Nutraceutical Market Growth: Trends & Future Prospects To Reach US$ 684.2Bn By 2031 | Most Leading Companies - Danone S.A., Glanbia plc, Nestle S.A., Bayer AG, Abbott Nutrition, GNC Holdings, LLC

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 Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Nutraceuticals are bioactive compounds derived from food sources that provide health benefits beyond basic nutrition, including disease prevention and overall wellness enhancement. These include functional foods, and herbal extracts.

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.

Industry Development:

In September 2024, Floré introduced a probiotic line designed for neurodiversity, including Pathways Support and Mood Support, specifically formulated for individuals with Autism Spectrum Disorder (ASD). Developed in collaboration with Arizona State University, these products were based on a clinical study demonstrating significant improvements in gastrointestinal health and cognitive function among ASD participants after three months of use.

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

Also in June 2024, RSSL launched a testing service aimed at supporting clients across R&D, manufacturing, and supply chain operations. This service ensures high-quality results with fast turnaround times, offering solutions such as nutrition analysis, novel ingredient evaluation, and regulatory compliance support.

Growth Forecast Projected:

The Global Nutraceuticals Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

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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 Analysis for Nutraceuticals Market:

The regional analysis of the Nutraceuticals Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Nutraceuticals market?

➠ Who are the leading manufacturers in the global Nutraceuticals industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Nutraceuticals industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Nutraceuticals market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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