The global nutraceuticals market size is expected to be worth around US$ 830,426.3 million by 2030, according to a new report by Vision Research Reports.
The global nutraceuticals market size was valued at US$ 420.66 billion in 2020 and is anticipated to grow at a CAGR of 10.9% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 830,426.3 million by 2030 |
| Growth Rate | CAGR of 10.9% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Dietary Supplements, Functional Food, Functional Beverages |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Cargill, Inc.; Archer Daniels Midland Company; DuPont; Nestle S.A.; Danone; Royal DSM N.V.; General Mills; Innophos; WR Grace; Amway Corp.; AOR Canada; Arkopharma Laboratories S.A.; Bactolac Pharmaceuticals, Inc.; E.I.D Parry Ltd.; Valensa International; Matsun Nutrition; Mead Johnson Nutrition Company; Natrol, Inc.; The Hain Celestial Group, Inc.; Herbalife Ltd. |
Growth Factors
Rising awareness regarding calorie reduction and weight loss in countries, including U.S., China, and India, is expected to promote the application of nutraceuticals, which, in turn, will have a substantial impact on the industry growth.
Growing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in costs on pharmaceuticals are anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.
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Key Players
Market Segmentation
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In this study, the years considered to estimate the market size of Nutraceuticals are as follows:
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– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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