Nutraceuticals Market Is Likely To Grow At A CAGR Value Of Around 8.8% By 2028

18-Apr-2022 | Zion Market Research

The Nutraceuticals Market was worth around USD 449.5 billion in 2021 and is estimated to grow to about USD 745.5 billion by 2028, with a compound annual growth rate (CAGR) of approximately 8.8 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Nutraceuticals are food-based supplements that can also be used for medicinal purposes. Because they are made from food materials and extracts, they are also known as bioceuticals. Nutraceuticals products are available in a variety of forms and are used for a wide range of purposes. The primary reason for the rise in demand for nutraceuticals is growing awareness of the health benefits of using nutraceuticals and Nutraceuticals supplements in the forecast period. In addition, In addition, demand for Nutraceuticals, which are food-based supplements, is expected to rise in the coming years due to an increase in athletes' participation in sports on a national and international level. Moreover, the growing urbanized population increased spending on health-related products, and an increase in cardiovascular, chronic, and obesity-related diseases will propel the growth of the market in the upcoming years. Gummies, jellies, and soft gels are newer types of nutraceuticals that are being introduced to the market, and their adoption is gradually increasing. They are available in a wide range of shapes, sizes, flavours, and concentrations. These nutraceuticals are also becoming increasingly popular among children, which is assisting the market's growth. The nutraceuticals market, on the other hand, is hampered by difficulties faced by manufacturers during the manufacturing process. Many times, extracting the ingredients needed to make nutraceuticals is difficult, and the result of the extraction is a very small amount of the ingredient, resulting in a very high cost.

The Nutraceuticals Market is segregated based on type, application, health benefits, and form. Based on type, the global market is distinguished into Probiotic, Proteins and amino acids, Phytochemical & plant extracts, Fibers & specialty carbohydrates, Omega 3 fatty acids, Vitamins, Prebiotic, Carotenoids, Minerals, and Others. Based on application, the global market is distinguished into Food, Beverages, Personal care, Animal nutrition, and Dietary supplements. Based on health benefits, the global market is distinguished into Cognitive health, Gut health, Heart health, Bone health, Immunity, Nutrition, Weight management, and others. Based on form, the global market is distinguished into Dry, and liquid.

Global Nutraceuticals Market

The Asia Pacific dominated the market during the forecast period. The major drivers of the APAC market are likely to be rising consumer health concerns and increased awareness of nutraceuticals. In addition, the nutraceutical industry's growth in the Asia Pacific has been aided by an aging population, changing healthcare spending patterns, and changing lifestyles Moreover, the growing trend of fortifying foods with nutraceutical products is expected to drive significant growth in this market. North America is expected to account for the second-largest market share. North America is predicted to increase quickly throughout the projection period. Consumer awareness of the health benefits of these types of products, as well as their nutritional benefits for disease prevention and enhancement, is credited for the significant growth. The demand for energy drinks, fortified dairy products, functional beverages, and dietary supplements is continually increasing, which is driving the growth of these products.

Key players functioning in the Nutraceuticals Market include Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US), Tate & Lyle PLC (UK), and Ajinomoto Co., Inc. (Japan).

Browse the full Nutraceuticals Market By Type (Probiotic, Proteins And Amino Acids, Phytochemical & Plant Extracts, Fibers & Specialty Carbohydrates, Omega 3 Fatty Acids, Vitamins, Prebiotic, Carotenoids, Minerals, And Others). By Application (Food, Beverages, Personal Care, Animal Nutrition, And Dietary Supplements.) By Health Benefits (Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weight Management, And Others.) By Form (Dry, And Liquid.).” Report at https://www.zionmarketresearch.com/report/nutraceuticals-market

Recent developments:

  • In 2021, Tate & Lyle has introduced a new starch variety to its functional ingredient lineup. New REZISTA® MAX thickening starches and BRIOGEL® gelling starches are part of the expansion. Because of their improved process tolerance, mouthfeel, fluidity, and texture, these innovative tapioca starches will help food manufacturers deliver superior products.
  • In 2020, Archer Daniels Midland (ADM) has acquired Yerbalatina Phytoactives, a manufacturer of natural plant-based extracts and ingredients in Brazil. At eight locations across Brazil, ADM processes oilseeds to produce meal and renewable biodiesel, as well as a variety of consumer oils.

Nutraceuticals Market is segmented as follows:

By type

  • Probiotic 
  • Proteins and amino acids
  • Phytochemical & plant extracts
  • Fibers & specialty carbohydrates
  • Omega 3 fatty acids
  • Vitamins
  • Prebiotic
  • Carotenoids
  • Minerals
  • Others

By application

  • Food
  • Beverages
  • Personal care
  • Animal nutrition
  • Dietary supplements

By health benefits

  • Cognitive health
  • Gut health
  • Heart health
  • Bone health
  • Immunity
  • Nutrition
  • Weigh management
  • Others

By form

  • Dry
  • Liquid

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed