Nutraceutical Products Market Analysis Growth Factors and Competitive Strategies by Forecast 2030.


The Nutraceutical Products Market is valued at around USD 413.0 billion in 2022 and is expected to reach USD 650.5 billion by 2030, registering a CAGR of 3.9% over the forecast period.

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After the COVID-19 outbreak, people are more likely to use natural nutraceuticals. Another significant element anticipated to contribute to the growth of the nutraceutical product market's revenue is a movement in consumer preference from artificial to organic products. Strong recommendations for ingesting nutraceuticals made from plants have become more and more common in efforts to improve health and treat, prevent, and cure diseases. Plant-derived nutraceuticals and functional foods have attracted a lot of attention due to their alleged safety and potential health benefits. Some examples of well-liked phytonutrients that are well-tolerated by people around the world include glucosamine from ginseng, epigallocatechin gallate from green tea, lycopene from tomatoes, and omega-3 fatty acids from linseed.

The sector of nutraceuticals is continually seeing technological developments. The demand for nutraceuticals is rising, necessitating faster and more efficient product development. One key to achieving the necessary pace and efficiency is the application of cutting-edge technology to decipher new formulations. Artificial intelligence (AI) is increasingly being used in the production of nutraceutical products. Companies that produce nutraceuticals utilise AI to quickly choose ingredients by matching a large volume of data from food nutritional research. For example, AI aids in the selection of optimum nourishment that contains components that support cell health and growth. In addition, nutraceutical companies need quick product innovations and advancements due to rising consumer demand in order to supply newer, higher-quality nutritional supplements to clients quickly. Effective and prompt responses from businesses that provide efficient, effective nutraceuticals tailored to the various demands of consumers aid in enhancing the reputation of the nutraceutical industry and also provide a significant increase in market income.

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dietary supplements in the food sector

The world's population has become increasingly health-conscious, particularly since the COVID-19 pandemic. Because of its nutritive, safe, and therapeutic effects, nutraceuticals have attracted a lot of attention. These substances may be crucial for a number of biological processes, including the protection of mitochondrial integrity, cell development, gene expression, and the antioxidant defence system.

Nutraceuticals have a "cure preference" over pharmaceuticals as a result of societal trends toward products and therapies made from naturally occurring materials. For instance, one of the most potent and well-known herbal extracts in the world is green tea extract. Green tea is a powerful antioxidant that also has vitamins and nutrients that can aid to slow down ageing and shield the skin from pollution and oxidative stress. Additionally, it is utilised to improve thermogenesis, increase fat oxidation, and increase the body's capacity to burn fat. Additionally, nutritional supplements aid in enhancing sleep, minimising reliance on medicines and chemical treatments, reducing stress, and maintaining overall health. Nutraceutical products are gaining popularity due to a number of health benefits, significantly fueling market revenue growth.

The Nutraceutical Products Market – Segmentation
The Nutraceutical Products Market fragrance concentrates market has been sub-classified into products, source, distribution channel.

On the basis of products, the Nutraceutical Products Market is bifurcated into:
• Dietary supplements – Liquid, Powder, Tablets
• Functional foods
• Functional beverages- energy drinks, sports drinks, others
• others

On the basis of source, the market is segmented into:
• Probiotics
• Phytochemicals
• Proteins
• Minerals
• Vitamins
• Omega-3 fatty acids
• Fibres
• others

On the basis of distribution channel, the market is segmented into:
• Conventional stores
• Specialty stores
• Retail pharmacies
• others

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The Nutraceutical Products Market – Key Market players
Global key players of Nutraceutical Products Market include Archer Daniels Midland Company, General Mills, Inc., 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.

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Published in

Food

Published on

Nov 15, 2022

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