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The nutraceuticals market size is projected to reach US$ 895.76 billion by 2031 from US$ 500.77 billion in 2023. The market is expected to register a CAGR of 7.5% during 2023–2031. The plant-based and organic nutraceuticals are likely to bring new trends into the market during the forecast period.
Nutraceuticals Market Analysis
The rising health consciousness among people, owing to the increasing prevalence of obesity, diabetes, and other diseases, are among the major factors driving the nutraceuticals market. The preference for an active lifestyle favors the market growth in North America. The rapidly progressing e-commerce industry drives the online sales of nutraceuticals, in turn contributing to the market growth.
Nutraceuticals Market Overview
Consumers in developed and some developing countries are highly attracted to functional products, mainly on account of the added health and wellness benefits. Nutraceuticals are associated with various medicinal and health benefits, such as to improve the function of the immune system, boost gut health, and others. Rising healthcare costs, coupled with the increasing geriatric population across the world, propels the adoption of various nutraceuticals such as dietary supplements, functional food and beverages, and sports nutrition products. Growing consumer focus on preventive health and health-promoting diets, and increasing instances of lifestyle-related disorders further add to the popularity of nutraceuticals.
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Nutraceuticals Market: Strategic Insights
Market Size Value in US$ 252,535.4 Million in 2018 Market Size Value by US$ 465,709.8 Million by 2027 Growth rate CAGR of 7.1 % from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Nutraceuticals Market: Strategic Insights
| Market Size Value in | US$ 252,535.4 Million in 2018 |
| Market Size Value by | US$ 465,709.8 Million by 2027 |
| Growth rate | CAGR of 7.1 % from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Nutraceuticals Market Drivers and Opportunities
Innovations and Strategic Developments Fuel Nutraceuticals Market
The nutraceuticals market across the world is growing with significant investments by manufacturers in research & development, partnerships, and collaborations to launch innovative products to tap into unexplored market segments. In February 2022, PepsiCo's Rockstar Energy brand launched a "hemp-infused drink" in the US. The energy drink, branded "Rockstar Unplugged," contains hemp seed oil, vitamin B complex, spearmint, and lemon balm; moreover, the drink contains no sugar or calories. This product was made available in three flavors: blueberry, passionfruit, and raspberry-cucumber. Similarly, in March 2024, a dairy giant in Japan launched a milk beverage called "Meiji Eye and Sleep W Support," containing 7.5 mg of a functional ingredient—crocetin, which is a carotenoid derived from gardenia fruit and saffron. Owing to its small molecular weight, the drink can be easily absorbed into the body. Thus, the increasing product innovation by key market players worldwide is driving market growth.
Various nutraceutical manufacturers operating in Europe engage in collaborations to expand their customer base. For instance, in May 2024, DSM-Firmenich and Indena introduced dietary supplement solutions combining biotics and botanicals at Vitafoods Europe 2024, focusing on gut health, brain health, and healthy aging. In May 2024, Aliga Microalgae, a Danish food-tech company, acquired chlorella algae facilities in Holland, marking a move toward the commercialization of its chlorella algae products. With this acquisition, the company plans to scale up its production capacity of food ingredients and dietary supplements. Thus, the strategic development initiatives and continuous innovations by key market players propel the nutraceuticals market across the globe.
Rising Penetration of E-Commerce to Generate Growth Opportunities in Market
The emergence of e-commerce has significantly transformed the way people shop and spend their money. A positive change in the organized retail sector, a rise in the reach of smartphones and the internet, an upsurge in purchasing power, easy access to emerging technologies, and convenience provided by online retail shopping platforms from anywhere at any time are a few of the major factors bolstering the penetration of e-commerce worldwide. Consumers are becoming confident about purchasing various nutraceutical products online, moving from the traditional purchasing model to the home delivery service model. Moreover, online sales of nutraceuticals grew significantly during the COVID-19 pandemic due to the shutdown of physical stores and the government's imposition of social restrictions. As lockdowns constrained people's movement and compelled them to stay home, there was a substantial inclination toward online shopping. With the increasing penetration of online shopping, manufacturers began selling products through direct-to-customer (D2C) channels by launching their online retail sites, thereby eliminating the need to invest in expensive marketing and distribution infrastructure. For instance, Herbalife International, Inc; Now Foods; and Quest Nutrition have their own retail channels. Thus, the increasing dependency on e-commerce services and the adoption of the D2C strategy by manufacturers are expected to create lucrative opportunities for the nutraceuticals market growth in the coming years.
