Nutraceuticals Market Overview:
The nutraceuticals market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.
Nutraceuticals Market Report offers in-depth insights, revenue details, and other vital information regarding the global nutraceuticals market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.
The Nutraceuticals Market report also offers insightful and detailed information regarding the various key players operating in the global nutraceuticals market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
The global nutraceuticals market report has been segmented on the basis of type and region.
Nutraceuticals are food that provides health benefits to the consumers including disease prevention and disease treatment. Nutraceuticals include functional ingredients such as minerals, vitamins, fatty acids, amino acids, probiotics, etc.
Increasing risks of diseases such as diabetes, blood pressure, obesity, and cholesterol are expected to boost the demand for nutraceuticals.
Global trends are slanting towards personalized nutrition and nutraceuticals are expected to play a major role.
Increasing chronic disease and rising healthcare costs are expected to boost the demand for nutraceuticals over the forecast.
Rising awareness among the people regarding the impact of lifestyle and diet on health is expected to have a positive impact on the demand for nutraceuticals.
Increasing disposable income of the people in developing countries like China, India, and Indonesia is expected to fuel the growth of the global nutraceuticals market over the forecast period.
The dietary supplement market is expected to be the largest product segment of the nutraceuticals market. Dietary supplements ingredients such as minerals, vitamins, omega-3, and carotenoids are used for reducing malnutrition risks in infants and adults.
An increasing number of premature birthrate and a growing number of people with low malnutrition is anticipated to fuel the demand for dietary supplements over the forecast period.
The Asia Pacific is expected to dominate the market and is estimated to witness the highest growth rate.
Rapidly growing demand for nutraceutical products in India, China, and South Korea is expected to boost the demand for the nutraceuticals market in the region.
The largest growing retail sector in the growing economies like China, India, Indonesia, and Malaysia is estimated to fuel the growth of the nutraceuticals market. North America is expected to be the second-largest market for nutraceuticals.
High health care costs in the region are expected to have a positive impact on the nutraceuticals market in the region over the forecast period.
Market segmentation and key players operating in the global market:
Global nutraceuticals market segmentation, by-product:
- Functional food
- Dietary supplement
- Functional beverages
Global nutraceuticals market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Nestle S.A.
- Cargill Incorporated
- General Mills, Inc.
- Archer Daniels Midland Company (ADM)
- Sabinsa Corporation
- BatchMaster Software, Inc.
- Shanghai Freemen
- Jiaherb Inc.
- PLT Health Solutions
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