North America holds the largest market share in the nutraceuticals market, largely due to high demand for health and wellness products.
Everything by Rachan at Adobe Stock
The global nutraceuticals market is expected to grow at a compound annual growth rate of 6.4% from 2024 to 2029, according to a new report from BCC Research.
Nutraceuticals include products such as supplements, functional foods, and beverages that provide health benefits beyond basic nutrition, such as boosting wellness or supporting digestive health.
As consumers are becoming more conscious of their health and wellness, they are looking for their food and beverage products to provide more value. Key contributing factors to the growth of the nutraceuticals market include the increased demand for dietary supplements and rising healthcare costs.
Report Highlights
- The estimated market size of the nutraceuticals market will be $571.3 billion by 2029.
- North America holds the largest market share.
- The rise of e-commerce and retail chains is driving the growth of processed food, making nutraceuticals more accessible.
