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Global Nutraceuticals Market

March 19, 2018

Global Nutraceuticals Market, By Type (Functional Food (Probiotics, Omega Fatty Acids, Vitamins and Minerals, Proteins and Peptides, and Others), Functional Beverages (Energy Drinks, Sports Drinks, Fortified Juices, Fortified Dairy Beverages, and Others), and Dietary Supplements (Protein Supplements, Vitamins and Minerals, Herbal Supplements, and Others), By Source (Animal, Plant, and Microbial), By Form (Powder, Liquid & Gummies, and Capsules, Tablets, and Soft gels), By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Drug Stores/Pharmacies, Online, and Others), By Health Benefits (Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weight Management, and Others), Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa), Global Forecast, 2020-2025.

Report Code :FMR608      
Pages :233 Pages
Format :   PPT Format   PDF Format

The global nutraceuticals market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). A Nutraceuticals is a type of substance that delivers health benefits, psychological benefits, and boost immunity against chronic diseases. The factors such as rising demand for nutritional food products increasing incidence of chronic diseases, growing aging population, and appropriate dietary choices are anticipated to pave the lucrative growth opportunity over the forecast period.

Table 1. Global Nutraceuticals Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Type)

Functional Food (Probiotics, Omega Fatty Acids, Vitamins and Minerals, Proteins and Peptides, and Others), Functional Beverages (Energy Drinks, Sports Drinks, Fortified Juices, Fortified Dairy Beverages, and Others), and Dietary Supplements (Protein Supplements, Vitamins and Minerals, Herbal Supplements, and Others)

Market Segmentation (By Source)

Animal, Plant, and Microbial

Market Segmentation (By Form)

Powder, Liquid & Gummies, and Capsules, Tablets, and Soft gels

Market Segmentation (By Distribution Channel)

Hypermarket/Supermarket, Specialty Stores, Drug Stores/Pharmacies, Online, and Others

Market Segmentation (By Health Benefits)

Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weight Management, and Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa

Key Players Coverage

Glanbia plc, GlaxoSmithKline plc, Amway Corporation, Perrigo Company plc, Meiji Holdings Co., Danone SA, Abbott Laboratories, E.I.D. Parry, Daflorn Ltd., Yakult Honsha Co., Bactolac Pharmaceutical Inc., Aland Nutraceutical Co., Archer Daniels Midland Company, Premier Nutraceutical Pvt. Ltd., and WR Grace, among Others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

Nutraceuticals products provide health and medical benefits owing to the presence of omega-3 fatty acids and multiple nutrients and are expected to foster the demand for the market. For instance, in August 2018, ADM declared the addition of Onavita algal DHA powder to its line of omega-3 products to increase health benefits. The new Omega-3 powder includes vitamins, nutritional oils, botanical extracts, and probiotics.

The companies are innovating their strategies and showcasing growing trends. For instance, in October 2018, Vitafoods showcased the company’s science-based innovations, such as developing new ingredients like BCAA in fortified or nutritional foods and beverages to make it more effective.

However, the high cost of production of raw materials and the excess time-consuming in the lab-to-market pipeline are expected to restraint the nutraceuticals market growth to some extent over the forecast period.

Figure 1. PORTER’S Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America is anticipated to witness the major growth of the nutraceuticals market. The market of North America is accounted to possess significant growth due to the geriatric population and an increasing factor of preventive healthcare. For instance, in January 2018, the CK Nutraceuticals company made investments such as strategic partnerships, acquisitions, collaborations, and others to expand the U.S. presence globally and provide a wide range of nutraceuticals.

Moreover, the Asia-Pacific region is also expected to contribute significant growth of the nutraceuticals market, owing to an increase in the preference of physical and mental fitness and demand for cosmetics products in the nutraceuticals market. For instance, in January 2020, Pure Nutrition which is an India-based nutraceutical company launched a variety of cosmetic products rich in nutrition.

Figure 2. Regional Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in the global nutraceuticals market include Glanbia Plc, GlaxoSmithKline Plc, Amway Corporation, Perrigo Company Plc, Meiji Holdings Co., Danone SA, Abbott Laboratories, E.I.D. Parry, Daflorn Ltd, Yakult Honsha Co., Bactolac Pharmaceutical Inc., Aland Nutraceutical Co., Archer Daniels Midland Company, Premier Nutraceutical Pvt. Ltd., and WR Grace, among others.

. The companies are focusing on their product development and innovation to hold the major share in the market. For instance, in July 2019, Amway launched the Nutrilite Cal Mag D Plus, a modified product of calcium supplement to enhance the immunity of bones and health.

Various players of the nutraceuticals market also strive to acquisitions, partnerships, agreements, and collaborations with other companies to expand the business globally. For instance, in October 2018, Glanbia Plc signed an agreement with HNS Intermediate Corporation and KSF Holdings LLP to acquire Slim Fast for US$ 350 Mn as Slim Fast is one of the most leading nutritional supplements and acquires high demand by the consumers.

Figure 3. Market Share of Key Players, 2019

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Type

  • Functional Food
    • Probiotics
    • Omega Fatty Acids
    • Vitamins & Minerals
    • Proteins & Peptides
    • Others
  • Functional Beverages
    • Energy Drinks
    • Sport Drinks
    • Fortified Juices
    • Fortified Dairy Beverages
    • Others
  • Dietary Supplements
    • Protein Supplements
    • Vitamins and Minerals
    • Herbal Supplements
    • Others

By Source

  • Animal
  • Plant
  • Microbial

By Form

  • Powder
  • Liquid & Gummies
  • Capsules, Tablets, and Softgels

By Distribution Channel

  • Specialty Stores
  • Hypermarket/Supermarket
  • Drug Stores/Pharmacies
  • Online
  • Others

By Health Benefits

  • Cognitive Health
  • Gut Health
  • Heart Health
  • Bone Health
  • Immunity
  • Nutrition
  • Weight Management
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note:This report provides an in-depth analysis of the global nutraceuticals market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global nutraceuticals market?
  • What key factors are expected to increase the demand for the nutraceuticals market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global nutraceuticals market?
  • What was the total market value (US$ Mn) generated in the global nutraceuticals market by type in 2019, and what are the forecasts by 2025?
  • Which source of nutraceuticals is expected to foster the nutraceuticals market growth?
  • Which form is expected to propel the nutraceuticals market in the foreseen future?
  • Which application is expected to foster the nutraceuticals market growth?
  • Which distribution channel holds the highest CAGR (%) in the nutraceuticals market?
  • Which health benefits are expected to foster the nutraceuticals market growth?
  • What was the total revenue generated by the global nutraceuticals market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global nutraceuticals market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the nutraceuticals market?
  • What are the major outcomes derived from the Porter’s five forces?
  • What new products are going to be approved or launched in the coming years which may have huge impact on the market?
  • What insights are derived through the analysis of key players on following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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