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Nutraceuticals - Global Strategic Business Report

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    Report

  • 809 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338402

Global Nutraceuticals Market to Reach $602.5 Billion by 2030

The global market for Nutraceuticals estimated at US$357.2 Billion in the year 2023, is projected to reach a revised size of US$602.5 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2023-2030.

Functional Foods, one of the segments analyzed in the report, is projected to record 6.8% CAGR and reach US$278.3 Billion by the end of the analysis period. Growth in the Functional Beverages segment is estimated at 7.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $121.1 Billion, While China is Forecast to Grow at 8.1% CAGR

The Nutraceuticals market in the U.S. is estimated at US$121.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$76.5 Billion by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 5.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 283 Featured)

  • Abbott Laboratories, Inc.
  • Archer Daniels Midland Company
  • Amway Corporation
  • Aurobindo Pharma Ltd.
  • Abbott Nutrition
  • AquaHydrate, Inc.
  • AOR Canada
  • Arjuna Natural Pvt. Ltd.
  • Baobab Foods, Inc.
  • Bajaj Healthcare Ltd.
  • Adept Life Sciences
  • Bayer HealthCare
  • Bayrouti Laboratories
  • Basic Research
  • ANAGENIX

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Nutraceuticals - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • An Introduction to Nutraceuticals
  • Dietary Supplements
  • Functional Foods and Beverages
  • Nutraceuticals: Functional Foods and Dietary Supplements for Active, Aging, and Connected Consumers
  • Global Nutraceuticals Market: Fast Facts
  • Developed Regions Dominate Nutraceutical Sales
  • Developing Economies to Spearhead Long-term Growth
  • Competition
  • Pharmaceutical and Food Companies Play a Growing Role in Nutraceutical Market
  • Pharma Companies Strive for Success in the Nutrition Business
  • Insight into Nutraceuticals Manufacturing Trends across the World
  • World Brands
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • NoTable Trends Transforming the Global Nutraceuticals Market
  • Growing Focus on Healthy Lifestyles Drives Focus onto Functional Foods
  • Key Health Benefits of Functional Foods
  • Natural Attribute of Functional Foods Drives their Popularity over Dietary Supplements
  • Growing Focus on Health & Fitness Drives Demand for Functional Sports Energy Drinks
  • Global Functional Beverages Market Breakdown (in %) by Type
  • Number of Health and Fitness Clubs Worldwide (in Thousands)
  • Growing Consumer Emphasis on Combating Various Diet-Related Health Issues Drives Demand for Dietary Supplements
  • Innovation Blurs the Line Between Supplements and Foods
  • Supplementing Vitamins and Minerals Deficiencies to Fuel Market Demand
  • Market Benefits from the Rising Awareness about Advantages of Supplements in Enhancing Health and Wellbeing
  • Sports Nutrition Supplements Gain Immense Popularity
  • Social Media’s Impact on Fitness and Healthy Lifestyles Drives Consumers Towards Supplementation
  • Personalization and E-Commerce Trend Gain Prominence in the Vitamins & Dietary Supplements Market
  • Emergence of Nutritional Psychiatry Signal Opportunities for Mineral Supplements
  • Ineffectiveness of Antibiotics Shifts Consumer Attention to Dietary Supplements
  • Minerals Continue to Gain Significance in Nutraceuticals Market
  • Rising Uptake of Amino Acid-Based Dietary Supplements
  • Noteworthy Trends in Dietary Supplements
  • Regulatory Overview
  • Probiotics: A Step in the Right Direction towards Better Nutraceuticals
  • Dairy Products: The Most Popular Probiotic Delivery Vehicle
  • Probiotic Supplements Poised for High Gains
  • Global Market for Digestive Health Food & Drinks by Ingredients (in %)
  • Prebiotics: An Important Ingredient Promoting Gut Health, Brain Health, and Immunity
  • Growing Role of Prebiotic Ingredients in Functional Foods
  • Manufacturers of Prebiotic Ingredients See Major Opportunities
  • Personalization and Semi-Personalization of Nutrition and Supplements: The Next Big Thing in Nutraceuticals
  • Rising Cognitive, Mobility, and Cardiovascular or Gastrointestinal Health Needs of Expanding Aging Population: A Weighty Growth Driver
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Omega-3 Supplementation Essential for Maintaining Cognitive Function in Older People
  • Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Spending on Nutraceuticals
  • Role of Nutraceuticals in Cholesterol Control
