Report Highlights
The global market for nutraceuticals is expected to grow from $418.2 billion in 2024 and is projected to reach $571.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2024 to 2029.
Report Includes
- 169 data tables and 36 additional tables
- A detailed overview of the global market for nutraceuticals
- Analyses of the global market trends, with historic market revenue for 2023, estimates for 2024, and projections of compound annual growth rates (CAGRs) through 2029
- Discussion of the market potential for nutraceuticals based on key product segments (functional foods, functional beverages and dietary supplements), distribution channel, application, and region
- Analysis of the industry’s regulatory framework and policies, and product pipeline
- A discussion of ESG challenges and ESG practices in the nutraceuticals industry
- A look at recent developments, alliances, joint ventures, and acquisitions in the global nutraceutical market and discussion on legislative issues impacting the global market
- Coverage of international nutraceutical regulations; notification- and registration-based systems for nutraceutical products, such as Codex Alimentarius (food code), and FOSHU labeling regulation; and the international alliance of dietary food supplement associations
- Profiles of major market players and their core competencies, including DSM, Nestle, Danone, Ajinomoto Co., Inc., International Flavors & Fragrances Inc., and Herbalife
Report Scope
The report provides market projections for the nutraceuticals market from 2024 through 2029 and analyzes the market shares of leading companies. Based on product type, the market is segmented into functional beverages, functional food and dietary supplements. It is further segmented by application into sports and energy, weight management, general wellness, heart health, gastrointestinal (GI) and digestive health, and other applications. The market is segmented by distribution channels in the following categories: e-commerce, supermarkets, pharmacies, retail stores and other distribution channels. Regional estimates and forecasts include North America, Europe, Asia-Pacific and the Rest of the World.
Report Synopsis
Report Metrics | Details | ||||||||||||
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Base year considered | 2023 | ||||||||||||
Forecast period considered | 2024-2029 | ||||||||||||
Base year market size | $399.0 billion | ||||||||||||
Market size forecast | $571.3 billion | ||||||||||||
Growth rate | CAGR of 6.4% for the forecast period of 2024-2029 | ||||||||||||
Units considered | $ Millions | ||||||||||||
Segments covered | Product Type, Application, Distribution Channel, and Region | ||||||||||||
Regions covered | North America, Europe, Asia-Pacific, and Rest of the World | ||||||||||||
Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Spain, Italy, China, India, Japan, Brazil, South Africa, and UAE | ||||||||||||
Key Market Drivers |
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Companies studied |
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Frequently Asked Questions (FAQs)
- Growing Prevalence of Overweight and Obesity
- Increasing Demand for Dietary Supplements
- Increasing Healthcare Cost
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Consulting Editor’s Credentials
Dr. Marianna Tcherpakov has more than 10 years of experience as a bench scientist specializing in the areas of biochemistry, cell biology, assay development, antibody and drug manufacturing. She has authored several scientific publications in peer review journals. In the last 10 years, Marianna worked as a business development professional in CRO/CDMO industry. She is familiar with pharmaceutical and biotech landscape, trends and potential future developments in industry.
Report Highlights
The global nutraceutical market should grow from $289.8 billion in 2021 to $438.9 billion by 2026, at compound annual growth rate (CAGR) of 8.7% for the period of 2021-2026.
Report Includes
- 68 data tables and 51 additional tables
- A detailed overview of the global market for nutraceuticals
- Estimation of market size and analyses of global market trends, with data from 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) through 2026
- Highlights of the market potential for nutraceutical market based on key product segments (such as functional foods, functional beverages, and dietary supplements), ingredient, application, distribution channel, and region
- Information on recent developments, alliances, joint ventures, and mergers and acquisitions in the global nutraceutical market and discussion on regulatory, environmental, and legislative issues impacting the global market
- Coverage of international nutraceutical regulations; details of notification and registration-based systems for nutraceutical product such as Codex Alimentarius (food code), and FOSHU labeling regulation; and information on international alliance of dietary food supplement associations
- Profiles of major market players and their core competencies in the nutraceutical market including Abbott Laboratories, Ajinomoto Co. Inc., BASF, Cargill Inc., Nestle, Omega Protein Corp. (OPC), Pharma Marine, Zymes
Report Highlights
The global nutraceutical market should reach $336.1 billion by 2023 from $230.9 billion in 2018 at a compound annual growth rate (CAGR) of 7.8%, from 2018 to 2023.
