USA Nutraceutical Market to Grow at a CAGR of 7.1% to reach US$ 138,047.1 Mn from 2018 to 2027

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

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.

USA Nutraceuticals Market by Application

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USA Nutraceutical Market: Strategic Insights

USA Nutraceutical Market

• Market Size 2018
  US$ 73,986.0 Million
• Market Size 2027
  US$ 138,047.1 Million

Market Dynamics

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Regional Overview

• United State

Market Segmentation

Type

• Functional Food
• Functional Beverages
• Dietary Supplements
• Personal Care & Pharmaceuticals

Application

• General Wellness
• Digestive Health
• Weight Management
• Sports and Energy
• Beauty and Anti-Aging

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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

• Functional Food
• Functional Beverages
• Dietary Supplements
• Personal Care and Pharmaceuticals

By Application

• General Wellness
• Beauty and Anti-Aging
• Weight Management
• Digestive Health
• Sports and Energy

Company Profiles

• Abbott
• Amway
• Chobani, LLC
• General Mills, Inc.
• Helion Nutraceuticals, LLC
• Herbalife International of America, Inc.
• Kellogg Co.
• Matsun Nutrition
• The Nature’s Bounty Co.
• Valensa International

USA Nutraceutical Market Report Scope