030, the market is expected to reach $691.87 billion, offering significant opportunities for businesses operating in the health and wellness sector.

For more in-depth insights and a comprehensive analysis of the nutraceutical products market, download the full report from Meticulous Research® at this link.

About Meticulous Research®

Meticulous Research® provides actionable insights, data-driven market intelligence, and strategic recommendations to help businesses navigate today’s complex market landscapes. We offer expert analysis across a wide range of industries, ensuring our clients stay ahead of the curve in a rapidly changing world.

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[vigrxpricesaudiarabia]

Enhance Strength with VigRX for Men Saudi Arabia

In today’s fast-paced world, many men are searching for ways to enhance their physical strength and overall vitality. If you’re among them, you may have heard about the powerful benefits of VigRX for Men Saudi Arabia. This supplement is gaining popularity as a natural solution for men looking to boost their strength, stamina, and performance. Let's explore how VigRX for Men Saudi Arabia can help you achieve your fitness goals and enhance your overall well-being.

What is VigRX for Men Saudi Arabia?

VigRX for Men Saudi Arabia is a dietary supplement specifically formulated to support male health. It combines a unique blend of natural ingredients that have been clinically tested for their effectiveness. Unlike synthetic supplements that often come with a range of side effects, VigRX focuses on using the power of nature to help men improve their physical strength and endurance.

Why Choose VigRX for Men Saudi Arabia?

When considering supplements to enhance strength, it’s important to select one that is both effective and safe. VigRX for Men Saudi Arabia stands out for several reasons:

Natural Ingredients: The formulation includes potent natural herbs like Ginseng, Damiana, and Epimedium, all known for their ability to enhance physical performance and vitality.

Clinically Proven: The ingredients in VigRX have undergone clinical testing, which means they have been shown to produce positive results without harmful side effects.

Boosts Energy Levels: Many users report increased energy levels and enhanced endurance, which can be beneficial not only in the gym but also in daily activities.

The Connection Between VigRX and Strength

Strength training requires not just physical exertion but also the right nutrients to support muscle growth and recovery. VigRX for Men Saudi Arabia helps provide the necessary support through its unique blend of ingredients. Here’s how it works:

Improved Blood Circulation: Ingredients like Ginkgo Biloba promote better blood flow, which is essential for delivering nutrients to muscles during workouts. Enhanced circulation leads to better performance and faster recovery.

Hormonal Balance: VigRX helps in balancing testosterone levels, which play a vital role in muscle development and strength. Increased testosterone can lead to better results in strength training.

Taking Advantage of the VigRX Plus Offer Saudi Arabia

For those looking to get the most out of their experience, the VigRX Plus offer Saudi Arabia is an excellent opportunity. This offer often includes discounts and special packages that make it easier for men to access this powerful supplement.

By taking advantage of the VigRX Plus offer Saudi Arabia, you can not only save money but also commit to a regular supplementation routine, maximizing your potential for strength enhancement. Regular use, combined with a proper diet and exercise, can lead to significant improvements in your physical capabilities.

How to Purchase VigRX for Men Saudi Arabia Safely

When looking to buy VigRX for Men Saudi Arabia, it’s essential to purchase from authorized retailers. The VigRX Plus official store ensures you are getting the genuine product. This is particularly important as the market for male enhancement supplements is flooded with counterfeit products that may not only be ineffective but could also pose health risks.

Shopping from the VigRX Plus official store provides several benefits:

Authenticity Guarantee: You can be sure you’re getting the real product.

Special Offers: Often, the official site provides exclusive discounts and packages.

Customer Support: A reliable customer service team is available to answer any questions you may have.

Utilizing Technology: BigRX AI

In the age of technology, tools like Bigrx AI are transforming how we approach health and wellness. This innovative platform helps users tailor their supplement regimen based on personal needs and health goals. By integrating Bigrx AI into your wellness routine, you can receive personalized recommendations on how to maximize the benefits of VigRX for Men Saudi Arabia.

Finding VigRX Near Me in Saudi Arabia

If you prefer to purchase in person, you may be wondering, "Where can I find VigRX near me in Saudi Arabia?" Fortunately, VigRX is available at select pharmacies and health stores throughout the country.

