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Nutraceuticals Market Analysis and Forecast Industry Trends, Market Segments, Landscape, Key Players Analysis - 2025
Market SynopsisAccording to Market Research Future (MRFR), Global Nutraceuticals Market is projected to acquire substantial valuation of USD 407,650.0 while expanding at a CAGR of 7.3% by 2025.
Nutraceuticals are expected to gain popularity owing to the rising health consciousness among people, which is likely to boost the global nutraceuticals market 2020. Rise in the geriatric population, changing lifestyle, and increasing healthcare costs are projected to significantly foster the market growth. Further, the surging application of nutraceutical ingredients in industries such as food and beverage, pharmaceuticals, and animal nutrition are predicted to boost the market during the review period. In addition, the COVID-19 outbreak is anticipated to enhance the demand exponentially owing to its ability to amplify the immunity system.
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Key Players
The prominent players of the Global Nutraceuticals Industry are Glanbia Plc (Ireland), Perrigo Company plc (Ireland), GlaxoSmithKline plc (U.K.), Danone S.A. (U.S.), Abbott Laboratories (U.S.), BACTOLAC Pharmaceutical Inc (U.S.), DAFLORN Ltd (Bulgaria), Yakult Honsha Co., Ltd (Japan), Meiji Holdings Co., Ltd (Japan), E.I.D. - Parry (India) Limited (India).
Market Segmentation
The segment evaluation of the Global Nutraceuticals Industry is done by source, type, distribution channel, and form.
The source-based segments of the global nutraceuticals market are animal, the plant, and microbial. Among all segments, the plant segment is projected to acquire the largest market share during the review period.
The type-based segments of Nutraceuticals Industry are probiotics, omega fatty acids, vitamins & minerals, proteins & peptides, and others. Among all segments, the vitamins & minerals segment is predicted to acquire the largest market share.
The distribution channel-based segments of the global nutraceuticals market are store-based and non-store-based.
Regional Analysis
Based on the region, Nutraceuticals Industry is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
Europe is predicted to acquire a significant amount of market share during the forecast period owing to the increased demand for nutraceuticals in the region. The growing health concern is projected to be one of the most crucial factors developing the regional market.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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