The global Nutraceuticals Market Size is expected to reach US$ 5 billion by 2030 and is expected to grow at an impressive double-digit rate of 6% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global Nutraceuticals Market for the period 2016-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Nutraceuticals Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Nutraceuticals are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
Nutraceuticals industry is growing at the significant pace owing to increasing demand for the functional food or fortified food among the global population. Addition to this, government and the regulatory bodies in the global market are continuously focusing and embossing the regulatory mandates for the food fortification which can have a positive impact on the growth of the global nutraceuticals market over the forecast period of time. Further, the health consciousness among the global population is increasing continuously owing to outbreak of COVID-19 worldwide. Hence, the global population is focusing on increasing immunity by consuming fortified food products which is in tern boosting growth of the target industry. Growth in prevalence of the chronic diseases is among important factors anticipated to augment growth of the global market over the forecast period 2021-2030.
For instance, according to the data published by World Health Organization, percentage of the patients suffering from the chronic condition high blood pressure has been increased from 43% in 2006 to 49% in year 2016. However, high costs associated with the fortification of the food are among major factors expected to limit the industrial growth of the target market. Nevertheless, growth in the demand and adoption of pet fortified food is an important factor that can create potential opportunities for the main companies in the global market. Along with this emerging application of the nutraceuticals will support revenue growth of the target market in the next 10 years. Ongoing technological as well as product-based improvisations are creating huge role in the development of the global nutraceuticals market. Most of the companies are focusing on strategic development which is boosting the growth of the target market.
Report Highlights
- Among the nutraceuticals type segment, dietary supplements segment is dominated the overall market. The growth is attributed to increasing awareness regarding health and growing healthcare expenditure across the globe.
- Among the form, tablets & softgels segment was expected to register maximum share during the forecast period of time 2021-2030, owing to increasing adoption of the tablets & softgels nutraceuticals food across the globe.
- Archer Daniels Midland Company accounted for a significant share of the global nutraceuticals market.
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Key Market Players and Strategies
- Archer Daniels Midland Company
- General Mills, Inc.
- I. du Pont de Nemours and Company
- Aland (Jiangsu) Nutraceutical Co., Ltd.
- BASF SE
- Cargill, Incorporated
- Royal DSM N.V.
- Groupe Danone S.A.
- Nestle S.A.
- PepsiCo Inc.
Major Market Segments Covered:
By Type
- Dietary Supplements
- Proteins & Peptides
- Vitamins & Minerals
- Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, Phytochemicals)
- Others (Fatty Acids and Fiber)
- Functional Beverages
- Fruit & Vegetable Juices and Drinks
- Dairy & Dairy Alternative Drinks
- Noncarbonated Drinks (Bottled Water, Tea, and Coffee)
- Other (Herbal Tea, Sports Drinks, and Energy Drinks)
- Functional Food
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Branded Ionized Salt
- Branded Wheat Flour Market
- Other Functional Food
- Personal Care
By Form
- Capsules
- Liquid & Gummies
- Tablets & Soft Gels
- Powder
- Others
Regional Analysis:
The geographical analysis of the global Nutraceuticals Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Nutraceuticals Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Nutraceuticals Market in 2030?
- What is the expected CAGR for the Nutraceuticals Market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Nutraceuticals Market?
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