Reports
Global Nutraceutical Products Market: Food, Beverages, Dietary Supplements; By Distribution Channel: Conventional Stores, Speciality Stores, Drugstores and Pharmacies; By Source; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
Global Nutraceutical Products Market Outlook
The global nutraceutical products market attained a value of about USD 306.72 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 7.10% to reach nearly USD 462.89 billion by 2027.
Increasing Awareness Regarding the Significance of Optimal Nutrition Driving the Market for Pharmaceutical Products
The growing awareness regarding the importance of optimal nutrition is propelling the growth of the nutraceutical products industry. With the growing prevalence of chronic diseases, the demand for nutraceutical products is increasing, hence driving the market growth.
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The market growth can be attributed to the increasing healthcare costs, especially in developing countries, which, in turn, is bolstering the use of nutraceutical products as preventative healthcare. The growing preference for alternatives to over-the-counter prescription drugs and medications is surging the demand for nutraceutical products, which is propelling the growth of the market. As the focus on holistic wellbeing is surging, the demand for nutraceutical products is rapidly growing.
Rising Demand for Nutraceutical Beverages Bolstering the Market Growth of Nutraceutical Products
The growing demand for nutraceutical beverages owing to the rising inclination towards a healthy lifestyle is driving the market growth. As the consumption of energy drinks and functional beverages is increasing, the market for nutraceutical products is witnessing robust growth. The increasing popularity of beverages containing antioxidants, minerals, and vitamins, among others, is driving the market growth. Nutraceutical beverages are increasingly consumed for their beauty offerings and anti-ageing effects, which is significantly contributing to the market growth. Moreover, the increasing innovations to enhance the solubility of nutraceutical beverages to boost product stability and nutritional composition is expected to bolster the market growth in the forecast period.
Nutraceutical Products: Market Segmentation
Nutraceutical products refer to fortified food products or food that provide numerous health benefits and aid in the treatment of various diseases. They are typically derived from minerals, herbs, vitamins, and dietary products that boost immunity against diseases. They consist of food and beverages and are consumed as preventive healthcare measures to reduce the burden on the healthcare sector.
The major types of nutraceutical products are:
- Food
- Beverages
- Dietary Supplements
The food segment is further divided into snacks, confectionery products, bakery products, dairy products, and infant nutrition products, whereas the beverages segment is classified into health drinks, energy drinks, and juices. Meanwhile, the dietary supplements segment is further categorised into tablets, liquid, and powder, among others.
The market can be broadly categorised on the basis of its distribution channels into:
- Conventional Stores
- Speciality Stores
- Drugstores and Pharmacies
The conventional stores segment can be segmented into grocery stores, mass merchandisers, warehouse clubs, and online retailers, whereas the speciality stores segment is divided into bakery stores, confectionery stores, gourmet stores, health centres, and cosmetic stores.
Based on sources, the market is classified into:
- Proteins and Amino Acids
- Probiotics
- Phytochemicals and Plant Extracts
- Fibres and Speciality Carbohydrates
- Omega-3 Fatty Acids
- Vitamins
- Prebiotics
- Carotenoids
- Minerals
- Others
The EMR report looks into the regional markets of nutraceutical products like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Demand for Nutraceutical Snacks to Augment the Growth of the Nutraceutical Products Industry
With the growing demand for convenience and the emerging trend of on-the-go products, the demand for nutraceutical snacks is significantly surging. The increasing emphasis on snacking that provides nutritional boom by the health-conscious consumers is escalating the demand for protein bars, granola bars, and dry nuts, among others, hence fuelling the industry growth. As consumers are increasingly preferring snacking with innovative flavours and textures, leading companies are launching innovative nutraceutical snacks to bolster the flavour profile while offering various health benefits. In addition, the emerging trend of personalised medicines and genomics are predicted to provide further impetus to the growth of the nutraceutical products industry in the forecast period.
As the rising prevalence of indigestion, celiac diseases, and various gut-health issues is increasing, the demand for nutraceutical products, notably containing probiotics, is significantly surging. The increasing research and development (R&D) activities to determine the scientific benefits of nutraceutical products are invigorating the market growth. The potential development of innovative nutraceutical products that can promote holistic wellbeing is projected to propel the growth of the market. With the increasing collaborations of pharmaceuticals and food companies to develop nutraceutical products as preventive medicines, the market is poised to witness robust growth in the coming years.
Key Industry Players in the Global Nutraceutical Products Market
The report presents a detailed analysis of the following key players in the global nutraceutical products market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Conagra Brands, Inc.
- General Mills, Inc.
- Nestlé S.A.
- Pfizer Inc.
