Report Ocean has released a market research report on the Nutraceuticals industry, covering 150+ countries and analyzing over 1,00000 published and forthcoming reports per year. The report, prepared by subject matter experts, researchers, and market research professionals, utilizes various methodologies and analytical approaches, including S.W.O.T. and P.E.S.T.E.L. analysis and regression analysis, to forecast market growth. It also examines the industry’s regulations and policies and potential future advancements.
The global nutraceuticals market size was US$ 429.5 billion in 2021. The global nutraceuticals market size is forecast to reach US$ 652.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 4% during the forecast period from 2022 to 2030.
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The term “nutraceutical” refers to food or products derived from food that provides additional health benefits or medical benefits apart from the nutritional value of the food. The term “nutraceuticals” combines the words “nutrient” (a nourishing food component) and “pharmaceutical” (a medical drug). These products are essential to modern life. There are many industries that can use nutritional products, such as animal feed additives, pharmaceutical food & beverage additives, and personal care.
Factors Influencing Market Growth
- Fake products, which are available at low levels of quality, may slow down the expansion of the overall market.
- Globally, functional foods and beverages are becoming more popular as a substitute for costly medical treatments, thus driving the global nutraceutical market.
- Cosmeceuticals, a type of personal care product that contains skincare properties and nutraceuticals such as vitamins and antioxidants, are forecast to offer new growth opportunities.
Impact Analysis of COVID-19
The COVID-19 pandemic had a remarkably positive impact on the global nutraceuticals industry. It was due to the increase in demand for healthy nutritional products. A rapid increase in sales of Nutraceuticals products occurred due to the preventive measures taken against the pandemic by increasing the consumption of Vitamin D, Vitamin C, Zinc, sodium, minerals, and healthy and functional food and beverages. In order to remain healthy, there will be greater demand for organic, natural, and herbal products. Following the COVID-19 outbreak, this trend is likely to persist due to the persistent consumer inclination toward health and wellbeing.
Regional Insights
The Asia Pacific region holds the largest market share in 2021 and is forecast to grow at a significant rate during the forecast period. As a result of high disposable incomes, extensive advertising and promotion, and urbanization on a large scale. In the upcoming years, China, India, and Southeast Asian countries are likely to see increased demand for nutraceuticals.
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Leading Competitors
The leading prominent companies profiled in the global nutraceuticals market are:
- Archer Daniels Midland Company
- BASF SE
- Cargill, Incorporated
- Danone
- DuPont de Nemours, Incorporated
- General Mills Incorporated
- Koninklijke DSM N.V.
- Nestle S.A.
- PepsiCo, Incorporated
- Yakult Honsha Co., Limited
- Other Prominent Players
Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Scope of the Report
The global nutraceuticals market segmentation focuses on Type, Form, Sales Channel, and Region.
Segmentation based on Type
- Functional Beverage
- Energy and Sports Drinks
- Functional Juices
- Others
- Functional Food
- Probiotics
- Minerals
- Proteins & Amino Acids
- Prebiotics & Dietary Fibers
- Vitamins
- Others
- Dietary Supplement
- Vitamins
- Botanicals
- Minerals
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Omega Fatty Acids
- Others
Segmentation based on Form
- Capsule and Tablets
- Liquid
- Powder
- Others
Segmentation based on Sales Channel
- Hypermarket/Supermarket
- Specialty Stores
- Pharmacy
- Online Channels
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
What our reviews offer:
- Market share assessments for the regional and country-level segments
- Strategic hints for the new entrants
- Covers market facts for 2023, until 2031
- Market tendencies (drivers, opportunities, threats, challenges, funding opportunities, and recommendations)
- Strategic pointers in key enterprise segments based totally on the market estimations
- Competitive landscaping mapping the key frequent trends
- Company profiling with specified strategies, financials, and current developments
- Supply chain tendencies mapping the modern day technological advancements
Nutraceuticals Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Nutraceuticals Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Nutraceuticals Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Nutraceuticals Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Nutraceuticals Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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