Global Nutraceuticals Market Size, Trends, By Type (Functional Beverage, Functional Food, and Dietary Supplements), By Form (Capsules and Tablets, Liquid, Powder, and Others), and By Sales Channel (Hypermarkets/Supermarkets, Specialty Stores, Pharmacies, and Online Channels), By Region (North America, Latin America, Europe, Asia Pacific, Central America East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030
Global Nutraceuticals Market
Global Nutraceuticals Market was valued at US$ 494.0 Bn in 2022, estimated to reach US$ 650.5 Bn by 2030, with a CAGR of 3.49% from 2023-2030.
Nutraceuticals are substances that are classified as foods but also have medical applications. They are also known as "bioceuticals" because they are made from food and food extracts. Products used in nutraceuticals come in a vast variety and serve a variety of functions. Because they are regarded as supplements or food additives, these products are often unregulated throughout the world.
Market Drivers
Preventive healthcare, a rise in illnesses linked to a sedentary lifestyle, and a growing interest in health-promoting foods among consumers are the main reasons fueling market expansion. Additionally, it is anticipated that rising consumer spending power in high-growth economies will support the rising demand for nutraceutical goods.
The movement in consumer preferences towards self-directed care in the treatment of lifestyle illnesses like cardiovascular diseases and malnutrition is another factor contributing to the increase in demand for dietary supplements and nutraceuticals.
Market Restraints
The challenges producers encounter during the manufacturing process are a hindrance to the nutraceuticals market. In many cases, the extraction of the materials needed to manufacture nutraceuticals is challenging and only yields a very small amount of the substance, leading to a very expensive cost.
Market Segmentation
The scope of the Global Nutraceuticals Market covers segmentation based on Type, Form, Sales Channel, and Region.
Based on Type, the market is divided into Functional Beverage, Functional Food, and Dietary Supplements.
Based on Form, the market is segmented into Capsules and Tablets, Liquid, Powder, and Others.
Based on Sales Channel, the market is classified into Hypermarkets/Supermarkets, Specialty Stores, Pharmacies, and Online Channels.
Regional Analysis
The Global Nutraceuticals Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America had the highest revenue share of over 35.50%. The main drivers of the North American market are probably consumers' growing health concerns and their growing awareness of nutraceuticals. Additionally, the region's aging population, healthcare spending trends, and changing lifestyles have all contributed to the nutraceutical industry's expansion.
Key Developments
New protein snack bars from Kellogg's Special K with 6 grams of protein and 90 calories were introduced in June 2022. The snack bar offers a convenient on-the-go protein grab without sacrificing flavor and is available in two exquisite flavors: sweet Berry Vanilla and rich, chocolaty Brownie Sundae.
Rockstar Energy, a PepsiCo brand, debuted a beverage with hemp flavoring in February 2022. The "Rockstar Unplugged" energy drink includes hemp seed oil, B vitamins, spearmint, and lemon balm. Only 80 mg of caffeine is present in the beverage, which is significantly less than what is present in the majority of Rockstar Energy drinks. There will be three flavors of the hemp-infused beverage to choose from blueberry, passionfruit, and raspberry cucumber. It has no sugar or calories.
Key Players
Archer Daniels Midland Company, BASF SE, Cargill, Inc., Danone, DuPont de Nemours, Inc., General Mills Inc., Koninklijke DSM N.V., Nestle S.A., PepsiCo, Inc., and Yakult Honsha Co., Ltd.
Market Taxonomy
By Type
• Functional Beverage
• Functional Food
• Dietary Supplements
By Form
• Capsules and Tablets
• Liquid
• Powder
• Others
By Sales Channel
• Hypermarkets/Supermarkets
• Specialty Stores
• Pharmacies
• Online Channels
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Bonsai Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
Global Nutraceuticals Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Nutraceuticals Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn.
