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.
Nutraceuticals 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.
The global 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.
Get free analyst support for the queries before and post purchasing report.
Be assured of 100% customer satisfaction about the research and get 24X7 customer support.
Infinium has achieved over 400%+ growth in its repository and revenue over the last 2 years. Yes, we are proud to say we are growing at a great pace and becoming a trusted partner among our clients.
sign up for our newsletter