Nutraceuticals Market Is Likely To Experience Huge Surge In Demand And Revenue By 2031

The global nutraceutical market size is expected to grow from $341.14 billion in 2021 to $370.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.75%. The growth in the market is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global nutraceuticals market size is expected to reach $531.55 billion in 2026 at a CAGR of 9.41%.

The Business Research Company offers the Nutraceuticals Global Market Report 2022 in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

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The nutraceutical market consists of sales of nutraceutical products by entities (organizations, sole traders, and partnerships) that are classified as food, but they are also used for medical purposes. Nutraceuticals are specially designed consumable products from various food sources that contain a high concentration of bioactive compounds that have several nutritional, health, and medicinal benefits. Nutraceutical products and supplements can be taken by an individual along with a normal daily diet to get additional nutrients to promote good health and wellbeing. Nutraceutical products are used to improve health, prevent chronic diseases, increase life expectancy, and support the physical and mental health of an individual. They are also proven to have a potentially positive effect on health conditions like cardiovascular disease, hypertension, diabetes, inflammation, cancer, and others.

Some key nutraceutical market players are Cargill Incorporated., Abbott, ADM, BASF SE, Nestle, PepsiCo, General Mills, DuPont, DSM, Herbalife International of America Inc, Kellogg Co., Amway Corp., Innophos, W. R. Grace & Co.-Conn., and Bactolac Pharmaceutical Inc.

The countries covered in the global nutraceutical market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.

The regions covered in the global nutraceutical market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Nutraceutical Market Segmentation:

By Type
1. Vitamins and Minerals
2. Probiotics
3. Proteins and Peptides
4. Omega Fatty Acids

By Source
1. Plant
2. Animal
3. Microbial

By Application
1. Functional Food
2. Functional Beverages
3. Dietary Supplements
4. Personal Care
5. Animal Nutrition

By Product Form
1. Capsules, Tablets
2. Softgels
3. Powder
4. Liquid

By Distribution Channel
1. Specialty Stores
2. Supermarkets/Hypermarkets
3. Convenience Stores
4. Drug Stores/Pharmacies
5. Online Retail Stores

See more on the report at https://www.thebusinessresearchcompany.com/report/nutraceuticals-global-market-report

The Report's Table Of Contents includes
1. Executive Summary
2. Nutraceuticals Market Characteristics
3. Nutraceuticals Market Trends And Strategies
4. Impact Of COVID-19 On Nutraceuticals
5. Nutraceuticals Market Size And Growth
……
26. Africa Nutraceuticals Market
27. Nutraceuticals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nutraceuticals Market
29. Nutraceuticals Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the nutraceutical market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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