
Global Nutraceuticals Market Size study, by Product (Dietary Supplements, Functional Foods, Functional Beverages), by Application (Allergy & Intolerance, Animal Nutrition), and Regional Forecasts 2024-2034
Description
The Global Nutraceuticals Market is valued at approximately USD 748.54 billion in 2024 and is anticipated to grow with a(CAGR) of 8.80% over the forecast period 2024-2034. Nutraceuticals, derived from ""nutrition"" and ""pharmaceutical,"" represent a dynamic industry at the crossroads of food and healthcare. These products, ranging from dietary supplements to functional foods and beverages, offer health benefits beyond basic nutrition, addressing specific health concerns or enhancing overall well-being. With a growing focus on preventive healthcare, nutraceuticals have emerged as essential tools in mitigating health risks and enhancing quality of life. The market’s trajectory reflects rising consumer awareness about health and wellness, driven by an aging global population and increasing prevalence of chronic diseases.
The nutraceuticals industry has been propelled by advancements in food technology and evolving consumer preferences. Dietary supplements, as one of the prominent segments, have gained traction among health-conscious consumers seeking natural remedies for immunity boosting, weight management, and enhanced cognitive function. Similarly, functional foods and beverages are reshaping conventional diets, providing consumers with tailored nutrition to meet specific lifestyle needs. For instance, the fortified drinks sector has seen significant growth, with innovations such as plant-based proteins and probiotics becoming integral to health-conscious diets. However, high production costs and stringent regulatory landscapes could present challenges to market expansion during the forecast period.
The regional dynamics of the Global Nutraceuticals Market present diverse opportunities and challenges. North America has been a dominant player, bolstered by robust R&D initiatives and a well-established consumer base that prioritizes health-oriented products. Europe closely follows, with increasing demand for clean-label and organic nutraceutical products. On the other hand, the Asia-Pacific region is poised to exhibit the fastest growth, driven by a burgeoning middle-class population, rapid urbanization, and increasing disposable incomes. Countries such as India and China are witnessing a paradigm shift in dietary patterns, further catalyzing market growth. Latin America and the Middle East & Africa also hold promising potential, with rising health awareness and infrastructure development fostering market penetration.
Major market players included in this report are:
By Product:
Canada
Germany
France
Spain
Italy
ROE
India
Japan
Australia
South Korea
RoAPAC
Mexico
South Africa
RoMEA
Years considered for the study are as follows:
Historical year – 2022
Base year – 2024
Forecast period – 2024 to 2034
Key Takeaways:
The nutraceuticals industry has been propelled by advancements in food technology and evolving consumer preferences. Dietary supplements, as one of the prominent segments, have gained traction among health-conscious consumers seeking natural remedies for immunity boosting, weight management, and enhanced cognitive function. Similarly, functional foods and beverages are reshaping conventional diets, providing consumers with tailored nutrition to meet specific lifestyle needs. For instance, the fortified drinks sector has seen significant growth, with innovations such as plant-based proteins and probiotics becoming integral to health-conscious diets. However, high production costs and stringent regulatory landscapes could present challenges to market expansion during the forecast period.
The regional dynamics of the Global Nutraceuticals Market present diverse opportunities and challenges. North America has been a dominant player, bolstered by robust R&D initiatives and a well-established consumer base that prioritizes health-oriented products. Europe closely follows, with increasing demand for clean-label and organic nutraceutical products. On the other hand, the Asia-Pacific region is poised to exhibit the fastest growth, driven by a burgeoning middle-class population, rapid urbanization, and increasing disposable incomes. Countries such as India and China are witnessing a paradigm shift in dietary patterns, further catalyzing market growth. Latin America and the Middle East & Africa also hold promising potential, with rising health awareness and infrastructure development fostering market penetration.
Major market players included in this report are:
- Nestlé S.A.
- Amway Corporation
- Herbalife Nutrition Ltd.
- Pfizer Inc.
- Archer Daniels Midland Company
- PepsiCo, Inc.
- Kellogg Company
- BASF SE
- DuPont de Nemours, Inc.
- Abbott Laboratories
- Glanbia plc
- Danone S.A.
- DSM N.V.
- Bayer AG
- General Mills, Inc.
