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Nutraceuticals Market Size, Share & Trends Analysis Report By Product (Dietary Supplements, Functional Foods, Functional Beverages), By Application (Allergy & Intolerance, Animal nutrition), By Region, And Segment Forecasts, 2024 - 2030

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    Report

  • 220 Pages
  • August 2024
  • Region: Global
  • Grand View Research
  • ID: 4452005
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Nutraceuticals Market Growth & Trends

The global nutraceuticals market size is expected to reach USD 1.25 trillion by 2030, expanding at a CAGR of 8.4% from 2024 to 2030. Rising awareness regarding calorie reduction and weight loss in the major markets including the U.S., China, and India is expected to promote the application of the health and wellness segment and thus, in turn, will have a substantial impact on the industry.

Nutraceuticals are products that provide health advantages and additional nutrition to the human body. It comprises fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, that develop the complete health of consumers. These nutrients further benefit in averting medical conditions such as hypertension, diabetes, heart diseases, and allergies. As nutraceuticals develop the digestive and immune systems and enhance the cognitive behavior of consumers, their demand is witnessing a surge at the global level.

The increasing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in the costs of pharmaceuticals is anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.

A rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the market growth over the forecast years. A positive outlook towards medical nutrition owing to the high prevalence of weight management programs, along with cardiovascular diseases, is anticipated to propel the product demand.

The rise and evolution of wellness-focused diets such as keto and paleo are driving food producers to cater their products in this direction. Functional food products such as probiotics and omega-3 are highly used in yogurt and fish oils in order to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the growth of the functional food segment over the coming years.

Nutraceuticals Market Report Highlights

  • In the functional food product segment, the prebiotics and probiotics segment is projected to witness significant growth over the forecast period owing to the majority of food manufacturing companies using probiotics as a primary ingredient to provide better nourishment and reduce health problems caused by harmful bacteria
  • In the dietary supplement product segment, vitamins emerged as the largest segment in 2023. The segment is expected to witness significant growth in the coming years
  • In terms of product, the functional foods segment dominated the market with a revenue share of 37.65% in 2023. Rising healthcare costs, coupled with the increasing geriatric population across the world, are anticipated to assist the segment growth over the forecast period
  • Asia Pacific accounted for the largest revenue share of over 36.9% in 2023. The growing health concerns amongst consumers and increasing awareness regarding nutraceuticals are likely to be the major drivers of the Asia Pacific market
  • The market represents a highly competitive landscape. Key market players dominate the market space and have been focusing on various strategic initiatives including mergers & acquisitions, product innovation, and portfolio expansion

Why should you buy this report?

  • Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
  • Competitive Landscape: Explore the market presence of key players worldwide.
  • Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
  • Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

This report addresses:

  • Market intelligence to enable effective decision-making
  • Market estimates and forecasts from 2018 to 2030
  • Growth opportunities and trend analyses
  • Segment and regional revenue forecasts for market assessment
  • Competition strategy and market share analysis
  • Product innovation listing for you to stay ahead of the curve
  • COVID-19's impact and how to sustain in these fast-evolving markets


