Cibi e Bevande
Nutraceuticals Market to Garner $650.5 Bn, Globally, by 2030 at 3.9% CAGR: Allied Market Research
Surge in consumption of sports and energy drinks, rise in demand for functional food in developing nations, and increase in demand for nutraceuticals to support regular diet have boosted the growth of the global nutraceuticals market. In addition, surge in purchasing power and changes in lifestyle and food habits supplemented the market growth. However, counterfeit and low-quality products and challenges regarding manufacturing technology and processing hinder the market growth. On the contrary, new format of intakes of nutraceuticals and high demand for herbal nutraceutical products would open new opportunities for the market players in the future.
By type, the functional beverage segment is estimated to register the highest CAGR of 4.9% during the forecast period, due to increase in number of fitness and sports enthusiasts and inclination of consumers toward healthy lifestyle. However, the functional food segment dominated the global nutraceuticals market in terms of revenue in 2020, contributing to more than two-fifths of the global nutraceuticals market, due to growing urbanized population, rise in spending on health-related products, and surge in cardiovascular, obesity, and chronic diseases.
By form, the capsule and tablets segment held the largest share in 2020, contributing to nearly two-fifths of the global nutraceuticals global nutraceuticals market, owing to their ease in availability. However, the liquid segment is estimated to register the highest CAGR of 4.6% during the forecast period.
By region, the global nutraceuticals market across Asia-Pacific , followed by North America , held the largest share in 2020, accounting for nearly two-fifths of the market. Moreover, the region is projected to portray the highest CAGR of 5.5% during the forecast period, due to rise in population and growth of healthcare facilities and dietary supplement market.
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