MarkNtel Advisors analyses the growth rate of the Nutraceutical Products market in the forecast period from 2023 to 2028. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Nutraceutical Products market, helping them make informed decisions.
Market Outlook – 2023-2028:
The Global Nutraceutical Products Market is projected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2023-28. The growing inclination of consumers toward functional foods owing to their increasing health consciousness is the primary aspect driving the nutraceutical industry worldwide. Moreover, the mounting global prevalence of chronic illnesses and stringent norms about food fortification by the governments of different countries further accelerate the market. The development of dietary supplements is anticipated to be sparked by a swift inclination toward medical nutrition owing to the growing applications in treating cardiovascular disease and malnutrition. Other than this, the rising geriatric population, increasing healthcare costs, changing lifestyles, and food innovation have positively influenced industry growth in the past few years.
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Key Company Profiles
This report explores recent significant developments in the Nutraceutical Products Market, focusing on the leading companies and their innovative profiles. The major players in the Nutraceutical Products Market, featured in this report, include:
- Kraft Heinz Company
- The Hain Celestial Group
- Conagra
- General Mills
- Kellogg's
- Nestlé
- Nature’s Bounty
- Amway
- Hero Group
- Barilla Group
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Market Segmentation & Coverage
This research report by MarkNtel Advisors categorizes the Nutraceutical Products Market to forecast revenues and analyse trends across each of the following sub-markets:
- By Type
- Food
- Beverages
- Dietary Supplements
- By Source
- Probiotics
- Prebiotics
- Vitamins
- Minerals
Here, Probiotic products are likely to acquire a sizable market share in the forecast period due to their versatility in treating lifestyle-related diseases.
- By Distribution Channel
- Conventional Stores
- Specialty Stores
- Drug Stores
- Pharmacies
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
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What are the primary factors driving the growth of the Global Nutraceutical Products Market?
Transcending burden of lifestyle disorders
The widespread use of processed and junk food is the primary cause of the prevalence of lifestyle disorders like obesity, diabetes, etc. The use of packaged foods and beverages with high-calorie counts together with little to no physical activity has led to such kind of lifestyle crisis. However, the integration of nutraceutical goods into the general population's everyday routine has been fueled by expanding awareness of leading a healthy lifestyle, rising use of nutritional supplements for immunity building, boosting internal organ functions, etc.
Key Questions Addressed:
- Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
- Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
- Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
- Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
- Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
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