When searching for VigRX near me, always check that the store is authorized to sell the product. This will ensure you’re receiving a genuine supplement that can help enhance your strength safely. If you're having trouble finding it locally, consider checking the VigRX Plus official website for online purchasing options.

Complementing Your Strength Training with VigRX

Using VigRX for Men Saudi Arabia can significantly enhance your strength training regimen. However, it's important to combine the supplement with a balanced diet and a consistent workout routine for optimal results. Here are some tips for maximizing your strength gains:

Eat a Balanced Diet: Ensure you’re consuming enough protein, healthy fats, and carbohydrates to fuel your workouts.

Stay Hydrated: Water plays a crucial role in performance and recovery. Make sure you're drinking enough fluids throughout the day.

Prioritize Rest and Recovery: Your muscles need time to recover after intense workouts. Make sure to include rest days in your routine.

Monitor Your Progress: Keeping track of your workouts and progress will help you stay motivated and identify areas for improvement.

Enhance Your Strength Today with VigRX for Men Saudi Arabia

If you’re ready to take your strength and overall performance to the next level, consider adding VigRX for Men Saudi Arabia to your routine. With its natural formulation, proven benefits, and exclusive offers, VigRX is an excellent choice for men looking to enhance their physical capabilities.

Don’t miss out on the VigRX Plus offer Saudi Arabia, and make sure to purchase from the VigRX Plus official store for the best experience. With the added benefits of Bigrx AI, you can personalize your approach to strength enhancement.

Whether you're searching for VigRX near me or looking to buy online, you’re making a smart choice for your health. Start your journey to enhanced strength today!

Thank you for considering VigRX for your strength enhancement needs.

[global-research-report]

Glutamic Acid Market Analysis: Drivers, Challenges, and Future Prospects

The global glutamic acid market size is expected to reach USD 20.46 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 8.6% from 2025 to 2030. Glutamic acid is widely used in dietary supplements owing to its ability to build protein building blocks and help to detoxify the body. The market is projected to witness significant growth over the forecast period owing to the increasing global demand for animal feed, coupled with the surging use of food additives and food enhancers in the industry.

The prices of glutamic acid vary as per grade. Strong demand for the product in the animal feed and food and beverage industries has increased the price of glutamic acid. Moreover, disturbance caused by the COVID-19 pandemic in the raw material supply chain is another factor behind the increasing prices of glutamic acid. In the year 2019, Evonik Industries AG has increased the prices of its glutamic acid products at the global level by 15% due to the escalating cost of required raw materials.

Manufacturers compete based on distribution channels and strive to expand their market reach to increase their market share and bolster the annual revenue. The companies also compete on the basis of profit margins due to their high dependence on the distribution network for sales, thus leading to high entry barriers for the market. Glutamic acid manufacturers focus on improving their products and enhancing their manufacturing capabilities to distinguish their products from the products of other manufacturers in the industry and enhance their market share.

In 2020, Asia Pacific accounted for the largest revenue share of over 50.0%. The market growth is credited to the increasing purchasing power of the consumers, the growing adoption of a healthy lifestyle, and the expansion of the end-use industries, such as animal feed, pharmaceutical, cosmetics and personal care, and food and beverage. The demand for animal feed in countries such as India and China is projected to grow due to the presence of an abundant livestock population.

Glutamic Acid Market Report Highlights

The food & beverages segment accounted for the largest share of 57.7% in the global glutamic acid market in 2024 due to the extensive use of glutamic acid as a flavor enhancer, particularly in the form of monosodium glutamate (MSG).

The pharmaceuticals segment is expected to grow at a CAGR of 9.1% from 2025 to 2030. This robust growth can be attributed to the increasing use of glutamic acid in drug formulations, which is an essential component in various medications.

Asia Pacific dominated the global glutamic acid market with a revenue share of 57.1% in 2024 due to the extensive use of glutamic acid in the food and beverage industry, particularly in countries like China and Japan, where MSG is a staple ingredient.

