Market Overview:
The global nutraceutical products market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the benefits of nutraceuticals, rising disposable income, and growing demand for preventive healthcare. The probiotics segment is expected to grow at a CAGR of 8.1% from 2018 to 2030, owing to the increasing demand for probiotic-based supplements and functional foods & beverages. The vitamins segment is projected to grow at a CAGR of 7.4% during the forecast period, due to the rising awareness about their health benefits among consumers across all age groups.
Product Definition:
A nutraceutical product is a food or drink that has been enriched with additional health-promoting ingredients, such as vitamins, minerals, herbs or other plant extracts. The word "nutraceutical" was coined in 1989 by Dr. Stephen L. DeFelice, founder and chairman of the Foundation for Innovation in Medicine.
Probiotics:
Probiotics are live micro-organisms that, when introduced in adequate amount into the human body, help to improve its functions. Probiotic products include foods and dietary supplements that contain active bacteria for improving health. The probiotic market is expected to witness significant growth over the forecast period owing to factors such as increasing geriatric population base coupled with rising awareness regarding preventive healthcare measures especially among women. Moreover, growing demand for dairy products fermented with probiotics is another factor driving the global market growth.
Vitamins:
Vitamins are organic compounds that help in carrying out various metabolic reactions in the body. They are required by the body to maintain itself but can also be consumed for providing health benefits. Vitamins can be classified into two types: water-soluble and fat-soluble. Water-soluble vitamins include A, B, C, D, E & K; while fat- soluble vitamins include vitamin E & beta carotene.
Application Insights:
The conventional stores application segment accounted for the largest share of over 60.0% in 2017. The segment will expand further at a steady CAGR owing to rising demand from the existing store network and new store openings by conventional food chains and retail outlets.
Specialty stores are anticipated to emerge as the fastest-growing application segment over the forecast period owing to growing consumer awareness regarding personalized nutrition along with a rise in health consciousness resulting in increased spending on nutritional supplements which is likely to propel specialty store sales at a rapid pace during future years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding health, rising disposable income levels, and growing population. Moreover, emerging economies such as China and India are witnessing rapid growth in demand for healthy foods that provide nutritional benefits. These factors are anticipated to drive global Nutraceutical Products Market during the forecast period.
North America is projected to witness significant growth during the same period owing to increasing consumption of probiotics-based products coupled with rising consumer awareness about their health benefits among people aged between 2 -45 years old especially women folk which will drive this industry further.
Growth Factors:
- Increasing awareness about the benefits of nutraceuticals: The global population is becoming increasingly health conscious and aware of the benefits of consuming nutraceuticals. This is driving demand for these products, which are seen as a healthier alternative to conventional food items.
- Rising income levels in developing countries: A growing number of people in developing countries are now able to afford nutraceutical products, thanks to rising income levels. This is providing a major boost to the market growth.
- Growing demand for functional foods: Functional foods that offer health benefits beyond basic nutrition are becoming increasingly popular, especially among aging populations and those suffering from chronic diseases such as obesity and diabetes mellitus . This is fueling demand for nutraceuticals that can be incorporated into functional foods.
- Technological advancements: The development of new technologies has enabled manufacturers to develop innovative and high-quality nutraceutical products that meet consumer demands . This is helping fuel market growth . 5) increasing research on the potential health benefits of Nutraceutical Products : Increasing research on the potential health benefits offered by different types of nutraceuticals is helping create greater awareness about their potential uses , which is driving demand
Scope Of The Report
Report Attributes
Report Details
Report Title
Nutraceutical Products Market Research Report
By Type
Probiotics, Vitamins, Minerals
By Application
Conventional Stores, Specialty Stores
By Companies
Kraft Heinz Company, The Hain Celestial Group, Conagra, General Mills, Kellogg's, Nestlé, Nature’s Bounty, Amway, Hero Group, Barilla Group, Raisio Group, Freedom Food Group Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Nutraceutical Products Market Report Segments:
The global Nutraceutical Products market is segmented on the basis of:
Types
Probiotics, Vitamins, Minerals
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Conventional Stores, Specialty Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kraft Heinz Company
- The Hain Celestial Group
- Conagra
- General Mills
- Kellogg's
- Nestlé
- Nature’s Bounty
- Amway
- Hero Group
- Barilla Group
- Raisio Group
- Freedom Food Group Limited
Highlights of The Nutraceutical Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Probiotics
- Vitamins
- Minerals
- By Application:
- Conventional Stores
- Specialty Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nutraceutical Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nutraceutical products are dietary supplements that contain nutrients and other substances intended to improve health.
