DUBLIN--(BUSINESS WIRE)--The "Global Nutraceuticals Market (2021-2026) by Type, Application, Health Benefits, Form, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Nutraceuticals Market is estimated to be USD 224.56 Bn in 2021 and is expected to reach USD 365.45 Bn by 2026, growing at a CAGR of 10.23%.
The key factor driving the market demand for fortified food is a survey conducted in the U.S. on which 89%. of consumers agreed that fortified food has health benefits beyond their primary nutrition. It helps in increasing health consciousness amongst consumers. U.S. and Canada are opting for High adoption of herbal medicine among individuals on account of rising concerns over hazardous effects. Surging awareness regarding nutritional enrichment in China and India foresee to remain favorable for nutraceuticals industry growth.
Opportunities are personalized healthcare Products, and technological innovation in the nutraceutical industry provides better suited and customized products to the end consumer. Recent innovation and operating-specific antioxidants are awaited to form market opportunities.
Growth in aging and spending patterns create enormous development for the market. An increase in demand for antioxidants vitamins also creates further opportunities for the market. The higher cost of fortified products until they reach the end-user might change their mind about buying the product. High-rise Investment for R&D and Stringent Regulations hampering the market growth. Nutraceutical products skepticism in Consumers. The high cost of production of raw materials becoming hinders the market growth.
Market Segmentation
- The Global Multi-Function Display Market is segmented further based on Type, Application, Health Benefits, Form, and Geography.
- By Type, the market is classified as Probiotic, Proteins And Amino Acids, Phytochemical & Plant Extracts, Fibers & Specialty Carbohydrates, Omega 3 Fatty Acids, Vitamins, Prebiotic, Carotenoids, Minerals, Others.
- By Application, the market is classified as Food, Beverages, Personal Care, Animal Nutrition, Dietary Supplements.
- By Health Benefits Type, the market is classified as Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weight Management, Others.
- By Form Type, the market is classified as Dry and Liquid.
- By Geography, Asia Pacific is projected to lead the market.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Nutraceuticals Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using a Competitive Quadrant, the analyst's proprietary competitive positioning tool.
Market Dynamics
Drivers
- Growth in the Demand for Fortified Food Owing to the Increasing Health Consciousness Amongst Consumer
- High Adoption of Herbal Medicine Among Individuals
- Rising Awareness Regarding Nutritional Enrichment in China and India
Restraints
- Higher Cost of Fortified Products Dissuading Large-Scale Usage and Adoption
- High Investment or R&D
- Stringent Regulations
Opportunities
- Product and Technological Innovation in the Nutraceutical Industry
- Recent Innovation and Findings of Function Specific
- Growth in Aging and Change n Spending Pattern Creating Growth
- Increase in Demand for Antioxidants and Vitamins
Challenges
- Consumer Skepticism Associated with Nutraceutical Products
- High Cost of Production of Raw Material
Companies Mentioned
- Associated British foods
- Arla foods
- DSM
- Ingredion Incorporated
- Tate & Lyle Plc
- Ajinomoto Co. Inc.
- Cargill incorporated
- Archer Daniels Midland company
- DuPont
- Nestle S.A.
- Danone
- General Mills
- Innophos
- WR grace
- Amway Corporation
- Pepsi co.
- Kellogg's
- Herbalife International of America
- Suntory
- BASF SE
- Aland nutraceutical co. Ltd.
- Blytheco
- Gamajet
- Pharmachem laboratories
- Balchem Corp.
- Alpha packaging
- Aker BioMarine
- Barrington Nutritionals
- Premier Nutraceuticals Pvt. Ltd.
- Sydler India
- Marlyn Nutraceuticals
For more information about this report visit https://www.researchandmarkets.com/r/ot2si3