This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Research Methodology
1.3 Assumptions
1.4 Information Procurement
1.4.1 Purchased Database
1.4.2 Internal Database
1.4.3 Secondary Sources
1.4.4 Third Party Perspective
1.4.5 Primary Research
1.5 Information Analysis & Data Analysis Models
1.6 List of Data Sources
Chapter 2 Executive Summary
2.1 Market snapshot
2.2 Segmental insights
2.3 Competitive insights
Chapter 3 Nutraceuticals Market: Industry Outlook
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Major Raw Material Trends
3.3. Regulatory Framework
3.4. Technology Overview
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.2. Industry Analysis - PESTEL
3.7. Market Entry Strategies
Chapter 4 Nutraceuticals Market: Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Behavior
4.4. Consumer Service Adoption Trends
4.5. Key Observations & Findings
Chapter 5 Nutraceuticals Market: Product Estimates & Trend Analysis
5.1 Product Movement Analysis & Market Share, 2023 & 2030
5.2 Nutraceuticals Market Estimates & Forecast, By Product, 2018 - 2030 (USD Million)
5.2.1 Dietary supplements
5.2.1.1 Vitamins
5.2.1.2 Botanicals
5.2.1.3 Minerals
5.2.1.4 Proteins & Amino Acids
5.2.1.5 Fibers & Specialty Carbohydrates
5.2.1.6 Omega Fatty Acids
5.2.1.7 Probiotics
5.2.1.8 Prebiotics & Postbiotics
5.2.1.9 Others
5.2.2 Functional foods
5.2.2.1 Carotenoids
5.2.2.2 Dietary Fibers
5.2.2.3 Fatty Acids
5.2.2.4 Minerals
5.2.2.5 Prebiotics & Probiotics
5.2.2.6 Vitamins
5.2.2.7 Others
5.2.3 Functional beverages
Chapter 6 Nutraceuticals Market: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share, 2023 & 2030
6.2 Nutraceuticals Market Estimates & Forecast, By Application, 2018 - 2030 (USD Million)
6.2.1 Allergy & intolerance
6.2.2 Animal nutrition
6.2.3 Healthy ageing
6.2.4 Bone & joint health
6.2.5 Cancer prevention
6.2.6 Children's health
6.2.7 Cognitive health
6.2.8 Diabetes
6.2.9 Digestive / Gut health
6.2.10 Energy & endurance
6.2.11 Eye health
6.2.12 Heart health
6.2.13 Immune system
6.2.14 Infant health
6.2.15 Inflammation
6.2.16 Maternal health
6.2.17 Men's health
6.2.18 Nutricosmetics
6.2.19 Oral care
6.2.20 Personalised nutrition
6.2.21 Post Pregnancy and reproductive health
6.2.22 Sexual health
6.2.23 Skin health
6.2.24 Sports nutrition
6.2.25 Weight management & satiety
6.2.26 Women's health
6.2.27 Others
Chapter 7 Nutraceuticals Market: Regional Estimates & Trend Analysis
7.1 Global Nutraceuticals Market: Regional Outlook
7.2 North America
7.2.1 North America Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.2.2 U.S.
7.2.2.1 U.S. Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.2.3 Canada
7.2.3.1 Canada Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.2.4 Mexico
7.2.4.1 Mexico Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3 Europe
7.3.1 Europe Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.2 Germany
7.3.2.1 Germany Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.3 France
7.3.3.1 France Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.4 Italy
7.3.4.1 Italy Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.5 U.K.
7.3.5.1 U.K. Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.6 Spain
7.3.6.1 Spain Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.7 The Netherlands
7.3.7.1 The Netherlands Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.2 China
7.4.2.1 China Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.3 Japan
7.4.3.1 Japan Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.4 India
7.4.4.1 India Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.5 Australia & New Zealand
7.4.5.1 Australia & New Zealand Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.6 South Korea
7.4.6.1 South Korea Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.5 Central & South America
7.5.1 Central & South America Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.5.2 Brazil
7.5.2.1 Brazil Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.5.3 Argentina
7.5.3.1 Argentina Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.6.2 UAE
7.6.2.1 UAE Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.6.3 South Africa
7.6.3.1 South Africa Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include
8.9.1. DSM
8.9.2. Amway
8.9.3. Pfizer Inc.
8.9.4. Nestle
8.9.5. The Kraft Heinz Company
8.9.6. The Hain Celestial Group, Inc.
8.9.7. Nature's Bounty
8.9.8. General Mills Inc
8.9.9. Danone
8.9.10. Tyson Foods
List of Tables
Table 1 Nutraceuticals Market Revenue Estimates and Forecasts, By Product, 2018 - 2030 (USD Million)
Table 2 Nutraceuticals Market Revenue Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
Table 3 Company Market Share, 2023
List of Figures
Fig. 1 Nutraceuticals market segmentation & scope
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Primary research process
Fig. 5 Primary research approaches
Fig. 6 Nutraceuticals market: Market snapshot
Fig. 7 Nutraceuticals market: Segment outlook
Fig. 8 Nutraceuticals market: Competitive outlook
Fig. 9 Nutraceuticals market: Penetration & growth prospect mapping
Fig. 10 Nutraceuticals market: Value chain analysis
Fig. 11 Nutraceuticals market: Porter’s analysis
Fig. 12 Nutraceuticals market: PESTEL analysis
Fig. 13 Nutraceuticals market, by product: Key takeaways
Fig. 14 Nutraceuticals Market, by product: Market Share, 2023 & 2030
Fig. 15 Dietary supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 16 Vitamin supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 17 Botanical supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 18 Mineral supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Protein & amino acids supplement market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 20 Fibers & specialty carbohydrates supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 21 Omega fatty acids supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 22 Probiotic supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 23 Prebiotics & postbiotic supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 24 Other dietary supplements market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 25 Functional food market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 26 Carotenoids-based functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 27 Dietary fibers-based functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 28 Fatty acids-based functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 29 Mineral-based functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 30 Prebiotics & Probiotics-based functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 31 Vitamin-based functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 32 Other functional foods market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 33 Functional beverages market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 34 Nutraceuticals market, by Application: Key takeaways
Fig. 35 Nutraceuticals Market, by Application: Market Share, 2023 & 2030
Fig. 36 Allergy & intolerance market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 37 Animal nutrition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 38 Healthy ageing market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 38 Bone & joint health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 39 Cancer prevention market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 40 Children's health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 41 Cognitive health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 42 Diabetes market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 43 Digestive / Gut health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 44 Energy & endurance market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 45 Eye health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 46 Heart health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 47 Immune system market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 48 Infant health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 49 Inflammation market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 50 Maternal health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 51 Men's health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 52 Nutricosmetics market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 53 Oral care market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 54 Personalised nutrition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 55 Post Pregnancy and reproductive health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 56 Sexual health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 57 Skin health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 58 Sports nutrition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 59 Weight management & satiety market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 60 Women's health market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 61 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 62 North America market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 63 U.S. market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 64 Canada market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 65 Mexico market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 66 Europe market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 67 Germany market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 68 France market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 69 Italy market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 70 U.K. market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 71 Spain market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 72 The Netherlands market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 73 Asia Pacific market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 74 China market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 75 India market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 76 Japan America market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 77 Australia & New Zealand market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 78 South Korea market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 79 Central & South America market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 80 Brazil market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 81 Argentina market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 82 Middle East & Africa market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 83 UAE market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 84 South Africa market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 85 Nutraceuticals market: Key Company/Competition Categorization
Fig. 86 Nutraceuticals market: Company market share analysis (public companies)
Fig. 87 Company market position analysis

Companies Mentioned

  • DSM
  • Amway
  • Pfizer Inc.
  • Nestle
  • The Kraft Heinz Company
  • The Hain Celestial Group, Inc.
  • Nature's Bounty
  • General Mills Inc.
  • Danone
  • Tyson Foods

Methodology

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Table Information

Report AttributeDetails
No. of Pages220
PublishedAugust 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 712.97 Billion
Forecasted Market Value ( USD ) by 2030 $ 1251.07 Billion
Compound Annual Growth Rate8.4%
Regions CoveredGlobal
No. of Companies Mentioned10

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