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
Rapid urbanization, increasing disposable income coupled with changing consumer lifestyle, buying patterns, dietary habits and increasing need and awareness about the nutrients are propelling the demand for nutraceutical products the globe. Moreover, the new product innovation by the companies and offering nutrition-rich products is one of the prime factors driving the global nutraceutical product market.
According to MarkNtel Advisors’ research report “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 dominates the global nutraceutical product market as the countries in the region such as the U.S, Canada, Mexico are health conscious and are aware of the benefits of nutrients in the body. Moreover, the rising 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 towards the convention stores due to the availability of several vendors under one roof. The food segment dominated the global nutraceutical product market in 2019. However, the rising number of gym enthusiast and sports enthusiast are contributing to the beverage segment to grow.
Startups and Product Investment by Established Players to intensify Competition
The investments by the well-established players in the new product development and startup are snowballing the competition in the industry. In 2019, Kraft Heinz venture announced to invest USD 100 million funds in the startup “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