Global Nutraceutical Market Overview:

The word "nutraceutical" is used to describe the nutritional or medical functional foods. Nutraceuticals, also known as medical foods, synthetic foods, phytochemicals, functional foods and nutritional supplements, including consumer products such as organic yoghurts and fortified breakfast cereals, as well as vitamins and herbal remedies, plants and even genetically modified foods and supplements. Many different terms and definitions are utilized in different countries, which can lead to confusion. A nutraceutical is a standardized nutrient and pharmaceutical grade. In the USA, "nutraceuticals" do not exist as a regulatory category; they are regulated as dietary supplements and food additives by the FDA under the Federal Food, Drug and Cosmetic Act. The Global Nutraceuticals Market will reach $336.1 billion by the year 2023 from $230.9 billion in 2018 growing at a CAGR of 7.8% during 2018 to 2023.

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Global Nutraceutical Market - Drivers and Restraints:

The growth in consumer expenditure on functional foods and beverages has opened lucrative opportunities for the global nutraceutical market. Consumers, particularly those in emerged countries, are exploring healthier lifestyles to reduce the incidence of chronic and lifestyle-related diseases. These trends have reinforced the demand for dietary supplements not only as a means to improve physical performance, but also as a disease prevention option. In addition to growth in developed regions, the market is also prepared to see attractive opportunities in Asia-Pacific. The enhancement of medical care infrastructure in the emerging economies of the region and the increase in disposable income as well as per capita incomes will boost the nutraceutical market in Asia Pacific.

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Global Nutraceutical Market - Geographical Segmentation:

On the basis of geography, North America dominated the global nutraceutical market with a share of more than 39.6% in value. As people in North America become more health conscious, the demand for nutraceuticals in the region is estimated to be increasing accordingly. The regional market is also expected to benefit from the steady increase in demand in Canada and the United States. Asia Pacific claimed second largest share of the market. The growing demand for functional foods and dietary supplements from developing economies in the Asia Pacific region is predicted to propel sales of nutraceuticals in the region. The rising preference for healthy drinks between athletes, since these drinks help them excel in sports, lose weight and stay healthy will also bode well for the nutraceutical market in Asia-Pacific. Also, Indian consumers are opting for nutraceuticals instead of their synthetic alternatives for the treatment of chronic ailments. These enhancements will provide a significant boost to the nutraceutical market in Asia-Pacific.

List for the key players in Global Nutraceutical Market:

BASF SE, Cargill, Royal DSM N.V., Groupe Danone S.A., Archer Daniels Midland Company, Nestle S.A., E. I. du Pont de Nemours, and General Mills, Inc. are the major players of the market.

Global Nutraceuticals Market Analysis - By Type:

• FUNCTIONAL FOOD
• CONFECTIONERY
• BAKERY
  • Bread
• SNACKS
  • Cookies and Crackers
• DAIRY NONDRINKABLE
• MEAT
• GRAIN AND FLOUR
• FROZEN FRUITS AND VEGETABLES
• FUNCTIONAL BEVERAGES
• NONCARBONATED DRINKS
• DAIRY DRINKS
• FROZEN JUICES
• TEA AND COFFEE
  • Green Tea
  • Black Tea and Ice Tea
  • Functional Coffee
• DIETARY SUPPLEMENTS

Global Nutraceuticals Market Analysis - By Ingredients:

• VITAMINS AND MINERALS
• PROBIOTICS
• FIBER
• WHOLE GRAINS
• HIGH-FIBER FOOD
• BETA-GLUCAN
• OMEGA-3
• PROTEIN AND PEPTIDES
• PROTEIN TYPES
  • Soy Protein
  • Whey
• AMINO ACIDS
• PHYTOCHEMICALS
• PLANT STEROLS
• ANTIOXIDANTS

Global Nutraceuticals Market Analysis - By Application:

•  SPORTS AND ENERGY
• GENERAL WELLNESS
• WEIGHT MANAGEMENT
• FUNCTIONAL BREAKFAST
• SATIETY PRODUCTS
• HEART HEALTH
• GI AND DIGESTIVE HEALTH
• BEAUTY AND ANTI-AGING
• TYPE 2 DIABETES
• MEMORY AND MENTAL HEALTH

Global Nutraceuticals Market Analysis - By Region:

•  NORTH AMERICA
• EUROPE
• ASIA-PACIFIC
• SOUTH AMERICA

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