Nutraceuticals Market to Reach US$ 314.2 Bn by 2030

Spread the love

The global nutraceuticals market size was valued at US$ 160.3 Billion in 2020 and is projected to reach US$ 314.2 Billion by 2030, rising at a market growth (CAGR) of 7.1% during the forecast period.

Precedence Research’s latest report on the global nutraceuticals market provides an analysis for the period of 2017 to 2030, wherein, 2020 is the base year, 2017 and before is historical data, and 2021 to 2030 is the forecast period.

Precedence Research provides an in-depth analysis of market size, share analysis, Industry growth, market valuation, market dynamics which includes drivers, restraints, opportunities, trends, challenges, market segmentation, competitive landscape, regional and country breakdowns, and strategies for nutraceuticals market. The study reviews the global industry by-products or services offered, downstream fields, end using customers, historic data figures regarding revenue and sales, market context, and more.

The report comprises a detailed value chain analysis, which provides a comprehensive view of this market. The Porter’s Five Forces model for the global market has also been included to help understand the competitive landscape. The study covers market attractiveness analysis, wherein resin types are benchmarked based on their market value, growth rate, and general attractiveness.

Download FREE SAMPLE PAGES before Purchase https://www.precedenceresearch.com/sample/1215

Nutraceuticals refers to the specific food products which offer various health benefits along with the base nutritious values of the food products. Nutraceuticals are gaining huge attraction in the recent years as it helps to prevent numbers of diseases. Growth in the awareness among the individuals across the globe is fuelling demand for the nutraceuticals. Major components of the nutraceuticals include dietary supplements and functional food as well as beverages. Nutraceuticals is an approach to prevent the diseases. Also, outbreak of COVID-19 can have positive impact on the demand as well as supply of the nutraceuticals, as the increasing need to propel the immunity in the young as well as old age population is creating huge demand for the dietary supplements and various functional foods across the world.

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.

Regional Analysis:

The research report deals with the industry prospects of nutraceuticals products around regions including Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. North America will dominate the global industry due to rising demand for fortified food and stringent government regulations in the U.S. and Canada of the North America. Presence of leading players in the region along with strategies that are implemented by the major players in the countries of North America is expected to witness substantial growth in the target industry in the near future.

Asia Pacific is likely to list the noteworthy CAGR, on account of rising awareness about the usage of nutraceuticals in emerging economies. Also, most of the key players operating in the industry are investing heavily in order to get the competitive edge in the nutraceuticals market in Asia Pacific. Further, due to coronavirus spread, European population is aiming towards booming their immunity and demanding huge amounts of nutraceuticals products which is creating potential growth opportunities for the European companies and fuelling global market.

Key Players of the global nutraceuticals market are:

  • 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.

Segments Covered in the Report:

Market Segment

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 Segment

  • North America (United States, Canada)
  • Europe (Germany, France, UK,  Italy, Russia, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia, Korea, and Rest of Asia Pacific)
  • Latin America (Brazil and the Rest of Latin America)
  • The Middle East and Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

Purchase this Market Research Report @ https://www.precedenceresearch.com/checkout/1215

About Us:

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and among different ventures present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Admin

Carolina is an author who specializes in covering healthcare, chemical, and the automotive industry. Before joining Market Stats News, Carolina covered some of the biggest companies in Silicon Valley for the San Jose Mercury News. She loves all things French and the written word. Articles by Carolina

Mail: carolina@marketstatsnews.com

View all posts by Admin →

Leave a Reply

Your email address will not be published. Required fields are marked *