Nutraceuticals Market Size, Share, Competitive Landscape and Trend Analysis Report
For organizations targeting expansion, this report delivers actionable intelligence on how the nutraceuticals industry is evolving.
How Big Is The Nutraceuticals Market In 2025?
The nutraceuticals market size has grown strongly in recent years. It will grow from $455.01 billion in 2024 to $498.35 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to health consciousness, consumer education, regulatory support, scientific research, aging population.
The nutraceuticals market size is expected to see rapid growth in the next few years. It will grow to “ $754.87 billion in 2029 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to continue health consciousness, global economic trends, shift in dietary patterns, digital health and e-commerce, rise of personalized nutrition. Major trends in the forecast period include functional beverages, sports nutrition and performance, mental wellness solutions, immune system support, gut health focus.
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What Are The Major Factors Driving The Nutraceuticals Global Market Growth?
The rise in the geriatric population is significantly contributing to the growth of the nutraceutical market. Nutraceuticals are products that can be taken by an individual along with a normal daily diet to get additional nutrients to promote good health and immunity. After a certain age, especially after 65 years or above, an individual requires additional nutrients to build immunity to fight against several diseases such as diabetes, cholesterol, blood pressure, and other age-related issues. Nutraceuticals are used as daily supplements to meet the daily requirements of nutrients. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, globally, 1 in 6 individuals would be 60 or older by 2030 and is expected to reach 2.1 billion elderly people by 2050. Therefore, the rise in the geriatric population is driving the growth of the nutraceutical market.
Nutraceuticals Market Report Segmentation Analysis
The nutraceuticalsmarket covered in this report is segmented —
1) By Type: Vitamins and Minerals, Probiotics, Proteins and Peptides, Omega Fatty Acids, Other Types
2) By Source: Plant, Animal, Microbial
3) By Application: Functional Food, Functional Beverages, Dietary Supplements, Personal Care, Animal Nutrition, Other Applications
4) By Product Forms: Capsules, Tablets, Softgels, Powder, Liquid, Gummies
5) By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, Online Retail Stores, Other Distribution Channels
Subsegments:
1) By Vitamins and Minerals: Water-Soluble Vitamins, Fat-Soluble Vitamins, Minerals, Multivitamin Supplements
2) By Probiotics: Lactobacillus, Bifidobacterium, Saccharomyces, Other Probiotic Strains
3) By Proteins and Peptides: Whey Protein, Casein Protein, Plant-Based Proteins, Collagen Peptides
4) By Omega Fatty Acids: Omega-3 Fatty Acids, Omega-6 Fatty Acids, Omega-9 Fatty Acids
5) By Other Types: Herbal Supplements, Dietary Fiber, Antioxidants, Other Nutraceutical Ingredients
Emerging Trends And Strategic Opportunities In The Nutraceuticals Market
New product development is the key trend being followed by the companies operating in the nutraceutical market. This is due to the presence of many nutraceutical companies operating in the market and their desire to extend their growth in new areas to be a leader in the market. For instance, in April 2024, MiracleMe, an India-based nutrition company specializing in plant-based, orally dissolving nutrition products, launched its new line of plant-based nutrition products. These products are designed to deliver essential nutrients while avoiding artificial additives, appealing to health-conscious shoppers. They align with the growing preference for clean, natural ingredients. This focus on quality caters to those seeking healthier lifestyle options.
What Are The Top Players Operating In The Nutraceuticals Market?
Major companies operating in the nutraceuticals market include Cargill Incorporated, Archer Daniels Midland Company, Nestle SA, BASF SE, PepsiCo Inc., Abbott Laboratories, Groupe Danone, Evonik Industries AG, General Mills Inc., Arla Foods amba, Kellogg Company, E. I. du Pont de Nemours and Company (DuPont), Ajinomoto Co Inc., Kerry Group plc, Royal DSM NV (Royal DSM), Amway Corporation, Ingredion Incorporated, Glanbia plc, Herbalife International of America Inc., Lesaffre, W. R. Grace & Co-Conn, Chr. Hansen Holding A/S, Innophos Holdings Inc., Nature’s Sunshine Products Inc., Nutraceutical Corporation, NOW Foods, OmniActive Health Technologies, Bactolac Pharmaceutical Inc., ChromaDex, DSM Nutritional Products AG, Lonza Group AG, Tate & Lyle plc
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Which Region Holds The Largest Market Share In The Nutraceuticals Market?
North America was the largest region in the nutraceuticals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nutraceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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