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Nutraceuticals, sometimes also referred to as 'bioceuticals' are pharmaceutical alternatives derived from food sources that provide extra health benefits, in addition to the basic nutritional value found in foods which also claim to provide physiological benefits. These are said to prevent chronic diseases, improve health, delay the aging process, increase life expectancy, and also support the structure and functions of the body.
Comprising of fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, these help in averting medical conditions, such as hypertension, diabetes, heart diseases, allergies and also improve the digestive and immune systems and enhance the cognitive behavior of consumers.
These are used in numerous industries such as pharmaceutical food & beverages, animal feed additives, and personal care. As such, their demand is increasing and this market is expected to grow at a rapid CAGR in the years to come.
The growth of this market is attributed towards major relying factors including the rising health awareness among consumers of all age groups, increasing prevalence of obesity and focus on preventive healthcare, inclination toward personalized nutrition, increasing awareness for nutraceuticals, growing trend to alter dietary habits, rise in disposable income, rise and evolution of wellness focused diets, such as keto and paleo, rising healthcare costs, growing geriatric population etc.
Moreover, with chronic lifestyle diseases are on a rapid ascent among the masses, nutraceuticals have firmly established themselves as key to human health owing to their disease prevention advantages. Functional food products, such as probiotics and omega-3, are highly used in yogurt and fish oils in order to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the market growth of the nutraceutical supplements over the coming years.
Furthermore, emerging innovations in this sector, rising awareness regarding calorie reduction and weight loss along with increasing orientation towards preventive health care owing to the sharp increase in the healthcare cost enhance the global market of nutraceuticals supplements drastically.
However, stringent government regulations, risk related to marketing-hype, higher costs of fortified products dissuading large-scale usage and adoption, limited awareness in the underdeveloped countries are expected to restrict the growth of the global nutraceuticals supplements market.
NUTRACEUTICAL SUPPLEMENTS MARKET SEGMENTATION:
By Ingredients Type:
By Form Type:
By Distribution Channel:
FEW KEY PLAYERS IN NUTRACEUTICAL SUPPLEMENTS MARKET:
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyses the global Nutraceutical Supplements market by the following segments:
- Ingredients Type
- Form Type
- Distribution Channel
Customization: We also offer customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Nutraceutical Supplements Industry Report
The report offers a comprehensive insight on the Nutraceutical Supplements Market share, competitor landscape, market trends, growth, revenue, and key driver’s analysis with coverage of key players, top geographies, product types and end user.
Exhaustive secondary research and in-depth primary interviews with industry experts has been conducted to present qualitative and quantitative insights in the report.
We offer customizations as per client’s specific needs.