Market Insights
As per recent research by MarkNtel Advisors, The Global Nutraceutical Products Market is likely to grow at around 7.2% CAGR during the forecast period, i.e., 2023-28.
Key Driver: Transcending burden of lifestyle disorders
The widespread use of processed and junk food is the primary cause of the prevalence of lifestyle disorders like obesity, diabetes, etc. The use of packaged foods and beverages with high-calorie counts together with little to no physical activity has led to such kind of lifestyle crisis. However, the integration of nutraceutical goods into the general population’s everyday routine has been fueled by expanding awareness of leading a healthy lifestyle, rising use of nutritional supplements for immunity building, boosting internal organ functions, etc.
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Market Segmentation and Consumer Behavior:
By Type
- Food
- Beverages
- Dietary Supplements
By Source
- Probiotics
- Prebiotics
- Vitamins
- Minerals
By Distribution Channel
- Conventional Stores
- Specialty Stores
- Drug Stores
- Pharmacies
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Nutraceutical Products Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
Key Players and Competitive Strategies in the Nutraceutical Products Market
Several prominent players dominate the Nutraceutical Products Market, including:
- Kraft Heinz Company
- The Hain Celestial Group
- Conagra
- General Mills
- Kellogg’s
- Nestlé
- Nature’s Bounty
- Amway
- Hero Group
- Barilla Group
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Questions Addressed in this Study
1.What factors are driving the Nutraceutical Products Market growth?
2.How is the Nutraceutical Products Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Nutraceutical Products Market?
4.What is the current size of the Nutraceutical Products Market, and how is it projected to change in the future?
5.What is the future outlook for the Nutraceutical Products Market in terms of technological advancements and market expansion?
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