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Nutraceuticals Market, By Type
5.1 Y-o-Y Growth Comparison, By Form and Services
5.2 Global Nutraceuticals Market Share Analysis, By Type
5.3 Global Nutraceuticals Market Size and Forecast, By Type
5.3.1 Functional Beverage
5.3.2 Functional Food
5.3.3 Dietary Supplements
6 Global Nutraceuticals Market, By Form
6.1 Y-o-Y Growth Comparison, By Form
6.2 Global Nutraceuticals Market Share Analysis, By Form
6.3 Global Nutraceuticals Market Size and Forecast, By Form
6.3.1 Capsules and Tablets
6.3.2 Liquid
6.3.3 Powder
6.3.4 Others
7 Global Nutraceuticals Market, By Sales Channel
7.1 Y-o-Y Growth Comparison, By Sales Channel
7.2 Global Nutraceuticals Market Share Analysis, By Sales Channel
7.3 Global Nutraceuticals Market Size and Forecast, By Sales Channel
7.3.1 Hypermarkets/Supermarkets
7.2.2 Specialty Stores
7.2.3 Pharmacies
7.3.3 Online Channels
8 Global Nutraceuticals Market, By Region
8.1 Global Nutraceuticals Market Share Analysis, By Region
8.2 Global Nutraceuticals Market Size and Forecast, By Region
8.3 Global Nutraceuticals Market Trends and Forecast, By Region
9 North America Nutraceuticals Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Nutraceuticals Market Share Analysis, By Type
9.3 North America Nutraceuticals Market Size and Forecast, By Form
9.4 North America Nutraceuticals Market Size and Forecast, By Sales Channel
9.5 North America Nutraceuticals Market Size and Forecast, By Country
9.5.1 U.S.
9.5.1.1 Market Size and Forecast, By Type
9.5.1.2 Market Size and Forecast, By Form
9.5.1.3 Market Size and Forecast, By Sales Channel
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Type
9.5.2.2 Market Size and Forecast, By Form
9.5.2.3 Market Size and Forecast, By Sales Channel
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Type
9.5.3.2 Market Size and Forecast, By Form
9.5.3.3 Market Size and Forecast, By Sales Channel
10 Europe Nutraceuticals Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Nutraceuticals Market Share Analysis, By Type
10.3 Europe Nutraceuticals Market Size and Forecast, By Form
10.4 Europe Nutraceuticals Market Size and Forecast, By Sales Channel
10.5 Europe Nutraceuticals Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Type
10.5.1.2 Market Size and Forecast, By Form
10.5.1.3 Market Size and Forecast, By Sales Channel
10.5.2 France
10.5.2.1 Market Size and Forecast, By Type
10.5.2.2 Market Size and Forecast, By Form
10.5.2.3 Market Size and Forecast, By Sales Channel
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Type
10.5.3.2 Market Size and Forecast, By Form
10.5.3.3 Market Size and Forecast, By Sales Channel
10.5.4. Russia
10.5.4.1 Market Size and Forecast, By Type
10.5.4.2 Market Size and Forecast, By Form
10.5.4.3 Market Size and Forecast, By Sales Channel
10.5.5. Italy
10.5.5.1 Market Size and Forecast, By Type
10.5.5.2 Market Size and Forecast, By Form
10.5.5.3 Market Size and Forecast, By Sales Channel
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Type
10.5.6.2 Market Size and Forecast, By Form
10.5.6.3 Market Size and Forecast, By Sales Channel
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Type
10.5.7.2 Market Size and Forecast, By Form
10.5.7.3 Market Size and Forecast, By Sales Channel
11 Asia Pacific Nutraceuticals Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Nutraceuticals Market Share Analysis, By Type
11.3 Asia Pacific Nutraceuticals Market Size and Forecast, By Form
11.4 Asia Pacific Nutraceuticals Market Size and Forecast, By Sales Channel
11.5 Asia Pacific Nutraceuticals Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Type
11.5.1.2 Market Size and Forecast, By Form
11.5.1.3 Market Size and Forecast, By Sales Channel
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Type
11.5.2.2 Market Size and Forecast, By Form
11.5.2.3 Market Size and Forecast, By Sales Channel
11.5.3 India
11.5.3.1 Market Size and Forecast, By Type
11.5.3.2 Market Size and Forecast, By Form
11.5.3.3 Market Size and Forecast, By Sales Channel
11.5.4. South Korea
11.5.4.1 Market Size and Forecast, By Type
11.5.4.2 Market Size and Forecast, By Form
11.5.4.3 Market Size and Forecast, By Sales Channel