Glutamic Acid Market Segmentation

Grand View Research has segmented the global glutamic acid market on the basis of application, source, product, and region:

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Food & Beverage

Pharmaceuticals

Animal Feed

Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

UK

Germany

France

Asia Pacific

Japan

China

India

Latin America

Brazil

Argentina

Middle East and Africa (MEA)

Saudi Arabia

South Africa

Order a free sample PDF of the Glutamic Acid Market Intelligence Study, published by Grand View Research.

[giresearch]

Herbal Extract Powder Market Size, volume, Revenue, Trends Analysis Report 2024-2030

"Herbal Extract Powder" 2024 Breakdown, Data Source, Secondary Sources, Primary Sources, Research Report delivers leading competitors strategic analysis, with micro and macro-economic factors, market trends, future growth scenarios, with pricing analysis. This report provides a holistic overview on Market Current Situations, Key Collaborations, Merger & Acquisitions along with Trending Innovations and New Business Development Policies. A detailed professional report focusing on primary and secondary growth drivers, regional segments, growth share, and geographical analysis of top key players. Herbal Extract Powder trend analysis with historical data, estimates to 2024 and Compound Annual Growth Rate (CAGR) forecast to 2030.

Top Key Players Covered in Market Report 2024-2030:Indena、Euromed、Martin Bauer、Naturex、Bio-Botanica、Maypro、Kalsec、Nokete、Synthite Industries Ltd.、Jiaherb、Layn、Naturalin、Organic Herb

Short Description of the Herbal Extract Powder 2024-2030: Market Overview of Global Herbal Extract Powder: According to our latest research, the global Herbal Extract Powder looks promising in the next 6 years. As of 2024, the global Herbal Extract Powder was estimated at USD Million, and it’s anticipated to reach USD Million in 2030, with a CAGR during the forecast years. This report covers a research time span from 2019 to 2029, and presents a deep and comprehensive analysis of the global Herbal Extract Powder, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region. Global and Regional Analysis:     North America (United States, Canada and Mexico)     Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)     Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)     South America (Brazil, Argentina, Colombia, and Rest of South America)     Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

Market Segmentation Herbal Extract Powder report provides an exhaustive 360-degree analysis, by utilizing both primary and secondary research techniques. The research gained comprehensive insights into current market dynamics, pricing trends, developments, supply-demand and evolving consumer behaviors.

On the basis of product type, this report displays the production, revenue, price, market     Garlic     Basil     Soy     Marigold     Aloe Vera     Licorice     Reishi     Others

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each     Dietary Supplements     Food and Beverage     Pharmaceutical Industry     Personal Care and Cosmetic     Flavor

Inquire or Share Your Questions If Any before Purchasing This Report https://www.globalinforesearch.com/contact-us Our method for estimating market size is holistic and multifaceted. We assess vital industry trends, regulatory landscapes, and segment-specific dynamics, evaluating their potential influence on demand projections. Key macroeconomic factors, including price fluctuations, demographic shifts, and changes in demand patterns, are integrated into our calculations. To discover market value, we not only delve deep into the profiles of prominent players and their global market shares but also rely on our frequently updated internal database, enriched with insights and announcements from pivotal market stakeholders.

Some of the Key Questions Answered in this Report:

What is the Herbal Extract Powder size at the regional and country level

What are the key drivers, restraints, opportunities, and challenges of the Herbal Extract Powder, and how they are expected to impact the market

What is the global (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa) sales value, production value, consumption value, import and export of Herbal Extract Powder

Who are the global key manufacturers of the Herbal Extract Powder? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)

What are the Herbal Extract Powder opportunities and threats faced by the vendors in the Herbal Extract Powder?

Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

What focused approach and constraints are holding the Herbal Extract Powder?

What are the different sales, marketing, and distribution channels in the global industry?

What are the key market trends impacting the growth of the Herbal Extract Powder?

