Nutraceutical Market size was valued at US$ 173.88 Bn. in 2021 and the total Nutraceutical revenue is expected to grow at 7.2% from 2022 to 2029, reaching nearly US$ 303.25 Bn.
Nutraceutical Market Overview:The terminology of nutraceuticals and associated items varies according to the source. These goods can be classed according to their natural origins, pharmaceutical conditions, and chemical composition. Nutraceuticals are often classified into four categories: dietary supplements, functional foods, medical foods, and pharmaceuticals. Nutraceuticals have sparked tremendous attention in recent years because of their prospective nutritional, safety, and medicinal impacts. These compounds may have a role in a variety of biological activities, notably antioxidant defences, cell proliferation, gene function, and mitochondrial stability. To Know About The Research Methodology :- Request Free Sample Report The report explores the Nutraceutical market's segments (Form, Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Nutraceutical market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Nutraceutical market's contemporary competitive scenario.
Nutraceutical Market Dynamics:A major driver of market growth is that chronic illness prevalence is rising. The global burden of chronic illnesses is steadily growing. According to the WHO, chronic illnesses will account for nearly 75% of all fatalities globally by 2023, with developing nations accounting for 70% of deaths due to ischemic heart disease, 70% of deaths due to stroke, and 65% of deaths due to diabetes. The number of diabetics in the developing world will more than double, from 85 million in 1995 to 225 million by 2025. Globally, developing nations will bear 65 percent of the burden of chronic illnesses. Globally, the population diagnosed with chronic illnesses e.g. obesity, diabetes, high blood pressure, and coronary heart disease is on the rise.As a result, individuals are becoming more aware of their eating habits. Diet and health are inextricably linked, and people are choosing healthier foods. Consumers are also seeking solutions that offer the ideal balance of nutrients and flavor. A major restraint in the market growth is that the higher cost of enriched food products discourages widespread use and acceptance. Nutraceuticals are used in a wide range of goods, including functional food and drinks, animal nutrition, medications, and personal care items. However, the addition of nutraceutical substances to food and beverage goods, feed products, medicines, and personal care items raises the pricing of these finished goods. As a result, lesser acceptance of such items occurs, hampering the market growth. For example, probiotic-based bottled water products are more expensive than standard bottled water goods. Even though these probiotic-based bottled products provide important health advantages such as improved digestive and immunological health, most customers are unlikely to completely accept the product or substitute their usual bottled water use. Consumer distrust of nutraceutical goods is a major challenge in the market growth. Along with growing consumer knowledge about improved food choices and increased health consciousness, there is still some consumer skepticism regarding the use of nutraceutical goods. Although there are numerous obstacles, synthetic sources and unproven health claims are the two biggest barriers to the mass adoption of nutraceutical goods. Most nutraceutical product companies rely heavily on medical claims as a primary marketing and selling element; yet, when such claims fail to bear fruit, customer distrust regarding these products grows. Another aspect impeding nutraceutical product market growth is their composition or synthetic origin. Most people dislike items that have been genetically engineered to improve their performance.
Nutraceutical Market Segment Analysis:By Application, the animal nutrition segment is expected to grow at a CAGR of 5.6% during the forecast period.Antibiotic usage as a growth booster in chicken results in the spread of antibiotic-resistant bacteria and the integration of drug residues in meals; hence, it has been regulated in several countries. There is an international effort to reduce the usage of antibiotics in animal products. The elimination of antibiotics from chicken diets resulted in a decrease in growth performance. As a result, there is a huge need for natural compounds that promote similar growth and improve poultry health. These elements have critical roles in controlling animals' normal physiological processes, particularly their resistance to infectious diseases. The use of nutraceuticals was found to be effective in both infectious and noninfectious disorders. They are appropriate for the diet since they are natural constituents and do not offer the hazards linked with antibiotics or other medicines. Nutraceuticals are commercial additives derived from natural ingredients that are used as an additional feed supplement to enhance animal wellbeing. Enzymes, synbiotics, phytobiotics, organic acids, and polyunsaturated fatty acids are all part of this category. Many veterinary medications have low absorption, which has a significant influence on efficacy. There are some excellent nutraceuticals accessible on the veterinary market today that have passed scientific studies and shown their worth. Supplementing an animal's diet with a top-quality nutraceutical encourages optimum health, stamina, immunological status, development, reproductive health, muscle and tendon strength, and recuperation. Adding such a supplement to convalescing animals typically aids in better healing, weight growth, and greater hunger.
Nutraceutical Market Regional Insights:The APAC market is expected to grow at a CAGR of 5.8% during the forecast period. Consumers' increasing health concerns and increased knowledge of nutraceuticals are anticipated to be the primary drivers of the Asia Pacific market. Moreover, an aging population, shifting purchasing behavior on healthcare goods, and demographic changes have aided the growth of the Asia Pacific market. A large product range and federal regulations governing nutraceutical goods are two factors that limit the growth of this industry. The emerging inclination of food fortification with nutraceutical goods, on the other hand, is expected to generate considerable potential for this industry. Growing nutritional fortification awareness in China and India is anticipated to be a positive driver for market growth. Moreover, the rise of the retail sector in emerging economies e.g. China, Indonesia, and India as a result of government incentives to encourage investment is likely to boost buyer accessibility throughout the forecast period. Consumers' preferences for healthy eating alternatives have shifted as a result of changing lifestyles and increased urbanization. Vitamins are essential for the healthy normal functioning of the body and aid in the prevention of many illnesses as well as wound healing. As a result of these factors, the APAC market is expected to grow significantly during the forecast period. The objective of the report is to present a comprehensive analysis of theNutraceuticalmarket to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Nutraceutical market dynamics, and structure by analyzing the market segments and projecting the Nutraceutical market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Nutraceutical market make the report investor’s guide.
