Global Nutraceuticals Market: Size, Growth, Analysis, Trends, and Forecast to 2030

According to ChemAnalyst report, “Global Nutraceuticals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global nutraceuticals demand stood at 3.21 Million Tonnes in 2020 and are forecast to reach 5.60 Million Tonnes by 2030, growing at a healthy CAGR of 5.75% until 2030. Growing population and changing consumer preference towards healthy food with high nutritious and pharmaceutical value is expected to drive the demand of nutraceuticals for the forecast period. Additionally, increasing awareness about nutraceuticals is also another factor propelling the demand.

Nutraceuticals are food products that have both nutrient and pharmaceutical value. Nutraceuticals are basically foods which are necessary for well being and can be considered as extra physiological products. They can be considered as food therapies used to promote general well-being, control symptoms, and prevent diseases. Nutraceuticals are of several types including functional foods which include cereal, confectionary, dairy, and snacks, functional beverages which include energy drinks, sports drinks, dairy, fortified juices, and others, dietary supplements which include vitamins, minerals, enzymes, botanicals, proteins, fatty acids, and others. Due to their healthy properties, they find application in food therapeutics, and gym supplements industry.

Read Full Report Here: https://www.chemanalyst.com/industry-report/nutraceuticals-market-582

Nutraceuticals is basically food having both nutritious and pharmaceutical value. Their major application areas are food therapeutics and gym supplements industry. Growing awareness about healthy and balanced diet is a factor propelling demand growth for nutraceuticals. There are many diseases which are caused due to over and under eating in terms of nutrition. There are other diseases which are related to the overall metabolism of the body. Nutraceuticals target both the nutrition and metabolism of the body and provide the body with good and balanced nutrition. There are customized diets available for different body types which can help in the well-being through food habits only.

Nutraceuticals are related to food. Hence, the price is directly linked to the fluctuations in the prices of food items. In the first half of FY20 sudden outbreak of novel coronavirus followed by a rise in the demand of packaged healthy food rendered a major rise in the global nutraceuticals, hence the prices remained high for nutraceuticals during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America.

Regionally, Asia Pacific dominates the global nutraceuticals market and holds the largest market share in FY20. Asia’s nutraceuticals market is anticipated to grow in the economies like China due to increasing demand of healthy packaged food.  Additionally growing population and increasing awareness about health and proper diet is another factor supporting demand rise in Asia Pacific.

Major players for Nutraceuticals globally include Cargill Incorporated, DuPont, Archer Daniels Midland Company, Danone, General Mills, Nestle S.A, Innophos, WR Grace, Amway Corporation, PepsiCo Inc., Kellogg Co., Nature’s bounty.

Request Sample Report: Nutraceuticals Market Report

“Being linked to the food industry, the global nutraceuticals industry has shown a robust growth alongside growing population and changing consumer preference towards healthy food.  Regionwise, Asia pacific holds the major share of global nutraceuticals demand due to increasing population and awareness about benefits of balanced and healthy diet. In Asia Pacific, China serves as the key growth region with sufficiently installed capacities for nutraceuticals.  With new competitors emerging across the Asia Pacific nutraceuticals market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst. 

About Us: 

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform.

Contact Us:

ChemAnalyst

B-44 Sector-57 Noida,

National Capital Region

Tel: 0120-4523990

Mob: +91-8882805349

Email: [email protected]

Website: https://www.chemanalyst.com/