Global Nutraceuticals Market is Expected to Reach US$ 809.8 Bn by 2025, Surge in R&D for the Development of Newer Products
Analyst Speak:

“The Global Nutraceuticals Market is expected to reach US$ 809.8 Bn by 2025 owing to growth in R&D for the development of newer products”

The global nutraceuticals market is expected to reach US$ 809.8 Bn by 2025. The global nutraceuticals market is driven by the enormous health benefits they provide such as restoring gut flora, reducing gastrointestinal discomfort, relieving constipation, improving immune health and avoiding common cold. Moreover, increased research and development activities going on in the field of nutraceuticals due to its rising popularity and demand among the people. In addition, global nutraceuticals market is expected to grow in the forecast years due to raising prevalence of chronic diseases, increasing health consciousness among the people and growing demands for healthy alternatives with minimal side effects.
Nutraceuticals are largely unregulated, these supplements are the subject of marketing hype than actual clinical testing, and, it is not even known yet whether they provide more benefits than risks for consumers. These factors are hampering the growth of global nutraceuticals market.

Global nutraceuticals market is segmented on the basis of functional food, functional beverages, dietary supplements, and region.

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Probiotics Fortified Food Dominate the Global Nutraceuticals Market

Based on the functional food, global nutraceuticals market is segmented into branded wheat flour, branded ionized salt, probiotics fortified food, omega fatty acid fortified food, and others. Probiotics fortified food dominates the global nutraceuticals market owing to the health benefits associated with the probiotics fortified food. They encourage the gut function and increase overall immunity of the body. They are also used in cosmetics to rejuvenate the skin.

Asia Pacific Leads the Global Nutraceuticals Market

PBI’s global Nutraceuticals market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific nutraceuticals market dominated the global nutraceuticals market through 2014-2018 and expected to dominate over 2019-2025 due to raising prevalence of chronic diseases and increasing health consciousness among the people. The people over there are attracted by the enormous health benefit the nutraceuticals provide. Europe nutraceuticals market is not growing at a good pace because of their stringent regulatory procedures. The European Food Safety Authority is very strict regarding the probiotic products in Europe due to insufficient evidences of its effectiveness. In US the tern nutraceutical is not defined by US law, they consider them as drug dietary supplement.
Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global Nutraceuticals market further reveals that the key players increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, on May 2017, a private equity firm HGCG LLC acquired “Nutraceutical International Corporation” for MS$ 446 Bn.

Key player’s profiles in the report are General Mills Inc. (U.S.), Chobani LLC (U.S.), Alphabet Holding Company, Inc. (The Nature’s Bounty Co.) (U.S.), Abbott Laboratories (U.S.), Herbalife International Inc. (U.S.), Koninklijke DSM N.V (Netherlands), Bayer AG (Germany), PepsiCo, Inc. (U.S.), HGCG LLC, and Groupe Danone (France).

Precision Business Insights (PBI) in its report titled “Global Nutraceuticals Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

By Functional Food
• Branded Wheat Flour
• Branded Ionized Salt
• Probiotics Fortified Food
• Omega Fatty Acid Fortified Food
• Other

By Functional Beverages
• Energy Drinks
• Sports Drinks
• Fortified Juices

By Dietary Supplements
• Vitamins & Minerals
• Proteins & Peptides
• Herbals (plant extracts, ayurvedic extracts, phytochemicals, algal extracts)
• Other (fiber, fatty acids)

Geography

o North America
• US
• Canada
o Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA


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