Nutraceutical Products Market to grow at a CAGR of 7.1% from 2020-2026 | Kraft Heinz Company, The Hain Celestial Group, Conagra, etc.

According to the current analysis of Reports and Data, the global nutraceutical products market was USD 253.0 Billion in 2018 and is projected to grow at a CAGR of 7.1% from 2019 to 2026. A variety of terms have appeared worldwide, such as nutraceuticals, medifoods, vitafoods, functional foods, and the more traditional dietary supplements and fortified foods.

Major vendors in the global nutraceutical products market are Kraft Heinz Company (US), The Hain Celestial Group (US), Conagra (US), General Mills (US), Kellogg's (US), Nestl (Switzerland), Nature's Bounty (US), Amway (US), Pfizer Inc. (US), and Freedom Food Group Limited (Australia). are some of the major players in nutraceuticals market. In April 2019, the Nestl Health Science entered into a strategic partnership with Amazentis (Switzerland); this would create growth opportunities for Nestl in the consumer healthcare and medical nutrition segments.

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Segments covered in the report:

Source (Revenue, USD Million; 2019-2026)
o Proteins & Amino Acids
o Probiotics
o Phytochemicals & Plant Extracts
o Fibers & Specialty Carbohydrates
o Omega-3 Fatty Acids
o Vitamins
o prebiotics
o Carotenoids
o Minerals
o Others

Products (Revenue, USD Million; 2019-2026)
o Food
o Snacks
o Confectionery
o Bakery
o Dairy
o Infant Nutrition
o Others
o Beverages
o Beverages
o Health Drinks
o Energy Drinks
o Juices
o Dairy and Dairy Alternative Beverage
o Others
o Dietary Supplements
o Vitamins
o Fatty Acids
o Minerals
o Proteins
o Botanicals
o Enzyme

Distribution Channel (Revenue, USD Million; 2019-2026)
o Conventional Stores
o Grocery Stores
o Mass Merchandisers
o Warehouse
o Online retail
o Pharmacies/Drugstores
o Specialty Stores
o Bakery Stores
o Confectionery Stores
o Gourmet Stores
o Health Centers
o Cosmetic Stores

Regional Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

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However, the term functional foods have become the predominant one even though several organizations have attempted to differentiate this emerging food category. Nutraceutical products are considered as the food or a part of food that delivers nutritional value to the diet. It is also called as a functional food that contains standardized nutrient and pharmaceutical-grade. These supplements act as source for a dietary supplement to the body through diet & works to prevent diseases. With cumulative educational level, people are becoming ready to accept diverse types of food & beverages that have added nutritional supplements. Hence with this change, nutraceutical products are gaining a traction across the world.

Globally, nutraceutical products are gaining importance and are becoming a part of the consumer's daily diet. The primary reasons for this change have been the increasing prevalence of lifestyle diseases and people consciously taking preventive healthcare measures. Growing the utilization of functional food and beverages by the baby boomer population is expected to augment nutraceutical products market growth over the forecast period. Much of the technological progress in the field of nutraceutical producers will require patience, deep pockets, and a willingness to place risky bets. Nutraceutical products manufacturing companies will need to achieve genuine breakthroughs to tackle a wide range of conditions.

Further key findings from the report suggest

o By product type, functional foods hold an outstanding share of 47.5% in 2018. The snowballing trend of on-the-go snacking and the increasing demand for nutritional food supplements are factors predictable to impel the demand for snacks products containing functional nutraceuticals.

o A complex range of regulations applies to nutraceuticals in the EU, depending on the product type. These are mainly overseen by the European Food Safety Authority (EFSA), which also evaluates claims and has a public Register of Nutrition and Health Claims. The EFSA also sets maximum and minimum levels of ingredients to be added to supplements. Between 2008 and 2011 the EFSA evaluated 2,758 food-related general health claims to see if they were supported by scientific evidence. Only around 10 percent of the claims could be substantiated...continued

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In conclusion, the Nutraceutical Products Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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