The Global Market for Nutraceuticals is Projected to Exceed US$300 Billion by 2022

Shift in Healthcare Focus from Intervention to Prevention Drives the Global Nutraceuticals Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Nutraceuticals market. The global market for Nutraceuticals is projected to exceed US$300 billion by 2022, driven by the nutritional benefits offered by nutraceuticals in disease prevention and health enhancement, growing prominence of preventive healthcare, and steady launch of targeted foods and supplements.

Nutraceuticals are functional foods & beverages and dietary supplements that offer numerous health benefits along with providing the required nutritional value. The spectrum of nutraceuticals has the dietary supplements, functional foods and functional beverages, on the one end, primarily aimed at health maintenance, and on the other end, the pharma/medical related products targeting specific nutritional needs of the people. Nutraceuticals are garnering immense attention in recent years due to various trends including changing lifestyles, burgeoning middle-class segment across emerging economies, transforming dietary habits, aging population, and increased life expectancy. In addition, the focus of R&D based pharmaceutical sector on expensive specialty drugs is increasing the burden on the healthcare system as well as resulting in higher out-of-pocket costs for drugs driving the focus on prevention than intervention. The self-care trend across the world is driving strong demand for nutraceuticals including superfoods, food and dietary supplements, sports nutrition, and functional foods & beverages.

Future growth in the market will be driven by rising incidence of chronic as well as lifestyle- and age-related conditions such as obesity, diabetes, cardiovascular disease, Parkinson’s and Alzheimer’s; sedentary lifestyles and deficient diets and the use of tobacco and alcohol; and increasing interest in food science and personal nutrition along with consumer preference for organic and natural foods. In the coming years, expanding elderly population and associated health concerns are likely to offer new frontiers for advanced nutraceutical products intended to improve mobility, gastrointestinal health, cardiovascular health and cognitive function. The market is also experiencing strong demand for personalized approaches to wellness that is driving product innovation in the areas of weight management, sports nutrition and healthy snacking. Other noteworthy trends benefiting market prospects in the near term include emergence of clean labeling as a new norm owing to increasing focus of consumers on ingredient list on the product; innovative delivery technologies such as microencapsulation, which protects the product from adverse conditions such as light and air; steady proliferation of advanced dietary supplement technologies in their nanoparticle and nanodispersion versions; and the rising role of pharmaceutical players, with leading companies maintaining stake in functional food & beverage and dietary supplement brands aligning with their healthcare-consumer interests.

As stated by the new market research report on [Nutraceuticals,] the United States and Europe represent the largest markets worldwide. The ever increasing drive towards staying active, looking young and remaining healthy among the aging population and the side-effects free image of nutraceuticals represent key drivers in these markets. Asia-Pacific is forecast to spearhead global growth with a CAGR of 9.9% over the analysis period. Ballooning population; economic prosperity; growing elderly population; strong focus on self-care and disease prevention; rising interest in latest trends including healthy living, fitness and sports; and expanding middle class with awareness about the link between health and diet and disposable incomes to spend on premium products represent key factors supporting demand in the region.

Major players covered in the report include Amway, Archer Daniels Midland Company, Arkopharma Laboratories S.A., Bactolac Pharmaceuticals Inc., BASF SE, BASF Human Nutrition, Bayer Healthcare AG, Bayer Consumer Care, E.I.D Parry (India) Ltd., GlaxoSmithKline Plc., Groupe Danone, Mead Johnson Nutritionals Inc., Natrol Inc., NBTY Inc., Nestlé SA, Nestlé HealthCare Nutrition, Nutraceutical Corporation, PepsiCo Inc., Perrigo Company, Red Bull GmbH, Royal DSM N.V., The Coca-Cola Co., and Xiamen Kingdomway Group Company, among others.

The research report titled “Nutraceuticals: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, regulations, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Dietary Supplements (Vitamins, Minerals, Herbals, Non-Herbals, and Others), and Functional Foods and Beverages.

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