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Fatalities by Heart Conditions: Percentage Breakdown by Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Rising Diabetes Prevalence Drives Demand for Nutraceuticals
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Popular Functional Foods with Bioactive Compounds for Diabetics
  • Increasing Cancer Incidence: Focus on Functional Foods
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Increasing Healthcare Costs and the Resulting Need for Preventive Medication Lends Traction to Market Growth
  • World Healthcare Expenditure (In US$ Trillion) for the Years for 2017, 2019, 2021 and 2023
  • Omega-3 and Other Marine Bioactive Molecules Drive Demand for Marine Nutraceuticals
  • Major Marine Bioactive Molecules: Brief Details of Sources, Applications and Health Benefits
  • Health Benefits of Omega-3 Fatty Acids Drive Demand in Supplements and Functional Foods
  • Global Omega-3 Fatty Acids Ingredients Market Breakdown of Value Sales by Application (2020)
  • Omega 3 Rich Fish Oil Pills: Most Effective Functional Food for Heart Health
  • Growing Prominence of Functional Foods and Dietary Supplements in Weight Management Augurs Well for the Market
  • Obesity Prevalence Rate (%) in Select Countries for the Years 2019 and 2030P
  • Average Per Capita Annual Health Expenditure (In US$) due to Obesity by Country
  • Key Nutraceuticals for Weight Management
  • Medicinal Mushrooms Gain Foothold in Nutraceutical Applications
  • Nanoencapsulation Improves Delivery and Bioavailability of Nutraceuticals
  • Growing Role of Nutraceutical Spices
  • Nutraceuticals Make Inroads into the Beauty Products Market
  • Focus of Women on Healthy Living Benefits Market Expansion
  • Women Emerge as Major Consumers of Dietary Supplements
  • Millennials’ Focus on Health, Fitness, Nutrition, and Convenience Drive Robust Demand for Nutraceuticals
  • Consumers Acknowledge Benefits of Nutricosmetics
  • Digital Eyestrain and Other Vision Related Concerns Underline Significance of Eye Health Nutraceuticals
  • Rise of Skincare Nutraceuticals
  • Nutraceutical Innovations & Advancements Boost Market Growth
  • Hyper-Functional Beverages
  • Evidence-based Nutraceuticals
  • Artificial Intelligence Influences Nutraceuticals Market
  • Nutraceuticals to Develop as Science-driven Industry
  • Manufacturers Innovate on Delivery Formats to Attract New Consumers
  • Digital Marketing Opens up New Avenues of Growth for Market Participants
  • E-Commerce Emerges as a Key Distribution Channel for Nutraceuticals
  • Macro Factors and Demographic Trends Present Growth Opportunities
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Burgeoning Middle Class Population
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Issues Confronting the Nutraceuticals Market
  • Product Safety Issues
  • Non-Uniform Regulatory Environment
  • Poor Awareness Pertaining to Impact of Nutrition on Health
  • Higher Product Costs
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Nutraceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Nutraceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Nutraceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Functional Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Functional Foods by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Functional Foods by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Functional Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Functional Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Functional Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Dietary Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Dietary Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Dietary Supplements by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Supermarkets / Hypermarkets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Supermarkets / Hypermarkets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Supermarkets / Hypermarkets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Convenience Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Convenience Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Convenience Stores by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Other Distribution Channels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Nutraceuticals Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Nutraceuticals Market Benefits from the Growing Awareness about Health and Wellness
  • Functional Foods Market Benefits from Aging Population & Growing Focus on Health & Wellness
  • Rise in Popularity of Healthy Functional Beverages
  • Baby Boom Opens New Window of Opportunity for Functional Foods & Drinks for Kid’s Health
