The latest report by IMARC Group, titled “Nutraceuticals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global nutraceuticals market is expected to exhibit a CAGR of 8.1% during 2022-2027. Nutraceuticals are supplementary products that provide nutrition and health advantages to the human body. They are produced from fortified nutrients such as CoQ10, taurine, omega-3, antioxidants, calcium, and zinc. They are known to have physiological benefits that protect against chronic diseases, improve health, and increase life expectancy. As a result, nutraceuticals are added to cereals, bakery and confectionery, dairy, snacks, sports drinks, energy drinks, fortified juice, and other functional beverages. They are also commonly available in specialty stores, supermarkets, convenience stores, as well as online retail stores.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Nutraceuticals Market Trends:
The market is primarily driven by the increasing demand for dietary supplements and functional foods. In addition, the rising healthcare costs and the growing geriatric population across the globe are also propelling the demand for nutraceuticals. Moreover, with the recent outbreak of coronavirus disease (COVID-19) pandemic, consumers are shifting toward dietary supplements, like nutraceuticals that contain safer, natural and healthier ingredients to boost their immunity. Besides this, the increasing prevalence of cardiovascular diseases and malnutrition, and the growing health concerns, which have resulted in a better understanding of fitness, are also significantly influencing the market growth. Furthermore, manufacturers are developing personalized nutrition products that are better suited to the individual health and nutritional requirements of the consumers. These factors are expected to provide a positive impact on the market.
- Based on the product, the market has been segmented into personalized foods (bakery products, confectionery, dairy products, oil and fats, snack bars, and other foods) and personalized beverages (chocolate-based FP drinks, bottled water, concentrates, energy drinks, fruit vegetable juices, RTD tea, sports drinks, and others).
- The market has been segregated on the basis of the indication into digestive and immune, energy and alertness, heart, bone and joint, cognitive, and beauty health. At present, products for enhancing digestive and immune health dominate the market.
- Region-wise, the United States holds the leading position in the market. Other major regions include Germany, France, Spain, Italy, China, Mexico, Japan, India, Brazil, and the United Kingdom.
- The competitive landscape of the market has been examined, with some of the key players being PepsiCo Inc., The Coca Cola Company, Otsuka Pharmaceuticals Co. Limited, Yakult Honsha Co. Limited, Danone S.A., GlaxoSmithKline plc., Cadbury (Mondelez International), Morinaga Milk Industries Co. Limited, Nestlé S.A., and Kirin Brewery Company Limited
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Tel No:(D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800