Top Companies in Nutraceuticals Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Nutraceuticals Market is projected to reach a value of USD 753.2 Billion by 2028 at a CAGR of 8.9% over the forecast period.
Global Nutraceuticals Market is valued at USD 451.6 Billion in 2021 and is projected to reach a value of USD 753.2 Billion by 2028 at a CAGR of 8.9% over the forecast period. Rising healthcare costs and a growing senior population are anticipated to support the growth of the global functional food business over the forecast period.
Throughout the projection period, the rising demand for functional foods and dietary supplements is anticipated to be a major market driver. In addition, an optimistic view toward medical nutrition, given its growing use in treating cardiovascular disease and malnutrition, will likely spur the industry's expansion.
The other health and wellness benefits these products provide are the main reasons consumers have a very positive attitude toward functional foods. In addition, the aging population, rising healthcare expenses, shifting lifestyles, food innovation, and consumer expectations about higher prices have contributed to the overall growth.
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Due to the widespread knowledge of the advantages of dietary carbohydrates and minerals for maintaining physical health, these nutrients are expected to increase in popularity. While minerals help to increase the retention and passage of nutrients into cells and support blood clotting, among other functions, fibers tend to facilitate more effortless bowel motions while providing essential cleansing of interior organs. Furthermore, the market size is anticipated to increase over the projection period due to high adoption rates of herbal medicines among people worldwide due to growing concerns over the potentially dangerous side effects of conventional pharmaceutical drugs.
The Nutraceuticals market is dominated by globally established players such as Cargill Incorporated (U.S.), Archer Daniels Midland Company (U.S.), DuPont (U.S.), Nestle S.A. (Switzerland), Danone (France), Royal DSM N.V (Netherlands), General Mills (U.S.), Innophos (U.S.), WR Grace (U.S.), Amway Corporation (U.S.), AOR Canada (Canada), Arkopharma Laboratories S.A (France), Bactolac Pharmaceuticals Inc (New York), E.I.D Parry Ltd (India), Valensa International (U.S.), Matsun Nutrition (U.S.), Mead Johnson Nutrition Company (U.S.), Natrol Inc (U.S.), The Hain Celestial Group Inc (U.S.), and Herbalife Ltd (U.S.) among others. Additionally, bringing new products to market has helped businesses provide better-quality goods, adapting to shifting customer trends.
Let’s Look at the Top Companies That are Taking the Nutraceuticals Market by Storm
- Cargill Incorporated (U.S.)
Cargill Incorporated offers agriculture-related goods. In addition to producing grains and oilseeds, the company also gives risk management strategies, farmer services, animal nutrition, biofuels, meat and poultry, food, and industrial goods. Cargill serves worldwide clients.
- Archer Daniels Midland Company (U.S.)
Archer Daniels Midland purchases, transports, stores, and merchandises farm goods. The business refines oilseeds, maize, milo, oats, wheat, oat bran, and peanuts. In addition, Archer-Daniels-Midland processes and produces goods mainly used as food or animal feed ingredients.
- Nestle S.A. (Switzerland)
A global corporation that produces and sells a variety of packaged foods is Nestle S.A. Milk, chocolate, candies, bottled water, coffee, creamer, meal seasoning, and pet foods are among the company's offerings.
- Danone (France)
Danone is a business that processes food. The company manufactures and sells beverages, infant food, medical nutrition products, and dairy goods. Danone serves worldwide customers.
- General Mills (U.S.)
The corporation General Mills Inc. sells food. In addition, the Firm makes and promotes branded consumer foods. General Mills serves global clients.
- Innophos (U.S.)
Innophos manufactures chemical and food additives. The company offers asphalt, catalysts, fertilizer salt, liquid phosphate, phosphate salt, acids, sodium bicarbonate, and polyphosphoric acid. Innophos markets its goods to food, construction, healthcare, and industrial sectors throughout the United States.
- WR Grace (U.S.)
W.R. Grace & Co. sells products for construction, containers, and specialized chemicals. Catalysts, silica, fine chemicals, molecular sieves, and other items are the company's main focus. W.R. Grace & Co. provides services to the global food and beverage, consumer goods, petrochemical, and construction industries.
- Amway Corporation (U.S.)
Amway Corp. works with independent contractors to sell a range of consumer goods. The company sells various goods, including fragrances, home goods, jewelry, food and drink, bath and body treatments, and nutritional supplements. Amway caters to clients all over the world.
- Bactolac Pharmaceuticals Inc. (New York)
Nutraceuticals are created, produced, and packaged by Bactolac Pharmaceutical Inc. The company manufactures items for various uses, including those related to cholesterol, brain health, stress relief, sports nutrition, energy, antioxidants, formulae made specifically for men, women, and children, and formulas for reducing weight.
- The Hain Celestial Group Inc. (U.S.)
The Hain Celestial Group Inc. produces organic and natural drinks, snacks, specialty foods, and personal care items. Grocery store foods, such as organic cookies, cooking oils, sugar-free goods, kosher goods, snacks, frozen foods, and organic skin, hair, and body products, are part of the company's product line. Hain Celestial has operations in both Europe and North America.
- Herbalife Ltd (U.S.)
The company Herbalife Ltd. provides nutritional products. The business manufactures and markets goods for weight control, meals and snacks, sports and fitness, energy, nutrition, and personal care. Herbalife Nutrition serves worldwide clients.
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