According to a new market research report published by Global Insight Services “ Nutraceuticals Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A nutraceutical is a food or food product that provides health and medical benefits, including the prevention and treatment of disease. Nutraceuticals are similar to pharmaceuticals, but they are derived from food sources and are not regulated by the FDA. Some examples of nutraceuticals include vitamins, minerals, herbs, and amino acids.
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Top Key Players in Nutraceuticals market: Archer Daniels Midland Company, BASF SE, Cargill, Inc., Danone, DuPont de Nemours, Inc., General Mills Inc., Koninklijke DSM N.V.
Key Trends
Some of the key trends in the nutraceutical market include the development of new delivery systems, the use of natural ingredients, and the use of functional ingredients. Delivery systems are constantly evolving to make nutraceuticals more effective and efficient. Natural ingredients are becoming more popular as consumers become more aware of the benefits of these products. Functional ingredients are also becoming more popular as they offer a wide range of health benefits.
Key Drivers
The key drivers of the nutraceuticals market are the growing health consciousness among people and the rising incidences of chronic diseases. The nutraceuticals market is driven by the growing demand for dietary supplements, functional foods, and functional beverages. The other drivers of this market are the increasing disposable incomes, the changing lifestyles, and the aging population. The nutraceuticals market is also driven by the increasing awareness about the health benefits of these products and the growing number of health-conscious people.
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Market Segments
The global Nutraceuticals market is segmented on the basis of type, form, sales channel, and region. Based on type, the global market is bifurcated into functional beverage, functional food, and dietary supplements. By form, the market is segmented into capsules and tablets, liquid, powder, others. Based on sales channel, the global market is studied across hypermarkets/supermarkets, specialty stores, pharmacies, and online channels. The global Nutraceuticals market is also studied across North America, Europe, Asia-Pacific, and rest of the world.
Reasons to buy Nutraceuticals Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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