Nutraceuticals Market Is Expected To Reach $ 684.2 Billion By 2031 - Danone S.A., Glanbia plc, Nestle S.A., Bayer AG, Abbott Nutrition

The Nutraceuticals Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Nutraceuticals market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global Nutraceuticals Market reached US$ 443.1 billion in 2023 and is expected to reach US$ 684.2 billion by 2031, growing with a CAGR of 5.58% during the forecast period 2024-2031.

Nutraceuticals are food or food-derived products that provide health benefits beyond basic nutrition. These products, which include functional foods, and fortified foods, are intended to promote health, prevent chronic diseases, and support overall well-being. Nutraceuticals may contain vitamins, minerals, antioxidants, probiotics, herbal extracts, and other bioactive compounds. They are often marketed as supplements or in food forms such as beverages, capsules, powders, and snacks.

Key Developments:

❁ In September 2024, Floré unveiled a probiotic line aimed at supporting neurodiversity, featuring products for pathways support and mood support, specifically formulated for individuals with autism spectrum disorder (ASD). These products, developed in partnership with Arizona State University, are based on a clinical study that demonstrated notable improvements in gastrointestinal discomfort and cognitive function in ASD participants after three months of use.

❁ In June 2024, Steadfast Nutrition introduced three new supplements: Whey Protein, LIV Raw, and a vegetarian Multivitamin mega pack with 180 tablets. These products are designed to meet the protein and nutritional needs of health-conscious individuals and athletes. The launch occurred at the International Health Sports and Fitness Festival (IHFF), Asia's largest health and fitness event.

❁ In June 2024, RSSL launched a new testing service to assist clients in R&D, manufacturing, and supply chain management. The service provides reliable turnaround times and high-quality results, including nutrition testing, novel ingredient evaluation, and regulatory support to meet the diverse needs of clients efficiently.

List of the Key Players in the Nutraceuticals Market:

Danone S.A., Glanbia plc, Nestle S.A., Bayer AG, Abbott Nutrition, GNC Holdings, LLC, Garden of Life, NOW Foods, Kellanova and Parry Nutraceuticals Limited.

Research Process:

Both primary and secondary data sources have been used in the global Nutraceuticals Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Nutraceuticals Market:

By Type: Herbals, Proteins & Peptides, Vitamins & Minerals, Prebiotics and Probiotics, Others (Fatty Acids and Fiber)

By Product : Functional Food, Functional Beverages, Personal Care

By Source: Plant-Based, Animal-Based, Microbial

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Drug Stores/Pharmacies, Online Retail Stores, Other

By Application: Health and Wellness, Sports Nutrition, Clinical Nutrition

Regional Breakout:

The global Nutraceuticals Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Nutraceuticals manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Nutraceuticals in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Nutraceuticals market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Nutraceuticals market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Nutraceuticals market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Nutraceuticals market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Nutraceuticals market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Nutraceuticals market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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