North America Nutraceuticals Market
The North America nutraceuticals market is accounted to US$ 93,520.1 Mn in 2018 and is expected to grow at a CAGR of 7.2% during the forecast period 2019 – 2027, to account to US$ 173,709.7 Mn by 2027.
Nutraceuticals is medically or nutritionally active food. This functional food is enriched with probiotic and prebiotic ingredients and are consumed for maintaining the gut health. It helps in reducing the risk of diabetes and cardiovascular diseases. It also provides physiological benefits. They are of many types, namely, functional food, functional beverages, dietary supplements and personal care and pharmaceuticals. They also have a wide range of application in general wellness, beauty and anti-ageing, weight management, digestive health and sports and energy. The Nutraceuticals market is rapidly growing at a faster pace over the past few years. Increase in the disposable income coupled with changing lifestyle is attracting consumers to consume nutraceuticals or functional foods in the daily diet. Currently, a healthy gut system is a major concern among health-conscious consumers. Functional food enrich with probiotic and prebiotic ingredients are consumed for maintaining gut health. Additionally, functional foods help to reduce the risk of diabetes and cardiovascular diseases and also provide physiological benefits. The current trend among consumers to take preventive action to minimize the possibility of health issues further boost the demand for nutraceuticals. Consumers prefer to consume nutraceuticals rather than pharmaceutical drugs to prevent various diseases.
Strategic insights for the North America Nutraceuticals provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 93,520.1 Million |
| Market Size by 2027 | US$ 173,709.7 Million |
| Global CAGR (2019 - 2027) | 7.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Nutraceuticals refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Insights
Growth in the demand for functional food and beverages owing to increasing health consciousness amongst consumers
Nutraceutical ingredients such as vitamins and minerals are added in the functional food and beverages to enhance the nutritional value. Functional foods have a positive effect on health beyond basic nutrition and also promote optimal health. Functional food and beverages are enhanced with nutrition that are not provided naturally. For example, calcium is added to fruit juices, and milk is fortified with vitamin D. The children are particularly facing health problems due to nutrient deficiencies. Many children and teenagers don’t meet daily nutrient requirements that are necessary to maintain a healthy lifestyle. Functional foods are important sources of nutrients for kids, especially for iron, zinc, and B vitamins. Rising awareness regarding nutrient deficiencies such as iodine, vitamin A & D, and myopia is expected to lead to the growth of functional foods and beverages during the forecast period.
Type Insights
The North America nutraceuticals market is segmented on the basis of type as – functional food, functional beverages, dietary supplements, personal care and pharmaceuticals. The functional food segment in the North America nutraceuticals market is estimated to hold a leading share in the market. Nutraceuticals have helped people realize that food not only provides us with nutrition but also has medicinal importance that can help fight against chronic diseases. Functional foods are food that provides us with enhanced health and performance by the introduction of ingredients that they lack naturally or the modification of the ingredients that are present. Nutraceuticals have helped to improve and maintain functional aspects of the body such as the bone strength, dental health, the digestive system, cardiovascular system, immune system and the digestive system. The rich nutritional profile and the various benefits such as antioxidants, anti-aging, muscle growth and others attribute have favored the North America nutraceuticals market to a large extend. In addition, increasing demand for nutritional and fortified food products has driven the growth of market.
Application Insights
The North America nutraceuticals market is segmented on the basis of application as general wellness, beauty and anti-aging, weight management, digestive health, sports and energy. The general wellness segment accounts for the largest share in the North America nutraceuticals market, while the sports and energy segment also contributes a significant share in the market. There has been a favorable growth in the application of Nutraceuticals in the healthcare and general wellness sector. Nutraceuticals are used in functional foods that help one provide with the necessary vitamins, carbohydrates and minerals for a perfectly balanced diet. The common forms of functional foods that contain Nutraceuticals are cereals, fermented food and legumes. The Nutraceuticals may be present in the form of rice, corn, sorghum, buckwheat and many others that are helpful in eliminating the risk of coronary heart diseases, lowering of blood pressure and also in tumor incidence. The introduction of Nutraceuticals has proven to be of great help in disease management. Researchers have claimed that the introduction of Nutraceuticals has proven to be of significant help in the treatment of disorders like cancer, blood pressure, insomnia, coronary heart disease, depression, cough and cold and other diseases that need special care.
Strategic insights for the North America Nutraceuticals provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 93,520.1 Million |
| Market Size by 2027 | US$ 173,709.7 Million |
| Global CAGR (2019 - 2027) | 7.2% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Nutraceuticals refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
NORTH AMERICA NUTRACEUTICALS MARKET SEGMENTATION
Nutraceuticals Market, by Type
Nutraceuticals Market, by Application
Company Profiles
The List of Companies - North America Nutraceuticals Market
The North America Nutraceuticals Market is valued at US$ 93,520.1 Million in 2018, it is projected to reach US$ 173,709.7 Million by 2027.
As per our report North America Nutraceuticals Market, the market size is valued at US$ 93,520.1 Million in 2018, projecting it to reach US$ 173,709.7 Million by 2027. This translates to a CAGR of approximately 7.2% during the forecast period.
The North America Nutraceuticals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Nutraceuticals Market report:
The North America Nutraceuticals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Nutraceuticals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Nutraceuticals Market value chain can benefit from the information contained in a comprehensive market report.
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