According to Markntel Advisors Report, Nutraceuticals Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Nutraceuticals are fortified food supplements that promote life expectancy, delay the aging process, and prevent chronic diseases, alongside providing basic nutrients to people. A nutraceutical comprises diverse nutrient-rich or medicinally active food that includes garlic or soybean. It may also be a specific food component, like omega-3 fish oil derived from salmon & other cold-water fishes.
Global Nutraceuticals Market Research Report & Summary:
The Global Nutraceuticals Market size was valued at around USD 485 billion in 2024 and is projected to reach USD 885 billion by 2030. The market is also estimated to grow at a CAGR of around 7.2% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
· Historical Years: 2020-2023
· Base Years: 2024
· Forecast Years: 2025-2030
Who are the Key Players Operating in the Nutraceuticals Market?
The top companies of the Nutraceuticals Market ruling the industry are:
Bayer AG, Vitabiotics Ltd., BASF SE, Torrent Pharmaceuticals Ltd., General Mills Inc., Natrol Inc., dsm-firmenich Nutritional Products AG, Nestlé S.A., Bactolac Pharmaceutical Inc., GlaxoSmithKline plc., Bionova Life Sciences, Pfizer Inc., Amway Corp., Danone S.A., Herbalife Nutrition Ltd., others
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What is Included in Nutraceuticals Market Segmentation?
The Nutraceuticals Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Product Type
-Dietary Supplements
-Proteins & Peptides
-Vitamins
-Minerals
-Botanicals & Herbals (Ayurveda Extracts, Plant Extracts, Algal Extracts, And Phytochemicals)
-Fibre & Specialty Carbohydrates
-Omega Fatty Acids & Others
-By Source
-Plant
-Animal
-Microbial
-By Form
-Tablets & Capsules
-Gummies & Soft Gels
-Powder & Liquid
-By Sales Channel
-Offline Store-Based
-Supermarkets & Hypermarkets
-Specialty Stores
-Online
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia Pacific
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Global Nutraceuticals Market Driver:
Inclination Towards Customized Nutraceuticals – Customization & personalization of nutraceuticals is quickly gaining popularity, principally on the back of growing awareness among consumers about the convenient availability & health benefits of these elements. Besides, since nutraceuticals are developed to enhance human health & meet their unmet nutritional requirements, their demand is elevating substantially and positively influencing the overall market growth. Numerous customers are also expressing interest in tailored products, including supplements, diet plans, & workout regimens. Backed by the continuous expansion of the nutraceuticals market due to the mounting need for & acceptance of nutritional supplements, it shall make a prominent intervention in predictive & proactive health during the forecast period.
Global Nutraceuticals Market Opportunity:
Growing Investments to Integrate Technological Advancement – Rising investments in research & development aid industry players in integrating technological innovations and improving production methods & product quality. With the growing demand for health-boosting products, the requirements for over-the-counter antibiotics increase, which adversely impacts the healthcare industry. This is because these antibiotics seek comprehensive attention from a large consumer base, resulting in growing dependency upon such supplements. This frequent adoption of such antibiotics further leads to serious health-associated issues, including the rise of antibiotic-resistant infections. Therefore, to address these rising issues, the nutraceuticals industry is developing solutions that provide microbiota (Good Bacteria), which can strengthen the immune system and improve overall health balance. Thus, this rising investment in technology and innovation is expected to offer lucrative opportunities for the Nutraceuticals industry in forecasting years.
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