Nutraceutical Products Market Trends, Analysis, Size To Reach USD 486.41 Billion By 2028

The global Nutraceutical Products Market was valued at USD 290.95 Billion in 2020 and is projected to grow at a CAGR of 6.60% from 2020 to reach 486.41 Billion by the year 2028. A variety of terms have appeared worldwide, such as nutraceuticals, medifoods, vitafoods, functional foods, and the more traditional dietary supplements and fortified foods. However, the term functional foods have become the predominant one even though several organizations have attempted to differentiate this emerging food category. Nutraceutical products are considered as the food or a part of food that delivers nutritional value to the diet. It is also called as a functional food that contains standardized nutrient and pharmaceutical-grade. These supplements act as source for a dietary supplement to the body through diet & works to prevent diseases. With cumulative educational level, people are becoming ready to accept diverse types of food & beverages that have added nutritional supplements. Hence with this change, nutraceutical products are gaining a traction across the world.

The Global Nutraceutical Products Market Forecast to 2028 published by Reports and Data takes a comprehensive approach towards studying the key trends influencing the growth of this sector. The research focuses on the changes and progress in the business context due to the recent COVID-19 pandemic. The report evaluates key aspects of the sector to predict the impact of the pandemic on the growth of the market.

The report evaluates the latest scenario and is updated with the current alterations in the economy due to COVID-19 pandemic. The outbreak has resulted in some major changes in the current scenario. The study evaluates the current market scenario along with the COVID-19 effects on the present and future scenarios. The industry has recently observed a drastic change owing to the COVID-19 pandemic. The report gives a precise estimation to help readers understand the impact of the pandemic on the concerned market in the forecast years and help combat challenges that may arise in the future.

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The report gives an accurate and elaborate evaluation of the market for the forecast period to gain an understanding of the global sector for formulating better investment approaches. The study further explores and provides in-depth analysis of current market dynamics and recent trends, with special emphasis on various key factors and potential growth opportunities and risks. The report further analyzes the factors and initiatives contributing to the growth of the market.

The competitive landscape of the Nutraceutical Products market is intense as players are actively engaged in the technological advancements, product developments, product pricing, research innovations, and other growth tactics. Moreover, the report also provides insightful data about business alliances such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate and government deals, product launches and brand promotions, and others. The report also offers an in-depth analysis of the company profiles and offers strategic recommendations to the key market players and new emerging players to gain a robust footing in the market.

Companies considered and profiled in this market study:

• Kraft Heinz Company (US)
• The Hain Celestial Group (US)
• Conagra (US)
• General Mills (US)
• Kellogg’s (US)
• Nestlé (Switzerland)
• Nature’s Bounty (US)
• Amway (US)
• Pfizer Inc. (US)
• Freedom Food Group Limited (Australia)

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Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Reports and Data have segmented the nutraceutical products market on the basis of source, products, distribution channel, and region:

Source (Revenue, USD Million; 2019-2028)

• Proteins & Amino Acids
• Probiotics
• Phytochemicals & Plant Extracts
• Fibers & Specialty Carbohydrates
• Omega-3 Fatty Acids
• Vitamins
• prebiotics
• Carotenoids
• Minerals
• Others

Products (Revenue, USD Million; 2019-2028)

• Food
• Snacks
• Confectionery
• Bakery
• Dairy
• Infant Nutrition
• Others
• Beverages
• Beverages
• Health Drinks
• Energy Drinks
• Juices
• Dairy and Dairy Alternative Beverage
• Others
• Dietary Supplements
• Vitamins
• Fatty Acids
• Minerals
• Proteins
• Botanicals
• Enzyme

Distribution Channel (Revenue, USD Million; 2019-2028)

• Conventional Stores
• Grocery Stores
• Mass Merchandisers
• Warehouse
• Online retail
• Pharmacies/Drugstores
• Specialty Stores
• Bakery Stores
• Confectionery Stores
• Gourmet Stores
• Health Centers
• Cosmetic Stores

In-depth regional analysis covers:

• North America (U.S., Canada, Mexico)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report also offers SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis to offer a better understanding of the market. The graphical data is represented in the form of charts, diagrams, tables, tables, and other representations to provide clear understanding of crucial data.

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