Nutraceuticals Market 2020 Size, Growth Analysis Report, Forecast to 2026

The global nutraceuticals market is projected to grow at a CAGR of over 8% during the forecast period. Nutraceutical food possesses a medicinal effect on the human body and includes a variety of foods such as dietary supplements, pro- and prebiotics, medical foods, and herbal products. The key factors that drive the growth of the global nutraceuticals market include the shift towards preventive therapies and increasing disposable income. Nutraceutical foods also aid in the prevention of cardiovascular diseases. Several nutraceuticals that are used in cardiovascular diseases includes N-acetylcysteine, creatine, carnitine, glutathione, beta-sitosterol selenium, resveratrol, and flavonoids among many others.

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Further, changing lifestyles, increasing healthcare costs, and growing geriatric population, are some other factors that drive the overall growth of the global nutraceuticals market. Government initiatives and laws such as Dietary Supplement Health and Education Act (DSHEA), Food Safety and Standard Rule and Regulations also encourages the adoption of a healthy diet, which, in turn flourishes the growth of the market.

However, the factors that limit the growth of the market include unawareness and lack of availability in some developing and under-developed countries. Nevertheless, key developments in terms of product innovation and portfolio expansion are some of the activities that are adopted by the players, which in turn, create ample opportunities for the market growth during the forecast period.

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Global Nutraceuticals Market Segmentation

By Product Type

·        Functional Food

·        Functional Beverage

·        Dietary Supplements

 By Distribution Channel

·        Retail & Super Markets

·        Online Platform

Regional Analysis

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of The World

·                  Latin America 

·                  Middle East & Africa

Company Profiles

·        Abbott Laboratories Inc. (Abbott Nutrition)

·        AJE Group

·        Amway Corp.

·        Archer Daniels Midland Co.

·        Arkopharma Laboratories SA

·        Bactolac Pharmaceuticals, Inc.

·        BASF SE (BASF Nutrition)

·        Cargill, Inc.

·        Danone SA

·        DuPont de Nemours, Inc. 

·        E.I.D Parry Ltd.

·        General Mills Inc.

·        Herbalife Ltd.

·        Innophos Inc.

·        Matsun Nutrition

·        Mead Johnson & Co. LLC

·        Natrol LLC

·        Nestle SA

·        PepsiCo Inc.

·        Koninklijke DSM NV

·        The Hain Celestial Group, Inc.

·        The Kraft Heinz Co.

·        Valensa International

·        WR Grace & Co.

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