Nutraceutical Products Market Positive Outlook for Expansion in the Coming Years

Explore the Report Ocean publication titled ‘Nutraceutical Products Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032’

Analysis and Growth Projection for the Global Nutraceutical Products Market:

Global Nutraceutical Products Market is valued approximately USD 453.80 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.02% over the forecast period 2022-2029. Nutraceuticals are functional foods that offer physiological benefits and prevent chronic diseases.

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Their ability to meet the complete dietary and supplementary needs is what makes them highly popular as compared to most healthcare and medicinal products. The Nutraceutical Products market is expanding because of factors such as rising awareness regarding healthy lifestyle and growing geriatric population.

Dietary supplements and minerals are used as additive products for health and bodily maintenance. Its prevalence has progressively increased during the last few decades. According to the Statista, in 2022, the global health and wellness food market was valued at USD 841 billion and is projected to increase to USD 1 trillion by 2026. Furthermore, geriatric and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving space growing demand for Dietary Supplements and Functional Foods. Fiasp is a formulation of Nutraceutical Products aspart in a combination with niacinamide (Vitamin-B3(, which helps boost the drug’s early absorption. In addition. The global sports nutrition market and supplements was valued at USD 44.43 billion in 2021 and is expected to increase in value to USD 85.7 billion by 2030. However, the high cost of Nutraceutical Products stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Nutraceutical Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market in terms of revenue, owing to the increased number of disorders linked to nutritional deficiencies and increase in the consumption of convenience food products. According to a survey by Rakuten Insight on dietary supplements conducted in March 2022, around 79 percent of the respondents in South Korea stated that they took dietary supplements, the highest share across the surveyed Asia-Pacific markets. Furthermore, North America is expected to grow with a highest CAGR during the forecast period, owing to factors such as increasing presence of key market players and active participation of government and nonprofit organizations in the market space.

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Major market players included in this report are:
Kraft Heinz Company
The Hain Celestial Group
Genomatica, Inc
Kellogg’s
Nestle
Nature’s Bounty
Amway
Barilla Group
Raisio Group
Pfizer Inc

Recent Developments in the Market:
In June 2022: Kellogg’s Special K released new Protein Snack Bars containing 6 grams of protein and 90 calories. The snack bar is offered in two delectable flavors, sweet Berry Vanilla, and rich chocolaty Brownie Sundae, and provides a simple on-the-go protein grab without compromising taste.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Food
Beverages
Dietary Supplements

By Distribution Channel
Conventional stores
Specialty stores

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By Source
Probiotics
Proteins & amino acids
Phytochemicals & plant extracts
Fibers & Specialty carbohydrates
Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • ROE (Rest of Europe)
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • RoAPAC (Rest of Asia Pacific)
• Latin America
  • Brazil
  • Mexico
• Rest of the World

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Highlighting Key Aspects in Nutraceutical Products Market Report:

Business Overview: In-depth exploration of the company’s operations and business divisions.

Corporate Strategy: Concise summary of the company’s strategic approach to business.

SWOT Analysis: Comprehensive examination of the company’s strengths, weaknesses, opportunities, and threats.

Company History: Chronological account of significant events shaping the company’s trajectory.

Key Products and Services: Catalog of prominent products, services, and brand offerings by the company.

Competitive Landscape: Identification of major competitors in the industry.

Strategic Locations and Subsidiaries: Inventory and contact details of pivotal locations and subsidiaries.

Financial Performance Analysis: Comprehensive financial ratios from the company’s annual financial statements, spanning the last five years.

Why Invest in This Report?

– Accelerate your decision-making process with rapid and time-critical insights.

– Uncover pivotal growth and investment prospects within the Nutraceutical Products market.

– Make informed decisions supported by robust historical and forecast data for the Nutraceutical Products market.

– Strategically position yourself to harness the industry’s maximum growth potential.

– Pinpoint crucial partners and avenues for business development.

– Gain a comprehensive understanding of your competitors’ business landscape, strategies, and future prospects.

Frequently Asked Questions:

➟ What primarily fuels the expansion of the Nutraceutical Products market?

➟ What factors impede the market’s progress?

➟ Who stands out as the pivotal players in the market?

➟ Which geographical area commands the largest market share?

➟ What recent developments characterize the trends in the Nutraceutical Products market?

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