Nutraceuticals Market Report Segmentation Analysis
Key segments that contributed to the derivation of the nutraceuticals market analysis are type and distribution channel.
- Based on type, the nutraceuticals market is segmented into functional foods, functional beverages, and dietary supplements. The dietary supplements segment is further categorized into general wellness, sports nutrition, weight management, immune health, and others. The functional foods segment held the largest market share in 2023.
- In terms of distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, convenience stores, and others. The supermarkets and hypermarkets segment held a significant share of the market in 2023.
Nutraceuticals Market Share Analysis by Geography
The geographic scope of the nutraceuticals market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. North America dominated the market in 2023. Nutraceutical products such as functional food and beverages, and dietary supplements are gaining huge popularity among the American population. The increasing awareness of nutraceuticals and rising health concerns among consumers drive the North American nutraceuticals market. Obesity is a major cause of diabetes and other chronic diseases. According to the Trust for America's Health, as of September 2023, 41.9% of Americans in the US were obese. To overcome these health issues, a majority of the population is resorting to healthier diets with functional claims. They are also adopting an active lifestyle with the inclusion of physical exercises and sports which further boosts the demand for sports and health benefitting supplements. In response to this trend, several key players in the region are offering a comprehensive product portfolio of nutraceutical products. For instance, in November 2023, Vinatura Supplements LLC launched high-quality supplements for healthy living and wellness. The company aims to empower individuals focused on achieving optimal well-being.
Nutraceuticals Market Report Scope
Nutraceuticals Market News and Recent Developments
The nutraceuticals market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A recent key development in the nutraceuticals market is mentioned below:
- Nutrartis has launched Cardiosmile, a natural supplement containing plant sterols, in the US market. The liquid sachet format offers a convenient and effective approach to healthy cholesterol management and heart health, suitable for daily routines. (Source: Nutrartis, Newsletter, September 2023)
- FrieslandCampina announced the launch of a new whey protein powder with protein ingredients meant to boost medical nutrition, support athletic performance, and promote gut health. (Source: FrieslandCampina, Company Website, November 2023)
- Glanbia Nutritionals introduced FerriUp, a new whey protein that provides a strong nutrient foundation for active women, a group that may experience depleted iron and energy levels. Glanbia's new FerriUp is a high-quality whey protein produced using their selective transfer membrane system, which concentrates the key nutrient components of whey. (Source: Glanbia Plc, Company Website, October 2022)
Nutraceuticals Market Report Coverage and Deliverables
The " Nutraceuticals Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Nutraceuticals market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Nutraceuticals market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Nutraceuticals market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the nutraceuticals market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
North America accounted for the largest share of the market in 2023.
Glanbia Plc; NOW Health Group Inc; Amway Corp; Nature's Bounty; Garden of Life LLC; Danone SA; GNC Holdings, LLC; Quest Nutrition LLC; Kellanova; and Chobani LLC are a few of the key players operating in the nutraceuticals market.
Consumer focus on preventive health, and innovations and strategic developments by market players are major factors contributing to the growth of the market.
Plant-based and organic nutraceuticals are likely to emerge as key trends in the market in the future.
The nutraceuticals market size is projected to reach US$ 895.76 billion by 2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Nutraceuticals Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Porter's Five Forces Analysis
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Threat of New Entrants
4.2.5 Competitive Rivalry
4.2.6 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 Retailers
4.4 List of Vendors in the Value Chain
5. Nutraceuticals Market – Key Market Dynamics
5.1 Nutraceuticals Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Consumer Focus on Preventive Health
5.2.2 Innovations and Strategic Developments by Market Players
5.3 Market Restraints
5.3.1 Complexity of Regulations
5.4 Market Opportunities
5.4.1 Rising Penetration of E-Commerce
5.5 Future Trends
5.5.1 Plant-Based and Organic Nutraceuticals
5.6 Impact of Drivers and Restraints:
6. Nutraceuticals Market – Global Market Analysis
6.1 Nutraceuticals Market Revenue (US$ Billion), 2021–2031
6.2 Nutraceuticals Market Forecast Analysis
7. Nutraceuticals Market Analysis – by Type
7.1 Functional Foods
7.1.1 Overview
7.1.2 Functional Foods: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.2 Functional Beverages
7.2.1 Overview
7.2.2 Functional Beverages: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.3 Dietary Supplements
7.3.1 Overview
7.3.2 Dietary Supplements: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.3.3 General Wellness
7.3.3.1 Overview
7.3.3.2 General Wellness: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.3.4 Sports Nutrition
7.3.4.1 Overview
7.3.4.2 Sports Nutrition: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.3.5 Weight Management
7.3.5.1 Overview
7.3.5.2 Weight Management: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.3.6 Immune Health
7.3.6.1 Overview
7.3.6.2 Immune Health: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
7.3.7 Others
7.3.7.1 Overview
7.3.7.2 Others: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