Economic Impact on the Herbal Extract Powder and development trend of the Herbal Extract Powder

What are the Herbal Extract Powder opportunities, market risk, and market overview of the Herbal Extract Powder

The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Hydrogen Bromide product scope, market overview, market estimation caveats and base year. Chapter 2, to profile the top manufacturers of Hydrogen Bromide, with price, sales, revenue and global market share of Hydrogen Bromide from 2019 to 2024. Chapter 3, the Hydrogen Bromide competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Hydrogen Bromide breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030. Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030. Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Herbal Extract Powder forecast, by regions, type and application, with sales and revenue, from 2025 to 2030. Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis. Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrogen Bromide. Chapter 14 and 15, to describe Hydrogen Bromide sales channel, distributors, customers, research findings and conclusion. Global Info Research is a company that digs deep into global industry information to support enterprises with market strategies and in-depth market development analysis reports. We provides market information consulting services in the global region to support enterprise strategic planning and official information reporting, and focuses on customized research, management consulting, IPO consulting, industry chain research, database and top industry services. At the same time, Global Info Research is also a report publisher, a customer and an interest-based suppliers, and is trusted by more than 30,000 companies around the world. We will always carry out all aspects of our business with excellent expertise and experience.

[industryforecastnews]

CBD Consumer Health Market Size To Reach $61.17Bn By 2030

CBD Consumer Health Market Growth & Trends

The global CBD consumer health market size is anticipated to reach USD 61.17 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 18.1% from 2023 to 2030. The growing adoption of cannabidiol (CBD) as a consumer health product due to increasing awareness about the health benefits of CBD and rise in the number of countries legalizing these products are the key factors driving the growth. Furthermore, the changing buyer perception and attitude toward cannabidiol products is an important factor bolstering the revenue growth.

Based on product type, nutraceuticals dominated the market with a revenue share of 62.4% in 2019. Rising awareness regarding cannabidiol, changing user preferences from chemical-based ingredients to organic ingredients in dietary supplements, and favorable government initiatives for hemp-derived cannabidiol are the key factors driving the growth. The segment is anticipated to witness the fastest CAGR during the forecast period, owing to an increase in the consumption of CBD-based nutraceutical products in health and wellness, sports nutrition, weight management, and other fields.

Based on distribution channels, retail pharmacies dominated the market for cannabidiol consumer health in 2019. An increase in the number of companies selling their products via retail pharmacies is fueling the growth of the segment. However, the online stores segment is anticipated to witness fastest growth over the forecast period. This can be attributed to the increase in penetration of e-commerce, rising demand for CBD-infused products, preference of consumers for buying CBD online, and easy availability of these products in emerging markets.

North America dominated the market in 2019, with a revenue share of 59.8%. The growing awareness about the medical benefits of CBD among consumers has resulted in greater sales of online and retail sales in the region. On the other hand, Europe is expected to be the fastest-growing region, owing to an increase in consumption, rising awareness, positive attitudes regarding CBD products, and strategic investments by major companies in the region.

Request a free sample copy: https://www.grandviewresearch.com/industry-analysis/cannabidiol-consumer-health-market 

CBD Consumer Health Market Report Highlights

Nutraceuticals dominated the market in 2022 with a revenue share of 60%, owing to the changing consumer preferences from chemical-based ingredients to organic and herbal ingredients in dietary supplements

Online stores is anticipated to be the fastest-growing distribution channel segment over the forecast period, owing to the increase in penetration of e-commerce and the rising number of players offering their products online

North America dominated the CBD consumer health market for cannabidiol consumer health products, with a revenue share of around 70% in 2022.

CBD Consumer Health Market Segmentation

Grand View Research has segmented the global CBD consumer health market based on product type, distribution channel, and region:

CBD Consumer Health Product Type Outlook (Revenue, USD Million, 2018 - 2030)

Medical OTC Products

CBD Analgesic Products

CBD Dermatology Products

CBD Mental Health Products

CBD Sleeping Aids Products

Other OTC Products

Nutraceuticals

CBD Vitamins and Dietary Supplements (VDS)

CBD Sports Nutrition

CBD Weight Management and Wellbeing

CBD Consumer Health Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

Online Stores

Retail Stores

Retail Pharmacies

CBD Consumer Health Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

UK

Germany

France

Italy

Spain

Sweden

Norway

Denmark

Asia Pacific

China

Australia

Thailand

Japan

India

South Korea

Latin America

Brazil

Argentina

Mexico

Middle East & Africa (MEA)

Saudi Arabia

South Africa

UAE

Kuwait

List of Key Players in the Cannabidiol (CBD) Consumer Health Market

Elixinol Global Limited

ENDOCA

NuLeaf Naturals LLC

Kazmira

Charlotte's Web

Joy Organics

Lord Jones

Medical Marijuana Inc.