- Freedom Foods Group Limited
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Distribution Channel, Source, Region |
| Breakup by Type | Food, Beverages, Dietary Supplements |
| Breakup by Distribution Channel | Conventional Stores, Speciality Stores, Drugstores and Pharmacies |
| Breakup by Source | Proteins and Amino Acids, Probiotics, Phytochemicals and Plant Extracts, Fibres and Speciality Carbohydrates, Omega-3 Fatty Acids, Vitamins, Prebiotics, Carotenoids, Minerals, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Conagra Brands, Inc., General Mills, Inc., Nestlé S.A., Pfizer Inc., Freedom Foods Group Limited, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Nutraceutical Products Market Analysis
8.1 Key Industry Highlights
8.2 Global Nutraceutical Products Historical Market (2018-2022)
8.3 Global Nutraceutical Products Market Forecast (2023-2028)
8.4 Global Nutraceutical Products Market by Type
8.4.1 Food
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Snacks
8.4.1.3.2 Confectionery Products
8.4.1.3.3 Bakery Products
8.4.1.3.4 Dairy Products
8.4.1.3.5 Infant Nutrition Products
8.4.2 Beverages
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Type
8.4.2.3.1 Health Drinks
8.4.2.3.2 Energy Drinks
8.4.2.3.3 Juices
8.4.3 Dietary Supplements
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.3.3 Breakup by Type
8.4.3.3.1 Tablets
8.4.3.3.2 Liquid
8.4.3.3.3 Powder
8.4.3.3.4 Others
8.5 Global Nutraceutical Products Market by Distribution Channel
8.5.1 Conventional Stores
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.1.3 Breakup by Type
8.5.1.3.1 Grocery Stores
8.5.1.3.2 Mass Merchandisers
8.5.1.3.3 Warehouse Clubs
8.5.1.3.4 Online Retailers
8.5.2 Speciality Stores
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.2.3 Breakup by Type
8.5.2.3.1 Bakery Stores
8.5.2.3.2 Confectionery Stores
8.5.2.3.3 Gourmet Stores
8.5.2.3.4 Health Centres
8.5.2.3.5 Cosmetic Stores
8.5.3 Drugstores and Pharmacies
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.6 Global Nutraceutical Products Market by Source
8.6.1 Proteins and Amino Acids
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Probiotics
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Phytochemicals and Plant Extracts
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Fibres and Speciality Carbohydrates
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Omega-3 Fatty Acids
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Vitamins
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Prebiotics
8.6.7.1 Historical Trend (2018-2022)
8.6.7.2 Forecast Trend (2023-2028)
8.6.8 Carotenoids
8.6.8.1 Historical Trend (2018-2022)
8.6.8.2 Forecast Trend (2023-2028)
8.6.9 Minerals
8.6.9.1 Historical Trend (2018-2022)
8.6.9.2 Forecast Trend (2023-2028)
8.6.10 Others
8.7 Global Nutraceutical Products Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Nutraceutical Products Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Nutraceutical Products Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Nutraceutical Products Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Nutraceutical Products Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Nutraceutical Products Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Conagra Brands, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 General Mills, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Nestlé S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Pfizer Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Freedom Foods Group Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Nutraceutical Products Market: Key Industry Highlights, 2018 and 2028
2. Global Nutraceutical Products Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Nutraceutical Products Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Nutraceutical Products Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Nutraceutical Products Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Nutraceutical Products Historical Market: Breakup by Source (USD Billion), 2018-2022
7. Global Nutraceutical Products Market Forecast: Breakup by Source (USD Billion), 2023-2028
8. Global Nutraceutical Products Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Nutraceutical Products Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Nutraceutical Products Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Nutraceutical Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Nutraceutical Products Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Nutraceutical Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Nutraceutical Products Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Nutraceutical Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Nutraceutical Products Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Nutraceutical Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Nutraceutical Products Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Nutraceutical Products Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Nutraceutical Products Market Structure
Key Questions Answered in the Report
In 2021, the global nutraceutical products market attained a value of nearly USD 306.72 billion.
The market is projected to grow at a CAGR of 7.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 462.89 billion by 2027.
The market is being aided by the growing awareness regarding the importance of optimal nutrition, the increasing healthcare costs, and the rising demand for nutraceutical beverages.
The industry is projected to be propelled by the increasing demand for nutraceutical snacks, the rising prevalence of indigestion, and the increasing research and development (R&D) activities, to determine the efficacy of nutraceutical products.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of nutraceutical products in the industry are food, beverages, and dietary supplements.
The significant distribution channels in the market are conventional stores, speciality stores, and drugstores and pharmacies.
The various sources of nutraceutical products are proteins and amino acids, probiotics, phytochemicals and plant extracts, fibres and speciality carbohydrates, omega-3 fatty acids, vitamins, prebiotics, carotenoids, and minerals, among others.
The major players in the industry are Conagra Brands, Inc., General Mills, Inc., Nestlé S.A., Pfizer Inc., and Freedom Foods Group Limited, among others.
Analyst Review
The global nutraceutical products market attained a value of nearly USD 306.72 billion in 2021, driven by the growing awareness regarding the importance of optimal nutrition. Aided by the increasing demand for nutraceutical snacks and the rising prevalence of indigestion, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.10%. The market is projected to reach about USD 462.89 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the nutraceutical products industry can be segmented into food, beverages, and dietary supplements. On the basis of distribution channels, the industry is divided into conventional stores, speciality stores, and drugstores and pharmacies. By source, the market is classified into proteins and amino acids, probiotics, phytochemicals and plant extracts, fibres and speciality carbohydrates, omega-3 fatty acids, vitamins, prebiotics, carotenoids, and minerals, among others. The major regional markets for nutraceutical products are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Conagra Brands, Inc., General Mills, Inc., Nestlé S.A., Pfizer Inc., and Freedom Foods Group Limited, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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