According to Precedence Research, the global nutraceuticals market size is expected to be worth around US$314.2 billion by 2030, growing at a CAGR of 7.1%
OTTAWA, June 17, 2021 (GLOBE NEWSWIRE) -- The global nutraceuticals market size was valued at US$ 160.3 billion in 2020. Nutraceuticals refers to the specific food products which offer various health benefits along with the base nutritious values of the food products. Nutraceuticals are gaining huge attraction in the recent years as it helps to prevent numbers of diseases. Growth in the awareness among the individuals across the globe is fuelling demand for the nutraceuticals. Major components of the nutraceuticals include dietary supplements and functional food as well as beverages. Nutraceuticals is an approach to prevent the diseases. Also, outbreak of COVID-19 can have positive impact on the demand as well as supply of the nutraceuticals, as the increasing need to propel the immunity in the young as well as old age population is creating huge demand for the dietary supplements and various functional foods across the world.
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What are the growth factors of nutraceuticals market?
Major highlights of report:
Report Highlights:
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Market Segments: This part of the report discusses about product type, form type of the research department explosive market based on market share, CAGR, market size, and various other factors.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Research department explosive market.
Executive Summary: It includes key trends of the research department explosive market related to products, form type, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the research department explosive market based on production and revenue.
Key Market Players and Strategies:
The major companies functioning in the worldwide nutraceuticals are Archer Daniels Midland Company, General Mills , Inc. E. I. du Pont de Nemours and Company, Aland (Jiangsu) Nutraceutical Co., Ltd. BASF SE, Cargill, Incorporated, DSM N.V. Groupe Danone S.A. Nestle S.A. and PepsiCo Inc. among others. Enormous investment in the study of the nutraceuticals accompanied by strategic collaborations like as mergers, company acquisitions are business approaches commenced by the major companies in the nutraceuticals market. For instance, in 2019, Amway a leading company launched new Nutrilite product which was DHA yummies. This product supports nutrition of omega-3 fatty acids as well as vitamin D. Further, in year 2018 the same company launched Nutrilite herbal products including tulsi, vibhitaki, haritaki, Nutriliteamalakai.
Major Market Segments Covered:
By Type
By Form
By Geography
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