| Report Code: A01486 | Pages: 325 | Jan 2022 | 57743 Views | ||
| Author(s) : Himanshu V , Roshan D | Tables: 151 | Charts: 85 |
| |
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Nutraceuticals Market
Request Now !The global Nutraceuticals market size was valued at $413.0 billion in 2020, and is projected reach $650.5 billion by 2030, registering a CAGR of 3.9% from 2021 to 2030. The functional food segment led in terms of Nutraceuticals market share in 2020, however, functional beverages are expected to have the highest growth throughout the forecast period.
Nutraceuticals are products that are categorized under food but are also used for medicinal purposes. They are also known as bioceuticals as they are made from food materials and food extracts. There are various types of Nutraceuticals products available in the market that are used for a variety of applications. As these products are considered to be food supplements or additives, they are unregulated in many parts of the world. The demand for Nutraceuticals products is increasing rapidly. The primary reason for the increase in demand for nutraceuticals is the increasing awareness regarding the health benefits with the consumption of nutraceuticals and Nutraceuticals supplements. In addition, increase in participation of athletes in sports at national and international levels is expected to boost the demand for functional beverages. Growing urbanized population, increasing spending on the health related products and growing cardiovascular, chronic, and obesity linked diseases are majorly driving the growth of the functional food market. Functional food are rich sources of omega fatty acid, which helps to maintain the weight and control blood circulation in the body
Over the last few years, consumer awareness regarding herbal products and food is on the rise. Many consumers are avoiding chemical ingredients in their food, health food, functional food, proteins, and Nutraceuticals products. This demand is mainly increasing in developed regions of North America and Europe as consumers in this region are spending more on natural products compared to consumers in other regions. Newer types of nutraceuticals in the forms of gummies, jellies, and soft gels are being introduced in the market and their adoption is gradually increasing, they are available in a myriad of shapes, sizes, flavors and concentrations. Also, these types of nutraceuticals are also becoming very popular among kids, which is further helping the market to expand. However, the nutraceuticals market is hindered by difficulties that manufacturers face during the manufacturing process. A lot of the times, the extraction of the ingredients that are required to make to nutraceuticals are difficult and the result of the extraction is a very minimal amount of the ingredient thus resulting in very high cost.
The global Nutraceuticals market is segmented on the basis of type, form, sales channel, and region. Based on type, the global market is bifurcated into functional beverage, functional food, and dietary supplements. By form, the market is segmented into capsules and tablets, liquid, powder, others. Based on sales channel, the global market is studied across hypermarkets/supermarkets, specialty stores, pharmacies, and online channels. The global Nutraceuticals market is also studied across North America, Europe, Asia-Pacific, and LAMEA.
By type, the nutraceuticals market is divided into functional beverages, functional foods, and dietary supplements. Functional foods are the most commonly consumed types of Nutraceuticals products and occupy the largest market share, while the functional beverages are expected to have the highest growth at the end of the forecast period.
Depending on the form, the nutraceuticals market is divided into capsules and tablets, liquids, powders and others. Capsules and tablets are the most easily available land the most widely consumed forms of nutraceuticals in the market and the others Nutraceuticals products are expected to have the highest CAGR during the forecast period.
By sales channel, the nutraceuticals market is divided into hypermarket/supermarket, specialty stores, pharmacies and online channels. Pharmacies are the most popular means of purchase of Nutraceuticals products and the online channels segment is gaining popularity and is expected to have the highest growth.
The report focuses on the Nutraceuticals market growth prospects, restraints, and opportunities of the global Nutraceuticals market. The study provides Porter’s five forces analysis to understand the impact of various factors such as competitive intensity of competitors, bargaining power of suppliers, threat of substitutes, threat of new entrants, and bargaining power of buyers of the Nutraceuticals market.
Some of the major players profiled for in the Nutraceuticals market analysis Archer Daniels Midland Company, BASF SE, Cargill, Inc., Danone, DuPont de Nemours, Inc., General Mills Inc., Koninklijke DSM N.V., Nestle S.A., PepsiCo, Inc., and Yakult Honsha Co., Ltd.
Covid-19 Impact Analysis
Key Benefits For Stakeholders
Nutraceuticals Market Report Highlights
| Aspects | Details |
|---|---|
| By Type |
|
| By Form |
|
| By Sales Channel |
|
| By Region |
|
Loading Table Of Content...
The 21st century has seen a rapid increase in the business and severity of the lifestyle led by the people, especially the office going people that make up the majority of the world population. This has led to numerous health problems and complications as people cannot devote enough time towards healthy eating habits and exercise. However, there has been an increase in the awareness regarding such problems, and consumers are now adopting healthy practices like exercising and adoption of nutraceuticals.
Depending on the strength and the potency of the ingredients in the nutraceutical products, they can be consumed either daily or a few times a week. Most of the nutraceutical products available in the market are focused one or two aspects of health, such as vitamins and minerals or proteins and amino acids. Some nutraceutical can be paired with other kinds of healthy foods, like addition of powdered or liquid nutraceutical products in juices or smoothies. It can also enhance the taste of these foods as most of the nutraceutical products in the market are available in a myriad of flavors. As these nutraceutical products are made from food material, they are considered safe for consumption and are not classified under pharmaceutical products. Most of the countries in the world do not regulate nutraceuticals heavily, so they are available easily.
Increasing number of consumers that are adopting organic diets are propelling the engaged stakeholders in the nutraceutical market to focus on using organic and herbal ingredients for the production of their nutraceuticals, especially in the Asia-Pacific region which has a culture of herbal and Ayurvedic medicine. Furthermore, there is also an increase in demand for vegan nutraceutical products as the trend of veganism is also on the rise. Rapid increase in sales of nutraceuticals via online channels in also expected in the future.
A. $5770 is the total market value of nutraceuticals market report
A. 3.9% is the CAGR of nutraceuticals market.
A. Kindly raise an inquiry through the chat box and our business executive will get in touch with you with the details on the purchase options
A. 2030 would be the forecast period in the market report
A. Some of the major players profiled for in the Nutraceuticals market analysis Archer Daniels Midland Company, BASF SE, Cargill, Inc., Danone, DuPont de Nemours, Inc., General Mills Inc.
A. The global Nutraceuticals market is segmented on the basis of type, form, sales channel, and region.
A. Growth rate of emerging countries is 7.5%.
A. Increase in sales is expect do to continue in the post COVID scenario due to the persistent consumer inclination toward health and wellbeing caused by the pandemic
A. By Region, Asia-Pacific will dominate the market by the end of 2030
Start reading instantly.
This Report and over 19,614+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Contact Details
Need to talk to an expert? Book your free consultation and let our research experts help you with your needs/problems.
