PUBLISHER: BCC Research | PRODUCT CODE: 1601587
PUBLISHER: BCC Research | PRODUCT CODE: 1601587
The global market for nutraceuticals is expected to grow from $418.2 billion in 2024 and is projected to reach $571.3 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2024 to 2029.
The North American nutraceuticals market is expected to grow from $150.0 billion in 2024 and is projected to reach $201.7 billion by the end of 2029, at a CAGR of 6.1% during the forecast period of 2024 to 2029.
The Asia-Pacific nutraceuticals market is expected to grow from $123.4 billion in 2024 and is projected to reach $174.2 billion by the end of 2029, at a CAGR of 7.1% during the forecast period of 2024 to 2029.
The report provides market projections for the nutraceuticals market from 2024 through 2029 and analyzes the market shares of leading companies. Based on product type, the market is segmented into functional beverages, functional food and dietary supplements. It is further segmented by application into sports and energy, weight management, general wellness, heart health, gastrointestinal (GI) and digestive health, and other applications. The market is segmented by distribution channels in the following categories: e-commerce, supermarkets, pharmacies, retail stores and other distribution channels. Regional estimates and forecasts include North America, Europe, Asia-Pacific and the Rest of the World.