Nutraceuticals Market by Product Type (Dietary Supplements, Functional Foods, Functional Beverages), by By Geography (North America), by Europe (Germany, France, Italy, Spain, The U.K., Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by The Middle East and Africa (UAE, South Africa, Rest of ME&A) Forecast 2024-2032
The Nutraceuticals Market size was valued at USD 320.00 USD Billion in 2023 and is projected to reach USD 593.67 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period. Nutraceuticals are products derived from food sources that provide both nutrition and medicinal benefits. These products include dietary supplements, diets, herbal products, genetically engineered foods, and vitamins. They contain a high concentration of bioactive compounds, derived from a natural source, and have physiological benefits and aid in the prevention and treatment of disease. The term “nutraceutical” combines the two words of “nutrient,” which is a nourishing food component, and “pharmaceutical,” which is a medical drug. Nutraceuticals may be used to improve health, prevent chronic diseases, postpone the aging process, and in turn increase life expectancy, or just support the functions and integrity of the body. These products are considered to be healthy sources for the prevention of life-threatening diseases such as diabetes, renal and gastrointestinal disorders, as well as different infections.
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The Market Research Report provides comprehensive coverage of the nutraceuticals market, including:
The report provides in-depth analysis of the nutraceuticals market in key regions, including:
The report explores consumer behavior, preferences, and trends in the nutraceuticals market.
The report identifies the key Drivers, Restraints, Opportunities, and Challenges in the nutraceuticals market.
The report provides a SWOT analysis of the nutraceuticals market, assessing the strengths, weaknesses, opportunities, and threats.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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