Press release
Nutraceuticals Market to Witness Prominent Growth by 2028 Owing to the Rising Demand for Dietary Supplements and Strategic Alliances among Market Players
Nutraceuticals Market
As per the newly published report by Research Dive, the global nutraceuticals market is anticipated to grow at a stunning CAGR of 7.60%, thereby garnering a revenue of $516.5 billion in the 2021-2028 timeframe.
Request Sample Report @https://www.researchdive.com/download-sample/4665
Dynamics of the Market
Drivers: A growing trend is being witnessed over the years wherein there has been an increase in demand for dietary supplements like vitamins, minerals, omega-3 fatty acids, etc. This growing demand for dietary supplements is expected to boost the nutraceuticals market in the 2021-2028 timeframe. Along with this, there is a growth in the prevalence of functional foods expected to increase the market's growth in the forecast timeframe.
Opportunities: Strategic alliances between the leading market players in the nutraceuticals market is expected to offer huge growth opportunities to the market in the analysis timeframe. Additionally, the increase in demand for dietary supplements is expected to boost the market even more.
Restraints: High investment cost with respect to research and development of nutraceuticals is however expected to become a restraint in the growth of the nutraceuticals market.
Impact of COVID-19 on the Market
The COVID-19 pandemic and the subsequent lockdowns across the globe has severely impacted various industries, mainly due to virtual stoppage of manufacturing processes and disruptions in global supply chains. However, the nutraceuticals market has proved to be one of the few exceptions. The pandemic, in a way, increased the awareness among people with respect to importance of dietary supplements to boost immunity. This growing awareness has helped in boosting the demand for nutraceuticals which has, in turn, helped in increasing the growth rate of the market despite the pandemic situation.
Request Customization @https://www.researchdive.com/request-for-customization/4665
Segments of the Market
The report has divided the market into certain segments based on product, distribution channel, and region.
By product, the functional foods sub-segment is expected to be the fastest growing sub-segment and hold the most dominant market share during the forecast period. It is expected to register a revenue of $225.4 billion by 2028. Technological advancements and medical innovations like nanoencapsulation and bioencapsulation are expected to boost the demand for functional foods. This rising demand is expected to be the prime factor behind the growth of this sub-segment.
By distribution channel, the supermarket & hypermarket sub-segment of the nutraceuticals market is expected to have the largest market share and garner $233.5 billion by 2028. Over the years, supermarkets and hypermarkets are increasingly being preferred due to the wide range of products they feature, which provides customers with a choice of selection. This is predicted to boost this sub-segment in the coming years.
By region, the Asia-Pacific nutraceuticals market is anticipated to be the most dominant sub-segment by registering a revenue of $203.5 billion by 2028. This high growth rate of the market in Asia-Pacific region is attributed to the growth in demand for functional foods owing to the increasing young population and athletes in various countries of this region.
Purchase Enquiry @https://www.researchdive.com/purchase-enquiry/4665
Prominent Market Players
Some of the key players in the nutraceuticals market are Amway Corporation, BASF SE, Koninklijke DSM N.V., Archer Daniels Midland Company, Nestle S.A., Cargill, Inc., DuPont de Nemours, Inc., Danone, PepsiCo, Inc, and General Mills Inc., among others. These key players are devising new technologies and smart innovations to gain a prominent position in the global market.
Finally, the report also summarizes many crucial aspects of the nutraceuticals market including SWOT analysis, latest strategic developments, product portfolio, and financial performance of the key players.
Latest Reports in Food and Beverages Industry
Nutritional Food and Drink Market - https://www.researchdive.com/9179/nutritional-food-and-drink-market
Dairy Alternatives Market - https://www.researchdive.com/4006/dairy-alternatives-market
Functional Ingredients Market - https://www.researchdive.com/4103/functional-ingredients-market
๐๐จ๐ง๐ญ๐๐๐ญ:
Mr. Abhishek Paliwal
Research Dive
30 Wall St. 8th Floor, New York NY 10005
(P) +91-(788)-802-9103 (India)
Toll Free: 1-888-961-4454
E-mail: support@researchdive.com
Website: https://www.researchdive.com
๐๐๐จ๐ฎ๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ข๐ฏ๐:
Research Dive is a market research firm offering actionable insights and extensive analysis of various markets across different verticals. Maintaining the integrity and authenticity of the services, the firm provides services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, a team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive delivers the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Nutraceuticals Market to Witness Prominent Growth by 2028 Owing to the Rising Demand for Dietary Supplements and Strategic Alliances among Market Players here
News-ID: 3628925 • Views: โฆ
More Releases from Research Dive
Electronic Data Management Market Expected to Rise Progressively by 2031 Due to โฆ
The global electronic data management market is expected to witness significant growth by 2031, owing to the rising applications of electronic data management in the industrial sector. The North America region was the most dominant in 2021.