11.5.5. Australia
11.5.5.1 Market Size and Forecast, By Form and Services
11.5.5.2 Market Size and Forecast, By Form
11.5.5.3 Market Size and Forecast, By Sales Channel
11.5.6. New Zealand
11.5.6.1 Market Size and Forecast, By Type
11.5.6.2 Market Size and Forecast, By Form
11.5.6.3 Market Size and Forecast, By Sales Channel
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Type
11.5.7.2 Market Size and Forecast, By Form
11.5.7.3 Market Size and Forecast, By Sales Channel
11.5.8. Malaysia
11.5.8.1 Market Size and Forecast, By Form and Services
11.5.8.2 Market Size and Forecast, By Form
11.5.8.3 Market Size and Forecast, By Sales Channel
11.5.9 Rest of Asia
11.5.9.1 Market Size and Forecast, By Type
11.5.9.2 Market Size and Forecast, By Form
11.5.9.3 Market Size and Forecast, By Sales Channel
12 Latin America Nutraceuticals Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Nutraceuticals Market Share Analysis, By Type
12.3 Latin America Nutraceuticals Market Size and Forecast, By Form
12.4 Latin America Nutraceuticals Market Size and Forecast, By Sales Channel
12.5 Latin America Nutraceuticals Market Size and Forecast, By Country
12.5.1 Brazil
12.5.1.1 Market Size and Forecast, By Type
12.5.1.2 Market Size and Forecast, By Form
12.5.1.3 Market Size and Forecast, By Sales Channel
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Type
12.5.2.2 Market Size and Forecast, By Form
12.5.2.3 Market Size and Forecast, By Sales Channel
12.5.3. Colombia
12.5.3.1 Market Size and Forecast, By Type
12.5.3.2 Market Size and Forecast, By Form
12.5.3.3 Market Size and Forecast, By Sales Channel
12.5.4. Peru
12.5.4.1 Market Size and Forecast, By Type
12.5.4.2 Market Size and Forecast, By Form
12.5.4.3 Market Size and Forecast, By Sales Channel
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Type
12.5.5.2 Market Size and Forecast, By Form
12.5.5.3 Market Size and Forecast, By Sales Channel
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Type
12.5.6.2 Market Size and Forecast, By Form
12.5.6.3 Market Size and Forecast, By Sales Channel
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Type
12.5.7.2 Market Size and Forecast, By Form
12.5.7.3 Market Size and Forecast, By Sales Channel
13 Middle East Nutraceuticals Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Nutraceuticals Market Share Analysis, By Type
13.3 Middle East Nutraceuticals Market Size and Forecast, By Form
13.4 Middle East Nutraceuticals Market Size and Forecast, By Sales Channel
13.5 Middle East Nutraceuticals Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Type
13.5.1.2 Market Size and Forecast, By Form
13.5.1.3 Market Size and Forecast, By Sales Channel
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Type
13.5.2.2 Market Size and Forecast, By Form
13.5.2.3 Market Size and Forecast, By Sales Channel
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Type
13.5.3.2 Market Size and Forecast, By Form
13.5.3.3 Market Size and Forecast, By Sales Channel
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Type
13.5.4.2 Market Size and Forecast, By Form
13.5.4.3 Market Size and Forecast, By Sales Channel
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Type
13.5.5.2 Market Size and Forecast, By Form
13.5.5.3 Market Size and Forecast, By Sales Channel
13.5.5 Rest of Middle East & Africa
13.5.6.1 Market Size and Forecast, By Type
13.5.6.2 Market Size and Forecast, By Form
13.5.6.3 Market Size and Forecast, By Sales Channel
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Archer Daniels Midland Company-
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 BASF SE
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Cargill, Inc.
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Danone
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 DuPont de Nemours, Inc.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 General Mills Inc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Koninklijke DSM N.V.
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Nestle S.A.
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 PepsiCo, Inc.
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
