Nutraceuticals Market Expected to Reach a Value of US$ 403 Billion by 2024

Global Nutraceuticals Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Nutraceuticals Market Overview: The new report published by IMARC Group titled, “Nutraceuticals Market Report: COQ10, Probiotics/Prebiotics, Taurine, Omega-3, Green Tea, Antioxidants, Calcium, Lycopene, B-Complex, Dietary Fibre, Collagen, Aloe Vera and Zinc”, finds that the global nutraceuticals market reached a value of US$ 266 Billion in 2018, exhibiting a CAGR of nearly 6% during 2011-2018. Nutraceuticals are food and beverages which cater to individual nutritional demands and offer health benefits beyond basic nutrition. Nutraceuticals range from fortified products (such as vitamin-fortified juices) to enhanced commodities(such as eggs with higher omega-3 content). These products can be required due to certain health conditions, professional needs or food allergies and intolerances, and can help enhance immunity and digestion, prevent chronic diseases, improve cognitive behaviour, etc.

Highlights of the Global Nutraceuticals Market: • •

The shifting consumer preference towards personalised nutrition products remains the major growth driver.

Digestive and immune health products dominated the market, representing the most popular indication type.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Several other factors such asbetter understanding towards fitness, growing health concerns, lifestyle changes,increasing disposable incomes and demand from emerging regions are alsostimulating the global nutraceutical market. New product launches are further projected to strengthen the market growth. Owing to these factors, the market is expected to reach a value of US$ 403 Billion by 2024.

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Report Description •

The United States is the largest market, accounting for around a fourth of the global market.

The market is currently being driven by a number of growth inducing factors. One of the major factors is the shift towards personalized nutrition which has enabled the manufacturers to provide products that are better suited to the individual health and nutritional requirements of the consumers.

Furthermore, the increase in the aging population and the prevalence of lifestyle diseases, particularly in the developed regions, has encouraged the demand for nutraceuticals.

For more information, click here: https://www.imarcgroup.com/global-nutraceuticals-market Key Market Segmentation: Market Segmentation By Indication • • • • •

Digestive Health Heart Health Bone & Joint Health Cognitive Health Beauty

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Physical Health

Based on indications, the market has been classified into the digestive and immune, energy and alertness, heart, bone and joint, cognitive, and beauty health segments. At present, products for enhancing digestive and immune health dominate the market.

Market Segmentation by Type • •

Personalised Foods Personalised Beverages

On the basis of products, the market has been bifurcated into personalized foods and beverages. Some of the popularly consumed personalized foods include dairy products, confectionery, bakery products, oil and fats, snack bars, and other products. On the other hand, widely preferred personalized beverages include nutrient-enhanced water drinks, juices, energy and sports drinks, and RTD tea.

Market Segmentation by Region •

United States

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China Mexico Japan Brazil United Kingdom

On the basis of region, the United States represents the largest market for nutraceuticals accounting for more than a fourth of the total global market. The other major regions include the United Kingdom, Brazil, Japan, Mexico and China.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • •

PepsiCo Inc. Coca Cola Otsuka Yakult Honsha

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Danone GlaxoSmithKline Cadbury Morinaga Nestle Kirin Brewery

Browse Related Report Guacamole Market: https://www.imarcgroup.com/guacamole-market Green Tea Market Report: https://www.imarcgroup.com/green-tea-market

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