
North America Nutraceuticals Market Size, Share & Industry Trends Analysis Report By Type, By Dietary Supplements, By Functional Beverages, By Sales Channel, By Form, By Country and Growth Forecast, 2021 - 2027
Description
North America Nutraceuticals Market Size, Share & Industry Trends Analysis Report By Type, By Dietary Supplements, By Functional Beverages, By Sales Channel, By Form, By Country and Growth Forecast, 2021 - 2027
The North America Nutraceuticals Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Nutraceuticals are now an increasingly important component of many people's daily lives all around the world. These supplements, foods, and beverages are growing in popularity as people shift their focus away from synthetic materials and toward natural remedies and nutrition. Nutraceuticals are non-toxic and fully safe to consume because they are made from food and plant material. Also, nutraceuticals are categorized as food supplements and additives, and unlike pharmaceuticals, they are not tightly regulated. Nutraceuticals, on the other hand, are offered at pharmacies because they are considered health items. There has been an increase in demand for nutraceuticals that are converted into candies and jellies because they taste better and are more appealing to youngsters, making it easier to offer them the supplements.
Dietary fibres and minerals are expected to become more popular as people become more aware of their benefits in general health and physical upkeep. Fibers encourage simpler bowel movements while also cleansing internal organs, whereas minerals aid in the absorption and transport of nutrients into cells and stimulate blood coagulation, among other things. Moreover, increasing acceptance rates of herbal medicines among people around the world are likely to expand the market growth over the forecast period, owing to rising worries about the harmful consequences of traditional pharma pharmaceuticals.
Functional foods and nutraceutical goods can aid in the improvement of health, the reduction of healthcare expenditures, and the development of the economy. The demand for energy drinks, fortified dairy products, functional beverages, and dietary supplements is continually increasing, which is driving the demand of these items. Artificial Intelligence (AI) is getting popular in the nutraceutical packaging industry. To meet customer demand, leading companies in the nutraceuticals market are implementing innovative technologies such as artificial intelligence (AI). For example, Efficacy AI, a US-based company, introduced MedicascyAI in July 2020, which uses artificial intelligence to assist nutraceutical and supplement companies in bringing innovative products to market faster. The MEDICASCY artificial intelligence solutions network (MedicascyAI) would assist the nutraceutical industry in relying less on secondary science and directing primary research toward more fruitful results.
Many Canadians are exploring the connection between health and diet as they age and face growing healthcare bills. With product innovation and market expansion, the functional food (nutraceutical) business is grabbing the opportunity.
The US market dominated the North America Nutraceuticals Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $154.0 billion by 2027. The Canada market is estimated to witness a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2021 - 2027).
Based on Type, the market is segmented into Functional Food, Dietary Supplements, and Functional Beverages. Further, on the basis of Functional food, the market is segmented into Vitamins, Minerals, Carotenoids, Dietary Fibers, Prebiotics & Probiotics, Fatty Acids, and Others. Based on Dietary Supplements, the market is segmented into Vitamins & Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Botanicals, Omega Fatty Acids & Others. Based on Functional Beverages, the market is segmented into Energy & Sports Drinks, Functional Juices, and Others. Based on Sales Channel, the market is segmented into Pharmacy, Specialty Stores, Hypermarket/Supermarket, and Online Channels. Based on Form, the market is segmented into Capsule & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., General Mills, Inc., Archer Daniels Midland Company, Danone, S.A., Koninklijke DSM N.V., International Flavors & Fragrances, Inc., Herbalife International, Inc., The Hain Celestial Group, Inc., Amway Corporation, and Cargill Corporation.
Scope of the Study
Market Segments covered in the Report:
By Type
Minerals
Carotenoids
Dietary Fibers
Prebiotics & Probiotics
Fatty Acids
thers
Proteins & Amino Acids
Fibers & Specialty Carbohydrates
Botanicals
mega Fatty Acids & Others
Functional Juices
thers
By Sales Channel
The North America Nutraceuticals Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Nutraceuticals are now an increasingly important component of many people's daily lives all around the world. These supplements, foods, and beverages are growing in popularity as people shift their focus away from synthetic materials and toward natural remedies and nutrition. Nutraceuticals are non-toxic and fully safe to consume because they are made from food and plant material. Also, nutraceuticals are categorized as food supplements and additives, and unlike pharmaceuticals, they are not tightly regulated. Nutraceuticals, on the other hand, are offered at pharmacies because they are considered health items. There has been an increase in demand for nutraceuticals that are converted into candies and jellies because they taste better and are more appealing to youngsters, making it easier to offer them the supplements.
