Nutraceuticals Market Size 2022 Covid-19 Impact Analysis By ...| MENAFN.COM

Friday, 01 July 2022 05:13 GMT

Nutraceuticals Market Size 2022 Covid-19 Impact Analysis By Industry Trends, Future Demands, Growth Factors, Emerging Technologies, Prominent Players, Future Plans And Business Growth Strategies


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Kenneth Research recently added a report on 'Nutraceuticals Market' in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Nutraceuticals Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter's five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nutraceuticals Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Over the recent years, the global nutraceuticals industry has been growing rapidly as the global sales of Functional Beverages, Functional Food and Dietary Supplements have been witnessing rapid growth. According to Azoth Analytics research report,“Global Nutraceuticals Market – Analysis By Type (Functional Beverages, Functional Food, Dietary Supplements), Distribution Channel, By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)”, global market is projected to display a robust growth represented by a CAGR of 11.95% during 2018 – 2025.

Among all the segments, Functional Beverages currently dominates the Nutraceuticals market and will continue with decent growth in forecasted period. Among the regions, North America accounts for the largest share of the global market in 2017, with factors such as increasing aged population and high prevalence of lifestyle disease like diabetes, high blood pressure, high cholesterol and obesity in North American countries raising the demand for nutraceuticals.

The report titled“Global Nutraceuticals Market – Analysis By Type (Functional Beverages, Functional Food, Dietary Supplements), Distribution Channel, By Region, By Country (2018 Edition): Opportunities and Forecast (2013-2023)” has covered and analysed the potential of nutraceuticals Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, and challenges in the global nutraceuticals market. Additionally, the report also highlights the company profiles of various leading companies across the globe along with product benchmarking. Moreover, this report has also covered global and regional market size and share of the online and offline distribution channels.

A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Nutraceuticals Market By Type (Functional Beverages, Functional Food and Dietary Supplements). The report also analyses the global nutraceuticals market by distribution channels (online, offline) and by sub-segments that includes Functional Beverages (Fortified Juices, Fortified Dairy Drinks, Fortified Non-Carbonated Drinks), Functional Food (Probiotic Fortified Food, Omega Fatty Acid Containg Food), and Dietary Supplements (Vitamins and Minerals, Protien Supplements, Herbal Supplements). The report assesses the nutraceuticals market by regions (North America, Europe, APAC, RoW) and by countries (U.S, Canada, Germany, U.K, Italy, China, Japan, India).

Scope of the Report

Global Nutraceuticals Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Nutraceuticals Market – Sizing, Growth, Forecast
• Analysis By Type – Functional Beverages, Functional Food, Dietary Supplements.
• Analysis By Sub-Type – Functional Beverages (Fortified Juices, Fortified Dairy Drinks, Fortified Non-Carbonated Drinks), Functional Food (Probiotic Fortified Food, Omega Fatty Acid Containing Food), Dietary Supplements (Vitamins and Minerals, Protien Supplements, Herbal Supplements)
• Analysis By Distribution Channel – Online, Offline

Regional Markets – North America, Europe, APAC (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Nutraceuticals Market – Sizing, Growth, Forecast
• Analysis By Type – Functional Beverages, Functional Food, Dietary Supplements.
• Analysis By Distribution Channel – Online, Offline

Country Analysis – U.S, Canada, Germany, U.K, Italy, China, Japan, India (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Nutraceuticals Market – Sizing, Growth, Forecast
• Analysis By Type – Functional Beverages, Functional Food, Dietary Supplements.
• Analysis By Distribution Channel – Online, Offline

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Competitive Landscape
• Company Analysis – Danone, Abbott Nutrition, Amway, Yakut, Nestle S.A., DuPont, DSM, GlaxoSmithKline, Monster Beverages Corporation, BASF

Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.

About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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Mason Mount

Mason Mount is is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses.

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