The USA nutraceuticals market is accounted to US$ 73,986.0 Mn in 2018 and is expected to grow at a CAGR of 7.1% during the forecast period 2019 – 2027, to account to US$ 138,047.1 Mn by 2027.
Growth in the demand for functional food and beverages owing to increasing health consciousness amongst consumers has bolstered the growth of USA nutraceuticals market.
Exhibit: USA Nutraceuticals Market, Revenue and Forecast, 2018
Market Insights
Growth in the demand for functional food and beverages owing to increasing health consciousness amongst consumers
Nutraceutical ingredients such as vitamins and minerals are added in the functional food and beverages to enhance the nutritional value. Functional foods have a positive effect on health beyond basic nutrition and also promote optimal health. Functional food and beverages are enriched with nutritions that are not provided naturally. The increasing awareness related to the health benefits associated with the consumption of nutraceutical products supplements the growth of the USA nutraceuticals market.
Increasing spectrum of nutraceutical in sport nutrition provides opportunity for the nutraceuticals market growth
Nutrition plays an essential role in an athlete’s performance. Vitamins and minerals are crucial for a variety of activities in the body, such as turning food into energy and keeping bones healthy. Nutraceutical products offers an adequate amount of nutrition required to maintain a healthy lifestyle. This is translating into increasing demand for nutraceutical products in sports nutrition.
Type Insights
The USA nutraceuticals market by type has been categorized in functional food, functional beverages, dietary supplements, personal care and pharmaceuticals. The demand for functional food is rising due to the growing health consciousness among the people. They enhance the performance of body by the introduction of ingredients absent in many food items. People are inclining more towards functional food owing to their medicinal importance, and the nutritional aspects which are bound to expand the nutraceutical market in the coming years.
Application Insights
On the basis of application, the USA Nutraceuticals market has been segmented into general wellness, beauty and anti-aging, weight management, digestive health, sports and energy drinks. Under application segment, general wellness is the leading segment in the USA nutraceuticals market. There has been a favorable growth in the application of nutraceuticals in the healthcare and general wellness sector. Researchers have claimed that the introduction of nutraceuticals has proven to be of significant help in the treatment of disorders like cancer, blood pressure, insomnia, coronary heart disease, depression, cough and cold and other diseases that need special care. The application of nutraceuticals in the form of dietary supplement is also rising due to its growing nutritional and medicinal benefits.
Exhibit: USA Nutraceuticals Market by Application
Strategic Insights
Mergers & acquisition, strategy and business planning and new product development were observed as the most adopted strategies in USA Nutraceuticals market. Few of the recent developments in the USA Nutraceuticals market are listed below:
2019: Amway India launched new nutraceutical product, DHA yummies under Nutrilite brand
2019: The Nature’s Bounty Co. launched new nutraceutical products, which includes Nature's Bounty® Sleep3 and Nature's Bounty® Elderberry Gummies, and Nature's Bounty® Anxiety & Stress Relief
2018: General Mills, Inc. acquired pet food manufacturer, Blue Buffalo Pet Products, Inc. which helped them to increase its portfolio and market presence
2018: Abbott launched Ensure Max Protein product through which it expanded its nutraceuticals product line.
USA NUTRACEUTICALS MARKET SEGMENTATION
By Type
By Application
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 73,986.0 Million |
| Market Size by 2027 | US$ 138,047.1 Million |
| CAGR (2019 - 2027) | 7.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
United States
|
| Market leaders and key company profiles |
|
The USA Nutraceutical Market is valued at US$ 73,986.0 Million in 2018, it is projected to reach US$ 138,047.1 Million by 2027.
As per our report USA Nutraceutical Market, the market size is valued at US$ 73,986.0 Million in 2018, projecting it to reach US$ 138,047.1 Million by 2027. This translates to a CAGR of approximately 7.1% during the forecast period.
The USA Nutraceutical Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the USA Nutraceutical Market report:
The USA Nutraceutical Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The USA Nutraceutical Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the USA Nutraceutical Market value chain can benefit from the information contained in a comprehensive market report.
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