Press release
Nutraceuticals Market Poised for Remarkable Growth, set to Reach USD 976.74 Billion by 2032 with a CAGR of 9.95%
Nutraceuticals Market
Factors such as the increasing personalization in nutritional diet and the increasing investment in R&D activities are expected to propel the demand for the product in the forthcoming years. For instance, in July 2019, General Mills announced its collaboration with GoodBelly to produce and distribute lactose-free yogurts and a probiotic-based cereal to cater to the growing demand from consumers. Therefore, the increasing focus on personalization of nutrition has propelled the companies to introduce healthy food products worldwide.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/nutraceuticals-market-102530
๐๐ข๐ฌ๐ญ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ซ ๐๐ฎ๐ญ๐ซ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ๐ฌ:
โข Herbalife Nutrition Ltd. (California, United States)
โข Archer Daniels Midland Company (Illinois, United States)
โข General Mills (Minnesota, United States)
โข PepsiCo Inc. (New York, United States)
โข BASF SE (Mannheim, Germany)
โข Abbott (Illinois, United States)
โข Amway (Michigan, United States)
โข Glanbia Plc. (Ireland)
โข Danone S.A. (Paris, France)
โข Nestle S.A. (Vevey, Switzerland)
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
Based on product type, the market is trifurcated into functional foods, and functional beverages.
โข On the basis of product type, the segment held a global nutraceuticals market share of about 19.12% in terms of revenue in 2020 and is likely to experience considerable growth. This is due to the several companies focusing on expanding their production facilities to cater to the growing consumer demand.
Based on the distribution channel, the market is categorized into hypermarkets/supermarkets, convenience stores, online retail, and others. Lastly, on the basis of region, the market is segregated into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa.
๐๐ก๐๐ญ ๐๐จ๐๐ฌ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ง๐๐ฅ๐ฎ๐๐?
The global market for nutraceuticals report includes in-depth analysis of the market and focuses on crucial aspects such as materials, leading companies, applications, and products. Also, the report offers insights into latest trends and highlights key industry developments. The report further includes historical data & forecasts revenue growth at global, regional, and country levels and analyzes the industry's latest dynamics and opportunities that will impact the market growth between 2021 and 2028.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/nutraceuticals-market-102530
๐๐๐๐๐๐๐ ๐ ๐๐๐๐๐๐
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ ๐๐ฏ๐จ๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก
In January 2020, Archer Daniels Midland Company announced the acquisition of Yerbalatina Phytoactives, a leading manufacturer of natural plant-based extracts and ingredients. The company with its investment aims to strengthen its position in the market. Similarly, several companies are focusing on investing in R&D activities to develop and introduce health-benefiting food products to cater to the growing demand for nutritious products worldwide. Moreover, the development of natural food products devoid of any harmful substances will boost the global nutraceuticals market growth in the forthcoming years.
๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐
๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐ญ๐จ ๐๐๐ฆ๐๐ข๐ง ๐๐ญ ๐ ๐จ๐ซ๐๐๐ซ๐จ๐ง๐ญ; ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐ ๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐ ๐จ๐จ๐๐ฌ ๐ญ๐จ ๐๐ง๐๐ซ๐๐๐ฌ๐ ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
Among all the regions, Asia-Pacific is expected to remain dominant and hold the highest position in the market during the forecast period. The dominance is attributable to the presence of a large population and the improving living standards in countries such as India, Japan, and South Korea, among others that will boost the demand for nutraceuticals in the region. Moreover, the region stood at USD 124.70 billion in 2020.
The market in North America is expected to hold the second position in the market backed by the increasing demand for plant-based nutritional products and the growing demand for functional food in countries such as the U.S. between 2021 and 2028.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/nutraceuticals-market-102530
๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐
Merger and Acquisition between Major Companies to Brighten their Market Prospects
The global market comprises small, medium, and large companies that are striving to maintain a stronghold. The large companies are focusing to expand their nutraceuticals portfolio by acquiring other small companies. Moreover, other key players are adopting strategies such as facility expansion, partnership, and collaboration to gain a competitive edge over their rivals that will favor the market growth in the forthcoming years.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
โข ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐๐๐ -Nuliv Science introduced a new compound, Senactiv that helps to promote muscle energy and regeneration.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฐ๐ฌ:
Nutraceutical Ingredients Market: https://www.fortunebusinessinsights.com/nutraceutical-ingredients-market-102282
Probiotics Market: https://www.fortunebusinessinsights.com/industry-reports/probiotics-market-100083
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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