Nutraceuticals Market Worth USD 149.89 Billion by 2023 | Technavio

Technavio has published a new market research report on the global nutraceuticals market from 2019-2023. (Graphic: Business Wire)

LONDON--()--According to Technavio Research Report “Nutraceuticals Market by product (functional food, functional beverage, and dietary supplements) and geographical regions (APAC, EMEA, and the Americas) is witnessed to grow USD 149.89 billion, at a CAGR of 8% from 2019 to 2023”.

Browse complete ToC and LoE, as well as selected illustrations and example pages of nutraceuticals market.

Request for Sample @

https://www.technavio.com/talk-to-us?report=IRTNTR30566

Global nutraceuticals market: Industry developments

Improving the distribution networks and ensuring the availability of products among consumers are becoming the primary focus of vendors. As more companies are targeting online platforms to promote their products through visual representations, blogs, videos, and images, there has been an increase in advertising and marketing activities in the nutraceuticals market.

“Various strategies such as press releases, annual reports, and participation in conferences are being adopted by the leading players in the global nutraceuticals market, to gain market share. Product launches, joint ventures, acquisitions, partnerships, expansion projects, collaborations, and investments are some of the key strategies adopted. This is increasing the awareness of nutraceutical products among consumers,” says a senior analyst at Technavio for research on health and wellness.

Few Major Players for the Nutraceuticals Market are:

  • Archer Daniels Midland
  • DANONE
  • General Mills
  • Nestlé
  • PepsiCo

Global nutraceuticals market: Segmentation analysis

This market research report segments the global nutraceuticals market by product (functional food, functional beverage, and dietary supplements) and geographical regions (APAC, EMEA, and the Americas).

The functional food segment held the largest market share in 2018, accounting for over 36% of the market. This product segment is expected to dominate the global market throughout the forecast period. The Americas led the market in 2018 with a market share of over 39%. This region is expected to dominate the market through 2023, however there will be a decrease in its market share.

https://www.technavio.com/speak-to-analyst?report=IRTNTR30566

Rising demand for nutraceuticals with medical benefits.

Nutraceuticals play a crucial role in modifying and maintaining physiological functions required for the proper functioning of the body. Nutraceuticals that contain antioxidants, probiotics, and polyunsaturated fatty acids help in managing health issues, such as obesity, cardiovascular diseases, cancer, cholesterol, osteoporosis, arthritis. and diabetes. Therefore, there is a rapid increase in demand for nutraceuticals.

Browse Industries Reports @ Life Sciences Tools and Services

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

According to Technavio Research Report “Nutraceuticals Market is witnessed to grow USD 149.89 billion, at a CAGR of 8% from 2019 to 2023”.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com