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Nutraceuticals Market

The global nutraceuticals market was valued at USD 289.98 billion in 2022 and is expected to reach USD 668.24 billion in 2030, with a CAGR of 9.49% during the forecast period 2023-2030.

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Nutraceuticals Market

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  1. Nutraceuticals Market

  2. Nutraceuticals involve diverse products derived from food sources, offering supplementary health benefits beyond basic nutritional value. Functioning as non-specific biological remedies, nutraceuticals play a crucial role in enhancing overall health, managing symptoms, and even preventing various health issues, including cancer. • Classification of nutraceuticals is based on various factors such as natural origin, pharmacological conditions, and chemical structure. They are commonly categorized into functional foods, dietary supplements, pharmaceuticals, and medicinal foods. This classification highlights the versatility of nutraceuticals, showcasing their potential to bridge the gap between nutrition and medicine, offering holistic approaches to health and wellness. Download Sample PDF

  3. Market Drivers Increasing demand for functional and healthy foods is driving the growth of the nutraceuticals market. 1 The increasing demand for nutrients and micro-nutrients is propelling the expansion of the nutraceuticals market. 2 2 2

  4. Market Segmentation • On the basis of type, the sub-markets include functional foods, functional beverages, and dietary supplements. 1 • On the basis of form, the sub-markets include tablets and capsules, powders, liquid, and others. 2 • On the basis of application, the sub-markets include general wellness, weight management, immunity enhancement, digestion and heart health management, sports nutrition, beauty and anti-aging, and others. 3 • On the basis of end user, the sub-markets include adults, geriatric and pediatric population, pregnant women, and athletes and sports individuals. 4 • On the basis of distribution channel, the sub-markets include online, and offline. 5

  5. Segmentation by Region

  6. Leading Market Players • Amway Corp. • W. R. Grace & Co.-Conn. • General Mills Inc. • Innophos. • DSM • Cargill, Incorporated • ADM • Nature's Bounty • The Kraft Heinz Company • Nestlé

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