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2021-11-26 19:50
DUBLIN--(BUSINESS WIRE)--The "Nutraceuticals Market Size, Share & Trends Analysis Report By Product (Dietary Supplements, Functional Food, Functional Beverages), By Region, and Segment Forecasts, 2020-2028" report has been added to ResearchAndMarkets.com's offering.
The global nutraceutical market is projected to reach USD 826,426.3 million by 2028, expanding at a CAGR of 8.9% over the forecast period.
Rising awareness regarding calorie reduction and weight loss in countries, including U.S., China, and India, is expected to promote the application of nutraceuticals, which, in turn, will have a substantial impact on the industry growth.
Demand for nutraceuticals is increasing at the global level as it improve the digestive and immune systems and enhances the cognitive behavior of consumers.
Growing trend among consumers to alter dietary habits is likely to boost the demand for nutraceuticals. The consumer belief that improper diet results in an increase in costs on pharmaceuticals are anticipated to boost the demand for nutraceuticals. This would also help the government as it would result in lesser expenditure on healthcare and low social security costs.
Rise in disposable income, increasing consumer awareness concerning health issues, and rapid urbanization are likely to boost the nutraceutical market growth over the forecast years. Positive outlook towards medical nutrition owing to increasing weight management programs, along with cardiovascular diseases, is anticipated to propel the demand for nutraceuticals.
The rise and evolution of wellness-focused diets, such as keto and paleo, are driving food producers to cater their products in this direction. Functional food products, such as probiotics and omega-3, are highly used in yogurt and fish oils in order to reduce the risk of cardiovascular diseases and develop the quality of intestinal microflora, which is further projected to fuel the market growth of the nutraceutical products over the coming years.
Report Highlights
Key Topics Covered
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Dietary Supplements Market Variables, Trends, & Scope
Chapter 4. Nutraceuticals Market: Product Estimates & Trend Analysis
Chapter 5. Nutraceuticals Market: Dietary Supplements Estimates & Trend Analysis
Chapter 6. Nutraceuticals Market: Functional Food Analysis, 2020 & 2028
Chapter 7. Nutraceuticals Market: Functional Beverages Analysis, 2020 & 2028
Chapter 8. Nutraceuticals Market: Regional Estimates & Trend Analysis
Chapter 9. Dietary Supplements Market: Competitive Analysis
Chapter 10 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/1ezrbq
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