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Global Nutraceutical Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 173.88 Bn. Forecast Period 2022 to 2029 CAGR: 7.2 % Market Size in 2029: US $ 303.25 Bn. Segments Covered: by Form • Dry • Liquid by Type • Probiotic • Proteins and amino acids • Phytochemical & plant extracts • Fibers & specialty carbohydrates • Omega 3 fatty acids • Vitamins • Prebiotic • Carotenoids • Minerals • Others by Application • Food • Beverages • Personal care • Animal nutrition • Dietary supplements
Nutraceutical Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Nutraceutical Market Key Players• Cargill • Archer Daniels Midland Company • DuPont • Nestle S.A. • Danone • Royal DSM N.V. • General Mills • Innophos • WR Grace • Amway Corporation • AOR Canada • Arkopharma Laboratories S.A. • Bactolac Pharmaceuticals, Inc. • E.I.D Parry Ltd. • Valensa International • Matsun Nutrition • Mead Johnson Nutrition Company • Natrol Inc. • The Hain Celestial Group, Inc. • Herbalife Ltd. FAQs: 1. Which is the potential market for the Nutraceutical in terms of the region? Ans.APAC is the potential market for the Nutraceutical in terms of the region. 2. What are the challenges for new market entrants? Ans.Consumer distrust of nutraceutical goods is a major challenge in the market growth. 3. What is expected to drive the growth of the Nutraceutical market in the forecast period? Ans.A major driver of market growth is that chronic illness prevalence is rising. 4. What is the projected market size & growth rate of the Nutraceutical Market? Ans.Nutraceutical Market size was valued at US$ 173.88 Bn. in 2021 and the total Nutraceutical revenue is expected to grow at 7.2% from 2022 to 2029, reaching nearly US$ 303.25 Bn. 5. What segments are covered in the Nutraceutical Market report? Ans. The segments covered areForm, Type, Application, and Region.
1. Global Nutraceutical Market: Research Methodology 2. Global Nutraceutical Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Nutraceutical Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Nutraceutical Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Nutraceutical Market Segmentation 4.1 Global Nutraceutical Market, by Form (2021-2029) • Dry • Liquid 4.2 Global Nutraceutical Market, by Type (2021-2029) • Probiotic • Proteins and amino acids • Phytochemical & plant extracts • Fibers & specialty carbohydrates • Omega 3 fatty acids • Vitamins • Prebiotic • Carotenoids • Minerals • Others 4.3 Global Nutraceutical Market, by Application (2021-2029) • Food • Beverages • Personal care • Animal nutrition • Dietary supplements 5. North America Nutraceutical Market(2021-2029) 5.1 North America Nutraceutical Market, by Form (2021-2029) • Dry • Liquid 5.2 North America Nutraceutical Market, by Type (2021-2029) • Probiotic • Proteins and amino acids • Phytochemical & plant extracts • Fibers & specialty carbohydrates • Omega 3 fatty acids • Vitamins • Prebiotic • Carotenoids • Minerals • Others 5.3 North America Nutraceutical Market, by Application (2021-2029) • Food • Beverages • Personal care • Animal nutrition • Dietary supplements 5.4 North America Nutraceutical Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Nutraceutical Market (2021-2029) 6.1. European Nutraceutical Market, by Form (2021-2029) 6.2. European Nutraceutical Market, by Type (2021-2029) 6.3. European Nutraceutical Market, by Application (2021-2029) 6.4. European Nutraceutical Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Nutraceutical Market (2021-2029) 7.1. Asia Pacific Nutraceutical Market, by Form (2021-2029) 7.2. Asia Pacific Nutraceutical Market, by Type (2021-2029) 7.3. Asia Pacific Nutraceutical Market, by Application (2021-2029) 7.4. Asia Pacific Nutraceutical Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Nutraceutical Market (2021-2029) 8.1 Middle East and Africa Nutraceutical Market, by Form (2021-2029) 8.2. Middle East and Africa Nutraceutical Market, by Type (2021-2029) 8.3. Middle East and Africa Nutraceutical Market, by Application (2021-2029) 8.4. Middle East and Africa Nutraceutical Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Nutraceutical Market (2021-2029) 9.1. South America Nutraceutical Market, by Form (2021-2029) 9.2. South America Nutraceutical Market, by Type (2021-2029) 9.3. South America Nutraceutical Market, by Application (2021-2029) 9.4 South America Nutraceutical Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Cargill 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Archer Daniels Midland Company 10.3 DuPont 10.4 Nestle S.A. 10.5 Danone 10.6 Royal DSM N.V. 10.7 General Mills 10.8 Innophos 10.9 WR Grace 10.10 Amway Corporation 10.11 AOR Canada 10.12 Arkopharma Laboratories S.A. 10.13 Bactolac Pharmaceuticals, Inc. 10.14 E.I.D Parry Ltd. 10.15 Valensa International 10.16 Matsun Nutrition 10.17 Mead Johnson Nutrition Company 10.18 Natrol Inc. 10.19 The Hain Celestial Group, Inc. 10.20 Herbalife Ltd.