Product Code: FOD013J
The global market for nutraceuticals is expected to grow from $418.2 billion in 2024 and is projected to reach $571.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2024 to 2029.
The North American nutraceuticals market is expected to grow from $150.0 billion in 2024 and is projected to reach $201.7 billion by the end of 2029, at a CAGR of 6.1% during the forecast period of 2024 to 2029.
The Asia-Pacific nutraceuticals market is expected to grow from $123.4 billion in 2024 and is projected to reach $174.2 billion by the end of 2029, at a CAGR of 7.1% during the forecast period of 2024 to 2029.
Report Scope:
The report provides market projections for the nutraceuticals market from 2024 through 2029 and analyzes the market shares of leading companies. Based on product type, the market is segmented into functional beverages, functional food and dietary supplements. It is further segmented by application into sports and energy, weight management, general wellness, heart health, gastrointestinal (GI) and digestive health, and other applications. The market is segmented by distribution channels in the following categories: e-commerce, supermarkets, pharmacies, retail stores and other distribution channels. Regional estimates and forecasts include North America, Europe, Asia-Pacific and the Rest of the World.
Report Includes:
- 169 data tables and 36 additional tables
- A detailed overview of the global market for nutraceuticals
- Analyses of the global market trends, with historic market revenue for 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
- Discussion of the market potential for nutraceuticals based on key product segments (functional foods, functional beverages and dietary supplements), distribution channel, application, and region
- Analysis of the industry's regulatory framework and policies, and product pipeline
- A discussion of ESG challenges and ESG practices in the nutraceuticals industry
- A look at recent developments, alliances, joint ventures, and acquisitions in the global nutraceutical market and discussion on legislative issues impacting the global market
- Coverage of international nutraceutical regulations; notification- and registration-based systems for nutraceutical products, such as Codex Alimentarius (food code), and FOSHU labeling regulation; and the international alliance of dietary food supplement associations
- Profiles of major market players and their core competencies, including DSM, Nestle, Danone, Ajinomoto Co., Inc., International Flavors & Fragrances Inc., and Herbalife
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
Chapter 2 Market Overview
- Overview
- PESTEL Analysis
- Porter's Five Forces Analysis
- Bargaining Power of Buyers: High
- Bargaining Power of Suppliers: Moderate
- Potential for New Entrants: Moderate
- Threat of Substitutes: Moderate
- Competitiveness in the Industry: High
- SWOT Analysis
- Strengths
- Weaknesses
- Opportunities
- Threats
- Regulatory Analysis
Chapter 3 Market Dynamics
- Global Market Dynamics
- Market Drivers
- Growing Prevalence of Being Overweight and Obese
- Increasing Demand for Dietary Supplements
- Increasing Healthcare Cost
- Market Restraints
- Growing Regulations for Nutraceuticals
- Misleading Labeling and False Claims
- Market Opportunities
- Manufacturers' Demand for Herbal Ingredients and Product Innovation
- Increasing Health Awareness
- Increasing Number of Retail Outlets and E-Commerce Platforms
Chapter 4 Patent Analysis
- Patent Analysis
- Patents by Region/Country
- Select Patent Grants
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- Market Analysis by Product Type
- Functional Beverages
- Functional Foods
- Dietary Supplements
- Market Breakdown by Application
- Sports and Energy
- Weight Management
- General Wellness
- Heart Health
- GI and Digestive Health
- Other Applications
- Market Breakdown by Distribution Channel
- E-commerce
- Super Marts
- Pharmacies
- Retail Stores
- Others Distribution Channels
- Geographic Breakdown
- Market Analysis by Region
- North America
- Asia-Pacific
- Europe
- Rest of the World (RoW)
Chapter 6 Competitive Intelligence
- Leading Companies
- Company Product Portfolios
Chapter 7 Sustainability in the Nutraceuticals Market: An ESG Perspective
- Introduction to ESG
- Industry ESG Performance Analysis
- Concluding Remarks from BCC
Chapter 8 Appendix
- Methodology
- Sources
- Abbreviations
- Company Profiles
- ABBOTT
- AJINOMOTO CO. INC.
- BENEO
- CARGILL INC.
- DANONE S.A.
- DSM-FIRMENICH
- HERBALIFE INTERNATIONAL OF AMERICA INC.
- HILDUR FUNCTIONA FOODS PVT.LTD
- INTERNATIONAL FLAVORS & FRAGRANCES INC.
- NESTLE
- NOVOZYMES A/S