Market Research Reports

Nutraceuticals Market (Functional Food, Dietary Supplements, Personal Care And Pharmaceuticals) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

87pages
Published Date: 2015-09-23

Description


 

The global nutraceuticals product market has shown steady growth during the past few years. This trend is anticipated to continue during the forecast period due to increasing consumer spending on nutritious and healthy functional food, beverages, and dietary supplements worldwide. Nutraceuticals provide health benefits and help in the prevention and healing of diseases. The global nutraceuticals market is primarily growing due to rise in demand for dietary supplements; however, functional foods and beverages comprise a significant market share . Nutraceuticals are nutritional or functional foods that are slated to have physiological benefits, or provide relief from numerous chronic diseases and ailments to the consumers.

Nutraceuticals range from dietary supplements, isolated nutrients, and herbal products to specific diets and processed foods and beverages. These are extremely attractive to food and beverages companies due to the relatively high margins and minimal regulatory requirements involved. Factors such as rising health concerns, growth of key demographics, and increasing consumer desire to lead a healthy life and avoid dependence on synthetic drugs are the major drivers contributing to the growth of this market. In addition, factors such as new product launches, mergers and acquisitions, and nutraceuticals aimed at improving cardiac health are expected to enhance the growth of this market. All these properties mentioned above have led to the growing demand for nutraceuticals in recent years.

Nutraceuticals are the products that provide health and nutrition benefits in addition to the basic nutrition value present in food items. Nowadays, consumers are more health conscious, more aware, and better informed on nutrition-enabled products. Furthermore, dietary supplements are not only consumed in order to meet the recommended daily intake of nutrients, but also as a physical performance booster and disease prevention option. In addition, there is a shift in the preference of consumers from synthetic ingredients to organic foods and ingredients, which are obtained from non-genetically modified organism (non-GMO) extracts.

The nutraceuticals market mainly constitutes food; beverages; dietary supplements; personal care and pharmaceutical products. The growing market of vitamins and minerals-enriched herbal shampoos and creams is also one of the major drivers behind the rising demand for nutraceutical ingredients. The dietary supplements are available in the form of capsules, tablets, and liquids. Nutraceutical ingredients include probiotics and prebiotics, vitamins, proteins, minerals, Omega 3, fibers, amino acids, structured lipids, and various other ingredients. Nutraceutical ingredients find application in grains, cereals, nuts, fruits, vegetables, dairy products, poultry products, seafood, and confectionery items apart from non-alcoholic beverages such as energy drinks, juices, and sports drinks. Few examples of functional foods and drinks enriched with proteins include herb blends, yogurts with probiotics, and soy beverages.

In this report, the global nutraceuticals product market is categorized into two segments: (i) by product type; (ii) by geography. Based on product type, the market has been categorized into functional food, functional beverages, dietary supplements, personal care, and pharmaceutical segments. Functional food is further segmented into probiotic fortified food, branded wheat flour, branded ionized salt, and omega fatty acid fortified food among other functional food. In addition, functional beverages segment has been sub-segmented into fruit & vegetable juices and drinks, non-carbonated drinks, and dairy and dairy alternative drinks among others. Dietary supplements are divided into vitamins and minerals, proteins and peptides, and herbals and non-herbals among others. The report also covers the drivers, restraints, and opportunities (DROs) of the nutraceuticals product market. The study highlights the current market trends and provides forecast for the period from 2015 to 2021. We have also covered the current market scenario for global nutraceuticals, and highlighted future trends that are likely to affect its demand.

By geography, the market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Each region has been further bifurcated country-wise to highlight the respective market share of nutraceuticals in each country. The study covers major countries such as the U.S., Canada, and Mexico in North America; Japan, China, and India in Asia Pacific; the U.K., Italy, and France in Europe; and Latin America, Africa, and the Middle East in RoW. The size and forecast for these markets for the period from 2015 to 2021 has been provided in the report.

Under the scope of this report, different influencing and inhibiting growth factors of the nutraceuticals product market have been analyzed. The market attractiveness analysis provided in the report highlights the key investing areas in this industry. The report will help nutraceuticals manufacturers, suppliers, and distributors to understand the current and future trends in this market and formulate their business strategies accordingly.

