January 21, 2025
Boston: According to the latest study from BCC Research, the demand for Nutraceuticals: Global Marketsis expected to grow from $418.2 billion in 2024 to $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.
The report forecasts the nutraceuticals market from 2024 to 2029, covering major companies and market segments such as functional beverages, foods, and supplements. Applications include wellness, weight management, heart, and digestive health. The report also analyzes distribution channels such as e-commerce, supermarkets, and pharmacies, as well as regional markets of North America, Europe, Asia-Pacific, and Rest of the World.
Interesting facts
The rise of e-commerce and retail chains is driving the growth of processed food, making nutraceuticals more accessible and increasing their demand.
Factors contributing to the market’s growth include:
1. Growing Prevalence of Overweight and Obesity: The growing number of overweight and obese people is caused by unhealthy diets, lack of exercise, and poor lifestyle choices. This can lead to heart problems, diabetes and other diseases.
2. Increasing Demand for Dietary Supplements: More people are turning to vitamins, minerals, and herbal supplements to improve their health, increase energy, and address nutritional gaps, driven by greater health awareness and busy lifestyles.
3. Increasing Healthcare Costs: Medical services, treatments, and insurance are becoming more expensive due to the world’s aging populations, meaning more people with chronic diseases.
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Report Synopsis
Report Metric |
Details |
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 |
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 |
Market drivers |
|
This report addresses the following questions:
1. What is the projected growth rate and size of the nutraceuticals market?
2. What factors are driving the growth of the nutraceuticals market?
3. Which product type will dominate the market in 2029?
4. Which region has the largest market share?
Leading companies in the market include:
Related reports include:
Commercial Amino Acids: Commercial amino acids are amino acids made in large quantities for use in food, medicine, and animal feed. They are produced through fermentation or chemical methods and are used for health, nutrition, or functional purposes. Examples include glutamine, lysine, and threonine.
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Nutraceuticals: Global Markets( FOD013J )
Publish Date: Nov 2024
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