The global nutraceutical market should grow from $289.8 billion in 2021 to $438.9 billion by 2026, at a compound annual growth rate (CAGR) of 8.7% for the period of 2021-2026. The functional beverages as a product of the nutraceutical market should grow from $104.3 billion in 2021 to $162.4 billion by 2026, at a CAGR of 9.3% for the period of 2021-2026. The functional food as a product of the nutraceutical market should grow from $94.2 billion in 2021 to $144.9 billion by 2026, at a CAGR of 9.0% for the period of 2021-2026. Report Scope This report provides market insights into the global market for nutraceuticals, with specific focus on the U.S., Europe and India and the top ingredients in those countries. It provides an array of information including market size, expected growth rates, market drivers and restraints, as well as other trends and developments in the market. The global nutraceutical market has expanded rapidly in recent years, and this trend is projected to continue. Rising health concerns, an aging population and rising per capita income in developing nations such as China, India and Brazil are driving the industry. The worldwide nutraceutical market is confronted with a number of obstacles, including high nutraceutical product pricing and a lack of awareness regarding nutraceuticals. There are numerous potential chances to enter the global nutraceutical business due to its exponential growth. There is also room for contract makers of nutraceutical products to optimize product manufacturing and delivery time. Furthermore, increased industry regulation globally, new product launches, and an increase in acquisitions are boosting global nutraceutical market growth. Increasing consumer demand for nutraceutical products is also helping market players to position themselves globally by launching a variety of new and innovative products. Currently, changes due to technology and innovation allow manufacturers to produce nutraceuticals and functional foods targeted for both specific and general health issues. Regulatory authorities in different countries are taking the initiative to set standards and regulations for the promotion of safe and healthy nutraceuticals. This report is designed to cover aspects of nutraceutical types, demand trends and market opportunities. It also examines the overall global nutraceutical market and the market penetration of nutraceuticals in different regions and countries. The Report Includes 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 labelling regulation; and information on the international alliance of dietary food supplement associations Profiles of major market players and their core competencies in the nutraceutical market including Abbott
Source: https://www.prnewswire.com/news-releases/global-nutraceuticals-market-report-2021-2026-with-profiles-of-abbott-laboratories-ajinomoto-basf-cargill-nestle-omega-protein-corp-pharma-marine-zymes-301458114.html
