Nutraceutical Market Report Providing Detailed Information of Latest Market Figures And Key Players | DuPont, Nestle, Danone, DSM, General Mills Inc

Report Ocean releases its latest report on the global Nutraceutical market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Nutraceutical market.

Global Nutraceutical Market Overview

Nutraceutical is defined as any substance that may be a food or part of a food that helps prevent diseases besides offering nutritional benefits. Nutraceuticals are a good and healthy way to reduce expensive medical treatments. The nutraceutical industry is bifurcated into three main segments—functional food, dietary supplements, and herbal/natural products. In the past few years, functional foods have gained popularity within the health and wellness segment.

Functional foods contain high nutritious value and are associated with several powerful health benefits. The concept began in Japan in the 1980s when government officials began approving foods with established health benefits in an attempt to improve the health of the general public. Foods supplemented with vitamins, probiotics, minerals, and fiber are some examples.

The dietary supplement holds the largest share in the nutraceutical market, followed by functional food and herbal/natural products.Over the next few years, an increase in awareness for nutritional enrichment among working professionals in the United States and Canada for ensuring balanced nutrition in the human body is expected to increase dietary supplement intake in North America. Also, the growing adoption of herbal medicines among individuals in the U.S. and Canada on account of rising concerns over perilous effects associated with conventional pharma drugs is expected to expand the nutraceuticals market over the forecast period.

The global nutraceutical market reached USD 410.20 billion in 2020 and is further projected to reach USD 712.63 billion by 2027, growing at a CAGR of 8.28% during 2021-2027 (forecast period).

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Growth Drivers

Busy Lifestyle is Driving the Market Growth of Nutraceutical

Busy lifestyles in developing and emerging regions will have a positive impact on the nutraceutical market's growth. According to a recent study, up to 4% of global diseases are associated with unhealthy diets due to a busy lifestyle. With the exponential growth of the working population,people’s lifestyles are getting more hectic globally. It is predicted that the incidence of diseases caused by bad dietary habits will increase significantly due to busy lifestyles and unbalanced diets.

Developed markets in the United States and Europe are now discovering the untapped segment of customized products based on consumer health. It has been reported that nine out of ten adults consume 55% of minerals and over 50% of vitamins in their daily diets which reveals that this market has lots of opportunities. This is likely to boost research and development activities for developing new nutraceutical products as the demand for the same is rising among the consumers.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Nutraceutical Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Nutraceutical Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Nutraceutical Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Nutraceutical Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Nutraceutical Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Nutraceutical Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Nutraceutical Market provides insight into the factors influencing its growth. This market study breaks down the Nutraceutical Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Nutraceutical Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Nutraceutical Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Nutraceutical Market are:

Cargill Incorporated, ADM, DuPont, Nestle, Danone, DSM, General Mills Inc., Kellogg’s Company, Herbalife International of America, Inc., Matsun Nutrition.

Scope of the Report

The global Nutraceutical Market segmentation focuses on:

By Product Type:

Ø  Functional Food

o    Cereal

o    Bakery and Confectionary

o    Dairy

o    Snack

Ø  Functional Beverage

o    Energy Drink

o    Sports Drink

o    Fortified Juice

o    Dairy and Dairy Alternative Beverage

Ø  Dietary Supplements

o    Vitamins

o    Minerals

o    Botanicals

o    Enzyme

o    Fatty Acids

o    Proteins

By Distribution Channel:

Ø  Specialty Stores

Ø  Department Stores

Ø  Supermarkets

Ø  Superstores

Ø  Hypermarkets

Ø  Door-to-Door selling

Ø  E-commerce Sites

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This release was published on openPR.