Common questions How big is the nutraceutical market?

How big is the nutraceutical market?

How big is the nutraceutical market?

The global nutraceuticals market size was estimated at USD 417.66 billion in 2020 and is expected to reach USD 454,548.4 million in 2021.

What are the marketed products of nutraceuticals?

On the basis of type, the nutraceutical products market has been segmented as follows:

  • Food. Snacks. Confectionery products. Bakery products. Dairy products. Infant products.
  • Beverages. Health drinks. Energy drinks. Juices.
  • Dietary Supplements. Tablets. Liquid. Powder. Others (Softgels, gummies, and chewable products)

How much is the nutraceutical industry worth?

Amid the COVID-19 crisis, the global market for Nutraceuticals estimated at US$278.8 Billion in the year 2020, is projected to reach a revised size of US$441.7 Billion by 2026, growing at a CAGR of 7.8% over the analysis period.

What is nutraceutical value?

D. Reviewed by Benedette Cuffari, M.Sc. Nutraceuticals is a broad umbrella term that is used to describe any product derived from food sources with extra health benefits in addition to the basic nutritional value found in foods.

What are the best nutraceuticals?

Top 10 Nutraceutical Products

  • Garcinia Cambogia.
  • Raspberry Ketones.
  • Green Tea Supplements.
  • Echinacea.
  • Probiotics.
  • Omega 3 Fatty Acids.
  • Alpha-lipoic Acid.
  • Vitamin B12.

What is the difference between pharmaceutical and nutraceutical?

In short, pharmaceuticals are the result of clinical trials aimed at treating specific diseases. Nutraceuticals are food-based substances, often originating from Eastern herb and medicine formulations, used for the prevention and treatment of diseases.

Are vitamins nutraceuticals?

Within the heterogeneous group of nutraceuticals, vitamins are mostly considered dietary supplements and only a few may actually play a role in the prevention and therapy of cardiovascular disease.

Are nutraceuticals?

Nutraceuticals are products, which other than nutrition are also used as medicine. A nutraceutical product may be defined as a substance, which has physiological benefit or provides protection against chronic disease.

What is an example of a nutraceutical?

Examples of nutraceuticals include fortified dairy products (e.g., milk) and citrus fruits (e.g., orange juice) [56]. Several naturally derived food substances have been studied in cancer therapies. A balanced PUFA composition of food influences diverse aspects of immunity and metabolism [35].

Why nutraceuticals are attractive?

The safety (less adverse effects), cost-effectiveness, and nutritional values with the use of nutraceuticals make them as an attractive, reliable, and suitable option for prevention or treatment of diseases.

Are nutraceuticals illegal?

The Food Safety and Standards Authority of India (FSSAI) has banned the sale of nutraceuticals containing Para Amino Benzoic Acid (PABA). Food safety departments across Indian states were told to enhance surveillance and enforcement to stop the sales of PABA-containing supplements.

Are nutraceuticals safe?

Nutraceuticals are generally safe and helps to maintain good health conditions. Their key positive aspect is that they can be consumed by anyone, without worrying about their side effects and without consulting a doctor.

How big is the nutraceutical market in the world?

The global nutraceuticals market size was valued at USD 272.35 billion in 2016. Increasing risk of diseases such as high blood pressure, obesity, diabetes, and cholesterol is expected to boost product demand over the forecast period.

How is the nutraceutical ingredients market segmented?

Owing to which there is a wide range of probiotic-based applications in the functional food, functional beverage, dietary supplement, and animal nutritional industries. The nutraceutical ingredients market, by application, has been segmented into food, beverages, personal care, animal nutrition and dietary supplement.

Who are the key vendors in the nutraceutical market?

Key vendors in the global nutraceutical ingredients market include Cargill (US), BASF (Germany), ADM (US), Omega Protein Corporation (US), DSM (Netherlands), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Ajinomoto (Japan), DowDuPont (US), Chr.

Which is the fastest growing region for nutraceutical ingredients?

The Asia Pacific nutraceutical ingredients market is completely driven by India, which accounted for nearly 31.5% of the market share in 2019. The country is also projected to be the fastest-growing country in the region for nutraceutical ingredients due to changing lifestyles and dietary patterns and growing awareness about nutrition.