Some of the key players in this market include BASF SE, Cargill Incorporated, Royal DSM N.V., Nestle S.A., Archer Daniels Midland Company (ADM), Groupe Danone, Pepsico Inc., and DuPont.

The scope of the study presents a comprehensive evaluation of the stakeholder strategies and winning imperatives for them by segmenting the global nutraceuticals market as below:

Global nutraceuticals market, by product type

  • Functional Food
    • Probiotics Fortified Food
    • Omega Fatty Acid Fortified Food
    • Branded Ionized Salt
    • Branded Wheat Flour Market
    • Others (nuts, grains, garlic)
  • Functional Beverages
    • Fruit & Vegetable Juices and Drinks
    • Dairy & Dairy Alternative Drinks
    • Noncarbonated Drinks (bottled water, tea and coffee)
    • Other (herbal tea, sports drinks, energy drinks)
  • Dietary Supplements Segment
    • Proteins & Peptides
    • Vitamins & Minerals
    • Herbals ( Ayurvedic extracts, plant extracts, algal extracts, phytochemicals)
    • Other (fatty acids, fiber)
  • Personal Care and Pharmaceutical

In addition the report provides cross-sectional analysis of all the above segments with respect to the following geographical markets:

Global nutraceuticals market, by geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • France
    • Germany
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Europe
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

Table of Contents


 

Chapter 1 Preface
1.1 Report description
1.2 Market Segmentation
1.3 Research Scope
      1.3.1 Assumptions
1.4 Research methodology

Chapter 2 Executive Summary

Chapter 3 Global Nutraceuticals Market – Industry Analysis
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Drivers
              3.2.1.1 Rising non-communicable chronic diseases and healthcare expenditure drives the usage of nutraceuticals
              3.2.1.2 Increasing demand for nutritional diet in developed countries
              3.2.1.3 Nutraceuticals acts as an alternative to prescription and OTC drugs
      3.2.2 Restraints
              3.2.2.1 Increasing nutraceutical product prices hindering the market growth
              3.2.2.2 Lack of awareness about nutraceuticals
      3.2.3 Opportunities
              3.2.3.1 Growing potential in the Asia Pacific market due to highest growth
              3.2.3.2 Technological advancement in Nutraceuticals
              3.2.3.3 Usage of nutraceuticals across new application areas
3.3 Global Market Attractiveness by Product Type
3.4 Market Positioning of Major Players (%), 2014

Chapter 4 Global Nutraceuticals Market Analysis, by Product Type
4.1 Overview
4.2 Functional Food
      4.2.1 Market size and forecast, 2014–2021
4.3 Functional Beverages
      4.3.1 Market size and forecast, 2014–2021
4.4 Dietary Supplements
      4.4.1 Market size and forecast, 2014–2021
4.5 Personal Care and Pharmaceutical
      4.5.1 Market size and forecast, 2014–2021

Chapter 5 Global Nutraceuticals Market Analysis and Forecast, by Geography
5.1 Introduction
5.2 North America
      5.2.1 North America nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.2.1.1 U.S.
                        5.2.1.1.1 U.S. nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.2.1.2 Canada
                        5.2.1.2.1 Canada nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.2.1.3 Mexico
                        5.2.1.3.1 Mexico nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
5.3 Europe
      5.3.1 Europe nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.3.1.1 U.K.
                        5.3.1.1.1 U.K. nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.3.1.2 Germany
                        5.3.1.2.1 Germany nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.3.1.3 France
                        5.3.1.3.1 France nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.3.1.4 Rest of Europe
                        5.3.1.4.1 Rest of Europe nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
5.4 Asia Pacific
      5.4.1 Asia Pacific nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.4.1.1 India
                        5.4.1.1.1 India nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.4.1.2 China
                        5.4.1.2.1 China nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.4.1.3 Japan
                        5.4.1.3.1 Japan nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.4.1.4 Rest of Asia Pacific
                        5.4.1.4.1 Rest of Asia Pacific nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
5.5 Rest of the World (RoW)
      5.5.1 RoW nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.5.1.1 Latin America
                        5.5.1.1.1 Latin America nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.5.1.2 Middle East
                        5.5.1.2.1 Middle East nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
              5.5.1.3 Africa
                        5.5.1.3.1 Africa nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)

Chapter 6 Company Profiles
6.1 Cargill, Incorporated
6.2 Archer Daniels Midland Company
6.3 Royal DSM N.V.
6.4 BASF SE
6.5 Nestle S.A.
6.6 Groupe Danone S.A.
6.7 E. I. du Pont de Nemours and Company
6.8 PepsiCo Inc.
6.9 Aland (Jiangsu) Nutraceutical Co., Ltd.
6.10 General Mills, Inc.

List of Figures 

FIG. 1 Market Segmentation: Global Nutraceuticals Market
FIG. 2 Death Caused by NCDs Worldwide(%),2005
FIG. 3 Global Nutraceuticals Market Attractiveness, By Product Type(2014)
FIG. 4 Global Nutraceuticals Market: Company Market Share(%), 2014
FIG. 5 Global nutraceuticals market share and forecast, by product type, 2014 vs. 2021 (Value %)
FIG. 6 Global functional food segment market size and forecast, 2014–2021 (USD Billion)
FIG. 7 Global functional beverages segment market size and forecast, 2014–2021 (USD Billion)
FIG. 8 Global dietary supplements segment market size and forecast, 2014–2021 (USD Billion)
FIG. 9 Global personal care and pharmaceutical segment market size and forecast, 2014–2021 (USD Billion)
FIG. 10 Global nutraceuticals market share and forecast, by geography, 2014 Vs 2021 (Value %)
FIG. 11 North America nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 12 U.S. nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 13 Canada nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 14 Mexico nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 15 Europe nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 16 U.K. nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 17 Germany nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 18 France nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 19 Rest of Europe nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 20 Asia Pacific nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 21 India nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 22 China nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 23 Japan nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 24 Rest of Asia Pacific nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 25 RoW nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 26 Latin America nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 27 Middle East nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)
FIG. 28 Africa nutraceuticals market size and forecast, 2014 – 2021 (USD Billion)

List of Tables

TABLE 1 Global nutraceuticals market snapshot
TABLE 2 Nutraceuticals market size and forecast, by product type, 2014 – 2021 (USD Billion)
TABLE 3 Nutraceuticals market size and forecast, by functional food type, 2014 – 2021 (USD Billion)
TABLE 4 Nutraceuticals market size and forecast, by functional beverage type, 2014 – 2021 (USD Billion)
TABLE 5 Nutraceuticals market size and forecast, by dietary supplements type, 2014 – 2021 (USD Billion)
TABLE 6 Drivers for the Global Nutraceuticals Market: Impact Analysis
TABLE 7 Restraints for Nutraceuticals Market: Impact Analysis
TABLE 8 Key players in the nutraceuticals market
TABLE 9 Global functional food market size and forecast, by sub product type, 2014–2021 (USD Billion)
TABLE 10 Global functional beverages market size and forecast, by sub product type, 2014–2021 (USD Billion)
TABLE 11 Global dietary supplements market size and forecast, by sub product type, 2014–2021 (USD Billion)
TABLE 12 North America nutraceuticals market size and forecast, by product type, 2014 – 2021 (USD Billion)
TABLE 13 North America nutraceuticals market size and forecast, by functional food type, 2014 – 2021 (USD Billion)
TABLE 14 North America nutraceuticals market size and forecast, by functional beverages type, 2014 – 2021 (USD Billion)
TABLE 15 North America nutraceuticals market size and forecast, by dietary supplements type, 2014 – 2021 (USD Billion)
TABLE 16 Europe nutraceuticals market size and forecast, by product type, 2014 – 2021 (USD Billion)
TABLE 17 Europe nutraceuticals market size and forecast, by functional food type, 2014 – 2021 (USD Billion)
TABLE 18 Europe nutraceuticals market size and forecast, by functional beverages type, 2014 – 2021 (USD Billion)
TABLE 19 Europe nutraceuticals market size and forecast, by dietary supplements type, 2014 – 2021 (USD Billion)
TABLE 20 Asia Pacific nutraceuticals market size and forecast, by product type, 2014 – 2021 (USD Billion)
TABLE 21 Asia Pacific nutraceuticals market size and forecast, by functional food type, 2014 – 2021 (USD Billion)
TABLE 22 Asia Pacific nutraceuticals market size and forecast, by functional beverages type, 2014 – 2021 (USD Billion)
TABLE 23 Asia Pacific nutraceuticals market size and forecast, by dietary supplement type, 2014 – 2021 (USD Billion)
TABLE 24 RoW nutraceuticals market size and forecast, by product type, 2014 – 2021 (USD Billion)
TABLE 25 RoW nutraceuticals market size and forecast, by functional food type, 2014 – 2021 (USD Billion)
TABLE 26 RoW nutraceuticals market size and forecast, by functional beverages type, 2014 – 2021 (USD Billion)
TABLE 27 RoW nutraceuticals market size and forecast, by dietary supplements type, 2014 – 2021 (USD Billion)

Free Market Analysis


 

Global nutraceuticals market is valued at USD 182.60 billion in 2015 and is expected to reach USD 278.96 billion by 2021, growing at a CAGR of 7.3% from 2015 to 2021. The major reasons for the success of the nutraceuticals market is the increasing consumer spending on nutritious and healthy functional food; beverages; dietary supplements; and personal care and pharmaceutical products worldwide. Furthermore, consumers’ perception of nutritional products being the key to maintain health is driving the global nutraceuticals market. Rising demand for nutraceuticals is due to growth in the dietary supplement segment. However, functional food, beverages and personal care products are also significant segments of the nutraceuticals market. Furthermore, consumers are health-conscious and better informed on nutrition-enabled products. Dietary supplements are not only consumed to meet suggested daily intake of nutrients, but also as a disease preventive option and physical performance booster. All the above mentioned factors are expected to fuel the growth of this market globally.

Nutraceuticals market is expected to experience steady growth over the forecast period. Growing demand for dietary supplements in order to improve and maintain the body’s ability and immunity is fueling the growth of this market worldwide. In developing countries such as India and China, the growing affluent middle class population is shifting towards certain lifestyle changes, which enable them to buy functional foods, beverages, and dietary supplements. Furthermore, factors such as high income levels of consumers, greater awareness and widespread preference for specialty nutritional and herbal products are fueling the growth of the nutraceuticals market. In addition, current trends of promoting preventive medicine and self-treatment are primarily contributing to the growth of this market globally. 

In the report, the nutraceuticals market is segmented into by product types and by geography. Based on product type, the market is segmented into functional food; functional beverages; dietary supplements; and personal care and pharmaceutical products. Functional food is further sub-segmented into probiotics fortified food; branded ionized salt; omega fatty acid fortified food; and branded wheat flour among others. In addition to this, functional beverages are sub segmented into fruit and vegetable juices and drinks; dairy and dairy alternative drinks; noncarbonated drinks such as bottled water, tea and coffee among others including herbal tea, sports drinks and energy drinks. Furthermore, dietary supplements segment is bifurcated into proteins and peptides; vitamins and minerals; herbals such as ayurvedic extracts, plant extracts, algal extracts and phytochemicals among others. 

The nutraceuticals market has seen diversified trends across different regions including North America, Europe, Asia Pacific and Rest of the World (RoW). Geographically, North America held the largest market share in 2014 and is expected to grow steadily due to growing demand from leading markets such as the U.S. and Canada. Asia Pacific held the second largest market share in 2014. Germany and France have emerged as the key nutraceuticals market in Europe, while the U.K. and Spain have emerged as the key test markets for new products. In the European market, health conscious consumers prefer to consume healthy functional food, beverages and dietary supplements. These nutraceutical products are gaining popularity among the consumers as it provides energy, promote healthy teeth and strong bones, boost the immune system, prevent digestive health issues, and lower cholesterol. However, in spite of all these driving factors behind the growth of the nutraceuticals market, lack of awareness about the benefits of nutraceuticals and increasing nutraceutical product prices are hindering the growth of this market.

Nutraceuticals market is dominated by key players such as Cargill, Incorporated, Archer Daniels Midland Company, Royal DSM N.V., BASF SE, Nestle S.A., Groupe Danone S.A., E. I. du Pont de Nemours and Company, and General Mills, Inc. among others

 

global-nutraceuticals-product-market

 


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