CV Sciences Inc.

Isodiol International Inc.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/cannabidiol-consumer-health-market 

[industrynewsupdates]

Caps And Closures Market Business Growth, Opportunities and Forecast 2024-2030

The global caps and closures market size was estimated at USD 74.64 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.

Growing demand for various food products and alcoholic and non-alcoholic beverages is anticipated to trigger market growth. Caps and closures act as a barrier and prevent packaged contents from getting exposed to ambient air and dust particles and allow easy dispensing. Caps and closures have applications in several other end-use industries, such as healthcare, personal care, home care, and automotive. Rising awareness about the benefits of healthy eating is likely to boost the demand for dietary supplements, which in turn is expected to further drive demand for packaging products.

Gather more insights about the market drivers, restrains and growth of the Caps And Closures Market

Council for Responsible Nutrition (CRN), a leading trade association representing dietary supplement and functional food manufacturers and ingredient suppliers in the U.S. conducted a consumer survey in 2023 on dietary supplements, wherein multivitamins were consumed by 70% of participants, followed by specialty supplements such as omega-3s, melatonin, probiotics, and fiber used by 52 % of participants. In addition, the sports nutrition supplements segment witnessed a 5% increase in consumption compared to previous years. All these factors are anticipated to drive the demand for market growth.

Increasing demand for caps and closures is closely associated with the rise of urbanization in the U.S. Consumers in urban areas prefer packaging solutions that are convenient and suitable for on-the-go consumption of food and beverages. Caps and closures play a vital role in providing this convenience by ensuring easy opening and closing of products, as well as preventing spills. In addition, they create an airtight seal that keeps the products fresh for a longer period by preventing the entry of bacteria. These address the growing concerns about safety and hygiene associated with food and beverage products, as they help prevent spoilage. Hence, expanding food and beverage industries with growing urbanization is expected to boost the demand for caps and closures over the forecast period.

Caps And Closures Market Segmentation

Grand View Research has segmented the global caps and closures market report based on material, product, application, and region:

Material Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Plastic

• Metal

• Others

Product Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Dispensing Caps

• Screw Closures

• Crown Closures

• Aerosol Closures

• Others

Application Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• Beverages

• Food

• Healthcare

• Personal Care

• Home Care

• Industrial

Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o UK

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o India

o Japan

o South Korea

o Australia

o Southeast Asia

• Central & South America

o Argentina

o Brazil

• Middle East & Africa

o South Africa

o Saudi Arabia

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global rigid polyurethane foams market was estimated at a value of USD 20.69 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2030.

• The global purging compound market size was valued at USD 748.5 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2030. 

Key Companies & Market Share Insights

The market is characterized by the presence of multinational as well as regional players and several public-listed companies globally, making the market space highly competitive. Key players mainly cater to the demand from food, beverages, pharmaceutical, and beauty products industries.

Major players operating in the caps and closures industry are undertaking different strategies such as product launches, mergers, joint ventures, acquisitions, and geographical expansion. For instance, in February 2023, Berry Global Inc. introduced a comprehensive packaging solution specifically designed for pharmaceutical and herbal markets, targeting syrup and liquid medicines. This solution includes child-resistant and tamper-evident PET bottles and closures. The product range consists of seven different sizes, ranging from 20ml to one liter, all featuring a 28mm neck. Notably, certain bottles and closures within this range have undergone rigorous testing and certification processes, meeting child-resistant standards set by the EU's ISO8317 and US' 16CFR1700.20 regulations.

Key Caps And Closures Companies:

• Crown

• Amcor plc

• Closure Systems International

• Ball Corporation

• Silgan Holdings Inc.

• Guala Closures S.p.A

• AptarGroup, Inc.

• BERICAP

• Nippon Closures Co., Ltd.

• Sonoco Products Company

• Webpac Ltd

• JELINEK CORK GROUP

• UAB Elmoris

• CL Smith

• PELLICONI & C. SPA

• O. BERK

• UNITED CAPS

Order a free sample PDF of the Caps And Closures Market Intelligence Study, published by Grand View Research.