Health is a point of concern for most of the people before consumption of any food or beverage. With the growing awareness regarding health, there is an increase in the number of people that prefer consuming foods that provide health benefits along with nutrients.
Nutraceuticals are food items that possess some kind of medicinal properties along with nutritional value. There is a rapid increase in popularity as well as the demand for nutraceuticals. Nutraceuticals usually consist of natural ingredients that provide health benefits to the consumers and are not synthesized chemicals for a particular purpose.
The nutraceutical may be used as food additives in order to increase the value of foods or beverages or consumed separately in order to supplement the food. With the increasing popularity and awareness about their benefits, the global nutraceutical market is expected to grow positively during the forecast period.
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Global Nutraceutical Market: Key Players
The global nutraceutical market is growing at a robust pace. Examples of some of the key players operating in the global nutraceutical market are Nestle, Cargill, PepsiCo Inc., Amway Enterprises, General Mills, Inc., Herbalife International Inc., Kellogg Co., Marlyn Nutraceuticals, Yakult Honsha Co. Ltd., and Royal DSM.
Opportunities for Market Participants
The nutraceutical market is robustly growing creating many opportunities for market participants. The players operating in the market are focusing on to introduce new and innovative nutraceutical products in order to increase their product portfolio and market presence.
There is a rising demand for natural products and thus manufacturers have opportunities for launching nutraceutical products with natural ingredients and increase their product sale. There is a rising demand for health supplements from population below age 40, the manufacturers can target a particular group of the population and meet their nutraceutical product requirements.
Global Nutraceutical Market: Segmentation
On the basis of type, the global nutraceutical market has been segmented into:
- Functional Food
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Fortified Flour
- Ionized Salts
- Functional Beverages
- Vegetable and Fruit Drinks and Juices
- Non- carbonated Drinks
- Dairy Drinks
- Dietary Supplements
- Personal Care
On the basis of form, the global nutraceutical market has been segmented into:
- Semi-Solid Pills