Learn about the global nutraceuticals market through The Business Research Company, which provides information on nutraceuticals market size, nutraceuticals market drivers and restraints, nutraceuticals market players, the COVID-19 impact on the nutraceuticals market, and more.

The global nutraceutical market size is expected to grow from $341.14 billion in 2021 to $370.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.75%. The growth in the market is mainly due to the companies’ rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global nutraceuticals market size is expected to reach $531.55 billion in 2026 at a CAGR of 9.41%.

The rise in the geriatric population is significantly contributing to the growth of the nutraceutical market.

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The nutraceutical market consists of sales of nutraceutical products by entities (organizations, sole traders, and partnerships) that are classified as food, but they are also used for medical purposes. Nutraceuticals are specially designed consumable products from various food sources that contain a high concentration of bioactive compounds that have several nutritional, health, and medicinal benefits. Nutraceutical products and supplements can be taken by an individual along with a normal daily diet to get additional nutrients to promote good health and wellbeing. Nutraceutical products are used to improve health, prevent chronic diseases, increase life expectancy, and support the physical and mental health of an individual. They are also proven to have a potentially positive effect on health conditions like cardiovascular disease, hypertension, diabetes, inflammation, cancer, and others.

Global Nutraceuticals Market Segments Include:

By Type: Vitamins and Minerals, Probiotics, Proteins and Peptides, Omega Fatty Acids, Others

By Source: Plant, Animal, Microbial

By Application: Functional Food, Functional Beverages, Dietary Supplements, Personal Care, Animal Nutrition, Others

By Product Form: Capsules, Tablets, Softgels, Powder, Liquid, Gummies

By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, Online Retail Stores, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America will be the largest region in the nutraceutical market.

New product development is the key trend being followed by the companies operating in the nutraceutical market. This is due to the presence of a large number of nutraceutical companies operating in the market and their desire to extend their growth in new areas to be a leader in the market.

TBRC’s Nutraceuticals Market Report Covers:

Major Market Players: Cargill Incorporated., Abbott, ADM, BASF SE, Nestle, PepsiCo, General Mills, DuPont, DSM, Herbalife International of America Inc, Kellogg Co., Amway Corp., Innophos, W. R. Grace & Co.-Conn., and Bactolac Pharmaceutical Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Nutraceuticals Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides nutraceuticals market overviews, analyzes and forecasts market size, share, nutraceuticals market players, nutraceuticals market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s nutraceuticals market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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