  • Rise in Demand for Products that Promote Gut and Digestive Health
  • Dietary Supplements Usage Continues to Grow
  • US Dietary Supplements Market Breakdown by Product (in %)
  • Wide Range of Product Availability with Research-Supported Effectiveness Drive Demand for Supplements
  • Self-Medication and Preventive Healthcare Trends Lend Traction to Market Growth
  • Nutraceutical Solutions for Joint Health: Addressing a Major Health Concern
  • Self-Treatment of Joint Pain to Drive US Glucosamine Supplements Market
  • Noteworthy Trends in the US Nutraceuticals and Dietary Supplements Market
  • Aging Population: A Prime Target for Nutraceutical Companies
  • US Population by Age Group (in %) for 2018, 2030 & 2050
  • North American Aging Population (in Thousands) by Age Group: 1975-2050
  • Women: A Crucial Customer Base
  • Distribution Channels
CANADA
  • Health & Wellness Trend Drives Functional Foods Market
  • Advancements in Food and Nutrition Technologies Sustain Growth in the Nutraceuticals Market
  • Functional Foods & Beverages Witness Steady Rise in Demand
JAPAN
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Japan: A Promising Market for Health & Wellness Foods
  • Aging Population: A Prime Target for Dietary Supplements & Functional Foods Markets
  • Japanese Elderly (65+ Years) Population: 2000-2050
CHINA
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Focus on Preventive Health amidst Changing Lifestyles Drive Robust Market Demand
  • Green & Natural Products and Providing Holistic Healthcare Propel Market
  • Rising Emphasis on Healthy Living Fuels Demand for Functional Foods
  • Functional Beverages Market: Bright Future on Cards
  • Vitamins and Dietary Supplements Market: Overview
EUROPE
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Consumer Focus on Health and Wellness Boosts Growth Prospects
  • European Nutraceuticals Market: Health Awareness Fuels Market Prospects
  • Functional Drinks with Herbal Extracts Hold Strong Potential
  • Demand for Yogurt Drinks on Rise
  • Changing Demographics Propel Market Growth
  • European Population By Age Group: Percentage Share Breakdown of Age Groups for 2020 & 2040
FRANCE
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
  • France Exhibits High Appetite for Nutraceuticals
  • Functional Foods & Beverages Find Increased Demand among French Consumers
GERMANY
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Rising Need to Support General Health and Well-Being Drives Steady Growth in Nutraceuticals Market
  • Increasing Focus on Health and Wellness Drives Demand for Functional Foods
  • Market Share of Leading Functional Drink Companies in Germany (2019)
ITALY
UNITED KINGDOM
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Consumer Quest for Healthier and Nutritional Products Drive Sales of Nutraceuticals
  • Functional Foods & Beverages: A Promising Market
  • Focus on Nutritious Food Benefit Vitamins and Dietary Supplements Intake
SPAIN
  • Functional Foods & Drinks Market: An Overview
RUSSIA
REST OF EUROPE
  • Austria
  • Finland
ASIA-PACIFIC
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Health & Wellness Foods Market Poised for High Growth
  • Nutraceuticals Market in the Asia-Pacific: Trends & Drivers Summarized
  • NoTable Trends in the Asia-Pacific Nutraceuticals Market
  • Underpenetrated Asian Countries to Drive Future Market gains
  • Vitamin Supplements Market to Register Strong Growth
  • ASEAN Dietary Supplements Market: An Overview
AUSTRALIA
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Demand for Wellness Products increases in India Amidst the Pandemic
  • Indian Health and Wellness Start-Ups Register Considerable Investments
  • Indian Nutraceuticals Market Poised to Witness Significant Surge in Demand
  • Lucrative Opportunities for Functional Foods and Drinks
  • Factors Restraining Growth
  • AYUSH Ministry for Regulating Nutraceuticals Market in India
SOUTH KOREA
  • Functional Foods & Beverages: A Promising Market
REST OF ASIA-PACIFIC
LATIN AMERICA
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
  • Market Overview
ARGENTINA
BRAZIL
  • Market Overview
MEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
  • Market Overview
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Nutraceuticals Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Abbott Laboratories, Inc.
  • Archer Daniels Midland Company
  • Amway Corporation
  • Aurobindo Pharma Ltd.
  • Abbott Nutrition
  • AquaHydrate, Inc.
  • AOR Canada
  • Arjuna Natural Pvt. Ltd.
  • Baobab Foods, Inc.
  • Bajaj Healthcare Ltd.
  • Adept Life Sciences
  • Bayer HealthCare
  • Bayrouti Laboratories
  • Basic Research
  • ANAGENIX

Table Information