What Fueled Nutraceuticals Market?
The nutraceuticals market has seen considerable growth due to a variety of factors.
• In the last few years, the nutraceuticals market has seen a fast-paced expansion. Its value is predicted to surge from $455.01 billion in 2024 to $503.22 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.6%.
Factors contributing to this growth during the historic period include heightened awareness of health, consumer education, backing from regulators, scientific studies, and an ageing population.
How Will The Nutraceuticals Market Size Evolve In The Foreseeable Future?
The nutraceuticals market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for nutraceuticals is anticipated to witness a quick expansion in the coming years. The market is projected to escalate to $772.51 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 11.3%.
The increase during the forecast period is due to sustained health awareness, worldwide economic conditions, changing eating habits, digital healthcare, and online shopping, as well as the emergence of individualized nutrition programs. The most significant trends for the forecast period include functional drinks, sports and performance nutrition, solutions for mental wellbeing, support for the immune system, and a focus on gut health.
Which Drivers Are Accelerating Growth In The Nutraceuticals Market?
The increasing elderly population is playing a significant role in boosting the nutraceutical market's growth. Nutraceuticals, products consumed alongside a regular diet to provide extra nutrients, greatly enhance general health and immunity. Particularly for individuals aged 65 or older, these additional nutrients are essential to bolster immunity against various conditions, including diabetes, cholesterol, high blood pressure, and other ailments related to old age. Nutraceuticals function as daily supplements to fulfill nutrient necessities. This is evidenced by the World Health Organization, a specialized health agency based in the US, stating in October 2022 that by 2030, 1 in 6 people worldwide will be 60 or older and the number of elderly people is projected to hit 2.1 billion by 2050. Consequently, the growing elderly population supports the expansion of the nutraceutical market.
What Are The Core Segments Of The Globa Nutraceuticals Market?
The nutraceuticals market 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, Super markets/Hyper markets, 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
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Which Emerging Trends Are Reshaping The Nutraceuticals Market?
The predominant trend among firms in the nutraceutical industry is the development of new products. This trend stems from the abundance of companies engaged in the nutraceutical market and their ambition to expand their footprint into new areas in order to dominate the market. An example of this was seen in April 2024 when MiracleMe, a nutrition company from India that focuses on plant-based, orally absorbable nutritional products, introduced their latest range of plant-based nutritional items. These products, which are intentionally free from synthetic additives, appeal to buyers who prioritize their health. They cater to the increasing demand for clean, natural components, thereby addressing the needs of those pursuing a healthier lifestyle.
Who Are the Key Players 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
What are the Regional Insights into 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.
