Global Nutraceutical Supplements Market To Record Protruding Growth With US$ 5,999.8 Million By 2027

December  2021 | Report Format: Electronic (PDF)

The rising need for nutritional supplements as well as healthy foods is likely to be a major contributing force in the industry during the projected timeframe. A positive attitude regarding therapeutic nourishment, as seen by its expanding use in the therapy of cardiac poor nutrition, is expected to fuel the expansion of nutritional vitamins.

Following the COVID-19 outbreak, there has been a surge in interest in nutritional supplements including multifunctional foodstuffs. Immunity strengthening pills have been popular in the last year, resulting in a substantial shift in purchasing trends and customer attitudes. Furthermore, following the COVID-19 outbreak, preventative medicine treatments including nutritional vitamins would become commonplace. Therefore, the worldwide COVID-19 outbreak has prepared the road for nutraceuticals to establish a prominent footprint in the worldwide marketplace.

Increasing medical expenditures, along with an aging worldwide demographic, are expected to aid the worldwide nutritional and functional development of the sector throughout the projection time. Consumers' attitudes about functioning foods are quite favorable, owing to the additional fitness & wellbeing advantages provided by these items. The growing senior demographic, increased medical expenditures, shifting lifestyles, culinary innovations, as well as predictions of higher pricing, have all contributed to cumulative development.

The spectacular expansion trends witnessed in the nutraceuticals supplement industry are anticipated to remain, and growing demand is predicted to stabilize to pre-pandemic levels in the coming years. The United States leads the worldwide nutraceutical supplement industry and is likely to continue this trend over the projection timeframe due to an increasing elderly community seeking multivitamin pills.

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Nutraceutical Supplements Market Report Highlights

• Bayer declared the commencement of "The Nutrient Gap" program in February 2021, with the goal of increasing accessibility to micronutrients and nutrients for 50 million individuals worldwide by 2030.
• Kellogg's officially launched a plant-based morning cereal especially for youngsters in January 2020, following a procedure including over 1,000 youngsters and 1,500 families.
• Nestlé and KKR reached a contract in April 2021 under which Nestlé would purchase The Bountiful Company’s key trademarks for USD 5.75 billion.

NUTRACEUTICAL SUPPLEMENTS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Nutraceutical Supplements Product Outlook (Revenue, USD Million, 2016 - 2027)

• Vitamins & Mineral
• Protein & Amino Acid
• Herbal
• Prebiotics & Probiotics

Nutraceutical Supplements Form Outlook (Revenue, USD Million, 2016 - 2027)

• Softgels
• Liquids
• Capsules
• Powder & Granules
• Tablets

Nutraceutical Supplements Sales Channel Outlook (Revenue, USD Million, 2016 - 2027)

• Health & Beauty Stores
• Online Retailers
• Direct Selling
• Drug Stores
• Convenience Stores
• Modern Trade Channels

Nutraceutical Supplements Consumer Orientation Outlook (Revenue, USD Million, 2016 - 2027)

• Women
• Kids
• Men
• Unisex

Nutraceutical Supplements Regional Outlook (Revenue, USD Million, 2016 - 2027)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Nutraceutical Supplements Market

• Amway
• Eurofins Scientific Se (Luxembourg)
• Barilla Group
• Conagra Foods
• E.I.D Parry Ltd.
• Freedom Food Group Limited
• General Mills
• Herbalife Ltd.
• Kellogg's
• Kraft Heinz Company
• Matsun Nutrition
• Mead Johnson Nutrition Company
• Natrol Inc.
• Nestlé
• Pfizer Inc.
• Samsung Electronics Co. Ltd.
• The Hain Celestial Group
• Valensa International

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