The North America Nutraceuticals Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
Nutraceuticals are now an increasingly important component of many people's daily lives all around the world. These supplements, foods, and beverages are growing in popularity as people shift their focus away from synthetic materials and toward natural remedies and nutrition. Nutraceuticals are non-toxic and fully safe to consume because they are made from food and plant material. Also, nutraceuticals are categorized as food supplements and additives, and unlike pharmaceuticals, they are not tightly regulated. Nutraceuticals, on the other hand, are offered at pharmacies because they are considered health items. There has been an increase in demand for nutraceuticals that are converted into candies and jellies because they taste better and are more appealing to youngsters, making it easier to offer them the supplements.
Dietary fibres and minerals are expected to become more popular as people become more aware of their benefits in general health and physical upkeep. Fibers encourage simpler bowel movements while also cleansing internal organs, whereas minerals aid in the absorption and transport of nutrients into cells and stimulate blood coagulation, among other things. Moreover, increasing acceptance rates of herbal medicines among people around the world are likely to expand the market growth over the forecast period, owing to rising worries about the harmful consequences of traditional pharma pharmaceuticals.
Functional foods and nutraceutical goods can aid in the improvement of health, the reduction of healthcare expenditures, and the development of the economy. The demand for energy drinks, fortified dairy products, functional beverages, and dietary supplements is continually increasing, which is driving the demand of these items. Artificial Intelligence (AI) is getting popular in the nutraceutical packaging industry. To meet customer demand, leading companies in the nutraceuticals market are implementing innovative technologies such as artificial intelligence (AI). For example, Efficacy AI, a US-based company, introduced MedicascyAI in July 2020, which uses artificial intelligence to assist nutraceutical and supplement companies in bringing innovative products to market faster. The MEDICASCY artificial intelligence solutions network (MedicascyAI) would assist the nutraceutical industry in relying less on secondary science and directing primary research toward more fruitful results.
Many Canadians are exploring the connection between health and diet as they age and face growing healthcare bills. With product innovation and market expansion, the functional food (nutraceutical) business is grabbing the opportunity.
The US market dominated the North America Nutraceuticals Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $154.0 billion by 2027. The Canada market is estimated to witness a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2021 - 2027).
Based on Type, the market is segmented into Functional Food, Dietary Supplements, and Functional Beverages. Further, on the basis of Functional food, the market is segmented into Vitamins, Minerals, Carotenoids, Dietary Fibers, Prebiotics & Probiotics, Fatty Acids, and Others. Based on Dietary Supplements, the market is segmented into Vitamins & Minerals, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Botanicals, Omega Fatty Acids & Others. Based on Functional Beverages, the market is segmented into Energy & Sports Drinks, Functional Juices, and Others. Based on Sales Channel, the market is segmented into Pharmacy, Specialty Stores, Hypermarket/Supermarket, and Online Channels. Based on Form, the market is segmented into Capsule & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Nutraceuticals Market is Estimated to reach $743.6 Billion by 2027, at a CAGR of 8.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., General Mills, Inc., Archer Daniels Midland Company, Danone, S.A., Koninklijke DSM N.V., International Flavors & Fragrances, Inc., Herbalife International, Inc., The Hain Celestial Group, Inc., Amway Corporation, and Cargill Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Functional Food
- Vitamins
- Minerals
- Carotenoids
- Dietary Fibers
- Prebiotics & Probiotics
- Fatty Acids
- Others
- Dietary Supplements
- Vitamins & Minerals
- Proteins & Amino Acids
- Fibers & Specialty Carbohydrates
- Botanicals
- Omega Fatty Acids & Others
- Functional Beverages
- Energy & Sports Drinks
- Functional Juices
- Others
By Sales Channel
- Pharmacy
- Specialty Stores
- Hypermarket/Supermarket
- Online Channels
By Form
- Capsule & Tablets
- Liquid
- Powder
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Nestle S.A.
- General Mills, Inc.
- Archer Daniels Midland Company
- Danone, S.A.
- Koninklijke DSM N.V.
- International Flavors & Fragrances, Inc.
- Herbalife International, Inc.
- The Hain Celestial Group, Inc.
