Nutraceutical Products Market

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Nutraceutical Products Market To Reach USD 431.1
Billion By 2026
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The major driving factors in nutraceutical
products market are growth in the demand for
fortified food owing to the increasing health
consciousness amongst consumers, increasing
incidences of chronic diseases and mandates on
food fortification by government
organizationsMarket Size USD 253.0 Billion in
2018, Market Growth - CAGR of 7.1, Market Trends
Higher costs of fortified products dissuading
large-scale usage and adoption is a key
restraintAccording to the current analysis of
Reports and Data, the global nutraceutical
products market was USD 253.0 Billion in 2018 and
is projected to grow at a CAGR of 7.1 from 2019
to 2026. A variety of terms have appeared
worldwide, such as nutraceuticals, medifoods,
vitafoods, functional foods, and the more
traditional dietary supplements and fortified
foods. However, the term functional foods have
become the predominant one even though several
organizations have attempted to differentiate
this emerging food category. Nutraceutical
products are considered as the food or a part of
food that delivers nutritional value to the diet.
It is also called as a functional food that
contains standardized nutrient and
pharmaceutical-grade. These supplements act as
source for a dietary supplement to the body
through diet works to prevent diseases. With
cumulative educational level, people are becoming
ready to accept diverse types of food beverages
that have added nutritional supplements. Hence
with this change, nutraceutical products are
gaining a traction across the world.
Market Summary
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• The Asia Pacific region is anticipated to be the
  fastest-growing market during the forecast period
  with a CAGR of 8.0. An increasingly hectic pace
  of life is now becoming commonplace in Asian
  countries. The strategies of the nutraceutical
  manufacturing companies must be to invest heavily
  in advertising to help consumers understand the
  health benefits. The region with its large
  population shows significant potential for
  manufacturers, and the focus is on weight
  management, which is driving the growth of the
  nutraceutical products market for weight-loss
  ingredients.
• Further key findings from the report suggest
• By product type, functional foods hold an
  outstanding share of 47.5 in 2018. The
  snowballing trend of on-the-go snacking and the
  increasing demand for nutritional food
  supplements are factors predictable to impel the
  demand for snacks products containing functional
  nutraceuticals.
• A complex range of regulations applies to
  nutraceuticals in the EU, depending on the
  product type. These are mainly overseen by the
  European Food Safety Authority (EFSA), which also
  evaluates claims and has a public Register of
  Nutrition and Health Claims. The EFSA also sets
  maximum and minimum levels of ingredients to be
  added to supplements. Between 2008 and 2011 the
  EFSA evaluated 2,758 food-related general health
  claims to see if they were supported by
  scientific evidence. Only around 10 percent of
  the claims could be substantiated.

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Market Summary

• Key Players
• Kraft Heinz Company (US), The Hain Celestial
  Group (US), Conagra (US), General Mills (US),
  Kelloggs (US), Nestlé (Switzerland), Natures
  Bounty (US), Amway (US), Pfizer Inc. (US), and
  Freedom Food Group Limited (Australia). are some
  of the major players in nutraceuticals market. In
  April 2019, the Nestlé Health Science entered
  into a strategic partnership with Amazentis
  (Switzerland)
• Segmentation
• Source (Revenue, USD Million 2019-2026)
• Proteins Amino Acids
• Probiotics
• Phytochemicals Plant Extracts
• Fibers Specialty Carbohydrates
• Omega-3 Fatty Acids
• Vitamins
• prebiotics
• Carotenoids
• Minerals
• Others

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Market Summary

• Products (Revenue, USD Million 2019-2026)
• Food
• Beverages
• Dietary Supplements
• Distribution Channel (Revenue, USD Million
  2019-2026)
• Conventional Stores
• Pharmacies/Drugstores
• Specialty Stores
• Regional Outlook (Volume, Kilo Tons 2019-2026
  and Revenue, USD Million 2019-2026)
• North America
• Europe
• Asia Pacific
• Middle East Africa
• Latin America

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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