Nutraceutical Market Research Report
Growth Opportunities in the global nutraceutical
market look promising over the upcoming years. The rising application of
nutraceuticals for the treatment of malnutrition and cardiovascular disorders,
followed by the growing healthcare costs, are the key factors that are driving
the growth of the nutraceutical market.
Introduction
of the Nutraceutical Market:
Nutraceutical is a wide term used to describe the products
derived from food sources and provides extra health or medical benefits. It
helps to prevent and treat several diseases as these food products contain a
huge amount of nutrients and medically active food, such as soybeans or garlic.
These food products also provide various health benefits which helps to
decrease the risk of chronic diseases and basic nutrition.
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Nutraceutical
Market Dynamics (including market size, share, trends, forecast, growth,
forecast, and industry analysis)
The rising application of nutraceuticals for the treatment
of malnutrition and cardiovascular disorders, followed by the growing
healthcare costs and the increasing geriatric population globally, are some of
the major factors surging the growth of the nutraceutical market size.
There has been a significant shift in consumer’s preference towards healthier
diet patterns to improve their immune system due to rising incidences of
numerous diseases. This is promoting them to opt for various functional food
products. Furthermore, the increasing demand for nutraceutical market driven by
the exceptional benefits offered by these products is propelling the demand for
functional food products.
The shift in the lifestyle of the consumers, coupled with
rapid innovation in the food industry, is bringing growth opportunities in the
market in the upcoming years. Nutraceuticals ingredients including natural
herbs and antioxidants, help in protecting the skin from various diseases and
infections. This factor will boost the demand for nutraceuticals ingredients in
personal care products. Due to the outbreak of the COVID-19 pandemic, the
demand for nutraceuticals & functional food products is rising due to the
growing consumers' awareness related to the consumption of immunity-boosting
supplements. In addition to this, the key factor fuelling the growth of the nutraceutical
industry include the drop in demand for poultry, meat, and seafood products
at a global level. On the other hand, the factors that are hindering the growth
of the nutraceutical market include the growing cost of production of raw
materials for nutraceuticals products and the lack of manufacturing of quality
nutraceuticals.
Key
Players of the Global Nutraceutical Market:
·
Danone (Danone S.A)
·
Amway Corporation
·
Ingredion
·
Dean Foods
·
E. I. du Pont de Nemours and Company
·
Archer Daniels Midland Company
·
BASF S.A.
·
Cargill, Incorporated
·
PepsiCo Inc.
·
General Mills, Inc.
Nutraceutical Market Segmentation:
Global Nutraceutical Market Report
Segment by Product:
·
Dietary Supplements
o
Vitamins
o
Botanicals
o
Minerals
o
Proteins
& Amino Acids
o
Fibers
& Specialty Carbohydrates
o
Omega
Fatty Acids
o
Others
·
Functional Foods
o
Carotenoids
o
Dietary
Fibers
o
Fatty
Acids
o
Minerals
o
Prebiotics & Probiotics
o
Vitamins
o
Others
·
Functional Beverages
o
Energy
Drinks
o
Sports
Drinks
o
Functional
Juices
o
Others
Global Nutraceutical Market Report
Segment by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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