By Product:
- Dietary Supplements
- Functional Foods
- Functional Beverages
- Allergy & Intolerance
- Animal Nutrition
- North America
Canada
- Europe
Germany
France
Spain
Italy
ROE
- Asia Pacific
India
Japan
Australia
South Korea
RoAPAC
- Latin America
Mexico
- Middle East & Africa
South Africa
RoMEA
Years considered for the study are as follows:
Historical year – 2022
Base year – 2024
Forecast period – 2024 to 2034
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approaches.
- Analysis of the competitive structure of the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
285 Pages
- Chapter 1. Global Nutraceuticals Market Executive Summary
- 1.1. Global Nutraceuticals Market Size & Forecast (2024-2034)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Product
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Investment Analysis
- 1.7. Investment Rationale
- 1.8. Analyst Recommendation & Conclusion
- Chapter 2. Global Nutraceuticals Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer’s Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
- Chapter 3. Global Nutraceuticals Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Consumer Awareness about Preventive Healthcare
- 3.1.2. Increasing Prevalence of Chronic Diseases
- 3.1.3. Technological Advancements in Food Science and Personalization
- 3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Stringent Regulatory Frameworks
- 3.3. Market Opportunities
- 3.3.1. Emerging Markets in Asia-Pacific
- 3.3.2. Rising Demand for Plant-based Nutraceuticals
- Chapter 4. Global Nutraceuticals Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model
- 4.1.7. Porter’s 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
- Chapter 5. Global Nutraceuticals Market Size & Forecasts by Product 2024-2034
- 5.1. Segment Dashboard
- 5.2. Global Nutraceuticals Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Dietary Supplements
- 5.2.2. Functional Foods
- 5.2.3. Functional Beverages
- Chapter 6. Global Nutraceuticals Market Size & Forecasts by Application 2024-2034
- 6.1. Segment Dashboard
- 6.2. Global Nutraceuticals Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Allergy & Intolerance
- 6.2.2. Animal Nutrition
- Chapter 7. Global Nutraceuticals Market Size & Forecasts by Region 2024-2034
- 7.1. North America Nutraceuticals Market
- 7.1.1. U.S. Nutraceuticals Market
- 7.1.1.1. Product Breakdown Size & Forecasts, 2024-2034
- 7.1.1.2. Application Breakdown Size & Forecasts, 2024-2034
- 7.1.2. Canada Nutraceuticals Market
- 7.2. Europe Nutraceuticals Market
- 7.2.1. UK Nutraceuticals Market
- 7.2.2. Germany Nutraceuticals Market
- 7.2.3. France Nutraceuticals Market
- 7.2.4. Spain Nutraceuticals Market
- 7.2.5. Italy Nutraceuticals Market
- 7.2.6. Rest of Europe Nutraceuticals Market
- 7.3. Asia-Pacific Nutraceuticals Market
- 7.3.1. China Nutraceuticals Market
- 7.3.2. India Nutraceuticals Market
- 7.3.3. Japan Nutraceuticals Market
- 7.3.4. Australia Nutraceuticals Market
- 7.3.5. South Korea Nutraceuticals Market
- 7.3.6. Rest of Asia-Pacific Nutraceuticals Market
- 7.4. Latin America Nutraceuticals Market
- 7.4.1. Brazil Nutraceuticals Market
- 7.4.2. Mexico Nutraceuticals Market
- 7.4.3. Rest of Latin America Nutraceuticals Market
- 7.5. Middle East & Africa Nutraceuticals Market
- 7.5.1. Saudi Arabia Nutraceuticals Market
- 7.5.2. South Africa Nutraceuticals Market
- 7.5.3. Rest of Middle East & Africa Nutraceuticals Market
- Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Nestlé S.A.
- 8.1.2. Amway Corporation
- 8.1.3. Herbalife Nutrition Ltd.
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Nestlé S.A.
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Market Strategies
- 8.3.2. Amway Corporation
- 8.3.3. Herbalife Nutrition Ltd.
- 8.3.4. Pfizer Inc.
- 8.3.5. Archer Daniels Midland Company
- 8.3.6. PepsiCo, Inc.
- 8.3.7. Kellogg Company
- 8.3.8. BASF SE
- 8.3.9. DuPont de Nemours, Inc.
- 8.3.10. Abbott Laboratories
- 8.3.11. Glanbia plc
- 8.3.12. Danone S.A.
- 8.3.13. DSM N.V.
- 8.3.14. Bayer AG
- 8.3.15. General Mills, Inc.
- Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.