8. Nutraceuticals Market Analysis – by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Overview
8.1.2 Supermarkets and Hypermarkets: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
8.2 Specialty Stores
8.2.1 Overview
8.2.2 Specialty Stores: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
8.3 Online Retail
8.3.1 Overview
8.3.2 Online Retail: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
8.5 Others
8.5.1 Overview
8.5.2 Others: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9. Nutraceuticals Market – Geographical Analysis
9.1 Overview
9.2 North America
9.2.1 North America Nutraceuticals Market Overview
9.2.2 North America: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.2.3 North America: Nutraceuticals Market Breakdown, by Type
9.2.3.1 North America: Nutraceuticals Market – Revenue and Forecast Analysis – by Type
9.2.4 North America: Nutraceuticals Market Breakdown, by Distribution Channel
9.2.4.1 North America: Nutraceuticals Market – Revenue and Forecast Analysis – by Distribution Channel
9.2.5 North America: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.2.5.1 North America: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.2.5.2 United States: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.2.5.2.1 United States: Nutraceuticals Market Breakdown, by Type
9.2.5.2.2 United States: Nutraceuticals Market Breakdown, by Distribution Channel
9.2.5.3 Canada: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.2.5.3.1 Canada: Nutraceuticals Market Breakdown, by Type
9.2.5.3.2 Canada: Nutraceuticals Market Breakdown, by Distribution Channel
9.2.5.4 Mexico: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.2.5.4.1 Mexico: Nutraceuticals Market Breakdown, by Type
9.2.5.4.2 Mexico: Nutraceuticals Market Breakdown, by Distribution Channel
9.3 Europe
9.3.1 Europe Nutraceuticals Market Overview
9.3.2 Europe: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.3 Europe: Nutraceuticals Market Breakdown, by Type
9.3.3.1 Europe: Nutraceuticals Market – Revenue and Forecast Analysis – by Type
9.3.4 Europe: Nutraceuticals Market Breakdown, by Distribution Channel
9.3.4.1 Europe: Nutraceuticals Market – Revenue and Forecast Analysis – by Distribution Channel
9.3.5 Europe: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.3.5.1 Europe: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.3.5.2 Germany: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.5.2.1 Germany: Nutraceuticals Market Breakdown, by Type
9.3.5.2.2 Germany: Nutraceuticals Market Breakdown, by Distribution Channel
9.3.5.3 France: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.5.3.1 France: Nutraceuticals Market Breakdown, by Type
9.3.5.3.2 France: Nutraceuticals Market Breakdown, by Distribution Channel
9.3.5.4 Italy: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.5.4.1 Italy: Nutraceuticals Market Breakdown, by Type
9.3.5.4.2 Italy: Nutraceuticals Market Breakdown, by Distribution Channel
9.3.5.5 Spain: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.5.5.1 Spain: Nutraceuticals Market Breakdown, by Type
9.3.5.5.2 Spain: Nutraceuticals Market Breakdown, by Distribution Channel
9.3.5.6 United Kingdom: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.5.6.1 United Kingdom: Nutraceuticals Market Breakdown, by Type
9.3.5.6.2 United Kingdom: Nutraceuticals Market Breakdown, by Distribution Channel
9.3.5.7 Rest of Europe: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.3.5.7.1 Rest of Europe: Nutraceuticals Market Breakdown, by Type
9.3.5.7.2 Rest of Europe: Nutraceuticals Market Breakdown, by Distribution Channel
9.4 Asia Pacific
9.4.1 Asia Pacific Nutraceuticals Market Overview
9.4.2 Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.3 Asia Pacific: Nutraceuticals Market Breakdown, by Type
9.4.3.1 Asia Pacific: Nutraceuticals Market – Revenue and Forecast Analysis – by Type
9.4.4 Asia Pacific: Nutraceuticals Market Breakdown, by Distribution Channel
9.4.4.1 Asia Pacific: Nutraceuticals Market – Revenue and Forecast Analysis – by Distribution Channel
9.4.5 Asia Pacific: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.4.5.1 Asia Pacific: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.4.5.2 China: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.5.2.1 China: Nutraceuticals Market Breakdown, by Type
9.4.5.2.2 China: Nutraceuticals Market Breakdown, by Distribution Channel
9.4.5.3 Japan: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.5.3.1 Japan: Nutraceuticals Market Breakdown, by Type
9.4.5.3.2 Japan: Nutraceuticals Market Breakdown, by Distribution Channel
9.4.5.4 India: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.5.4.1 India: Nutraceuticals Market Breakdown, by Type
9.4.5.4.2 India: Nutraceuticals Market Breakdown, by Distribution Channel
9.4.5.5 Australia: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.5.5.1 Australia: Nutraceuticals Market Breakdown, by Type
9.4.5.5.2 Australia: Nutraceuticals Market Breakdown, by Distribution Channel
9.4.5.6 South Korea: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.5.6.1 South Korea: Nutraceuticals Market Breakdown, by Type
9.4.5.6.2 South Korea: Nutraceuticals Market Breakdown, by Distribution Channel
9.4.5.7 Rest of Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.4.5.7.1 Rest of Asia Pacific: Nutraceuticals Market Breakdown, by Type
9.4.5.7.2 Rest of Asia Pacific: Nutraceuticals Market Breakdown, by Distribution Channel
9.5 Middle East and Africa
9.5.1 Middle East and Africa Nutraceuticals Market Overview
9.5.2 Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.5.3 Middle East and Africa: Nutraceuticals Market Breakdown, by Type
9.5.3.1 Middle East and Africa: Nutraceuticals Market – Revenue and Forecast Analysis – by Type
9.5.4 Middle East and Africa: Nutraceuticals Market Breakdown, by Distribution Channel
9.5.4.1 Middle East and Africa: Nutraceuticals Market – Revenue and Forecast Analysis – by Distribution Channel
9.5.5 Middle East and Africa: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.5.5.1 Middle East and Africa: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.5.5.2 South Africa: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.5.5.2.1 South Africa: Nutraceuticals Market Breakdown, by Type
