Global Nutraceutical Product Market Analysis, 2020
by Type (Food, Beverages, Dietary Supplements), By Source (Probiotics, Prebiotics, Vitamins, Minerals), By Distribution Channel (Conventional Stores, Specialty Stores, Drugstores & Pharmacies), By Region (North America, South America, Europe, APAC, Middle East, Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, Russia & CIS, Spain, China, India, Japan, South Korea, South East Asia, Saudi Arabia, UAE, Turkey, Qatar, By Company
Food & Beverages
Nutraceutical Products are food fortified supplements that can be used as medicine which provide medical or health benefits including the prevention or treatment of a disease. Rapid urbanization, increasing disposable income, coupled with changing consumer lifestyles, buying patterns, dietary habits, as well as an increasing need and awareness about the nutrients are propelling the demand for nutraceutical products the globe. Moreover, extensive product innovation by companies offering nutrition-rich products is one of the prime factors driving the Global Nutraceutical Product market.
According to MarkNtel Advisors’ research report titled “Global Nutraceutical Product Market Analysis, 2019”, the Global Nutraceutical Product market is anticipated to grow at a CAGR of around 7.20% during 2020-25. North America region currently dominates the Global Nutraceutical Product market as the countries in the region, primarily since countries in the region such as the U.S, Canada, Mexico are highly health-conscious and are aware of the benefits of nutrients in the body. Moreover, the rising growth of the retail sector in the country is contributing to the market as the expansion of retail stores results in the new store opening. End users are more inclined toward convention stores due to the easy availability of several vendors under one roof. The food segment dominated the Global Nutraceutical Product market in 2019.
Start-ups and Product Investment by Established Players to Intensify Competition
The investments by the well-established players in new product development and start-ups are key factors leading to a wide competition in the industry. In 2019, Kraft Heinz announced to invest USD 100 million funds in the start-up “New Culture” which would make the animal-free cheese which will be made up of “Casein Protein”. Additionally, Conagra announced to build an innovation center in Chicago. In 2019, Amway India launched Nutrilite Cal Mag D Plus, to strengthen its nutrition portfolio.
1.1. Market Segmentation
1.2. Market Definition
2. Executive Summary
3. Expert Verbatim- What our expert says?
4. Global Nutraceutical Products Market Outlook, 2015-2025F
4.1. Market Size & Analysis
4.2. Market Share & Analysis
22.214.171.124. Dietary Supplements
4.2.3.By Distribution Channel
126.96.36.199. Conventional Stores
188.8.131.52. Specialty Stores
184.108.40.206. Drug Stores
220.127.116.11. North America
18.104.22.168. South America
22.214.171.124. Middle East & Africa
126.96.36.199. Revenue Shares
188.8.131.52. Strategic Factorial Indexing
184.108.40.206. Competitor Placement in Markntel Quadrant
5. North America Nutraceutical Products Market Outlook, 2015- 2025F
5.1. Market Size & Analysis
5.2. Market Share & Analysis
5.2.3.By Distribution Channel
5.3. The US Nutraceutical Products Market Outlook, 2015-2025F