Dietary fibres and minerals are expected to become more popular as people become more aware of their benefits in general health and physical upkeep. Fibers encourage simpler bowel movements while also cleansing internal organs, whereas minerals aid in the absorption and transport of nutrients into cells and stimulate blood coagulation, among other things. Moreover, increasing acceptance rates of herbal medicines among people around the world are likely to expand the market growth over the forecast period, owing to rising worries about the harmful consequences of traditional pharma pharmaceuticals.
Functional foods and nutraceutical goods can aid in the improvement of health, the reduction of healthcare expenditures, and the development of the economy. The demand for energy drinks, fortified dairy products, functional beverages, and dietary supplements is continually increasing, which is driving the demand of these items. Artificial Intelligence (AI) is getting popular in the nutraceutical packaging industry. To meet customer demand, leading companies in the nutraceuticals market are implementing innovative technologies such as artificial intelligence (AI). For example, Efficacy AI, a US-based company, introduced MedicascyAI in July 2020, which uses artificial intelligence to assist nutraceutical and supplement companies in bringing innovative products to market faster. The MEDICASCY artificial intelligence solutions network (MedicascyAI) would assist the nutraceutical industry in relying less on secondary science and directing primary research toward more fruitful results.
Many Canadians are exploring the connection between health and diet as they age and face growing healthcare bills. With product innovation and market expansion, the functional food (nutraceutical) business is grabbing the opportunity.
The US market dominated the North America Nutraceuticals Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $154.0 billion by 2027. The Canada market is estimated to witness a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2021 - 2027).
Based on Type, the market is segmented into Functional Food, Dietary Supplements, and Functional Beverages. Further, on the basis of Functional food, the market is segmented into Vitamins, Minerals, Carotenoids, Dietary Fibers, Prebiotics & Probiotics, Fatty Acids, and Others. Based on Dietary Supplements, the market is segmented into Vitamins & Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Botanicals, Omega Fatty Acids & Others. Based on Functional Beverages, the market is segmented into Energy & Sports Drinks, Functional Juices, and Others. Based on Sales Channel, the market is segmented into Pharmacy, Specialty Stores, Hypermarket/Supermarket, and Online Channels. Based on Form, the market is segmented into Capsule & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., General Mills, Inc., Archer Daniels Midland Company, Danone, S.A., Koninklijke DSM N.V., International Flavors & Fragrances, Inc., Herbalife International, Inc., The Hain Celestial Group, Inc., Amway Corporation, and Cargill Corporation.
Scope of the Study
Market Segments covered in the Report:
By Type
- Functional Food
Minerals
Carotenoids
Dietary Fibers
Prebiotics & Probiotics
Fatty Acids
thers
- Dietary Supplements
Proteins & Amino Acids
Fibers & Specialty Carbohydrates
Botanicals
mega Fatty Acids & Others
- Functional Beverages
Functional Juices
thers
By Sales Channel
- Pharmacy
- Specialty Stores
- Hypermarket/Supermarket
- Online Channels
- Capsule & Tablets
- Liquid
- Powder
- Others
- US
- Canada
- Mexico
- Rest of North America
- Nestle S.A.
- General Mills, Inc.
- Archer Daniels Midland Company
- Danone, S.A.
- Koninklijke DSM N.V.
- International Flavors & Fragrances, Inc.
- Herbalife International, Inc.
- The Hain Celestial Group, Inc.
