MarkNtel Advisors recently published a detailed industry analysis of the Global Nutraceutical Products Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Nutraceutical Products Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Nutraceutical Products Market is projected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2023-28.
What are the major Driver the Global Nutraceutical Products industry?
Transcending burden of lifestyle disorders :- The widespread use of processed and junk food is the primary cause of the prevalence of lifestyle disorders like obesity, diabetes, etc. The use of packaged foods and beverages with high-calorie counts together with little to no physical activity has led to such kind of lifestyle crisis. However, the integration of nutraceutical goods into the general population’s everyday routine has been fueled by expanding awareness of leading a healthy lifestyle, rising use of nutritional supplements for immunity building, boosting internal organ functions, etc.
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Growth Opportunity Intensifying Inclination for A Fit and Lean Physique
Over the past few years, the demand for dietary supplements, including energy bars, protein bars, non-carbonated energy drinks, and sports supplements, has been fueled by the rising trend of fit & lean bodies among adults. In addition, the COVID-19 pandemic outbreak has encouraged clients to join physical training facilities, gyms, sports clubs, and others. Consequently, people have become more health conscious in order to attain concrete immune systems.
What segments define the Global Nutraceutical Products Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
- By Type
- Food
- Beverages
- Dietary Supplements
- By Source
- Probiotics
- Prebiotics
- Vitamins
- Minerals
According to report, Here, Probiotic products are likely to acquire a sizable market share in the forecast period due to their versatility in treating lifestyle-related diseases.
- By Distribution Channel
- Conventional Stores
- Specialty Stores
- Drug Stores
- Pharmacies
According to report, Of them all, the Conventional Stores held a considerable revenue share in the Global Nutraceutical market during the historical period, owing to conventional consumer buying behaviors & the rising number of supermarkets & hypermarkets across the globe.
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Geographical Analysis: Global Nutraceutical Products Market
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Nutraceutical Products Market Share & Competitive Landscape:
The Nutraceutical Products Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Nutraceutical Products Market are:
- Kraft Heinz Company
- The Hain Celestial Group
- Conagra
- General Mills
- Kellogg’s
- Nestlé
- Nature’s Bounty
- Amway
- Hero Group
- Barilla Group
Global Nutraceutical Products Market Industry Recent Developments
- In December 2022, Kellogg’s introduced three all-new flavors in its Special K series, namely Special K Oat Crunch Honey, Special K High Protein, and Special K Zero.
- In December 2021, Hain Celestial, the food and beverages company with brands including Garden Veggie Chips, Alba Botanica, Terra, Sleepytime Tea, Greek Gods Greek Yogurt, and more, announced the acquisition plans for ParmCrisps and Thinsters Brands.
Questions Addressed in this Study
1.What factors are driving the Global Nutraceutical Products Market growth?
2.How is the Global Nutraceutical Products Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Nutraceutical Products Market ?
4.What is the current size of the Global Nutraceutical Products Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Nutraceutical Products Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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