A recent report published by
Infinium Global Research on nutraceuticals market provides in-depth analysis of
segments and sub-segments in the global as well as regional nutraceuticals
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional nutraceuticals market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global nutraceuticals market. According to the
report, the global nutraceuticals market is projected to grow at a CAGR of
7.60% over the forecast period of 2019-2025.
are a product that added health benefits in addition to the basic nutritional
value of the food. Nutraceuticals are natural foods, including dietary
supplements, antioxidants, fortified dairy products, citrus fruits, cereals,
vitamins, herbals, milk and minerals which improve the overall health of
consumers. Nutraceutical plays an important role in the well-being of humans.
Nutraceuticals products help in managing health issues like obesity,
cholesterol, cancer, arthritis, and diabetes. Nutraceuticals are used in
various end-user industries which includes pharmaceutical, food &
beverages, personal care, and animal feed.
nutraceuticals market has been driven by the growing awareness among consumers
associated with the benefits of consuming functional foods. Functional foods
provide additional physiological benefits that may reduce chronic, common
disease risks. Moreover, increasing health consciousness along with a need to
consume healthy food leads to the demand of the nutraceutical market. Apart from
this, increasing incidences of obesity, diabetes, high blood pressure, and cholesterol
and booming e-commerce industry, in confluence with expanding consumer
awareness, spur the demand of same. Additionally, dietary supplement
consumption by young population for their fitness awareness, thereby driving
market growth. However, the cost of production of raw materials for
nutraceutical products may hamper that growth of the market. Furthermore,
consumer inclination towards personalized nutrition trends is expected to offer
lucrative opportunities for the global nutraceutical market in coming years.
Additionally, new product development and investment in R&D by the major
players are further accelerating the growth of the same in the coming years.
Geographically, The Asia Pacific is expected to be the largest share of the nutraceuticals market
due to the presence of countries like China, Japan, and India, as they are the
prime users of nutraceutical products. Increasing occurrences of chronic
diseases along with rapid growth in the geriatric population in economies such
as Japan and China escalates the growth of the market in the Asia Pacific
region. On the other hand, North America is accounted to be the mature market
for nutraceuticals. The growth of North America region is attributed owing to
the growth of the elderly population along with high healthcare costs in
developed countries in this region. Consumer preferences towards on the go food
products are further quickening the growth of the market over the forecast
period. Looking to Europe, population
growth, urbanization, and digitalization have all been key factors augmenting
an unhealthy consumer lifestyle and dietary patterns, which leads to
uncontrollable obesity levels. Which in turns, the growth of nutraceuticals
products is an increase in the moderate rate in Europe. Furthermore, the
Middle East and Africa are projected to experience moderate growth in the
nutraceuticals market during the forecast period.
The report on global nutraceuticals
market covers segments such as type. On the basis of type, the sub-markets
include functional food, functional beverage, and dietary supplements.
The report provides profiles of
the companies in the market such as Amway, W. R. Grace, and Company, General
Mills, Innophos, Inc., Koninklijke DSM N.V., Cargill Corporation, The Hain
Celestial Group, Inc., Nestlé S.A., Archer Daniels Midland, and DuPont.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the nutraceuticals market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.