The Latest Nutraceuticals Industry Statistics Explained
The global nutraceuticals market size was valued at USD 382.51 billion in 2019.
The statistic “The global nutraceuticals market size was valued at USD 382.51 billion in 2019” indicates the total monetary worth of the nutraceuticals industry worldwide in that particular year. Nutraceuticals are products derived from natural sources and believed to provide health benefits beyond basic nutrition. The market size represents the combined value of all nutraceutical products, including dietary supplements, functional foods, and beverages. This figure reflects the significant growth and demand for nutraceuticals in 2019, suggesting a prevalent consumer focus on health and wellness. Additionally, the size of the market serves as a key indicator of the economic importance and potential opportunities within the nutraceuticals industry for businesses and investors.
The nutraceuticals industry is projected to reach USD 722.49 billion by 2027.
This statistic indicates that the nutraceuticals industry is predicted to experience significant growth and expansion in the forthcoming years, with an estimated market value of USD 722.49 billion by 2027. This projection suggests a growing demand for nutraceutical products, which are food or food-derived substances that provide medical or health benefits beyond basic nutrition. Factors such as increasing consumer awareness of health and wellness, a trend towards preventive healthcare, and advancements in product development and distribution channels are likely driving this upward trajectory. The substantial market potential highlighted by this statistic underscores the growing importance and relevance of the nutraceuticals industry in the global marketplace.
North America dominates the global nutraceuticals industry, accounting for 39% of the global market share.
This statistic indicates that North America holds a significant position in the global nutraceuticals industry, claiming almost two-fifths of the market share. This dominance suggests that North America is a key player in the nutraceuticals sector, with a strong presence in terms of production, consumption, and exportation of these products. The region’s robust market share could be attributed to various factors such as consumer awareness and demand for health and wellness products, technological advancements in nutraceutical research and development, as well as regulatory frameworks that support the industry’s growth. As a result, North America’s prominent position in the global nutraceuticals market underscores its importance and influence in shaping the trajectory of the industry on a global scale.
The Asia Pacific region is expected to be the fastest-growing region in the nutraceuticals industry with a CAGR of 8.3% from 2020 to 2027.
The statistic indicates that the Asia Pacific region is projected to experience the highest growth rate among all regions in the nutraceuticals industry over the period from 2020 to 2027, with a compound annual growth rate (CAGR) of 8.3%. This suggests a strong and sustained expansion of the nutraceuticals market in the Asia Pacific region, driven by factors such as increasing consumer awareness of health and wellness, rising disposable incomes, and a growing trend towards preventive healthcare. The significant CAGR implies a favorable environment for market growth, presenting opportunities for industry players to capitalize on the region’s potential for higher demand and consumption of nutraceutical products in the coming years.
The global nutraceuticals industry is expected to grow at a compound annual growth rate (CAGR) of 8.3% from 2020 to 2027.
This statistic indicates that the global nutraceuticals industry, which includes products like dietary supplements and functional foods that have health benefits beyond basic nutrition, is projected to experience significant growth over the period from 2020 to 2027. The compound annual growth rate (CAGR) of 8.3% implies that the industry’s revenue is expected to increase by an average of 8.3% each year during this timeframe. This growth rate suggests a positive trend in consumer demand for nutraceutical products, driven by factors such as an increasing focus on wellness and preventive healthcare, growing awareness about the importance of nutrition, and expanding aging populations in many regions. Overall, this statistic reflects a promising outlook for the nutraceuticals industry and indicates potential opportunities for businesses operating in this sector.
Dietary Supplements is the leading segment in the nutraceuticals industry, accounting for a major share of the market.
The statistic highlights that within the nutraceuticals industry, dietary supplements hold a prominent position as the leading segment, contributing significantly to the overall market. This indicates that consumer demand for dietary supplements is robust, likely driven by factors such as growing awareness about health and wellness, increasing disposable income, and a shift towards preventive healthcare approaches. The substantial market share attributed to dietary supplements underscores their popularity and importance within the broader nutraceuticals sector, emphasizing their role in meeting consumers’ nutritional needs and supporting their well-being. As a result, companies operating in the nutraceuticals industry may continue to focus on innovation and marketing strategies within the dietary supplements segment to capitalize on this market dominance and further drive growth and profitability.
