Global Nutraceutical Products Market Expanding at a CAGR of 7.2% during 2023-2028

The Global Nutraceutical Product Market is projected to grow at a CAGR of around 7.2% during the forecast period, i.e., 2023-28. The growing inclination of consumers toward functional foods owing to their increasing health consciousness is the primary aspect driving the nutraceutical industry worldwide.

Top leading companies in the Global Nutraceutical Products Market includes:

Kraft Heinz Company, The Hain Celestial Group, Conagra, General Mills, Kellogg’s, Nestlé, Nature’s Bounty, Amway, Hero Group, Barilla Group.

Market Dynamics

Key Driver: Transcending burden of lifestyle disorders

The widespread use of processed and junk food is the primary cause of the prevalence of lifestyle disorders like obesity, diabetes, etc. The use of packaged foods and beverages with high-calorie counts together with little to no physical activity has led to such kind of lifestyle crisis. However, the integration of nutraceutical goods into the general population’s everyday routine has been fueled by expanding awareness of leading a healthy lifestyle, rising use of nutritional supplements for immunity building, boosting internal organ functions, etc.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Type

-Food

-Beverages

-Dietary Supplements

By Source

-Probiotics

-Prebiotics

-Vitamins

-Minerals

By Distribution Channel

-Conventional Stores

-Specialty Stores

-Drug Stores

-Pharmacies.

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Global Nutraceutical Products Market Geographic Reach:

The Geographic Reach of the Global Nutraceutical Products Market evaluates the spread and significance of Global Nutraceutical Products market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

• North America: US, Canada, Mexico
• Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
• Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
• South America: Brazil, Argentina, Rest of South America
• Middle East & Africa: GCC, South Africa, Rest of MEA.

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