- Amway Corporation
- Cargill Corporation
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
119 Pages
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Nutraceuticals Market, by Type
- 1.4.2 North America Nutraceuticals Market, by Sales Channel
- 1.4.3 North America Nutraceuticals Market, by Form
- 1.4.4 North America Nutraceuticals Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisitions and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
- 3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018,Oct– 2021,Oct) Leading Players
- Chapter 4. North America Nutraceuticals Market by Type
- 4.1 North America Functional Food Market by Country
- 4.2 North America Nutraceuticals Market by Functional Food Type
- 4.2.1 North America Vitamins Market by Country
- 4.2.2 North America Minerals Market by Country
- 4.2.3 North America Carotenoids Market by Country
- 4.2.4 North America Dietary Fibers Market by Country
- 4.2.5 North America Prebiotics & Probiotics Market by Country
- 4.2.6 North America Fatty Acids Market by Country
- 4.2.7 North America Others Market by Country
- 4.3 North America Dietary Supplements Market by Country
- 4.4 North America Nutraceuticals Market by Dietary Supplements Type
- 4.4.1 North America Vitamins & Minerals Market by Country
- 4.4.2 North America Proteins & Amino Acids Market by Country
- 4.4.3 North America Fibers & Specialty Carbohydrates Market by Country
- 4.4.4 North America Botanicals Market by Country
- 4.4.5 North America Omega Fatty Acids & Others Market by Country
- 4.5 North America Functional Beverages Market by Country
- 4.6 North America Nutraceuticals Market by Functional Beverages Type
- 4.6.1 North America Energy & Sports Drinks Market by Country
- 4.6.2 North America Functional Juices Market by Country
- 4.6.3 North America Others Market by Country
- Chapter 5. North America Nutraceuticals Market by Sales Channel
- 5.1 North America Pharmacy Market by Country
- 5.2 North America Specialty Stores Market by Country
- 5.3 North America Hypermarket/Supermarket Market by Country
- 5.4 North America Online Channels Market by Country
- Chapter 6. North America Nutraceuticals Market by Form
- 6.1 North America Capsule & Tablets Market by Country
- 6.2 North America Liquid Market by Country
- 6.3 North America Powder Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Nutraceuticals Market by Country
- 7.1 US Nutraceuticals Market
- 7.1.1 US Nutraceuticals Market by Type
- 7.1.1.1 US Nutraceuticals Market by Functional Food Type
- 7.1.1.2 US Nutraceuticals Market by Dietary Supplements Type
- 7.1.1.3 US Nutraceuticals Market by Functional Beverages Type
- 7.1.2 US Nutraceuticals Market by Sales Channel
- 7.1.3 US Nutraceuticals Market by Form
- 7.2 Canada Nutraceuticals Market
- 7.2.1 Canada Nutraceuticals Market by Type
- 7.2.1.1 Canada Nutraceuticals Market by Functional Food Type
- 7.2.1.2 Canada Nutraceuticals Market by Dietary Supplements Type
- 7.2.1.3 Canada Nutraceuticals Market by Functional Beverages Type
- 7.2.2 Canada Nutraceuticals Market by Sales Channel
- 7.2.3 Canada Nutraceuticals Market by Form
- 7.3 Mexico Nutraceuticals Market
- 7.3.1 Mexico Nutraceuticals Market by Type
- 7.3.1.1 Mexico Nutraceuticals Market by Functional Food Type
- 7.3.1.2 Mexico Nutraceuticals Market by Dietary Supplements Type
- 7.3.1.3 Mexico Nutraceuticals Market by Functional Beverages Type
- 7.3.2 Mexico Nutraceuticals Market by Sales Channel
- 7.3.3 Mexico Nutraceuticals Market by Form
- 7.4 Rest of North America Nutraceuticals Market
- 7.4.1 Rest of North America Nutraceuticals Market by Type
- 7.4.1.1 Rest of North America Nutraceuticals Market by Functional Food Type
- 7.4.1.2 Rest of North America Nutraceuticals Market by Dietary Supplements Type
- 7.4.1.3 Rest of North America Nutraceuticals Market by Functional Beverages Type
- 7.4.2 Rest of North America Nutraceuticals Market by Sales Channel
- 7.4.3 Rest of North America Nutraceuticals Market by Form
- Chapter 8. Company Profiles
- 8.1 Nestle S.A.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent Strategies and Developments:
- 8.1.5.1 Acquisitions and Mergers:
- 8.1.5.2 Product Launches and Product Expansion:
- 8.2 General Mills, Inc.
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.3 Archer Daniels Midland Company
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisitions and Mergers:
- 8.4 Danone S.A.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expense
- 8.4.5 Recent Strategies and Developments:
- 8.4.5.1 Product Launches and Product Expansions
- 8.5 Koninklijke DSM N.V.
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent Strategies and Developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Acquisitions and Mergers:
- 8.5.5.3 Product Launches and Product Expansions:
- 8.6 International Flavors & Fragrances, Inc. (DuPont Nutrition)
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent Strategies and Developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.7 Herbalife International, Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Recent Strategies and Developments:
- 8.7.4.1 Partnerships, Collaborations, and Agreements:
- 8.7.4.2 Product Launches and Product Expansions:
- 8.8 The Hain Celestial Group, Inc.
- 8.8.1 Company overview
- 8.8.2 Financial Analysis
- 8.8.3 Regional Analysis
- 8.8.4 Research & Development Expense
- 8.9 Amway Corporation (Alticor, Inc.)
- 8.9.1 Company Overview
- 8.9.2 Recent Strategies and Developments:
- 8.9.2.1 Partnerships, Collaborations, and Agreements:
- 8.9.2.2 Product Launches and Product Expansions:
- 8.10. Cargill Corporation
- 8.10.1 Company Overview
- 8.10.2 Recent Strategies and Developments:
- 8.10.2.1 Product Launches and Product Expansions:
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