Nutraceuticals Market Overview
Nutraceuticals Market size is estimated to reach $4,651 million by 2026, growing at a CAGR of 7.1% over 2021-2026. Nutraceuticals is a substance that may be considered food or amino acid part of a food that offers medical or health benefits, encompassing prevention and treatment of disease. Nutraceuticals may range from isolated nutrients, herbal products, dietary supplements, functional food, probiotics, and processed food ingredients. Apart from this, changes in lifestyle and dietary patterns, along with increased industrialization, rising pollution and work pressure, have led to increased susceptibility to a plethora of disorders such as hypertension, obesity, diabetes, inflammatory and autoimmune conditions, and cancers. Globally, recent advancement in the medical sciences has considerably helped in the treatment of these conditions; however, it has been recently realized that nutrition management is poised to play a huge role in prevention as well as in treatment to some extent. Hence, the market is presently flooded with hundreds of nutraceuticals/food supplements that not only help to prevent and tackle such disease conditions but may also provide general health promotion and is set to further enhance the overall market demand for nutraceuticals market for the period 2021-2026. However, stringent rules and regulations imposed by governments of various countries market is anticipated to restrict the growth of Nutraceuticals Market.
Nutraceuticals Market Report Coverage
The report: “Nutraceuticals Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Nutraceuticals Market.
By Product Type: Functional Foods, Functional Beverages and Dietary Supplements.
By Source: Animal, Plant and Microbial.
By Form: Tablets and Capsules, Powder, Liquid, Solids/Semi-solids.
By Distribution Channel: Hypermarket/Supermarkets, Convenience Stores, Specialty Stores, Online Retail and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
- In 2020, Europe dominated the Nutraceuticals Market.
- Growing health concerns among consumers and increasing awareness regarding nutraceuticals with the growth in the aging population are enhancing the growth of the Nutraceuticals Market.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Nutraceuticals Market report.
- Growing expenses and strict regulations is set to create hurdles for the Nutraceuticals Market.
Nutraceuticals Market Size, By Source, 2020 (%)
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Nutraceuticals Segment Analysis – By Product Type
The Nutraceuticals Market based on product type can be further segmented into Functional Foods, Functional Beverages and Dietary Supplements. The functional beverages segment is the major segment generating revenue in 2020 owing to rising consumer interest in functional beverages as a result of the health benefits, performance coupled with the increasing working population. Also, the growth rate is poised to show upsurge owing to the popular fortification includes vitamins, minerals, fiber, and protein which helps in perceiving wellness and performance. Furthermore, this segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026, as it is considered as one of the best forms of nutraceuticals for consumers looking for a low-fat diet and is utilized as a replacement for convenient single-serving sizes. Above all rising cases of lifestyle diseases, such as obesity and diabetes, is anticipated to support the segment growth over the forecast period2021-2026.
Nutraceuticals Segment Analysis – By Source
The Nutraceuticals Market based on source can be further segmented into Animal, Plant and Microbial. The plant segment registers for the highest nutraceuticals market share in 2020. This is mainly owing to the fact that there’s been a real shift and growth in the consumer awareness of plant-based nutrition. According to the Food and Health Survey of American consumers from the International Food Information Council Foundation, more than 70% participants said they perceived from plant sources as healthy in 2019. Furthermore, this diversification has the potential to transform the food company’s principal business and value proposition due to its growth, profitability, risk exposure, and ability to compete and innovate. On the contrary, the microbial segment is forecasted to register the fastest CAGR of 8.7% over 2021-2026. This is mainly owing to the fact that manufacturers are finding out more innovative ways to meet the demand of such products thereby, keeping its nutrient values is poised to raise its growth in the forecast period 2021-2026. Also, the growing awareness about the microbial makes it perfect for Nutraceuticals.
Nutraceuticals Segment Analysis – By Geography
Europe dominated the Nutraceuticals Market with major share of 42.6% in 2020. This is owing to increasing aging populations in the countries like U.K., France, Spain, Italy, etc. Apart from this, Europe is anticipated to hold the lead in nutraceuticals trade during the forecast timeframe owing to the notable contribution of established players functioning in the region. Furthermore, the increasing initiatives to innovate the product is projected to fuel the demand for dietary supplements, which is projected to augment the market in the region.
However, Asia Pacific is estimated to outpace all the regions by displaying the highest CAGR of 7.95% during the forecast period 2021-2026 owing to the growing demand for health supplements in Asian countries such as Japan, China, India and South Korea. Apart from this, rapid growth in urbanization, rising income levels, and growing awareness about the benefits of food fortification with nutraceutical products are the drivers for this market.