- Amway Corporation
- Cargill Corporation
TABLE 1 North America Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 2 North America Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Nutraceuticals Market
TABLE 4 Product Launches And Product Expansions– Nutraceuticals Market
TABLE 5 Acquisitions and Mergers– Nutraceuticals Market
TABLE 6 North America Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 7 North America Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 8 North America Functional Food Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Functional Food Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 11 North America Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 12 North America Vitamins Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Vitamins Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Minerals Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Minerals Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Carotenoids Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Carotenoids Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Dietary Fibers Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Dietary Fibers Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Prebiotics & Probiotics Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Prebiotics & Probiotics Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Fatty Acids Market by Country, 2017 - 2020, USD Million
TABLE 23 North America Fatty Acids Market by Country, 2021 - 2027, USD Million
TABLE 24 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 26 North America Dietary Supplements Market by Country, 2017 - 2020, USD Million
TABLE 27 North America Dietary Supplements Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 29 North America Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 30 North America Vitamins & Minerals Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Vitamins & Minerals Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Proteins & Amino Acids Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Proteins & Amino Acids Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Fibers & Specialty Carbohydrates Market by Country, 2017 - 2020, USD Million
TABLE 35 North America Fibers & Specialty Carbohydrates Market by Country, 2021 - 2027, USD Million
TABLE 36 North America Botanicals Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Botanicals Market by Country, 2021 - 2027, USD Million
TABLE 38 North America Omega Fatty Acids & Others Market by Country, 2017 - 2020, USD Million
TABLE 39 North America Omega Fatty Acids & Others Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Functional Beverages Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Functional Beverages Market by Country, 2021 - 2027, USD Million
TABLE 42 North America Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 43 North America Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 44 North America Energy & Sports Drinks Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Energy & Sports Drinks Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Functional Juices Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Functional Juices Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 50 North America Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 51 North America Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 52 North America Pharmacy Market by Country, 2017 - 2020, USD Million
TABLE 53 North America Pharmacy Market by Country, 2021 - 2027, USD Million
TABLE 54 North America Specialty Stores Market by Country, 2017 - 2020, USD Million
TABLE 55 North America Specialty Stores Market by Country, 2021 - 2027, USD Million
TABLE 56 North America Hypermarket/Supermarket Market by Country, 2017 - 2020, USD Million
TABLE 57 North America Hypermarket/Supermarket Market by Country, 2021 - 2027, USD Million
TABLE 58 North America Online Channels Market by Country, 2017 - 2020, USD Million
TABLE 59 North America Online Channels Market by Country, 2021 - 2027, USD Million
TABLE 60 North America Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 61 North America Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 62 North America Capsule & Tablets Market by Country, 2017 - 2020, USD Million
TABLE 63 North America Capsule & Tablets Market by Country, 2021 - 2027, USD Million
TABLE 64 North America Liquid Market by Country, 2017 - 2020, USD Million
TABLE 65 North America Liquid Market by Country, 2021 - 2027, USD Million
TABLE 66 North America Powder Market by Country, 2017 - 2020, USD Million
TABLE 67 North America Powder Market by Country, 2021 - 2027, USD Million
TABLE 68 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 69 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 70 North America Nutraceuticals Market by Country, 2017 - 2020, USD Million
TABLE 71 North America Nutraceuticals Market by Country, 2021 - 2027, USD Million
TABLE 72 US Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 73 US Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 74 US Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 75 US Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 76 US Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 77 US Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 78 US Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 79 US Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 80 US Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 81 US Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 82 US Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 83 US Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 84 US Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 85 US Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 86 Canada Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 87 Canada Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 88 Canada Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 89 Canada Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 90 Canada Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 91 Canada Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 92 Canada Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 93 Canada Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 94 Canada Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 95 Canada Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 96 Canada Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 97 Canada Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 98 Canada Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 99 Canada Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 100 Mexico Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 101 Mexico Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 102 Mexico Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 103 Mexico Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 104 Mexico Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 105 Mexico Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 106 Mexico Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 107 Mexico Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 108 Mexico Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 109 Mexico Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 110 Mexico Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 111 Mexico Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 112 Mexico Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 113 Mexico Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 114 Rest of North America Nutraceuticals Market, 2017 - 2020, USD Million
TABLE 115 Rest of North America Nutraceuticals Market, 2021 - 2027, USD Million
TABLE 116 Rest of North America Nutraceuticals Market by Type, 2017 - 2020, USD Million
TABLE 117 Rest of North America Nutraceuticals Market by Type, 2021 - 2027, USD Million
TABLE 118 Rest of North America Nutraceuticals Market by Functional Food Type, 2017 - 2020, USD Million
TABLE 119 Rest of North America Nutraceuticals Market by Functional Food Type, 2021 - 2027, USD Million
TABLE 120 Rest of North America Nutraceuticals Market by Dietary Supplements Type, 2017 - 2020, USD Million
TABLE 121 Rest of North America Nutraceuticals Market by Dietary Supplements Type, 2021 - 2027, USD Million
TABLE 122 Rest of North America Nutraceuticals Market by Functional Beverages Type, 2017 - 2020, USD Million
TABLE 123 Rest of North America Nutraceuticals Market by Functional Beverages Type, 2021 - 2027, USD Million
TABLE 124 Rest of North America Nutraceuticals Market by Sales Channel, 2017 - 2020, USD Million
TABLE 125 Rest of North America Nutraceuticals Market by Sales Channel, 2021 - 2027, USD Million
TABLE 126 Rest of North America Nutraceuticals Market by Form, 2017 - 2020, USD Million
TABLE 127 Rest of North America Nutraceuticals Market by Form, 2021 - 2027, USD Million
TABLE 128 Key Information – Nestle S.A.
TABLE 129 Key Information – General Mills, Inc.
TABLE 130 key Information – Archer Daniels Midland Company
TABLE 131 Key information – Danone S.A.
TABLE 132 Key Information – Koninklijke DSM N.V.
TABLE 133 key Information – International Flavors & Fragrances, Inc.
TABLE 134 Key information – Herbalife International, Inc.
TABLE 135 Key Information – The Hain Celestial Group, Inc.
TABLE 136 key information - Amway Corporation
TABLE 137 Key Information – Cargill Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018,Oct – 2021, Oct) Leading Players
FIG 5 Recent Strategies and Developments: Nestle S.A.
FIG 6 Recent Strategies and Development: Archer Daniels Midland Company
FIG 7 Recent Strategies and Developments: Koninklijke DSM N.V.
FIG 8 Recent Strategies and Developments: International Flavors & Fragrances, Inc.
FIG 9 Recent Strategies and Developments: Herbalife International, Inc.
FIG 10 Recent Strategies and Developments: Amway Corporation