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Global Nutraceuticals Market by Product (Functional Beverages, Functional Food, Dietary Supplements) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: DN-69763
  • Author: Up Market Research
  • Rating: 4.9
  • Total Reviews: 93
  • No. Of Pages: 241
  • Format:
  • Pub. Date: 2021-10-14
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Summary of the Report

Global nutraceuticals market was valued at USD 417.66 million in 2020. It is projected to grow at an 8.9% compound annual growth rate (CAGR), from 2020-2028. Global market growth is expected to be driven by the growing demand for functional foods and dietary supplements over the forecast period. The favorable outlook for medical nutrition, due to the growing application scope in treating Cardiovascular Disorders (CVDs), and malnutrition, is expected to drive the dietary supplement market. The global function foods market is expected to grow over the forecast period due to rising healthcare costs and an increasing number of aging people. Functional foods are attracting positive attitudes from consumers, due to their added health and wellbeing benefits.

The market will grow due to the high adoption of herbal medicines around the world, as well as rising concerns about the dangers of traditional pharma drugs. The demand for functional foods and dietary supplements has increased in the wake of the COVID-19 epidemic. Over the last year, immunity-boosting supplements have become mainstream. This has resulted in a significant shift in consumer behavior as well as buying patterns. The overall demand has grown due to the rising geriatric population, rising healthcare costs, changes in lifestyle, food innovation and expectations about higher prices. Due to their many health benefits, dietary fibers as well as minerals will be in high demand. Fibers promote bowel movement and help to cleanse internal organs. Minerals aid in the retention and passage nutrients into cells.

Additionally, people will be more likely to take preventive measures such as dietary supplementation after the COVID-19 epidemic. The overall market growth has been supported by the global pandemic. Due to increasing importance of preventive health care, the U.S. has seen a rise in demand for dietary supplement products over the last few years. Multivitamins are preferred by consumers as they provide the body with essential nutrients. Multivitamins have become an integral part in the diet, and this trend has been accelerated by the pandemic.

Product Insights

The industry can be divided into three product segments: functional beverages, dietary supplements and functional food. With a 47.13% revenue share, the functional food segment led overall market in 2020. It was followed by functional beverages and dietary supplements. Technological advancement, along with product development progress, will drive the dietary supplement market in the future.

Sport drinks have been growing in popularity with athletes and others involved in active physical activities. This market is also driven by the demand for sports drinks from millennials. Prebiotics and probiotics-based functional food segments are expected to see the greatest growth over the forecast period. Due to their promising role in supporting the immune system, the prebiotic and probiotic segments are expected to grow at a 10.7% CAGR between 2020-2028.

Regional Insights

Asia Pacific led the global market with a revenue share greater than 31% in 2020. It is expected to grow further at a 10.7% CAGR between 2020 and 2028. The Asia Pacific market is likely to be driven by growing health concerns and increased awareness about nutraceuticals. The market has seen significant growth in Asia Pacific due to a growing geriatric population, increased spending on healthcare products, as well as changing lifestyles. Market growth will also be supported by government regulations.

This market is expected to be a big opportunity due to the increasing use of nutraceutical products for food fortification. The rapid growth in the retail sector of emerging markets like India, Indonesia, Malaysia, Malaysia and China due to regulatory support for investments will increase product accessibility, which is expected to boost overall sales. Consumers are becoming more health-conscious due to rapid urbanization and changing lifestyles. This increases product demand.

Market Share Insights & Key Companies

International players are a key feature of the competitive landscape. To compete on the market, companies have used acquisitions & mergers as well as new product launches. Companies have been able to increase their product range and improve product quality through acquisitions and mergers. Companies can also introduce new products to the market to provide better quality products that meet changing consumer preferences. The following are some of the major players in the global nutraceuticals industry:

  • Cargill, Inc.

  • Archer Daniels Midland Company

  • DuPont

  • Nestle S.A.

  • Danone

  • Royal DSM N.V.

  • General Mills

  • Innophos

  • Grace, WR

  • Amway Corp.

