IMARC Group, a leading market research company, has recently released a report titled “Nutraceuticals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global nutraceuticals market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Nutraceuticals Market?
The global nutraceuticals market size reached US$ 435.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 686 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.What are Nutraceuticals?
Nutraceuticals refer to functional foods that offer several health benefits and additional nutrition to the human body. They are mostly available in dairy-based concentrates, energy drinks, confectionery fruit and vegetable juices, and snack bars. Nutraceuticals are rich in various nutrients, including zinc, vitamins, minerals, antioxidants, and calcium, which enhance the overall health of consumers. They help to delay aging, prevent chronic diseases, and improve life expectancy and metabolism. Nutraceuticals even assist in combating numerous medical ailments, such as heart disease, allergies, high cholesterol levels, hypertension, obesity, cancer, osteoporosis, diabetes, etc. Consequently, they are in extensive demand across the globe. Request For a Free PDF Sample Report: https://www.imarcgroup.com/global-nutraceuticals-market/requestsampleWhat are the Growth Prospects and Trends in the Nutraceuticals Industry?
The shifting preferences toward personalized nutrition are among the key factors driving the nutraceuticals market. In addition to this, the development of liquid capsules that help to speed up the manufacturing process and are sealed to enhance their shelf life by preventing oxidation and protecting the integrity of the ingredients is acting as another significant growth-inducing factor. Furthermore, the escalating focus of leading players on improving their production capacity through mergers and acquisitions is also positively influencing the global market. Apart from this, the emerging trend of providing personalized dietary advice by consumer-based organizations and the growing partnerships with multiple pharmaceutical companies to help personalize over the counter (OTC) supplements is further stimulating the market growth. Moreover, the elevating awareness regarding nutritional enrichment and the introduction of new products, which include powders, soft gels, and gummies that have improved safety, purity, efficacy, and disease-curing abilities, are expected to propel the nutraceuticals market over the forecasted period.Who are the Key Players Nutraceuticals Market?
- PepsiCo Inc.
- Coca Cola
- Otsuka
- Yakult Honsha
- Danone
- GlaxoSmithKline
- Cadbury
- Morinaga
- Nestle
- Kirin Brewery
What is Included in Market Segmentation?
The report has categorized the market based on product and indication.Breakup by Product:
- Personalized Foods
- Bakery Products
- Confectionery
- Dairy Products
- Oil & Fats
- Snack Bars
- Other Foods
- Personalized Beverages
- Chocolate Based FP Drinks
- Bottled Water
- Concentrates
- Energy Drinks
- Fruit Vegetable Juices
- RTD Tea
- Sports Drinks
- Others
Based on Indication:
- Digestive and Immune Health
- Energy & Alertness Health
- Heart Health
- Bone & Joint
- Cognitive Health
- Beauty Health
Regional Insights:
- United States
- Germany
- United Kingdom
- France
- Spain
- Italy
- Japan
- China
- Russia
- India
- Brazil
- Mexico
Key Highlights of The Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
