List of Figures
Figure 1: Global Nutraceuticals Market Size By Value 2016 to 2027F(In USD Billion)
Figure 2: Global Nutraceuticals Market Share By Product Type (2016, 2021&2027F)
Figure 3: Global Nutraceuticals Market Share By Dietary Supplements’ Type (2016, 2021&2027F)
Figure 4: Global Nutraceuticals Market Share By Functional Beverages Type (2016, 2021&2027F)
Figure 5: Global Nutraceuticals Market Share By Functional Foods Type(2016, 2021&2027F)
Figure 6: Global Nutraceuticals Market Share By Distribution Channel Type (2016, 2021&2027F)
Figure 7: North America Nutraceuticals Market Size By Value 2016 to 2027F(In USD Billion)
Figure 8: North America Nutraceuticals Market Share By Product Type (2016, 2021&2027F)
Figure 9: North America Nutraceuticals Market Share By Dietary Supplements’ Type (2016, 2021&2027F)
Figure 10: North America Nutraceuticals Market Share By Functional Beverages Type (2016, 2021&2027F)
Figure 11: North America Nutraceuticals Market Share By Functional Foods Type (2016, 2021&2027F)
Figure 12: North America Nutraceuticals Market Share By Distribution Channel Type (2016, 2021&2027F)
Figure 13: US Nutraceuticals Market Size By Value 2016 to 2027F (In USD Billion)
Figure 14: US Nutraceuticals Market Share By Product Type (2016, 2021&2027F)
Figure 15: US Nutraceuticals Market Share By Dietary Supplements’ Type (2016, 2021&2027F)
Figure 16: US Nutraceuticals Market Share By Functional Beverages Type (2016, 2021&2027F)
Figure 17: US Nutraceuticals Market Share By Functional Foods Type (2016, 2021&2027F)
Figure 18: Canada Nutraceuticals Market Size By Value 2016 to 2027F (In USD Billion)
Figure 19: Canada Nutraceuticals Market Share By Product Type (2016, 2021&2027F)
Figure 20: Canada Nutraceuticals Market Share By Dietary Supplements’ Type (2016, 2021&2027F)
Figure 21: Canada Nutraceuticals Market Share By Functional Beverages Type (2016, 2021&2027F)
Figure 22: Canada Nutraceuticals Market Share By Functional Foods Type (2016, 2021&2027F)
Figure 23: Mexico Nutraceuticals Market Size By Value 2016 to 2027F (In USD Billion)
Figure 24: Mexico Nutraceuticals Market Share By Product Type (2016, 2021&2027F)
Figure 25: Mexico Nutraceuticals Market Share By Dietary Supplements’ Type (2016, 2021&2027F)
Figure 26: Mexico Nutraceuticals Market Share By Functional Beverages Type (2016, 2021&2027F)
Figure 27: Mexico Nutraceuticals Market Share By Functional Foods Type (2016, 2021&2027F)
Figure 28: Market Attractiveness Index, 2021
Figure 29: Market Attractiveness Index, 2027F
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Nutraceuticals Market Share By Region (2016, 2021&2027F)
Table 5: Global Nutraceuticals Market Share ByCountry (2016, 2021&2027F)
Table 6: Global Nutraceuticals Market Share By Company By Value (2021)
Table 7: North America Nutraceuticals Market Share By Country (2016, 2021&2027F)
Table 8: Key Facts of Herbalife Nutrition
Table 9: Key Facts of Nestle SA
Table 10: Key Facts of Danone SA
Table 11: Key Facts of General Mills Inc.
Table 12: Key Facts of GlanbiaPlc
Table 13: Key Facts of Tyson Foods
Table 14: Key Facts of Monster Beverage Corporation
Table 15: Key Facts of The Coca-Cola Company
Table 16: Key Facts of Arla Foods
Table 17: Key Facts of AMWAY Corp.
Table 18: Key Facts of Bayer AG
Table 19: Key Facts of Pfizer Inc.
Table 20: Key Facts of GlaxoSmithKline plc
Table 21: Key Facts of Abbott Laboratories
Table 22: Key Facts of Archer Daniels Midland Company
Table 23: Key Facts of Nu Skin Enterprises, Inc.
Table 24: Key Facts of Hearthside Food Solutions LLC
Table 25: Key Facts of PepsiCo Inc.
Table 26: Key Facts of Celsius Holdings Inc.