  • 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.

Up Market Research published a new report titled “Nutraceuticals Market research report which is segmented by Product (Functional Beverages, Functional Food, Dietary Supplements), By Players/Companies EID Parry Ltd, General Mills, DuPont, Matsun Nutrition, Herbalife Ltd, The Hain Celestial Group Inc, Archer Daniels Midland Company, Royal DSM NV, Mead Johnson Nutrition Company, Amway Corp, Valensa International, Innophos, Bactolac Pharmaceuticals Inc, Nestle SA, AOR Canada, WR Grace, Danone, Cargill Inc, Arkopharma Laboratories SA, Natrol Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

Report AttributesReport Details
Report TitleNutraceuticals Market Research Report
By ProductFunctional Beverages, Functional Food, Dietary Supplements
By CompaniesEID Parry Ltd, General Mills, DuPont, Matsun Nutrition, Herbalife Ltd, The Hain Celestial Group Inc, Archer Daniels Midland Company, Royal DSM NV, Mead Johnson Nutrition Company, Amway Corp, Valensa International, Innophos, Bactolac Pharmaceuticals Inc, Nestle SA, AOR Canada, WR Grace, Danone, Cargill Inc, Arkopharma Laboratories SA, Natrol Inc
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages241
Number of Tables & Figures169
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Nutraceuticals Industry Outlook

Global Nutraceuticals Market Report Segments:

The market is segmented by Product (Functional Beverages, Functional Food, Dietary Supplements).

Nutraceuticals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Nutraceuticals Market

Overview of the regional outlook of the Nutraceuticals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Nutraceuticals Market Overview

Highlights of The Nutraceuticals Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Nutraceuticals Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Functional Beverages

                2. Functional Food

                3. Dietary Supplements

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Nutraceuticals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Nutraceuticals Market Trends

Reasons to Purchase the Nutraceuticals Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nutraceuticals Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Nutraceuticals Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Nutraceuticals Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Nutraceuticals Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Nutraceuticals Market Size & Forecast, 2018-2028 
      4.5.1 Nutraceuticals Market Size and Y-o-Y Growth 
      4.5.2 Nutraceuticals Market Absolute $ Opportunity 

Chapter 5 Global Nutraceuticals Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Nutraceuticals Market Size Forecast by Product
      5.2.1 Functional Beverages
      5.2.2 Functional Food
      5.2.3 Dietary Supplements
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Nutraceuticals Market Analysis and Forecast by Region
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Region
      6.1.2 Basis Point Share (BPS) Analysis by Region
      6.1.3 Absolute $ Opportunity Assessment by Region
   6.2 Nutraceuticals Market Size Forecast by Region
      6.2.1 North America
      6.2.2 Europe
      6.2.3 Asia Pacific
      6.2.4 Latin America
      6.2.5 Middle East & Africa (MEA)
   6.3 Market Attractiveness Analysis by Region

Chapter 7 Coronavirus Disease (COVID-19) Impact 
   7.1 Introduction 
   7.2 Current & Future Impact Analysis 
   7.3 Economic Impact Analysis 
   7.4 Government Policies 
   7.5 Investment Scenario

Chapter 8 North America Nutraceuticals Analysis and Forecast
   8.1 Introduction
   8.2 North America Nutraceuticals Market Size Forecast by Country
      8.2.1 U.S.
      8.2.2 Canada
   8.3 Basis Point Share (BPS) Analysis by Country
   8.4 Absolute $ Opportunity Assessment by Country
   8.5 Market Attractiveness Analysis by Country
   8.6 North America Nutraceuticals Market Size Forecast by Product
      8.6.1 Functional Beverages
      8.6.2 Functional Food
      8.6.3 Dietary Supplements
   8.7 Basis Point Share (BPS) Analysis by Product 
   8.8 Absolute $ Opportunity Assessment by Product 
   8.9 Market Attractiveness Analysis by Product

Chapter 9 Europe Nutraceuticals Analysis and Forecast
   9.1 Introduction
   9.2 Europe Nutraceuticals Market Size Forecast by Country
      9.2.1 Germany
      9.2.2 France
      9.2.3 Italy
      9.2.4 U.K.
      9.2.5 Spain
      9.2.6 Russia
      9.2.7 Rest of Europe
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 Europe Nutraceuticals Market Size Forecast by Product
      9.6.1 Functional Beverages
      9.6.2 Functional Food
      9.6.3 Dietary Supplements
   9.7 Basis Point Share (BPS) Analysis by Product 
   9.8 Absolute $ Opportunity Assessment by Product 
   9.9 Market Attractiveness Analysis by Product

Chapter 10 Asia Pacific Nutraceuticals Analysis and Forecast
   10.1 Introduction
   10.2 Asia Pacific Nutraceuticals Market Size Forecast by Country
      10.2.1 China
      10.2.2 Japan
      10.2.3 South Korea
      10.2.4 India
      10.2.5 Australia
      10.2.6 South East Asia (SEA)
      10.2.7 Rest of Asia Pacific (APAC)
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Asia Pacific Nutraceuticals Market Size Forecast by Product
      10.6.1 Functional Beverages
      10.6.2 Functional Food
      10.6.3 Dietary Supplements
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product

Chapter 11 Latin America Nutraceuticals Analysis and Forecast
   11.1 Introduction
   11.2 Latin America Nutraceuticals Market Size Forecast by Country
      11.2.1 Brazil
      11.2.2 Mexico
      11.2.3 Rest of Latin America (LATAM)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Latin America Nutraceuticals Market Size Forecast by Product
      11.6.1 Functional Beverages
      11.6.2 Functional Food
      11.6.3 Dietary Supplements
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product

Chapter 12 Middle East & Africa (MEA) Nutraceuticals Analysis and Forecast
   12.1 Introduction
   12.2 Middle East & Africa (MEA) Nutraceuticals Market Size Forecast by Country
      12.2.1 Saudi Arabia
      12.2.2 South Africa
      12.2.3 UAE
      12.2.4 Rest of Middle East & Africa (MEA)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Middle East & Africa (MEA) Nutraceuticals Market Size Forecast by Product
      12.6.1 Functional Beverages
      12.6.2 Functional Food
      12.6.3 Dietary Supplements
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product

Chapter 13 Competition Landscape 
   13.1 Nutraceuticals Market: Competitive Dashboard
   13.2 Global Nutraceuticals Market: Market Share Analysis, 2019
   13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      13.3.1 EID Parry Ltd
      13.3.2 General Mills
      13.3.3 DuPont
      13.3.4 Matsun Nutrition
      13.3.5 Herbalife Ltd
      13.3.6 The Hain Celestial Group Inc
      13.3.7 Archer Daniels Midland Company
      13.3.8 Royal DSM NV
      13.3.9 Mead Johnson Nutrition Company
      13.3.10 Amway Corp
      13.3.11 Valensa International
      13.3.12 Innophos
      13.3.13 Bactolac Pharmaceuticals Inc
      13.3.14 Nestle SA
      13.3.15 AOR Canada
      13.3.16 WR Grace
      13.3.17 Danone
      13.3.18 Cargill Inc
      13.3.19 Arkopharma Laboratories SA
      13.3.20 Natrol Inc
Segments Covered in the Report
The global Nutraceuticals market has been segmented based on

By Product
  • Functional Beverages
  • Functional Food
  • Dietary Supplements
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • EID Parry Ltd
  • General Mills
  • DuPont
  • Matsun Nutrition
  • Herbalife Ltd
  • The Hain Celestial Group Inc
  • Archer Daniels Midland Company
  • Royal DSM NV
  • Mead Johnson Nutrition Company
  • Amway Corp
  • Valensa International
  • Innophos
  • Bactolac Pharmaceuticals Inc
  • Nestle SA
  • AOR Canada
  • WR Grace
  • Danone
  • Cargill Inc
  • Arkopharma Laboratories SA
  • Natrol Inc

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