Global Nutraceuticals Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Nutraceuticals Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Functional Food (Cereal, Bakery and Confectionary, Dairy, Snack, and Other Functional Foods), Functional Beverage (Energy Drink, Sports Drink, Fortified Juice, Dairy and Dairy Alternative Beverage, and Other Functional Beverages), and Dietary Supplements (Vitamins, Minerals, Botanicals, Enzyme, Fatty Acids, Proteins, and Other Dietary Supplements)), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, Online Retail Stores, and Other Distribution Channels), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Nutraceuticals Market was valued at USD 456,964.3 million in 2023 and is expected to reach USD 620,592.6 million by 2031 while growing at a CAGR of 3.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global nutraceuticals market growth. Nutraceuticals, a blend of "nutrition" and "pharmaceutical," encompass food or products offering health benefits, including disease prevention and treatment. This term underscores their dual role in providing both nutritional and medicinal advantages.
Increasing emphasis on preventive healthcare and rising health consciousness drive the growth of the nutraceuticals market. However, regulatory challenges, as well as issues with quality control and standardization, may pose obstacles to market expansion.
Furthermore, the global nutraceuticals industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Nutraceuticals Market is segmented among Functional Food, Functional Beverage, and Dietary Supplements, based on product type. In 2023, Functional Food accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Distribution Channel Analysis
The Global Nutraceuticals Market is segmented among Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, Online Retail Stores, and Other Distribution Channels, based on Distribution Channels. In 2023, Drug Stores/Pharmacies accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Nutraceuticals Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while North America is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are PepsiCo, Inc., General Mills, Inc., Nestlé S.A., Kellogg Company, Herbalife International of America, Inc., Danone S.A., Now Health Group, Inc. (NOW Foods), Alticor Inc (Amway Corporation), Red Bull GmbH, and Abbott Laboratories.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Nutraceuticals Market Dynamics
Drivers
Restraints
Opportunity
4. Global Nutraceuticals Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Nutraceuticals Market Segmentation, By Product Type
Global Nutraceuticals Market Share Analysis, By Product Type
Global Nutraceuticals Market Growth Analysis, By Product Type
Global Nutraceuticals Market Trends, By Product Type
o Functional Food
Ø Cereal
Ø Bakery and Confectionary
Ø Dairy
Ø Snack
Ø Other Functional Foods
o Functional Beverage
Ø Energy Drink
Ø Sports Drink
Ø Fortified Juice
Ø Dairy and Dairy Alternative Beverage
Ø Other Functional Beverages
o Dietary Supplements
Ø Vitamins
Ø Minerals
Ø Botanicals
Ø Enzyme
Ø Fatty Acids
Ø Proteins
Ø Other Dietary Supplements
6. Global Nutraceuticals Market Segmentation, By Distribution Channel
Global Nutraceuticals Market Share Analysis, By Distribution Channel
Global Nutraceuticals Market Growth Analysis, By Distribution Channel
Global Nutraceuticals Market Trends, By Distribution Channel
o Specialty Stores
o Supermarkets/Hypermarkets
o Convenience Stores
o Drug Stores/Pharmacies
o Online Retail Stores
7. Global Nutraceuticals Market Segmentation, By Region
Global Nutraceuticals Market Share Analysis, By Region
Global Nutraceuticals Market Growth Analysis, By Region
Global Nutraceuticals Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
PepsiCo, Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
General Mills, Inc.
Nestlé S.A
Kellogg Company
Herbalife International of America, Inc.
Danone S.A.
Now Health Group, Inc. (NOW Foods)
Alticor Inc (Amway Corporation)
Red Bull GmbH
Abbott Laboratories
*Similar analysis will be provided for each company listed above.