Table 27: Key Facts of Nutri-Nation Functional Foods Inc
Featured Companies
1. Monster Beverage Corporation
2. Nestle SA
3. General mills Inc.
4. Tyson Foods, Inc.
5. Arla Food
6. Bayer AG
7. Danone SA
8. Archer-Daniels-Midland Company
9. Pfizer Inc.
10. GlaxoSmithKline plc.
11. Herbalife Nutrition
12. AMWAY Corp.
13. Abbott Laboratories
14. Glanbia plc
15. Nu Skin Enterprises, Inc.
16. The Coca-Cola Company
17. Hearthside Food Solutions LLC
18. PepsiCo Inc.
19. Celsius Holdings Inc.
20. Nutri-Nation Functional Foods Inc
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Featured Companies
1. Monster Beverage Corporation
2. Nestle SA
3. General mills Inc.
4. Tyson Foods, Inc.
5. Arla Food
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The term "nutraceutical" refers to a product derived from food sources with additional health benefits. Nutraceutical products can be considered non-specific biological therapies used to promote general well-being, control symptoms, and prevent malignant processes. The rising demand for nutraceuticals with medicinal benefits is one of the major factors driving the market. As for the North America region, increasing consumer awareness regarding their health and food habits is fuelling the market growth for the nutraceutical industry. Also, the growing knowledge regarding nutraceutical products' ability to prevent or delay the occurrence of diverse health disorders has contributed to increasing the demand across the region. Further, North America's nutraceutical market growth is primarily driven by an increase in demand for non-carbonated products owing to accelerating demand for gluten-free, clean, and low-calorie drinks. In recent years, consumer interest in a balanced diet has resulted in a booming food and beverage industry across many developing economies. From the research, it is estimated that in the North America region, nutraceutical demand is heavily increasing among baby boomers, millennial, and women. Needs for fiber, antioxidants, heart-healthy ingredients, vitamins and minerals, omega-3 fatty acids, vitamin D, calcium, and whole grains are being fulfilled by nutraceutical products. According to the research report titled "North America Nutraceuticals Market Research Report, 2027", published by Actual Market Research, the market is anticipated to grow at more than 6% CAGR during the forecast period. In 2021, North America will be the second largest region in the world for the nutraceutical market. The concept of nutraceuticals is very widespread across the North American region, with more than 60% of the population living in the US and Canada claiming themselves to be regular users of nutraceutical products. Also, the revenues of the North American nutraceutical market have been strengthened by the ageing problem. In addition to that, the accelerating proportion of elderly people in the major economies has propelled growing consumption of nutraceuticals in North America. The North American nutraceutical market is segmented into three prominent countries, including the USA, Canada, and Mexico. Among these countries, the USA is anticipated to dominate the market during the forecast period. The USA is the most preferred destination for the trade of nutraceuticals across the globe and is a major exporter as well as importer of such products. The US nutraceutical market is expected to register increasing growth during the upcoming timeframe, owing to the rising efforts of the market players to spread awareness amongst people about the additional benefits of nutraceutical products. In addition to that, the higher market growth in the USA will largely be driven by the functional food and beverages segment, whose popularity is anticipated to increase by 2027. Many internationally renowned beverage manufacturers, such as PepsiCo and Coca-Cola, are headquartered in the USA. Further, many companies are attempting to broaden their product lines and incorporate a higher number of natural substances into their offerings, which is expected to boost the demand for nutraceuticals across the country. The North American nutraceutical market, according to the report, is divided into various distribution channels such as supermarkets/hypermarkets, convenience stores, drug and pharmacies, online retail stores, specialty stores, and so on. Among these types, the supermarkets and hypermarkets segment is dominating the market with a larger portion of the market share. However, growing internet penetration and a technology revolution across the region are expected to propel the market growth for online retail stores during the upcoming years. Further, the market is segmented into three product types, including dietary supplements, functional food, and functional beverages. Among these types, the functional food segment is leading the market with more than 42% market share in 2021. The growing focus on health and the increasing obesity rate across many countries are expected to boost the demand for alternative supplements to attain fitness. However, the functional beverage segment is expected to gain higher traction by 2027, resulting in a rapid growth rate for 2022–2027. Further, based on dietary supplement types, the vitamins segment is anticipated to acquire a higher market share during the forecast period. In North America, manufacturers have begun to create software that monitors customer behavior in order to improve their goods. For instance, in 2019, Medtate launched a new product called FemVita, which is formulated with nutraceutical food supplement ingredients including probiotics and vitamins to help improve nails, teeth, and the immune system. This shift in strategy is largely due to consumer pressure in the United States, where many people are health-conscious and demand certain ingredients in the products, thus driving the regional expansion. Based on functional beverage types, the energy drink segment is leading the market and is expected to continue growing during the upcoming timeframe. Based on functional food types, the dairy product segment is expected to witness prominent market growth by 2027 owing to higher adoption across the region. COVID-19 Impacts: In the wake of the COVID-19 pandemic, the demand for nutraceutical products, including dietary supplements and functional foods, has soared. Inflammatory boosting supplements have become main-stream over the past year, and this has led to a significant change in buying patterns and consumer behavior in the North American region. Moreover, after the COVID-19 pandemic, precautionary healthcare measures such as dietary supplements are expected to become a part of people’s everyday lives. Thus, the COVID-19 pandemic across the region has paved the way for nutraceuticals to build a strong presence in the global market. Major Companies present in the market: Herbalife Nutrition, AMWAY Corp., Bayer AG, Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories, Glanbia plc, Archer Daniels Midland Company, Nu Skin Enterprises, Inc., Nestle SA, Danone SA, General Mills Inc., Tyson Foods, Monster Beverage Corporation, The Coca-Cola Company, Arla Foods amba, Hearthside Food Solutions LLC, PepsiCo Inc., Celsius Holdings Inc., Nutri-Nation Functional Foods Inc Considered in this report • Geography: North America • Historic Year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • North America nutraceuticals market with its value and forecast along with its segments • Country wise nutraceuticals market analysis • Application wise nutraceuticals market distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report • US • Canada • Mexico Based on product type of nutraceuticals market in the report: • Dietary Supplements (Vitamin, Minerals, Herbal Supplements, Probiotic, Amino acid/Protein& Others) • Functional Foods (Bakery & Cereals, Dairy Products, Meat, Fish & Eggs, Soy Products, Fats & Oils & Others) • Functional Beverages (Energy Drinks, Sports Drinks, Dairy & Dairy Alternative Drinks, Fortified Juices & Others) Based on Distribution channel type of nutraceuticals in the report: • Supermarkets & Hypermarkets • Convenience Stores • Drug and Pharmacies • Online Retail Stores • Other Distribution Channels The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to food & beverage industry, nutrition industry, pharmaceutical industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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