Global Nutraceuticals Market 2024-2028
Technavio has been monitoring the nutraceuticals market and is forecast to grow by $ 279.8 bn during 2023-2028, accelerating at a CAGR of 9.58% during the forecast period. Our report on the nutraceuticals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing cost of medical treatment, rising number of health-conscious consumers, and rising demand for nutraceuticals with medical benefits.
Technavio's nutraceuticals market is segmented as below:
By Distribution Channel
By Product
- Functional food
- Functional beverages
- Dietary supplements
By Geographical Landscape
- North America
- APAC
- Europe
- Middle East and Africa
- South America
This study identifies the technological innovations as one of the prime reasons driving the nutraceuticals market growth during the next few years. Also, industry developments and growing preference for personalized nutrition will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the nutraceuticals market covers the following areas:
- Nutraceuticals market sizing
- Nutraceuticals market forecast
- Nutraceuticals market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nutraceuticals market vendors that include Abbott Laboratories, Advanced Orthomolecular Research Inc., Amway Corp., Archer Daniels Midland Co., BASF SE, Bayer AG, Better Being Corp., Cargill Inc., COSUCRA, Danone SA, General Mills Inc., Herbalife International of America Inc., Innutrigel AG, International Flavors and Fragrances Inc., LKK Health Products Group, Nestle SA, PepsiCo Inc., Pfizer Inc., RBK NUTRACEUTICALS Pty Ltd., and The Coca Cola Co.. Also, the nutraceuticals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.