Nutraceuticals Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2022–2032


The global nutraceuticals market size was USD 284.8 billion in 2022 and is projected to reach USD 464.5 billion in 2032, and register a revenue CAGR of 5.4% during the forecast period

.

The Global Nutraceuticals Market is experiencing significant revenue growth, with a projected CAGR of 5.4% during the forecast period. This growth is primarily driven by several factors, including the increasing prevalence of chronic diseases, rising demand for functional foods, and consumer health consciousness. The nutraceuticals market offers a wide range of products, such as dietary supplements, functional foods, and drinks, that are believed to improve overall health and wellness. Nutraceuticals have been shown to effectively manage chronic illnesses such as diabetes, heart disease, and cancer, which is also contributing to market growth.

The demand for functional foods is increasing due to their added nutrients and bioactive components, providing health benefits beyond basic nutrition. These foods are becoming more popular among consumers due to their digestive health, immune system support, and cognitive function benefits. Additionally, rising concerns about the environmental impacts of animal agriculture and the health benefits of plant-based diets are driving the demand for plant-based products in the nutraceuticals market. Plant-based substances have been shown to reduce the risk of chronic diseases and promote overall health and wellness.

Overall, the nutraceuticals market is expected to continue its growth trajectory due to the increasing awareness among consumers about the benefits of these products for managing chronic illnesses and promoting overall health and wellness.

Get a sample of the report @ https://www.reportsanddata.com/download-free-sample/4895

Top of Form

Some major companies included in the global nutraceuticals market report are:

  • Abbott Laboratories
  • Amway Corporation
  • Archer Daniels Midland Company
  • BASF SE
  • DSM Nutritional Products AG
  • Nestlé S.A.
  • Glanbia plc
  • Herbalife Nutrition Ltd.
  • PepsiCo, Inc.
  • Bayer AG
  • Pfizer Inc.

Driving factors:

  1. Increasing prevalence of chronic diseases: As the prevalence of chronic diseases such as diabetes, heart disease, and cancer continue to rise, consumers are seeking preventative measures through the use of nutraceuticals.
  2. Rising demand for functional foods: Consumers are increasingly seeking out foods with added health benefits beyond basic nutrition, such as immune system support and cognitive function, driving demand for functional foods.
  3. Growing consumer health consciousness: With a greater understanding of the connection between food and overall health, consumers are increasingly turning to nutraceuticals as a way to enhance their wellness.
  4. Demand for plant-based products: Rising concerns about the environmental impact of animal agriculture and the health benefits of plant-based diets are driving demand for plant-based nutraceutical products.
  5. Expansion of distribution channels: The growing popularity of nutraceuticals has led to an expansion of distribution channels, including online retailers and specialty health stores.

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/4895

Restraints:

  1. Lack of regulation: The nutraceuticals industry is not subject to the same rigorous regulation as the pharmaceutical industry, leading to concerns about product safety and efficacy.
  2. High cost: Some nutraceutical products can be expensive, which may limit their accessibility to certain consumer groups.
  3. Limited clinical research: While there is some evidence to support the efficacy of nutraceuticals, there is a lack of large-scale clinical trials to validate their effectiveness.
  4. Perception as alternative medicine: Nutraceuticals are sometimes viewed as alternative medicine, which may limit their adoption by mainstream consumers and healthcare providers.
  5. Potential for interaction with medications: Nutraceuticals can interact with certain medications, which may limit their use for some consumers.


Conclusively, all aspects of the Nutraceuticals market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

About Us:

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 a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

Comments