In the United States, 68% of adults use dietary supplements, contributing to the nutraceuticals market.
The statistic that 68% of adults in the United States use dietary supplements highlights a widespread trend towards incorporating nutraceuticals into everyday routines. This high prevalence of usage indicates a significant consumer interest in seeking additional health benefits through supplementation. As a result, the nutraceuticals market in the U.S. is greatly supported by this consumer behavior, leading to notable growth and opportunities for various companies within the industry. The popularity of dietary supplements among American adults underscores a shift towards proactive health and wellness practices, driving the demand for innovative and quality nutraceutical products in the market.
By 2025, the nutraceutical ingredients market is estimated to be worth 63.5 billion dollars.
The statistic states that by the year 2025, the nutraceutical ingredients market is projected to have a total value of $63.5 billion. This forecast indicates significant growth and market potential for nutraceutical ingredients, which are bioactive compounds known for their health benefits and use in functional foods, dietary supplements, and pharmaceuticals. The estimated value of $63.5 billion reflects the increasing consumer demand for products promoting health and wellness, as well as advancements in research and development within the nutraceutical industry. Overall, this statistic underlines the expanding market opportunity and economic impact of nutraceutical ingredients in the coming years.
Herbal nutraceuticals are expected to grow at a CAGR of 7.2% during the forecasted period (2021-2026).
The statistic indicates that the market for herbal nutraceuticals is projected to experience a Compound Annual Growth Rate (CAGR) of 7.2% over the forecasted period from 2021 to 2026. This growth rate suggests that there is anticipated steady and significant expansion in the demand for herbal nutraceutical products over the specified timeframe. A CAGR of 7.2% means that the market size for herbal nutraceuticals is expected to increase by an average of 7.2% each year during the specified period. This growth trend reflects a rising consumer interest in natural and plant-based health supplements, potentially driven by increasing awareness of the health benefits associated with herbal products and a growing preference for natural healthcare alternatives.
The trend of personalization in the nutraceutical industry is expected to increase the market growth by 17% between 2020 and 2025.
The statistic indicates that the trend of personalization, which involves customizing products to meet individual needs or preferences, is projected to have a significant impact on the nutraceutical industry. Specifically, between the years 2020 and 2025, this trend is estimated to contribute to a 17% increase in market growth within the industry. This suggests that consumers are increasingly seeking personalized solutions for their nutritional needs, leading to a surge in demand for tailored products and services. Companies in the nutraceutical sector are likely to capitalize on this growing trend by offering more personalized products, which is expected to drive overall market expansion over the specified period.
The vitamins segment is predicted to occupy around 34% of the global nutraceuticals market revenue by 2026.
The statistic indicates that the vitamins segment is expected to account for approximately 34% of the total revenue generated in the global nutraceuticals market by the year 2026. This projection suggests a significant market share for vitamins within the nutraceuticals industry, highlighting the importance and popularity of vitamin supplements among consumers worldwide. The forecasted dominance of the vitamins segment also signifies the perceived health benefits and consumer demand for products containing essential vitamins, reflecting a continued trend towards health and wellness in the global marketplace.
The probiotic and prebiotic segment of nutraceuticals was worth 38.77 billion dollars in 2020.
This statistic indicates that the market value of the probiotic and prebiotic segment within the nutraceutical industry was estimated to be 38.77 billion dollars in the year 2020. This suggests that there is a significant demand for products containing probiotics and prebiotics, which are known for their potential health benefits in supporting gut health and overall well-being. The substantial market worth also reflects the growing consumer interest in functional foods and supplements that promote digestive health and microbial balance in the body. This statistic underscores the lucrative nature of the probiotic and prebiotic nutraceutical market and hints at its continued expansion and relevance in the health and wellness industry.
The United States is the biggest consumer of nutraceuticals worldwide.
