Global Nutraceuticals Market
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Global Nutraceuticals Market
Global Nutraceuticals Market: Information by Type (Vitamins & Minerals, Probiotics, Proteins & Peptides, Omega Fatty Acids, and Others), Source (Plant, Animal, and Microbial), Form (Capsules, Tablets, & Softgels, Powder and Liquid & Gummies), Distribution Channel (Store-Based [Supermarkets & Hypermarkets, Specialty Stores and others] and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025
Key Players: The prominent vendors shaping the worldwide Nutraceuticals Market Size include DSM Nutritional Products, Inc. (the Netherlands), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Abbott Nutrition Manufacturing Inc. (U.S.), Archer-DanielsMidland Company (U.S.), Cargill Inc. (U.S.), GlaxoSmithKline Plc (U.K), and others.
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Global Nutraceuticals Market
The worldwide nutraceuticals product market holds a significant scope for expansion; with its contribution globally set to increase phenomenally in the next couple of years. Versatile in nature, nutraceuticals are useful across various industries, including animal feed additives, personal care, and pharmaceutical food & beverages. Latest innovations, as well as findings of function-specific antioxidants, are poised to offer countless opportunities in the booming sector. Nutraceutical products are considered to be a necessity in the modern world. The market’s expected growth in the future is backed by the mounting demand for preventive healthcare, along with the surge in medical treatment. The latter accelerates the demand for nutraceuticals-containing products, which highly favors the overall market. But the high investment required for research and development (R&D) could act as a critical barrier in the market growth.
Regional Analysis: The worldwide market for nutraceuticals has been segmented on the basis of ingredients, types and distribution channel. The types of ingredients are probiotics, vitamins and minerals, omega-3, protein and peptides and others. Currently, vitamins and minerals segment holds the maximum share of 47.40%, as a growing population suffers from vitamin deficiency. Plus, vitamins possess various health benefits such as the ability to prevent various diseases like high cholesterol levels, eye disorders and heart problems. But it is the omega-3 segment that will showcase the fastest growth, which is set to be 8.23%. Omega-3 fatty acid is known for being a highly potent nutraceutical that works against the hardening of heart arteries, in addition to being used as an active ingredient across various industries. The third best growth is anticipated to be of probiotics.
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Global Nutraceuticals Market
Segmentation Europe, Asia Pacific (APAC), Middle East, and Africa and North America are the primary markets for nutraceuticals. With respect to value and volume, North America is predicted to be the most lucrative nutraceuticals market with a share of 36.69%. Asia Pacific is poised to rise at a rate of 7.82%. The North America market’s share was valued at USD 79.36 billion in 2019, with the reasons being the prevalence of busy work schedules and the consumers’ preference for functional foods. APAC’S consumption of nutraceuticals is anticipated to rise at a rate of 7.82% in the given period based on the surging health issues and subsequently increasing health awareness among consumers.
Intended Audience Nutraceutical manufacturers Dietary supplement manufacturers Traders, wholesalers, and distributors Governments, associations, and industrial bodies Investors and trade experts
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Global Nutraceuticals Market
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Copyright © 2017 Market Research Future.
