Nutraceutical Market Size And Forecast
The Global Nutraceutical Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Nutraceutical Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
Nutraceutical Market was valued at USD 3716.8 Billion in 2019 and is projected to reach USD 728.5 Billion by 2027, growing at a CAGR of 8.6% from 2020 to 2027.
What is Nutraceutical?
Nutraceutical is food or product derived from food that provides medicinal or extra health benefits to the primary nutritional value available in the foods, together with anticipation and treatment of disease. “Nutraceutical” is combination of “nutrient” (a nourishing food component) and “pharmaceutical” (a medical drug). Nutraceuticals are essential products of the modern world. Nutraceuticals are flexible in nature as they can be used in various industries such as animal feed additives, pharmaceutical food & beverages, and personal care.
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Global Nutraceutical Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Nutraceuticals have wide applications in various industries. Awareness about health is rising among consumers from all age groups of both developing and developed economies. Functional foods and beverages demands are increasing as a substitute to costly medical treatments, these are the major factors expected to drive the global nutraceuticals market. In addition to this Cosmeceutical, a personal care product which holds skin care properties and contains nutraceuticals such as vitamins and antioxidants is expected to create new opportunities for the global nutraceuticals market. However, demands are not matching the supply, strict government rules and regulations, high R&D cost are expected to restrict the growth of the global nutraceuticals market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Nutraceutical Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Nutraceutical Market Competitive Landscape
The “Global Nutraceutical Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cargill, Archer Daniels Midland Company, BASF SE, Tate & Lyle, Omega Protein Corporation, Amway Corporation, Ajinomoto, Nestle S.A, PepsiCo Inc. and General Mills, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Nutraceutical Market, By Product
• Dietary Supplements
o Vitamins
o Minerals
o Proteins & Peptides
o Herbals
o Others
• Functional Food
o Probiotics Fortified Food
o Dietary fibers
o Omega Fatty Acid Fortified Food
o Branded Ionized Salt
o Branded Wheat Flour
o Others
• Functional Beverages
o Fruit & Vegetable Juices and Drinks
o Energy Drinks
o Dairy & Dairy Alternative Drinks
o Noncarbonated Drinks (Bottled Water, Tea, and Coffee)
o Other (Herbal Tea, Sports Drinks)
Nutraceutical Market, By Form
• Capsules, Tablets, & Soft gels
• Powder
• Liquid
Nutraceutical Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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