As per the report published by Research Dive, the global electronic data management market is projected to garner a revenue of $19,289.5 million and rise at a stunning CAGR of 12.2 % duringโฆ
Gastric Cancer Market Predicted to Make a Strong Comeback after the Pandemic Deb โฆ
The global gastric cancer market is predicted to observe significant growth by 2031, owing to the increasing pervasiveness of gastric cancer among people worldwide. The Asia-Pacific region generated the highest market share in 2021.
As per the report published by Research Dive, the global gastric cancer market is envisioned to garner a revenue of $10,737.00 million and grow at a fascinating CAGR of 17.9% over the estimated timeframe fromโฆ
Off Grid Solar Market to Exhibit 12.3% CAGR and Generate $5,825.80 Million by 20 โฆ
As per the report published by Research Dive, the global off grid solar market is predicted to generate a revenue of $5,825.80 million and grow at a stunning CAGR of 12.3% during the analysis timeframe from 2022 to 2031.
The global off grid solar market is predicted to witness prominent growth by 2031, owing to the increasing demand for electricity independence across the globe. The Asia-Pacific region garneredโฆ
Roofing Materials Market to Garner a Revenue of $186.7 Billion and Exhibit a 4.3 โฆ
As per the report published by Research Dive, the global roofing materials market is expected to register a revenue of $186.7 billion by 2031, at a CAGR of 4.3% during the forecast period 2022-2031.
The global roofing materials market is expected to grow primarily due to the growing need for waterproofing roofing materials. Re-roofing sub-segment is expected to flourish immensely. The Asia-Pacific region is predicted to grow at a highโฆ
More Releases for Nutraceuticals
Nutraceuticals - An Ultimate PDF Guide
Consumers in developed and some developing countries are highly attracted to functional products, mainly on account of the added health and wellness benefits. Nutraceuticals are associated with various medicinal and health benefits, such as to improve the function of the immune system, boost gut health, and others. Rising healthcare costs, coupled with the increasing geriatric population across the world, propels the adoption of various nutraceuticals such as dietary supplements, functionalโฆ
Marine Nutraceuticals Market - Unveiling the Path to Optimal Wellbeing: Transfor โฆ
Newark, New Castle, USA - Growth Plus Reports has published a new report on Marine Nutraceuticals Market, which includes a detailed analysis based on competitors and important market segments (2023-2031). The Global Marine Nutraceuticals provides a thorough analysis of many segments such as opportunities, market size, developments, innovation, sales, and overall growth of leading players. The research is based on primary and secondary statistical data, and it includes both intuitiveโฆ
Top Nutraceuticals Manufacturing Companies | Global Nutraceuticals Industry - Ke โฆ
Driven by the Increasing Old Age Population and Rising Demand for Fortified Food Products, the Global Nutraceuticals Market is forecasted to Cross US$ 500 Bn by 2028 says Ken Research Study.
Nutraceutical is a broad term used to describe products derived from food sources that provide additional health benefits in addition to the basic nutritional value found in food. These products can be classified based on the natural source, the pharmacologicalโฆ
Future Trend & Forecast of Nutraceuticals
Nutraceuticals Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis. It alsoโฆ
Nutraceuticals Market Insights, 2017-2025
The U.S. market for nutraceuticals is competitive in nature and is likely to witness a significant rise in the level of competition throughout the forecast period, states a new market intelligence study by Transparency Market Research. The rising number of collaborations and mergers and acquisitions is projected to enhance the competitive environment of the overall market in the next few years. In addition to this, the expansion of the productโฆ
3rd International Conference on Nutraceuticals
International Conference on Nutracueticals going to be held through online. International Conference on Nutraceuticals aims to bring together leading academic scientists, researchers and research scholars to exchange and share their experiences and research results on all aspects of Nutrition and Nutraceuticals. It also provides a premier interdisciplinary platform for researchers, practitioners and educators to present and discuss the most recent innovations, trends, and concerns as well as practical challenges encounteredโฆ