9.5.5.2.2 South Africa: Nutraceuticals Market Breakdown, by Distribution Channel
9.5.5.3 Saudi Arabia: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.5.5.3.1 Saudi Arabia: Nutraceuticals Market Breakdown, by Type
9.5.5.3.2 Saudi Arabia: Nutraceuticals Market Breakdown, by Distribution Channel
9.5.5.4 United Arab Emirates: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.5.5.4.1 United Arab Emirates: Nutraceuticals Market Breakdown, by Type
9.5.5.4.2 United Arab Emirates: Nutraceuticals Market Breakdown, by Distribution Channel
9.5.5.5 Rest of Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.5.5.5.1 Rest of Middle East and Africa: Nutraceuticals Market Breakdown, by Type
9.5.5.5.2 Rest of Middle East and Africa: Nutraceuticals Market Breakdown, by Distribution Channel
9.6 South and Central America
9.6.1 South and Central America Nutraceuticals Market Overview
9.6.2 South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.6.3 South and Central America: Nutraceuticals Market Breakdown, by Type
9.6.3.1 South and Central America: Nutraceuticals Market – Revenue and Forecast Analysis – by Type
9.6.4 South and Central America: Nutraceuticals Market Breakdown, by Distribution Channel
9.6.4.1 South and Central America: Nutraceuticals Market – Revenue and Forecast Analysis – by Distribution Channel
9.6.5 South and Central America: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.6.5.1 South and Central America: Nutraceuticals Market – Revenue and Forecast Analysis – by Country
9.6.5.2 Brazil: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.6.5.2.1 Brazil: Nutraceuticals Market Breakdown, by Type
9.6.5.2.2 Brazil: Nutraceuticals Market Breakdown, by Distribution Channel
9.6.5.3 Argentina: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.6.5.3.1 Argentina: Nutraceuticals Market Breakdown, by Type
9.6.5.3.2 Argentina: Nutraceuticals Market Breakdown, by Distribution Channel
9.6.5.4 Rest of South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
9.6.5.4.1 Rest of South and Central America: Nutraceuticals Market Breakdown, by Type
9.6.5.4.2 Rest of South and Central America: Nutraceuticals Market Breakdown, by Distribution Channel
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Agreements, Collaborations, And Joint Ventures
11.3 Product Launch
11.4 Expansions And Other Strategic Developments
12. Company Profiles
12.1 Glanbia Plc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 NOW Health Group Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Amway Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Nature's Bounty
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Garden of Life LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Danone SA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 GNC Holdings LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Quest Nutrition LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Kellanova
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Chobani LLC
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
List of Tables
Table 1. Nutraceuticals Market Segmentation
Table 2. List of Vendors
Table 3. Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Table 4. Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion) – by Type
Table 5. Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion) – by Distribution Channel
Table 6. North America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 7. North America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 8. North America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 9. United States: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 10. United States: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 11. Canada: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 12. Canada: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 13. Mexico: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 14. Mexico: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 15. Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 16. Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 17. Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 18. Germany: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 19. Germany: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 20. France: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 21. France: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 22. Italy: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 23. Italy: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 24. Spain: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 25. Spain: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 26. United Kingdom: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 27. United Kingdom: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 28. Rest of Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 29. Rest of Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 30. Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 31. Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 32. Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 33. China: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 34. China: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 35. Japan: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 36. Japan: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 37. India: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 38. India: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 39. Australia: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 40. Australia: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 41. South Korea: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 42. South Korea: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 43. Rest of Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 44. Rest of Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 45. Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 46. Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 47. Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 48. South Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 49. South Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 50. Saudi Arabia: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 51. Saudi Arabia: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 52. United Arab Emirates: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 53. United Arab Emirates: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 54. Rest of Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 55. Rest of Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 56. South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 57. South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 58. South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Country
