The global nutraceuticals market is set to witness growth at a CAGR of 12.9% between 2022 and 2032, reaching to an evaluation of USD 1,354.2 Bn by 2032, while it is valued at US$ 402.5 Bn in 2022.
Nutraceuticals market survey explains that functional quality can be described as any food product that has an added functionality as a result of the addition of ingredients. Sales of functional foods have been steadily increasing since more customers search out diversified and nutritional food products with unique and healthy ingredients. The above demand could also be likened to consumers seeking healthier versions of commonly consumed food products as a result of an overall poor nutrition in many of these diets, pushing the sales of Nutraceuticals.
Request for the Comprehensive Report Sample@
Most of the recent product releases or improvements by producers were aimed at adding more functionality to traditional food products with latest supplementary food market trends. This demand has also resulted in the development of several new product categories, which is shaping future growth to a considerable extent while fueling the demand for Nutraceuticals.
Key Takeaways from Market Study
- The nutraceuticals market is estimated to expand at CAGRs of 12.9% over the forecasted period (2022-2032)
- In Asian countries China, India and Japan holds dominant position Asia's nutraceuticals market
- The European nutraceuticals market is currently holds around 30% of value share in 2022.
- Among the product type segment of the nutraceuticals market, the functional foods hold leading market share followed by dietary supplements
- North America is foremost revenue generating region for nutraceuticals and is anticipated to grow with CAGR of 8.9% over forecasted period.
"Manufacturers of Nutraceuticals products would achieve substantial revenues by targeting the functional food and beverages industry. Immunity boosting products due to the in covid era are playing crucial role in one's life, hence targeting that segment of functionality will impact the market positively", says a Future Market Insights analyst.
Ask Your Queries to Analyst@
- Bicodex declared the unveiling of novel probiotic supplements-Florastor Baby. The supplement is aiming to maintaining digestive health and also in order to boost immunity, pushing the competition while increasing the demand for Nutraceuticals.
- Lately, Archer Daniels Midland Company stated the purchase of Probiotic International Limited to expand their sales channels and fuel the sales of Nutraceuticals.
- Royal DSM declared that it has purchase Bio care Copenhagen for the development of its gut health range include probiotics, increasing the product availability.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Nutraceuticals market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on product type (functional food, functional beverages and dietary supplement), form (Soft-Gels, Capsules, Liquids, Tablets, Powder & Granules), and sales channel (On Direct Sales/B2B and Indirect Sales/B2C) across seven major regions of the world.
About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
Explore FMI's Other Extensive Reports of Food & Beverage :
Nutraceutical Excipients Market Share : The global nutraceutical excipients market, forecasting it to reach a valuation of US$ 2186.2 Mn by 2021. Demand for nutraceutical excipients is expected to remain positive, increasing at a CAGR of 7.10% between 2021 and 2031.
Nutraceutical Gummies Market Size : The U.S. currently leads the global market and its valuation is expected to reach US$ 28.5 Bn by 2031.
Asia Pacific Nutraceuticals Market Growth : The Asia Pacific nutraceuticals market is likely to secure a CAGR of 6.9% during the forecast period, and attain a value of US$ 1,64,838.78 Million by 2032
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers-
United Arab Emirates
For Sales Queries: firstname.lastname@example.org
Browse All Report: https://www.futuremarketinsights.com/reports
The post Nutraceuticals Market Worth US$ 1354.2 Billion by 2022-2032| Future Market Insights appeared first on Future Market Insights.
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.