The statistic that the United States is the biggest consumer of nutraceuticals worldwide indicates that Americans have a high level of interest and spending on products that combine the benefits of nutrition and pharmaceuticals. Nutraceuticals are supplements or functional foods that are believed to provide health benefits beyond basic nutrition. This statistic suggests that Americans are attentive to their health and well-being, seeking out these products to potentially improve their overall health and address specific health concerns. The popularity of nutraceuticals in the United States may be driven by a variety of factors including an increased focus on preventive healthcare, growing consumer awareness of wellness trends, and the availability of a wide range of products in the market.
Latin America and Middle East & Africa nutraceuticals market is expected to grow at a significant CAGR of 7.4% by 2025.
The statistic denotes the projected growth rate of the nutraceuticals market in Latin America and the Middle East & Africa regions up to the year 2025. The Compound Annual Growth Rate (CAGR) of 7.4% indicates the estimated average annual growth rate of the market during this period. A CAGR of 7.4% suggests a substantial growth trend, implying that the market for nutraceutical products such as functional foods, dietary supplements, and herbal products is expected to expand significantly over the coming years in these regions. Factors such as increasing consumer awareness of health and wellness, rising disposable incomes, and a growing preference for natural and organic products are likely to be driving forces behind this projected growth.
More than 50% of Italians have switched to nutraceuticals, which resulted in market growth.
The statistic indicates that a majority of the Italian population, specifically more than 50%, has transitioned to using nutraceuticals. This shift in consumer behavior has led to significant growth in the market for nutraceutical products in Italy. Nutraceuticals are often perceived as a more personalized and natural approach to health and wellness, hence the increasing popularity among the Italian consumers. The statistic suggests a notable trend towards a preference for nutraceuticals over traditional healthcare products in Italy, leading to market expansion and potentially impacting the pharmaceutical industry in the country.
The liquid form market segment is projected to witness the highest growth of 8.7% during 2020-2025.
The statement indicates that the liquid form market segment is expected to experience substantial growth rate of 8.7% during the period of 2020-2025. This statistic suggests that there is a strong market demand and opportunity for products in liquid form within the specified time frame. Factors driving this projected growth could include changing consumer preferences, technological advancements, or marketing strategies that favor liquid products. As such, businesses operating within this market segment may consider investing resources to capitalize on this projected growth trend and potentially maximize their market share and profitability.
Protein and peptides segment dominated the global nutraceutical ingredients market and held for more than 30% of the market share in 2019.
The statistic indicates that in 2019, the protein and peptides segment was the leading category within the global nutraceutical ingredients market, accounting for over 30% of the total market share. This suggests that products containing proteins and peptides, such as protein powders, bars, and supplements, were highly popular and in-demand among consumers seeking health and wellness benefits. The dominance of this segment highlights the strong market presence and significance of protein and peptides in the nutraceutical industry, likely driven by increasing interest in fitness, muscle recovery, weight management, and overall health promotion through dietary supplements.
The fortified/functional food and beverages segment accounted for 36.6% market share in nutraceuticals industry in 2019.
This statistic means that in the nutraceuticals industry in 2019, the fortified/functional food and beverages segment held a significant portion of the market, specifically 36.6%. This indicates that a considerable proportion of the industry’s products were focused on providing health benefits beyond basic nutrition, such as offering added vitamins, minerals, or other bioactive compounds. The popularity and growth of this segment suggest a strong consumer interest in products that promote health and wellness, leading to a competitive market landscape where companies are vying to meet consumers’ demand for functional and fortified food and beverage options.
The global nutraceuticals market is dominated by more than 60% small scale players.
The statistic that the global nutraceuticals market is dominated by more than 60% small scale players indicates that a majority of companies operating within the industry are smaller in size compared to larger, more established corporations. This suggests that there is a significant level of fragmentation in the market, with numerous smaller businesses contributing to a sizeable portion of the overall market share. These small scale players may include startups, independent brands, and niche businesses specializing in specific segments of the nutraceuticals market. Their presence and influence highlight the diversity and competition within the industry, providing consumers with a wide range of products and choices in the nutraceuticals sector.
References
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