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Global Nutraceuticals Market Share, Size, Trends, Growth, Analysis, Forecast: By Product Type: Functional Beverages, Functional Food, Dietary Supplements; By Distribution Channels: Hypermarkets and Supermarkets, Pharmacies, Online, Speciality Stores, Others; By Form: Powder, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global Nutraceuticals Market Outlook
The global nutraceuticals market size reached a value of about USD 485.78 billion in 2022. During the forecast period of 2023-2028, the market is expected to grow at a CAGR of 8.20% to attain a value of USD 779.48 billion by 2028.
Global Nutraceuticals Market Trends
Nutraceuticals are pharmaceutical alternative products that are derived from food sources. These products are made to provide health benefits and nutritional value while providing protection against chronic diseases. Nutraceuticals are also known as medical foods, phytochemicals, functional foods, and nutritional supplements.
- The increasing demand for health supplements is a major driving factor for the market. This rise in demand can be attributed to the rising preference of consumers towards organic and healthy products instead of chemical-based products.
- People are increasingly adopting nutrient-enriched foods in their daily diet. With the availability of multiple approved products in the market, the availability of various options for consumers can aid the nutraceuticals market development.
- The market value is likely to inflate during the forecast period due to the rising investments by key players in the market for the development of innovative and improved products. High investment in research and development can help manufacturers in the production process and positively impact the technology used in production.
Global Nutraceuticals Market Analysis
Based on product type, the market can be segmented into functional beverages, functional food, and dietary supplements. Based on the distribution channels, it can be bifurcated into hypermarkets and supermarkets, pharmacies, online, and speciality stores, among others.
Based on forms, the market can be divided into powder, capsule and tablets, and liquid, among others. The regional markets for the nutraceutical market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the nutraceuticals market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- General Mills Inc.
- Nestle SA
- Koninklijke DSM N.V.
- Innophos Holdings, Inc.
- W. R. Grace & C
- Others
Product Types Available in the Nutraceutical Market
The market, based on product types, can be bifurcated into functional beverages, functional food, and dietary supplements. Among these types, the functional beverage segment is expected to hold the largest market share due to the rising number of health-conscious consumers. The market is also expected to experience significant growth due to consumers shifting from sugar-heavy drinks to low-calorie and functional beverages.
Distribution Channels in the Market for Nutraceuticals
Based on distribution channels, the market divisions include hypermarkets and supermarkets, pharmacies, online, and speciality stores, among others.
The online segment is expected to lead the growth of the market due to the increasing internet network penetration and cost-effectiveness of the business. The distribution channel does not require a warehouse to be maintained by the merchants.
These marketplaces are increasing in popularity due to several factors, such as the availability of a wide variety of products, low-price offers, free shipping, and multiple offers are likely to enhance market growth.
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Competitive Landscape
General Mills Inc. is one of the leading nutraceuticals companies in the food industry. It is headquartered in Minnesota, United States, and has been operating in various fields, including food production, marketing, and consumer packaged goods. The company was founded in 1866 and since then its product portfolio has developed to include many iconic brands, such as Cheerios, Pillsbury, Betty Crocker, Nature Valley, Old El Paso, Blue Buffalo, and Häagen-Dazs, among many others.
Nestle SA is a Swiss multinational conglomerate with a focus on the food and drinks production industry. It is one of the largest publicly owned food companies. The company has been active since 1866, constantly innovating with products to introduce the market to better food, health, and nutritional health solutions.
The company has one of the widest ranges of food and beverages, including coffee, dairy, confectionary, culinary and frozen foods, ice cream, infant nutrition, healthcare nutrition, F&B solutions, and pet care.
Koninklijke DSM N.V. is a multinational corporation, headquartered in Heerlen, Netherlands. The company operates in the field of nutrition, health, and sustainable living. DSM is actively developing innovative solutions for human nutrition, animal nutrition, personal care, aroma, medical devices, green products, and mobility and connectivity.
The company’s specialization lies in sustainability, health, vitamins, animal nutrition, pharmaceuticals, aquaculture, medical nutrition, and baking ingredients.
Other market players include Innophos Holdings, Inc. and W. R. Grace & Co., among others.
Key Highlights of the Report
| 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:
|
| Breakup by Product Type |
|
| Breakup by Distribution Channels |
|
| Breakup by Form |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Nutraceuticals Market Analysis
8.1 Key Industry Highlights
8.2 Global Nutraceuticals Historical Market (2018-2022)
8.3 Global Nutraceuticals Market Forecast (2023-2028)
8.4 Global Nutraceuticals Market by Product Type
8.4.1 Functional Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Functional Food
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Dietary Supplements
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Nutraceuticals Market by Distribution Channels
8.5.1 Hypermarkets and Supermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmacies
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Online
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Speciality Stores
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Nutraceuticals Market by Form
8.6.1 Powder
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Capsule and Tablets
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Liquid
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Nutraceuticals Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Nutraceuticals Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Nutraceuticals Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Nutraceuticals Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Nutraceuticals Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Nutraceuticals Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 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 General Mills 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 Nestle SA
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 Koninklijke DSM N.V.
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 Innophos Holdings, 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 W. R. Grace & Co.
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 Nutraceuticals Market: Key Industry Highlights, 2018 and 2028
2. Global Nutraceuticals Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Nutraceuticals Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Nutraceuticals Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Nutraceuticals Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Nutraceuticals Historical Market: Breakup by Form (USD Billion), 2018-2022
7. Global Nutraceuticals Market Forecast: Breakup by Form (USD Billion), 2023-2028
8. Global Nutraceuticals Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Nutraceuticals Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Nutraceuticals Market Structure
Key Questions Answered in the Report
The global market for nutraceuticals reached a size of USD 485.78 billion in 2022.
The market is expected to grow at a CAGR of 8.20% during the period 2023-2028.
The market is expected to reach a value of USD 779.48 billion in 2028.
The market growth is driven by the growing demand for personalized health supplements and the development of improved products with protective qualities against chronic diseases.
The increasing investment in research and development for innovative products and production procedures is likely to offer new growth opportunities to the market.
The regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.
The products available in the market include functional beverages, functional food, and dietary supplements.
The distribution channels in the market include hypermarkets and supermarkets, pharmacies, online, and speciality stores, among others.
The forms of nutraceuticals available in the market include powder, capsules and tablets, and liquid, among others.
The key players in the market include General Mills Inc., Nestle SA, Koninklijke DSM N.V., Innophos Holdings, Inc., and W. R. Grace & Co., among others.
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