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According to the
current analysis of Reports and Data, the global Nutraceutical
Products Market was USD 290.95 Billion in 2020 and is projected to
grow at a CAGR of 6.60% from 2020 to 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 Asia Pacific
region is anticipated to be the fastest-growing market during the forecast
period with a CAGR of 8.0%. An increasingly hectic pace of life is now becoming
commonplace in Asian countries. The strategies of the nutraceutical
manufacturing companies must be to invest heavily in advertising to help
consumers understand the health benefits. The region with its large population
shows significant potential for manufacturers, and the focus is on weight
management, which is driving the growth of the nutraceutical products market for
weight-loss ingredients
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Competitive
Landscape:
The research
report offers details about leading companies in the global Nutraceutical
Products market along with global position, financial standing, license
agreement, products and services portfolio and revenue contribution of each
market player. Key players in the market are focusing on adopting various
strategies such as mergers and acquisition, business expansion plans, new
product launches, partnerships, collaborations, joint ventures to enhance their
product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
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), and Freedom Food Group Limited (Australia), Abbott
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Nutraceutical Products Market Segmentation based on Source:
- Proteins
& Amino Acids
- Probiotics
- Phytochemicals
& Plant Extracts
- Fibers &
Specialty Carbohydrates
- Omega-3 Fatty
Acids
- Vitamins
- prebiotics
- Carotenoids
- Minerals
- Others
Nutraceutical Products Market Segmentation based on Product:
- 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
Nutraceutical Products Market Segmentation based on Distribution Channel:
- Conventional Stores
- Grocery
Stores
- Mass
Merchandisers
- Warehouse
- Online
retail
- Pharmacies/Drugstores
- Specialty
Stores
- Bakery
Stores
- Confectionery
Stores
- Gourmet
Stores
- Health
Centers
- Cosmetic
Stores
Nutraceutical Products Market Segmentation based on Regions:
·
North
America (U.S., Canada, Mexico)
·
Europe
(Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
·
Asia
Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
·
Latin
America (Brazil, Rest of Latin America)
·
Middle
East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East &
Africa)
Key
Features of the global Nutraceutical Products Market:
·
The
report offers detailed estimations at the regional level with manufacturers,
consumption, sales and import/export dynamics.
·
The
report provides accurate details related of the manufacturers/vendors in the
market, company overview, pricing analysis, financial standing, product
portfolio, and gross profit of leading companies.
·
Company
profiling with prevalent expansion strategies, revenue generation, and recent
developments.
·
Optimum
strategic initiatives for new players in the market.
·
Manufacturing
processes, suppliers, cost, rates of production and consumption, transport mode
and cost structuring, and value chain analysis.
·
The
study also includes supply chain trends, including elaborate descriptions of
the latest technological development
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reading our research report. We also offer report customization as per client
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