Nutraceuticals Market Drivers
Increase Global Awareness Regarding Application of Nutraceuticals
The Nutraceuticals market driver can be attributed to the fact that awareness about the application of nutraceuticals is increasing at a very gradual pace. Even though a lot of health and fitness forums document the benefits of Nutraceuticals, some of them offer an oppositional reading. However, the future demand for the treatment of cardiovascular is anticipated to further augment the nutraceuticals market size during the forecast period. Furthermore, the rising disposable income and growing geriatric population can fuel the demand, thereby developing the market during the forecast period 2021-2026.
Nutraceuticals Market Challenges
Growing Expenses and Strict Regulations
The major challenge in the Nutraceuticals market is that the stringent rules and regulations imposed by governments of various countries are anticipated to hamper the market rise during the forecast period. Also, the high expenses associated with nutraceuticals are projected to restrain the market rise during the tenure.
Nutraceuticals Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Nutraceuticals market. In 2020, Nutraceuticals market share is fragmented by the top ten players present in the market. The Nutraceuticals market top 10 companies are Archer Daniels Midland Company, General Mills, Inc. E. I. du Pont de Nemours and Company, Aland (Jiangsu) Nutraceutical Co., Ltd. BASF SE, Cargill, Incorporated, Royal DSM N.V. Groupe Danone S.A. Nestle S.A., PepsiCo Inc. and others.
- In January 2021, Alpine Start Inc., announced the launch of its functional beverages with the help of American public benefit company Kickstarter. The new fortified beverages are loaded with vitamins, minerals, and other natural ingredients for boosting immunity and focus.
- In September 2020, DuPont has announced a partnership with Procter & Gamble. This partnership helped both companies to discover and develop the next generation of probiotics for human health.
- In January 2020, ADM acquired Yerbalatina Phytoactives, a natural plant-based extracts and ingredient manufacturer for strengthening its position in the health and wellness market.
Report Code: FBR 0071
Report Code: HCR 0299
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1. Nutraceuticals Market Overview
1.1 Definitions and Scope
2. Nutraceuticals Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Product Type
2.3 Key trends by Source
2.4 Key trends by Distribution Channel
2.5 Key trends by Geography
3. Nutraceuticals Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Nutraceuticals Market - Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Nutraceuticals Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Nutraceuticals Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Nutraceuticals Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Nutraceuticals Market – By Product Type (Market Size -$Million/$Billion)
8.1 Functional Food
8.1.1 Probiotics Fortified Food
8.1.2 Omega Fatty Acid Fortified Food
8.1.3 Branded Ionized Salt
8.1.4 Branded Wheat Flour Market
8.2 Functional Beverages
8.2.1 Fruit & Vegetable Juices and Drinks
8.2.2 Dairy & Dairy Alternative Drinks
8.2.3 Noncarbonated Drinks
8.3 Dietary Supplements
8.3.1 Proteins & Peptides
8.3.2 Vitamins & Minerals
8.4 Personal Care
9. Nutraceuticals Market – By Source (Market Size -$Million/$Billion)
10. Nutraceuticals Market- By Form (Market Size -$Million/$Billion)
10.1 Tablets and Capsules
11. Nutraceuticals Market- By Distribution Channel (Market Size -$Million/$Billion)
11.2 Convenience Stores
11.3 Specialty Stores
11.4 Online Retail
12. Nutraceuticals Market- By Geography (Market Size -$Million/$Billion)
12.1 North America
12.2.7 Rest of Europe
12.3.4 South Korea
12.3.6 Rest of Asia-Pacific
12.4 South America
12.5 Rest of the World
12.5.1 Middle East
13. Nutraceuticals Market Entropy
14. Nutraceuticals Market- Industry / Segment Competition landscape Premium Premium
14.1 Market Share Analysis
14.1.1 Market Share by Country- Key companies
14.1.2 Market Share by Region- Key companies
14.1.3 Market Share at Global Level- Key companies
14.1.4 Competition Matrix
14.1.5 Best Practices for Companies
15. Nutraceuticals Market- Key Company List by Country Premium Premium
16. Nutraceuticals Market Company Analysis
16.1 Company Revenue, Products, M&A, Developments
16.2 Company 1
16.3 Company 2
16.4 Company 3
16.5 Company 4
16.6 Company 5
16.7 Company 6
16.8 Company 7
16.9 Company 8
16.10 Company 9
16.11 Company 10
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