Nutraceutical Products Market Expected to Witness a Sustainable Growth: Amway, Barilla Group, Conagra, Nestlé, Arla Foods

Nutraceutical Products Market is estimated at USD 454.55 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2021-2030.

On the basis of products type, the nutraceutical products market has been further categorized into probiotics, proteins & amino acids, phytochemicals & plant extracts, fibers & specialty carbohydrates, omega-3 fatty acids, vitamins, prebiotics, carotenoids, minerals, and others (glucosamine, chondroitin, and polyols). Increasing trend of choosing high protein foods is expected to boost the market growth. Improvements in snack product quality, texture, nutritional value, and shelf life due to increased use of sources such as vitamins, minerals, proteins, dietary fiber, and fatty acids are driving the growth of the nutraceutical products market during the forecast period. According to the India Brand Equity Foundation, the Indian nutritional supplement market is expected to grow at a compound annual growth rate of 21%, reaching US$10 billion by 2022.

Nutraceuticals are food-related items that are also utilised for medical purposes. Because they are derived from food and food extracts, they are also known as bioceuticals. There are numerous Nutraceuticals products on the market that are utilised for a variety of purposes. These products are unregulated in many parts of the world because they are considered food supplements or additives. The need for Nutraceuticals products is steadily expanding. The key cause for the increase in demand for nutraceuticals is growing knowledge of the health advantages of using nutraceuticals and nutraceutical supplements.

According to a report from the American National Standards Institute, the market is large and growing rapidly. The global market, valued at US$133.1 billion in 2016, has grown tremendously and is expected to reach US$220 billion by 2021 and US$252 billion by 2025, with the largest contributor being the US, China and India. Sports supplements grew fastest (8.3%), followed by the natural remedy market (8%), herbal supplements (6.8%) and vitamins (4.6%).

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Furthermore, increasing demand for nutraceutical products in nutritional supplements industry is primarily driving the market growth. An aging population and a focus on preventive healthcare solutions are increasing the demand for nutraceutical products. Technological innovations in the production of nutraceutical products are expected to create further opportunities in the market. Furthermore, increasing partnerships between major players leading to co-branding and co-marketing between raw material manufacturers and finished product suppliers are fuelling the growth of the market.

Some of the key players operating in the global nutraceutical products market include:
• Ajinomoto CO. INC.
• Amway
• Archer Daniels Midland Company
• Arla Foods
• Associated British Foods plc
• Barilla Group
• BASF SE
• Cargill, Incorporated
• Chr. Hansen Holding A/S
• Conagra
• DuPont de Nemours, Inc.
• Fonterra Co-operative Group Limited
• Freedom Food Group Limited
• General Mills
• Glanbia PLC
• Ingredion Incorporated
• Kellogg's
• Kerry Inc.
• Koninklijke DSM N.V.
• Kraft Heinz Company
• Nestlé
• Pfizer Inc.
• Tate & Lyle PLC
• The Hain Celestial Group
• Other Players

Segments
By Source
• Probiotics
• Proteins & amino acids
• Phytochemicals & plant extracts
• Fibers & Specialty carbohydrates
• Omega-3 fatty acids
• Vitamins
• Prebiotics
• Carotenoids
• Minerals
• Others (Glucosamine, chondroitin, and polyols)

By Type
• Food
o Snacks
o Confectionery products
o Bakery products
o Dairy products
o Infant products
o Others

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt

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Study Objectives of this Report:
• To study and analyze the global market size (value and volume) by company, key regions/countries, products and application, history data from 2018 to 2022, and forecast to 2032.
• To understand the structure of market by identifying its various sub segments.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the with respect to individual growth trends, future prospects, and their contribution to the total market.
• To project the value and volume of submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

Some Important Points Answered in this Market Report Are Given Below:
• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter's five forces Analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period

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