Nutraceuticals Market to grow by USD 216.23 bn from 2021 to 2025|Technavio

NEW YORK, Oct. 18, 2021 /PRNewswire/ -- The nutraceuticals market is estimated to grow by USD 216.23 bn at a CAGR of 8.51% from 2021 to 2025. The market has been segmented by product (functional food, functional beverages, and dietary supplements) and geography (North America, APAC, Europe, South America, and MEA).

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Market Dynamics
Factors such as the rising demand for nutraceuticals with medical benefits, the increasing cost of medical treatment, and the rising number of health-conscious consumers will be crucial in driving the growth of the market. However, the high cost of nutraceuticals, the time-consuming manufacturing process of nutraceutical products, and lack of awareness among the aging population will restrict the market growth.

Company Profiles
The nutraceuticals market report provides complete insights on key vendors, including Abbott Laboratories, Archer Daniels Midland Co., BASF SE, Cargill Inc., Danone SA, General Mills Inc., Kellogg Co., Nestle SA, PepsiCo Inc., and The Coca Cola Co.

Competitive Analysis
The report includes the competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Market Segmentation

• By product, the market is classified into functional food, functional beverages, and dietary supplements. The functional food segment will contribute the largest share of the market.
• By geography, the market is classified as North America, APAC, Europe, South America, and MEA. APAC will have the largest share of the market.

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