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Nutraceutical Market Share

Report ID: GMI5297
Published Date: Nov 2024
Report Format: PDF

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Nutraceutical Market Share

These companies are investing heavily in research and development to expand their product portfolios and meet the evolving needs of consumers. Partnerships and acquisitions are also common in this sector, enabling companies to leverage each other’s resources, distribution channels, and market expertise. For example, in July 2022, Nestlé Health Science acquired a minority stake in Orgain, a plant-based protein powder company, to strengthen its product offerings in the growing plant-based nutraceutical segment. With a focus on developing innovative, science-backed products, leading players are well-positioned to capitalize on the expanding market demand.

Nutraceutical Market Companies

The competitive landscape of the nutraceutical industry includes prominent players such as

Nutramax Laboratories, Inc.
Charlottes Web
Kelloggs
Abbott
Agro Tech
Herbalife International of America, Inc.
Amway Corporation
Kraft Heinz
HempFlax Group BV
PepsiCo
Danone
Nestle S.A.
Zesty Paws

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global nutraceutical industry was valued at USD 451.7 billion in 2023 and is expected to grow at a CAGR of 4.7% from 2024 to 2032, driven by increasing consumer awareness of health and wellness.

The dietary supplements segment is expected to generate USD 279.6 billion by 2032, as they are commonly used for health enhancement and disease prevention.

North America accounted for 38.3% of the nutraceutical market share in 2023 and is projected to grow at a robust CAGR through 2032, driven by rising health awareness and high disposable income levels.

Key players in the industry include Nutramax Laboratories, Inc., Charlotte's Web, Kellogg