Global Nutraceuticals Market Report and Forecast 2023-2028

Global Nutraceuticals Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global nutraceuticals market reached a value of USD 485.78 billion in 2022. Aided by the heightened awareness about preventive healthcare and the multifaceted benefits of dietary supplements, the market is projected to further grow at a CAGR of 8.20% between 2023 and 2028 to reach a value of USD 779.48 billion by 2028.

Nutraceuticals are products derived from food sources with extra health benefits in addition to their fundamental nutritional value. These encompass fortified foods, dietary supplements, functional foods, and medicinal foods. Their value proposition revolves around enhanced health, delayed aging, the prevention of chronic diseases, and improving life quality. From antioxidants to probiotics, nutraceuticals are pivotal in promoting health and wellness.

The momentum for the global nutraceuticals market growth arises predominantly from the escalating inclination towards natural products for health enhancement. As the lines blur between pharmaceuticals and food products, consumers are showing a marked preference for these nutrient-laden offerings. This pivot can be attributed to the rising prevalence of lifestyle diseases, spiralling healthcare costs, and the persistent drive towards a holistic approach to health.

This dynamism is complemented by robust scientific validations that shed light on the efficacies of various nutraceuticals, reinforcing their indispensability in daily regimens. With cutting-edge research opening new horizons, previously uncharted territories like marine nutraceuticals are now taking centre stage, enriching the nutraceuticals market outlook.

Parallelly, there's a surge in demand for functional foods and beverages that integrate these beneficial compounds. Green tea extracts, omega-3 fatty acids, and probiotics are making headways in everyday food products. Their omnipresence, from breakfast cereals to energy bars, exemplifies the mainstreaming of nutraceuticals.

Moreover, the personal care and cosmetics industry is not immune to the allure of nutraceuticals. The integration of vitamins, antioxidants, and other vital compounds in skincare and haircare products is becoming commonplace. Recognising their potential in skin rejuvenation, anti-aging, and overall wellness, the beauty industry is keenly infusing these elements, thus widening the nutraceuticals market size.

One cannot overlook the digital wave that has democratised information, enabling consumers to make informed choices. With an influx of health blogs, forums, and digital platforms espousing the merits of specific nutraceuticals, there's a heightened awareness and resultant demand. E-commerce platforms, with their promise of convenience and choice, further amplify the outreach and accessibility of these products.

Market Segmentation

The market can be divided based on product type, distribution channel, form, and region.

Market Breakup by Product Type
  • Functional Beverages
  • Functional Food
  • Dietary Supplements
Market Breakup by Distribution Channel
  • Hypermarkets and Supermarkets
  • Pharmacies
  • Online
  • Speciality Stores
  • Others
Market Breakup by Form
  • Powder
  • Capsule and Tablets
  • Liquid
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global nutraceuticals market. Some of the major players explored in the report by Expert Market Research are as follows:
  • General Mills Inc.
  • Nestle SA
  • Koninklijke DSM N.V.
  • Innophos Holdings, Inc.
  • W. R. Grace & Co.
  • Others
About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Nutraceuticals Market Analysis
8.1 Key Industry Highlights
8.2 Global Nutraceuticals Historical Market (2018-2022)
8.3 Global Nutraceuticals Market Forecast (2023-2028)
8.4 Global Nutraceuticals Market by Product Type
8.4.1 Functional Beverages
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Functional Food
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Dietary Supplements
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Nutraceuticals Market by Distribution Channels
8.5.1 Hypermarkets and Supermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Pharmacies
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Online
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Speciality Stores
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Nutraceuticals Market by Form
8.6.1 Powder
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Capsule and Tablets
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Liquid
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Nutraceuticals Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Nutraceuticals Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Nutraceuticals Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Nutraceuticals Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Nutraceuticals Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Nutraceuticals Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 General Mills Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nestle SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Koninklijke DSM N.V.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Innophos Holdings, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 W. R. Grace & Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Nutraceuticals Market: Key Industry Highlights, 2018 and 2028
2. Global Nutraceuticals Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3. Global Nutraceuticals Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4. Global Nutraceuticals Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Nutraceuticals Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Nutraceuticals Historical Market: Breakup by Form (USD Billion), 2018-2022
7. Global Nutraceuticals Market Forecast: Breakup by Form (USD Billion), 2023-2028
8. Global Nutraceuticals Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Nutraceuticals Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Nutraceuticals Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Nutraceuticals Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Nutraceuticals Market Structure

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings