Nutraceutical Product Market Insights by Growth, Emerging Trends and Forecast by 2030

The Nutraceutical Products Market is valued at around USD 413.0 billion in 2022 and is expected to reach USD 650.5 billion by 2030, registering a CAGR of 3.9% over the forecast period.

After the COVID-19 outbreak, people are more likely to use natural nutraceuticals. Another significant element anticipated to contribute to the growth of the nutraceutical product market's revenue is a movement in consumer preference from artificial to organic products.

Strong recommendations for ingesting nutraceuticals made from plants have become more and more common in efforts to improve health and treat, prevent, and cure diseases. Plant-derived nutraceuticals and functional foods have attracted a lot of attention due to their alleged safety and potential health benefits.

Some examples of well-liked phytonutrients that are well-tolerated by people around the world include glucosamine from ginseng, epigallocatechin gallate from green tea, lycopene from tomatoes, and omega-3 fatty acids from linseed.

The sector of nutraceuticals is continually seeing technological developments. The demand for nutraceuticals is rising, necessitating faster and more efficient product development. One key to achieving the necessary pace and efficiency is the application of cutting-edge technology to decipher new formulations.

Artificial intelligence (AI) is increasingly being used in the production of nutraceutical products. Companies that produce nutraceuticals utilise AI to quickly choose ingredients by matching a large volume of data from food nutritional research. For example, AI aids in the selection of optimum nourishment that contains components that support cell health and growth.

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In addition, nutraceutical companies need quick product innovations and advancements due to rising consumer demand in order to supply newer, higher-quality nutritional supplements to clients quickly.

Effective and prompt responses from businesses that provide efficient, effective nutraceuticals tailored to the various demands of consumers aid in enhancing the reputation of the nutraceutical industry and also provide a significant increase in market income.

The Nutraceutical Products Market - Market Trends
• Consumers are now more aware of the advantages of the foods they eat thanks to growing health consciousness.

• Manufacturers are being driven to concentrate on providing nutrient-rich products in developed economies due to the rising prevalence of chronic illnesses among the growing geriatric populations, which is assisting the market expansion for nutraceutical items.

• Since the efficacy of these products varies greatly, the product life cycle of nutraceutical products has been divided into the product life cycles of the many product forms that are offered on the market.

• bars, and snacks are anticipated to be in the infancy stage, but because of their significant market appeal, they are anticipated to record the highest CAGR. The segment's expansion is being fuelled by factors like appealing labelling, competitive pricing, and availability in a variety of flavours.

The Nutraceutical Products Market - Segmentation
The Nutraceutical Products Market fragrance concentrates market has been sub-classified into products, source, distribution channel.

On the basis of products, the Nutraceutical Products Market is bifurcated into:
• Dietary supplements - Liquid, Powder, Tablets
• Functional foods
• Functional beverages- energy drinks, sports drinks, others
• others

On the basis of source, the market is segmented into:
• Probiotics
• Phytochemicals
• Proteins
• Minerals
• Vitamins
• Omega-3 fatty acids
• Fibres
• others

On the basis of distribution channel, the market is segmented into:
• Conventional stores
• Specialty stores
• Retail pharmacies
• others

The Nutraceutical Products Market - Key Market players
Global key players of Nutraceutical Products Market include Archer Daniels Midland Company, General Mills, Inc., I. du Pont de Nemours and Company, Aland (Jiangsu) Nutraceutical Co., Ltd., BASF SE, Cargill, Incorporated, Royal DSM N.V., Groupe Danone S.A., Nestle S.A., PepsiCo Inc., and others.

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Frequently Asked Questions
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This release was published on openPR.