What is the global market size of Nutraceuticals Market?

Global Nutraceuticals Market size was valued at USD 383.69 billion in 2022 and is poised to grow from USD 420.14 billion in 2023 to USD 868.38 billion by 2031, growing at a CAGR of 9.50% during the forecast period (2024-2031).

Who are the key vendors in the Global Nutraceuticals Market?

Global Nutraceuticals Market is highly competitive, with several key players operating in the industry. These companies are continually innovating and developing new products to maintain their market share and meet changing consumer needs. Some of the major players in the market are focused on developing new products, expanding their distribution channels, and engaging in strategic partnerships to maintain their market position and drive growth in the industry. 'Amway Corporation (US)', 'Nestle Health Science (Switzerland)', 'Herbalife Nutrition Ltd (US)', 'Archer Daniels Midland Company (US)', 'DuPont de Nemours, Inc (US)', 'BASF SE (Germany)', 'Cargill, Inc. (US)', 'Royal DSM (Netherlands)', 'Ingredion Incorporated (US)', 'Lonza Group AG (Switzerland)', 'PepsiCo, Inc. (US)', 'Glanbia plc (Ireland)', 'Ajinomoto Co., Inc. (Japan)', 'Kerry Group plc (Ireland)', 'Suntory Holdings Limited (Japan)', 'ADM Protexin Limited (UK)', 'Groupe Danone SA (France)', 'Abbott Laboratories (US)', 'Yakult Honsha Co., Ltd. (Japan)', 'Nature's Sunshine Products, Inc. (US)'

What is the key driver of Global Nutraceuticals Market?

The increasing awareness and concern for health and wellness among consumers is a significant driver of the global nutraceuticals market. Consumers are becoming more informed about the benefits of nutraceutical products in maintaining and improving their health, which is driving demand for such products. For example, the increasing demand for omega-3 fatty acid supplements is driven by the growing awareness of the health benefits of these supplements in reducing the risk of heart disease.

What is the key market trend for Global Nutraceuticals Market?

Rising demand for plant-based nutraceuticals: There is a growing trend towards plant-based and natural products in the nutraceuticals industry. Consumers are increasingly seeking products that are free from synthetic ingredients and are perceived to be healthier and more sustainable. Plant-based nutraceuticals, including herbal supplements and plant-based proteins, are gaining popularity, driven by the growing demand for vegan and vegetarian products.

Which region accounted for the largest share in Global Nutraceuticals Market?

North America has emerged as the dominant region in the global nutraceuticals market, accounting for a significant revenue share in 2021. The market growth is primarily attributed to the increasing health concerns among consumers, which has led to greater awareness and demand for nutraceuticals in the region. The rise in the aging population, changing lifestyles, and increased spending patterns on healthcare products have further fueled the growth of the nutraceutical industry in North America. However, the market growth is also hindered by factors such as a vast product portfolio and government regulations related to nutraceutical products. Nevertheless, the growing trend of food fortification with nutraceutical products is expected to provide a significant growth opportunity for the market in the region. In the United States, increasing healthcare costs, recent regulations on functional food, and increased research and development on functional food are the key factors that are driving the growth of the market. Poor dietary habits, long working hours, and sedentary lifestyles are contributing to poor health and associated healthcare costs, which account for approximately 14% of the gross national product (GNP) in the US economy. As a result, the US population is increasingly shifting towards preventive healthcare, leading to greater demand for dietary supplements and functional foods.

Top Nutraceuticals Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Nutraceuticals Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Nutraceuticals industry players.

Nutraceuticals Market Competitive Landscape

Global Nutraceuticals Market is highly competitive, with several key players operating in the industry. These companies are continually innovating and developing new products to maintain their market share and meet changing consumer needs. Some of the major players in the market are focused on developing new products, expanding their distribution channels, and engaging in strategic partnerships to maintain their market position and drive growth in the industry.

Nutraceuticals Market Top Player’s Company Profiles

Amway Corporation (US)

Nestle Health Science (Switzerland)

Herbalife Nutrition Ltd (US)

Archer Daniels Midland Company (US)

DuPont de Nemours, Inc (US)

BASF SE (Germany)

Cargill, Inc. (US)

Royal DSM (Netherlands)

Ingredion Incorporated (US)

Lonza Group AG (Switzerland)

PepsiCo, Inc. (US)

Glanbia plc (Ireland)

Ajinomoto Co., Inc. (Japan)

Kerry Group plc (Ireland)

Suntory Holdings Limited (Japan)

ADM Protexin Limited (UK)

Groupe Danone SA (France)

Abbott Laboratories (US)

Yakult Honsha Co., Ltd. (Japan)

Nature's Sunshine Products, Inc. (US)

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

FAQs

Global Nutraceuticals Market Size was valued at USD 468.15 Billion in 2024 and is poised to grow from USD 515.43 Billion in 2025 to USD 1112.94 Billion by 2033, growing at a CAGR of 10.1% during the forecast period (2026–2033).

Nutraceutical providers should focus on the personalized nutrition trend to boost their sales potential. Focusing on developing plant-based nutraceuticals and incorporation of clean-label ingredients is the best opportunity for companies as per this nutraceuticals market analysis. 'Nestle (Switzerland)', 'Danone (France)', 'BASF (Germany)', 'Herbalife Nutrition (USA)', 'Ingredion (USA)', 'Archer Daniels Midland Company (ADM) (USA)', 'Yakult Honsha (Japan)', 'Otsuka Holdings (Japan)', 'Royal DSM (Netherlands)', 'International Flavors & Fragrances (IFF) (USA)', 'Tate & Lyle (UK)', 'Medifast (USA)', 'BellRing Brands (USA)', 'Glanbia (Ireland)', 'Meiji Holdings (Japan)', 'USANA Health Sciences (USA)', 'Jamieson Wellness (Canada)', 'Perrigo Company (Ireland)', 'Nature's Sunshine (USA)', 'Aker BioMarine (Norway)'

The surge in adoption of active lifestyles and growing interest in fitness is driving up the consumption of performance-enhancing nutraceuticals. Athletes and fitness enthusiasts are seeking protein supplements, amino acids, energy boosters, and recovery aids to optimize physical performance and endurance. Social media, fitness influencers, and wellness apps increase awareness and usage of these products. All of these factors support the global nutraceuticals market outlook going forward.

Immune-Boosting and Mental Wellness Formulations: Prioritization of mental and immune health by consumers around the world is driving the sales of nutraceuticals that support stress relief, sleep, mood, and cognitive function. Companies are focusing on incorporation of vitamin C, zinc, probiotics, ashwagandha, L-theanine, and magnesium in their offerings. Formulations targeting burnout, anxiety, and sleep disorders are especially relevant amid rising workplace stress and digital fatigue. This nutraceuticals market trend is becoming central to product innovation and marketing.

High health awareness, advanced healthcare infrastructure, and established culture of consuming dietary supplements are helping North America lead global sales of nutraceuticals. Prioritization of preventive healthcare among consumers coupled with regulatory clarity from the FDA are also helping create new opportunities for market players. High interest in fitness fueled by celebrities and influencers is also expected to play a crucial role in governing the demand for nutraceuticals on a global level.

Top Nutraceuticals Companies

Nutraceuticals Market Competitive Landscape

FAQs

What is the global market size of Nutraceuticals Market?

Who are the key vendors in the Nutraceuticals Market?

What is the key driver of Nutraceuticals Market?

What is the key market trend for Nutraceuticals Market?

Which region accounted for the largest share in Nutraceuticals Market?

Request Free Customization