Some of the major players in the nutraceutical products market are Kraft Heinz Company, The Hain Celestial Group, Conagra, General Mills, Kellogg's, NestlƒÂ©, Nature¢â‚¬â„¢s Bounty, Amway, Hero Group, Barilla Group, Raisio Group, Freedom Food Group Limited.
The nutraceutical products market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nutraceutical Products Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nutraceutical Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nutraceutical Products Market - Supply Chain
4.5. Global Nutraceutical Products Market Forecast
4.5.1. Nutraceutical Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nutraceutical Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Nutraceutical Products Market Absolute $ Opportunity
5. Global Nutraceutical Products Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Nutraceutical Products Market Size and Volume Forecast by Type
5.3.1. Probiotics
5.3.2. Vitamins
5.3.3. Minerals
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Nutraceutical Products Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Nutraceutical Products Market Size and Volume Forecast by Application
6.3.1. Conventional Stores
6.3.2. Specialty Stores
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Nutraceutical Products Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Nutraceutical Products Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Nutraceutical Products Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Nutraceutical Products Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Nutraceutical Products Demand Share Forecast, 2019-2026
9. North America Nutraceutical Products Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Nutraceutical Products Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Nutraceutical Products Market Size and Volume Forecast by Application
9.4.1. Conventional Stores
9.4.2. Specialty Stores
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Nutraceutical Products Market Size and Volume Forecast by Type
9.7.1. Probiotics
9.7.2. Vitamins
9.7.3. Minerals
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Nutraceutical Products Demand Share Forecast, 2019-2026
10. Latin America Nutraceutical Products Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Nutraceutical Products Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Nutraceutical Products Market Size and Volume Forecast by Application
10.4.1. Conventional Stores
10.4.2. Specialty Stores
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Nutraceutical Products Market Size and Volume Forecast by Type
10.7.1. Probiotics
10.7.2. Vitamins
10.7.3. Minerals
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Nutraceutical Products Demand Share Forecast, 2019-2026
11. Europe Nutraceutical Products Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Nutraceutical Products Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Nutraceutical Products Market Size and Volume Forecast by Application
11.4.1. Conventional Stores
11.4.2. Specialty Stores
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Nutraceutical Products Market Size and Volume Forecast by Type
11.7.1. Probiotics
11.7.2. Vitamins
11.7.3. Minerals
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.0. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Nutraceutical Products Demand Share, 2019-2026
12. Asia Pacific Nutraceutical Products Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Nutraceutical Products Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Nutraceutical Products Market Size and Volume Forecast by Application
12.4.1. Conventional Stores
12.4.2. Specialty Stores
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Nutraceutical Products Market Size and Volume Forecast by Type
12.7.1. Probiotics
12.7.2. Vitamins
12.7.3. Minerals
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Nutraceutical Products Demand Share, 2019-2026
13. Middle East & Africa Nutraceutical Products Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Nutraceutical Products Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Nutraceutical Products Market Size and Volume Forecast by Application
13.4.1. Conventional Stores
13.4.2. Specialty Stores
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Nutraceutical Products Market Size and Volume Forecast by Type
13.7.1. Probiotics
13.7.2. Vitamins
13.7.3. Minerals
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Nutraceutical Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Nutraceutical Products Market: Market Share Analysis
14.2. Nutraceutical Products Distributors and Customers
14.3. Nutraceutical Products Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Kraft Heinz Company
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. The Hain Celestial Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Conagra
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. General Mills
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kellogg's
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nestlé
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Natures Bounty
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Amway
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hero Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Barilla Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Raisio Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Freedom Food Group Limited
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook