Global Nutraceuticals Industry Report | Size & Trends 2024-2029

Global Nutraceuticals Market Size (2024 to 2029)
As per our analysis report, the global Nutraceuticals Market is expected to reach USD 668.41 billion by 2029 from USD 448.64 billion in 2024, growing at a compound annual growth rate (CAGR) of 8.30% during the forecast timeline.

Market Drivers
The nutraceuticals market is driven by the growing need to address the complex needs of elderly people.

Market Restraints
However, the easy availability of local brand nutraceuticals does not meet the high standards of quality checks, which is hindering the growth rate of the market.

MARKET SEGMENTATION
Global Nutraceuticals Market By Form
• Dry
• Liquid
The dry segment is attributed to holding the prominent share, whereas the liquid segment is esteemed to have the highest growth rate in the market.

REGIONAL ANALYSIS
North America is leading with the largest share of the nutraceuticals market. The presence of the top companies is attributed to leveraging the growth rate of the market in North America.

Recent Market Developments
In 2024, Cargill and Brenntag, a nutraceutical ingredients distributor, made an agreement to launch Cargill's EpiCor postbiotic. The final product is a functional food that consists of proteins, vitamins, minerals, polyphenols, and antioxidants. Brenntag is capable of creating innovative nutraceutical ingredients and has now partnered with Cargill to deliver the best functional foods.

KEY MARKET PLAYERS
Companies playing a significant role in the global Nutraceuticals Market include Archer Daniels Midland Company, Cargill, Incorporated

CONTACT US
Market Data Forecast
Phone: +1-888-702-9626
Email: sales@marketdataforecast.com
3rd Floor, Trendz Park Building, Jain Rock Garden Rd, Vittal Rao Nagar, Madhapur, Hyderabad, Telangana, India.