Table 59. Brazil: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 60. Brazil: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 61. Argentina: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 62. Argentina: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
Table 63. Rest of South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Type
Table 64. Rest of South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion) – by Distribution Channel
List of Figures
Figure 1. Nutraceuticals Market Segmentation, by Geography
Figure 2. Ecosystem: Nutraceuticals Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Nutraceuticals Market Revenue (US$ Billion), 2021–2031
Figure 5. Nutraceuticals Market Share (%) – by Type (2023 and 2031)
Figure 6. Functional Foods: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 7. Functional Beverages: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 8. Dietary Supplements: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 9. General Wellness: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 10. Sports Nutrition: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 11. Weight Management: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 12. Immune Health: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 13. Others: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 14. Nutraceuticals Market Share (%) – by Distribution Channel (2023 and 2031)
Figure 15. Supermarkets and Hypermarkets: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 16. Specialty Stores: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 17. Online Retail: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 18. Convenience Stores: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 19. Others: Nutraceuticals Market – Revenue and Forecast to 2031 (US$ Billion)
Figure 20. Nutraceuticals Market Breakdown by Region, 2023 and 2031 (%)
Figure 21. North America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 22. North America: Nutraceuticals Market Breakdown, by Type (2023 and 2031)
Figure 23. North America: Nutraceuticals Market Breakdown, by Distribution Channel (2023 and 2031)
Figure 24. North America: Nutraceuticals Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 25. United States: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 26. Canada: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 27. Mexico: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 28. Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 29. Europe: Nutraceuticals Market Breakdown, by Type (2023 and 2031)
Figure 30. Europe: Nutraceuticals Market Breakdown, by Distribution Channel (2023 and 2031)
Figure 31. Europe: Nutraceuticals Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 32. Germany: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 33. France: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 34. Italy: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 35. Spain: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 36. United Kingdom: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 37. Rest of Europe: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 38. Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 39. Asia Pacific: Nutraceuticals Market Breakdown, by Type (2023 and 2031)
Figure 40. Asia Pacific: Nutraceuticals Market Breakdown, by Distribution Channel (2023 and 2031)
Figure 41. Asia Pacific: Nutraceuticals Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 42. China: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 43. Japan: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 44. India: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 45. Australia: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 46. South Korea: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 47. Rest of Asia Pacific: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 48. Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 49. Middle East and Africa: Nutraceuticals Market Breakdown, by Type (2023 and 2031)
Figure 50. Middle East and Africa: Nutraceuticals Market Breakdown, by Distribution Channel (2023 and 2031)
Figure 51. Middle East and Africa: Nutraceuticals Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 52. South Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 53. Saudi Arabia: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 54. United Arab Emirates: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 55. Rest of Middle East and Africa: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 56. South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 57. South and Central America: Nutraceuticals Market Breakdown, by Type (2023 and 2031)
Figure 58. South and Central America: Nutraceuticals Market Breakdown, by Distribution Channel (2023 and 2031)
Figure 59. South and Central America: Nutraceuticals Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 60. Brazil: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 61. Argentina: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 62. Rest of South and Central America: Nutraceuticals Market – Revenue and Forecast to 2031(US$ Billion)
Figure 63. Heat Map Analysis by Key Players
Figure 64. Company Positioning & Concentration
The List of Companies - Nutraceuticals Market
- Glanbia Plc
- NOW Health Group Inc
- Amway Corp
- Nature's Bounty
- Garden of Life LLC
- Danone SA
- GNC Holdings, LLC
- Quest Nutrition LLC
- Kellanova
- Chobani LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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