According to Goldstein Research, global nutraceuticals market is expected to reach USD300billion by the end of 2024, growing at a CAGR of 7.5%.The rising number of chronic ailment patients such as asthma and cancer and the spurring personal disposable income of people are the factors driving the growth of global nutraceuticals market. Global nutraceuticals market segmentation has been done on the basis of product type (functional foods, functional beverages and dietary supplements), health benefits, application, end-user and geography. Functional beverages segment accounted for largest market share to supplement nutrition shortfalls, and it is followed by dietary supplements. Global nutraceuticals market is dominated by North America market share that accounted for USD 60 billion in 2016. North America is closely followed by Europe on the back of strong healthcare system developed in this region.
Market Segmentation
On the basis of our in-depth analysis, Global Nutraceuticals Market can be segmented as follows:
• On the basis of products
o Functional foods
o Prbiotics fortified food
o Omega fatty acid frtified food
o Branded inized salt
o Branded wheat flur
o Other
o Functional beverages
o Fruit & vegetable juices and drinks
o Dairy & dairy alternative drinks
o Nn carbonated drinks (bottled water, tea, and coffee)
o Other
o Dietary supplements
o proteins & peptides
o vitamins & minerals
o herbals (ayurveda extracts, plant extracts, algal extracts, and phytochemicals)
o Others (fatty acids and fiber).
• On the basis of health benefits
o Gut health
o Health benefit
o Bone health
o Immunity
o Nutrition
o Weight management
o Others (depression, asthma, and oral problems)
• On the basis of application
o animal nutrition
o functional food
o personal care
• On the basis of end user
o Sports
o Digestive health
o Clinical nutrition
o Hospitals
• On the basis of region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global NutraceuticalsMarketOutlook 2024”contains detailed overview of the globalnutraceuticals market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by products, health benefits, application and end-user.
Further, for the in-depth analysis, Global Nutraceuticals Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asE. I. du Pont de Nemours and Company, Emami Limited, Alkem Laboratories Limited, Amway, Archer Daniels Midland Company (ADM), Britannia Industries Limited, British Biologicals, Cadila Healthcare Limited, Cargill Inc, Dabur India Limited,etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global nutraceuticals market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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