MENA Nutraceuticals Market- Regional Analysis
Among region, Middle East is estimated to hold a dominant position in the MENA nutraceuticals market over the forecast period owing to the increasing chronic diseases such as cancer, diabetes, etc. Middle East is estimated to hold 65.5% of the market share in 2023. MENA nutraceuticals market is expected to witness significant growth in the near future, owing to increasing prevalence of chronic diseases and rising research and development in the nutraceuticals. For instance, in September 2021, according to IDF (International Diabetes Federation Atlas 10th edition report 2021, 1 in 6 adults (73 million) are living with diabetes. The number of adults with diabetes expected to reach 95 million by 2030 and 136 million by 2045 and 796,000 deaths caused by diabetes in 2021.
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