The “Global Nutraceuticals Market to 2027 - Analysis and Forecasts by Type (Functional Food, Functional Beverages, Dietary Supplements, Personal Care and Pharmaceuticals); Application (General Wellness, Beauty and Anti-Aging, Weight Management, Digestive Health, Sports and Energy), and Geography”. The scope of study involves understanding on the factors responsible for this growth of nutraceuticals market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant nutraceuticals players in the market and their key developments.
The global nutraceuticals market accounted to US$ 252,535.4 Mn in 2018 and is expected to grow at a CAGR of 7.1% during the forecast period 2019 – 2027, to account for US$ 465,709.8 Mn by 2027. The North American region accounted for the maximum share in the global nutraceuticals market. The companies are continuously enhancing the overall business processes to meet the customer's demand in the best possible way. Several domestic and international companies have a strong foothold in the North American region. In the North America region, the US is a major market for nutraceuticals. Rising demands from various end use industries like pharmaceuticals, cosmetics, dietary supplements, functional food and beverages, is one of the key factors driving the North American market. Growing health consciousness amongst the consumers is also driving the market growth. Major market players present in the North America nutraceuticals market, Includes Amway, Herbalife International of America, Inc., Kellogg Co., and Nestle SA, among others.
The nutraceuticals market based on type has been segmented into functional food, functional beverages, dietary supplements, personal care and pharmaceuticals. The functional food segment accounted for the largest share in the global nutraceuticals market. The functional food aids in maintaining and improving functional body aspects like dental and bone health, immune system, digestive system, and cardiovascular systems, among others. Thus, largely being preferred by the customers. These are the foods that offers customers, with enhanced performance and health by introduction of healthy ingredients.
The global nutraceuticals market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. The North America region is expected to account for the largest share of the global Nutraceuticals market in 2018, followed by Asia Pacific and Europe. Some of the major players in the Nutraceuticals market include Amway, Danone SA, Abbott, Kellogg Co., Herbalife International of America, Inc., and Nestle SA, among others.
Global Nutraceuticals Market - By Type
Global Nutraceuticals Market - By Application
Global Nutraceuticals Market - By Geography
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