Nutraceuticals Market Size, Share & Trends Analysis Report By Product (Dietary Supplements, Functional Foods, Functional Beverages), By Application (Allergy & Intolerance, Animal nutrition), By Region, And Segment Forecasts, 2024 - 2030

Nutraceuticals Market Size, Share & Trends Analysis Report By Product (Dietary Supplements, Functional Foods, Functional Beverages), By Application (Allergy & Intolerance, Animal nutrition), By Region, And Segment Forecasts, 2024 - 2030


Nutraceuticals Market Growth & Trends

The global nutraceuticals market size is expected to reach USD 1,251.07 billion by 2030, expanding at a CAGR of 8.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising awareness regarding calorie reduction and weight loss in the major markets including the U.S., China, and India is expected to promote the application of the health and wellness segment and thus, in turn, will have a substantial impact on the industry.

Nutraceuticals are products that provide health advantages and additional nutrition to the human body. It comprises fortified nutrients, such as taurine, CoQ10, omega-3, calcium, zinc, and antioxidants, that develop the complete health of consumers. These nutrients further benefit in averting medical conditions such as hypertension, diabetes, heart diseases, and allergies. As nutraceuticals develop the digestive and immune systems and enhance the cognitive behavior of consumers, their demand is witnessing a surge at the global level.

The increasing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in the costs of pharmaceuticals is anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.

A rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the market growth over the forecast years. A positive outlook towards medical nutrition owing to the high prevalence of weight management programs, along with cardiovascular diseases, is anticipated to propel the product demand.

The rise and evolution of wellness-focused diets such as keto and paleo are driving food producers to cater their products in this direction. Functional food products such as probiotics and omega-3 are highly used in yogurt and fish oils in order to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the growth of the functional food segment over the coming years.

Nutraceuticals Market Report Highlights
  • In the functional food product segment, the prebiotics and probiotics segment is projected to witness significant growth over the forecast period owing to the majority of food manufacturing companies using probiotics as a primary ingredient to provide better nourishment and reduce health problems caused by harmful bacteria
  • In the dietary supplement product segment, vitamins emerged as the largest segment in 2023. The segment is expected to witness significant growth in the coming years
  • In terms of product, the functional foods segment dominated the market with a revenue share of 37.65% in 2023. Rising healthcare costs, coupled with the increasing geriatric population across the world, are anticipated to assist the segment growth over the forecast period
  • Asia Pacific accounted for the largest revenue share of over 36.9% in 2023. The growing health concerns amongst consumers and increasing awareness regarding nutraceuticals are likely to be the major drivers of the Asia Pacific market
  • The market represents a highly competitive landscape. Key market players dominate the market space and have been focusing on various strategic initiatives including mergers & acquisitions, product innovation, and portfolio expansion
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Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Research Methodology
1.3 Assumptions
1.4 Information Procurement
1.4.1 Purchased Database
1.4.2 GVR’s Internal Database
1.4.3 Secondary Sources
1.4.4 Third Party Perspective
1.4.5 Primary Research
1.5 Information Analysis & Data Analysis Models
1.6 List of Data Sources
Chapter 2 Executive Summary
2.1 Market snapshot
2.2 Segmental insights
2.3 Competitive insights
Chapter 3 Nutraceuticals Market: Industry Outlook
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Major Raw Material Trends
3.3. Regulatory Framework
3.4. Technology Overview
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Business Environment Analysis
3.6.1. Industry Analysis - Porter’s
3.6.2. Industry Analysis - PESTEL
3.7. Market Entry Strategies
Chapter 4 Nutraceuticals Market: Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends & Preferences
4.3. Factors Influencing Buying Behavior
4.4. Consumer Service Adoption Trends
4.5. Key Observations & Findings
Chapter 5 Nutraceuticals Market: Product Estimates & Trend Analysis
5.1 Product Movement Analysis & Market Share, 2023 & 2030
5.2 Nutraceuticals Market Estimates & Forecast, By Product, 2018 - 2030 (USD Million)
5.2.1 Dietary supplements
5.2.1.1 Vitamins
5.2.1.2 Botanicals
5.2.1.3 Minerals
5.2.1.4 Proteins & Amino Acids
5.2.1.5 Fibers & Specialty Carbohydrates
5.2.1.6 Omega Fatty Acids
5.2.1.7 Probiotics
5.2.1.8 Prebiotics & Postbiotics
5.2.1.9 Others
5.2.2 Functional foods
5.2.2.1 Carotenoids
5.2.2.2 Dietary Fibers
5.2.2.3 Fatty Acids
5.2.2.4 Minerals
5.2.2.5 Prebiotics & Probiotics
5.2.2.6 Vitamins
5.2.2.7 Others
5.2.3 Functional beverages
Chapter 6 Nutraceuticals Market: Application Estimates & Trend Analysis
6.1 Application Movement Analysis & Market Share, 2023 & 2030
6.2 Nutraceuticals Market Estimates & Forecast, By Application, 2018 - 2030 (USD Million)
6.2.1 Allergy & intolerance
6.2.2 Animal nutrition
6.2.3 Healthy ageing
6.2.4 Bone & joint health
6.2.5 Cancer prevention
6.2.6 Children's health
6.2.7 Cognitive health
6.2.8 Diabetes
6.2.9 Digestive / Gut health
6.2.10 Energy & endurance
6.2.11 Eye health
6.2.12 Heart health
6.2.13 Immune system
6.2.14 Infant health
6.2.15 Inflammation
6.2.16 Maternal health
6.2.17 Men's health
6.2.18 Nutricosmetics
6.2.19 Oral care
6.2.20 Personalised nutrition
6.2.21 Post Pregnancy and reproductive health
6.2.22 Sexual health
6.2.23 Skin health
6.2.24 Sports nutrition
6.2.25 Weight management & satiety
6.2.26 Women's health
6.2.27 Others
Chapter 7 Nutraceuticals Market: Regional Estimates & Trend Analysis
7.1 Global Nutraceuticals Market: Regional Outlook
7.2 North America
7.2.1 North America Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.2.2 U.S.
7.2.2.1 U.S. Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.2.3 Canada
7.2.3.1 Canada Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.2.4 Mexico
7.2.4.1 Mexico Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3 Europe
7.3.1 Europe Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.2 Germany
7.3.2.1 Germany Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.3 France
7.3.3.1 France Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.4 Italy
7.3.4.1 Italy Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.5 U.K.
7.3.5.1 U.K. Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.6 Spain
7.3.6.1 Spain Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.3.7 The Netherlands
7.3.7.1 The Netherlands Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4 Asia Pacific
7.4.1 Asia Pacific Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.2 China
7.4.2.1 China Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.3 Japan
7.4.3.1 Japan Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.4 India
7.4.4.1 India Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.5 Australia & New Zealand
7.4.5.1 Australia & New Zealand Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.4.6 South Korea
7.4.6.1 South Korea Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.5 Central & South America
7.5.1 Central & South America Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.5.2 Brazil
7.5.2.1 Brazil Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.5.3 Argentina
7.5.3.1 Argentina Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.6.2 UAE
7.6.2.1 UAE Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
7.6.3 South Africa
7.6.3.1 South Africa Nutraceuticals Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 8 Competitive Landscape
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include
8.9.1. DSM
8.9.2. Amway
8.9.3. Pfizer Inc.
8.9.4. Nestle
8.9.5. The Kraft Heinz Company
8.9.6. The Hain Celestial Group, Inc.
8.9.7. Nature's Bounty
8.9.8. General Mills Inc
8.9.9. Danone
8.9.10. Tyson Foods

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