Nutraceutical Products Market Insights, Future Trends, On-going Demand, Opportunities, Segmentation, and Forecast Till 2026

iCrowd Newswire
22 Jan 2021, 09:21 GMT+10

According to the current analysis of Reports and Data, the global nutraceutical products market was USD 253.0 Billion in 2018 and is projected to grow at a CAGR of 7.1% from 2019 to 2026. A variety of terms have appeared worldwide, such as nutraceuticals, medifoods, vitafoods, functional foods, and the more traditional dietary supplements and fortified foods. However, the term functional foods have become the predominant one even though several organizations have attempted to differentiate this emerging food category.

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Nutraceutical products are considered as the food or a part of food that delivers nutritional value to the diet. It is also called as a functional food that contains standardized nutrient and pharmaceutical-grade. These supplements act as source for a dietary supplement to the body through diet & works to prevent diseases. With cumulative educational level, people are becoming ready to accept diverse types of food & beverages that have added nutritional supplements. Hence with this change, nutraceutical products are gaining a traction across the world.

Globally, nutraceutical products are gaining importance and are becoming a part of the consumer's daily diet. The primary reasons for this change have been the increasing prevalence of lifestyle diseases and people consciously taking preventive healthcare measures. Growing the utilization of functional food and beverages by the baby boomer population is expected to augment nutraceutical products market growth over the forecast period. Much of the technological progress in the field of nutraceutical producers will require patience, deep pockets, and a willingness to place risky bets. Nutraceutical products manufacturing companies will need to achieve genuine breakthroughs to tackle a wide range of conditions. Nutraceutical products are likely to benefit from the trend of personalized medicine; therefore, using and creating technology which aids this movement will be a crucial factor.

Further key findings from the report suggest

By product type, functional foods hold an outstanding share of 47.5% in 2018. The snowballing trend of on-the-go snacking and the increasing demand for nutritional food supplements are factors predictable to impel the demand for snacks products containing functional nutraceuticals.

A complex range of regulations applies to nutraceuticals in the EU, depending on the product type. These are mainly overseen by the European Food Safety Authority (EFSA), which also evaluates claims and has a public Register of Nutrition and Health Claims. The EFSA also sets maximum and minimum levels of ingredients to be added to supplements. Between 2008 and 2011 the EFSA evaluated 2,758 food-related general health claims to see if they were supported by scientific evidence. Only around 10 percent of the claims could be substantiated.

Major vendors in the global nutraceutical products market are Kraft Heinz Company (US), The Hain Celestial Group (US), Conagra (US), General Mills (US), Kellogg's (US), Nestlé (Switzerland), Nature's Bounty (US), Amway (US), Pfizer Inc. (US), and Freedom Food Group Limited (Australia). are some of the major players in nutraceuticals market. In April 2019, the Nestlé Health Science entered into a strategic partnership with Amazentis (Switzerland); this would create growth opportunities for Nestlé in the consumer healthcare and medical nutrition segments.

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the nutraceutical products market on the basis of source, products, distribution channel, and region:

Source (Revenue, USD Million; 2019-2026)

Proteins & Amino Acids

Probiotics

Phytochemicals & Plant Extracts

Fibers & Specialty Carbohydrates

Omega-3 Fatty Acids

Vitamins

prebiotics

Carotenoids

Minerals

Others

Products (Revenue, USD Million; 2019-2026)

Food
- Snacks
- Confectionery
- Bakery
- Dairy
- Infant Nutrition
- Others

Beverages
- Beverages
- Health Drinks
- Energy Drinks
- Juices
- Dairy and Dairy Alternative Beverage
- Others

Dietary Supplements
- Vitamins
- Fatty Acids
- Minerals
- Proteins
- Botanicals
- Enzyme

Distribution Channel (Revenue, USD Million; 2019-2026)

Conventional Stores
- Grocery Stores
- Mass Merchandisers
- Warehouse
- Online retail

Pharmacies/Drugstores

Specialty Stores
- Bakery Stores
- Confectionery Stores
- Gourmet Stores
- Health Centers
- Cosmetic Stores

Regional Outlook (Volume, Kilo Tons; 2019-2026 and Revenue, USD Million; 2019-2026)

North America

Europe

Asia Pacific

Middle East & Africa

Latin America

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Table of contents

Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics

3.1. Macro-Economic Indicators

3.1.1. Rising Global Demand for functional foods

3.1.2. Demand from Emerging Economies

Chapter 4. Nutraceutical Products Segmentation & Impact Analysis

4.1. Nutraceutical Products Segmentation Analysis

4.2. Nutraceutical Products Market Impact Analysis

4.2.1. Market driver analysis

Continued….

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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