Nutraceuticals Market Insights:
The market research offers historical and forecasts market data, demand, segmentation, price trends, and company shares of the leading players. The report splits the market size, by volume and value, on the basis of product and geography. First, this report covers the present status and the future prospects of the market over the forecast period. And in this report, we analyze the global market from 4 geographies: Asia-Pacific, Europe, North America, and Rest of the World. At the same time, we have classified the Nutraceuticals Market according to the product and by regions.
Competitive Landscape: The Nutraceuticals Market report also scans the competitive landscape and profiles the major players operating in the market, including Amway Corporation, Ingredion, Dean Foods, E. I. du Pont de Nemours and Company, Danone (Danone S.A), Archer Daniels Midland Company, General Mills, Inc Cargill, Incorporated, PepsiCo Inc., and BASF S.A.
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Nutraceuticals Market drivers:
The growing application of nutraceuticals for the treatment of malnutrition and cardiovascular disorders, followed by the increasing healthcare costs and the increasing geriatric population at a global level, are some factors driving the growth of the global nutraceutical market in the upcoming years. With the growing incidences of several diseases, the consumers have drastically shifted towards healthier diet patterns to improve their immune system. This significant shift in the consumer’s eating pattern is motivating them to opt for various functional food products. Furthermore, the increasing demand for functional food products due to these products' unique advantages is enhancing the demand of the market.
The fundamental shift in the lifestyle of the consumers, along with rapid innovation in the food industry, is creating various growth opportunities in the market in the upcoming years. Nutraceuticals ingredients such as natural herbs and antioxidants protect the skin from numerous diseases and infections. Hence, there has been an increase in demand for nutraceuticals ingredients in personal care products. Additionally, with the recent outbreak of the COVID-19 pandemic, the demand for nutraceuticals & functional food products is expected to have emerging demand due to consumers' growing focus towards the consumption of immunity-boosting supplements. In addition to this, a decrease in demand for poultry, meat, and seafood products globally is further propelling the growth of the market. On the other hand, the increasing cost of production of raw materials for nutraceuticals products and the limited manufacturing of quality nutraceuticals are other factors that will hinder the growth of the nutraceutical market.
The study objectives of this report are:
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Nutraceuticals Market Segmentation:
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