"Nutraceuticals product Market is valued at USD 205.98 Billion in 2018 and expected to reach USD 312.59 Billion by 2025 with the CAGR of 6.14% over the forecast period."
Rising trend towards prevalence of chronic diseases like diabetes, cancer, inflammatory and Parkinson's diseases as well as obesity with increasing ageing population are some key factors responsible for the growing demand of Nutraceuticals products market.
Scope of the Nutraceuticals Product Market Report:
Nutraceutical is a combination of two words “nutrition” and “pharmaceutics.” Nutraceuticals products are substances that have many health benefits and used as medicine to improve health, delay the aging process, increase life expectancy, prevent chronic diseases, and support the structure and function of the body. Nutraceuticals have potential nutritional, safety and therapeutic effects and show promising health aids in various complications such as on hard curative disorders related to oxidative stress including allergy, Alzheimer's, cardiovascular, cancer, diabetes, and eye, immune, inflammatory and Parkinson's diseases as well as obesity. According to the NCBI study, the market of the Nutraceuticals products market is expanding exponentially and would reach around USD 250 billion by 2018 globally. Nutraceuticals product includes yogurts and fortified breakfast cereals, vitamins, herbal remedies, and even genetically modified foods and supplements like Green Tea, Omega-3 fatty acids, etc. phytochemicals, functional foods, and nutritional supplements which provide nutritional value as similar to conventional food.
Nutraceutical product Companies:
Nutraceutical product market report covers prominent players,
• Kraft Heinz Company
• AOR
• Archer Daniels Midland Company
• BASF SE
• Aneva Nutraceuticals Ltd.
• The Hain Celestial Group
• Conagra
• General Mills
• Kellogg's
• Nestle
• Nature's Bounty
• Amway
• Hero Group
• Barilla
• Others
Nutraceutical product Market Dynamics –
The growing need for nutraceutical products to the diabetic patient, chronic disease, as well as due to surge in both the aging and geriatric population with increasing health awareness is responsible for the growth of self-care nutritional products. According to the UN department of economic and social affairs, by 2050 the urban population of developing countries will reach 5.3 billion, with Asia expected to host 63% approximately 3.3 billion people and Africa nearly 20% of the world’s urban population. Due to increasing such geriatric population, the demand for nutraceuticals has tremendously risen for diabetic patients intended for the prevention purpose. According to the World Health Organization, the prevalence of diabetes has increased from 108 million in 1980 to 422 million in 2014. As diabetes patients need dietary foods for treatment and regulate the nutrition in the body using suitable nutraceutical products to control the glucose level of the body. Although there is a great demand for these nutraceuticals in the market, this industry is facing some challenges like contamination of pesticides and heavy metal like lead, mercury, arsenic, and other, low bio-active content, and inconsistency in output due to heavy reliance on weather, soil and traditional means of production are the main factors may hinder the growth of these market. Increasing adoption of supplementary diets with health cautiousness among the people, for diabetic patients long-chained Omega-3 helps to maintain a healthy heart which has created a huge opportunity for the growth of this market. However Omega-3 fatty acids are essential nutrients that are important in preventing and managing heart disease and reduce the risk of deaths due to diabetes.