GITNUX MARKETDATA REPORT 2024

Diversity In The Nutraceutical Industry Statistics

Statistics show that diversity in the nutraceutical industry is lacking, particularly in terms of representation of minorities and women in leadership roles.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In the following blog post, we will explore the significant role of diversity within the nutraceutical industry through a lens of data and statistics. From product uptake to market trends, workforce demographics, and business strategies, we will uncover the impact of diversity and inclusion on the growth and success of nutraceutical companies globally.

Statistic 1

"Product lines targeting diverse health concerns (such as menopause or sickle cell anemia) see a 20% higher uptake."

Statistic 2

"20% of nutraceutical companies report having a formal diversity and inclusion strategy."

Statistic 3

"About 30% of nutraceutical companies implement supplier diversity programs."

Statistic 4

"Minority-owned businesses in the nutraceutical sector have increased by 15% over the last decade."

Statistic 5

"The United States holds 35% of the global nutraceutical market as of the latest reports."

Statistic 6

"The plant-based nutraceutical segment has grown by 12% annually over the past five years."

Statistic 7

"30% of nutraceutical companies have a female CEO or equivalent in leadership positions."

Statistic 8

"The global nutraceutical market was valued at approximately $382 billion in 2020."

Statistic 9

"The nutraceutical market in Asia-Pacific is expected to grow by 8% annually, faster than any other region."

Statistic 10

"25% of new nutraceutical products focus on ethnic or regional wellness traditions."

Statistic 11

"45% of nutraceutical firms invest in diversity training for their employees."

Statistic 12

"Europe accounts for 24% of the global nutraceutical market share."

Statistic 13

"The nutraceutical industry has grown by approximately 7.5% annually over the past decade."

Statistic 14

"Women now represent 47% of the workforce in the nutraceutical industry."

Statistic 15

"40% of new nutraceutical companies in the past five years have been founded by women."

Statistic 16

"Ethnic minorities constitute about 25% of the workforce in the nutraceutical industry."

Statistic 17

"Nutraceutical companies with diverse leadership teams are 33% more likely to see higher revenue."

Statistic 18

"55% of consumers cite product diversity as a key factor in choosing nutraceutical brands."

Statistic 19

"Approximately 70% of nutraceutical companies engage in international trade."

Statistic 20

"Functional foods represent 60% of new product launches in the nutraceutical sector."

The statistics presented highlight the increasing importance of diversity in the nutraceutical industry, with a clear link between diverse product offerings and higher uptake. The presence of formal diversity and inclusion strategies, supplier diversity programs, and diverse leadership teams not only promote inclusivity but also drive higher revenues. The industry is witnessing significant growth globally, particularly in regions like Asia-Pacific. With a growing focus on ethnic and regional wellness traditions, as well as increasing representation of women and ethnic minorities in the sector, it is evident that diversity is a key driver of innovation and success in the nutraceutical market. Companies that embrace diversity are not only meeting consumer preferences for product diversity but are also positioning themselves for long-term growth and sustainability in this dynamic industry.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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