Report Includes
- 60 data tables and 44 additional tables
- A detailed overview of the global market for nutraceuticals and other food processing technologies
- Country specific data and analysis for United States, Canada, Mexico, France, Germany, U.K., Italy, Spain, China, India, Japan, and Australia
- Assess global nutraceutical market based on key product segments such as functional foods, functional beverages and dietary supplements
- Information on recent developments, alliances, joint ventures, and mergers and acquisitions in the global nutraceutical market
- A look at the impact of regulatory, environmental, and legislative issues impacting the global market
- Identification of trends and opportunities in the food, beverage, and supplement (FBS) market for all stakeholders
- Profiles of major market players and their core competencies in the nutraceutical market, including Abbott Laboratories Inc., BASF SE, Cargill Inc., Mead Johnson Nutrition Co., Nestle Nutrition, Omega Protein Corp., and Zymes LLC
Report Highlights
The global nutraceutical market should reach $285.0 billion by 2021 from $198.7 billion in 2016 at a compound annual growth rate (CAGR) of 7.5%, from 2016 to 2021.
Report Includes
- An overview of the global market for nutraceuticals and related processing technologies.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021.
- Discussion on strategic issues like premiumization versus mass market distribution strategies, licensing/partnering agreements, NPD (new product development), product repositioning, niche markets, and other topics.
- Identification of trends and opportunities in the food, beverage, and supplement (FBS) market for all stakeholders.
- Recent developments, alliances, joint ventures, and mergers and acquisitions within the market.
- Profiles and analysis of major market players and their core competencies in the nutraceutical market.
Report Highlights
The global nutraceutical market was valued at $160.6 billion in 2013 and increased to $171.8 billion in 2014. The market is expected to reach $241.1 billion by 2019, a compound annual growth rate (CAGR) of 7% from 2014 to 2019.
Report Includes
- An overview of the global market for nutraceuticals and related processing technologies.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
- Discussion on strategic issues like premiumization versus mass market distribution strategies, licensing/partnering agreements, NPD (new product development), product repositioning, niche markets, and other topics.
- Identification of trends and opportunities in the food, beverage, and supplement (FBS) market for all stakeholders.
- Analysis in terms of which products can appeal to the mass and niche markets.
- Comprehensive profiles of major players in the field.
Report Highlights
The global nutraceuticals market is estimated at about $151 billion in 2011. By 2016, it is estimated to reach nearly $207 billion, a projected compound annual growth rate (CAGR) of 6.5% between 2011 and 2016.
Report Highlights
- The global market for nutraceutical products increased from $117.3 billion in 2007 to an estimated $123.9 billion in 2008. It should reach $176.7 billion in 2013, a compound annual growth rate (CAGR) of 7.4%.
- Nutraceutical foods currently have the largest share of the market and were worth $39.9 billion in 2007. This is expected to increase to $40.6 billion in 2008 and $56.7 billion in 2013, for a CAGR of 6.9%.
- Nutraceutical beverages generated $38.4 billion in 2007 and an estimated $42.8 billion in 2008. This segment is expected to dominate the market in 2013 with revenues of $71.3 billion, for a CAGR of 10.8%.
Report Highlights
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The global nutraceuticals market grew to $46.7 billion in 2002, at an AAGR of nearly 7%.
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2007 nutraceutical sales are projected to reach $74.7 billion at an AAGR of 9.9%.
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This assumes a world economic recovery in 2003 and an end to price competition.
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Sales could accelerate with the introduction of a “blockbuster” nutraceutical.
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