Nutraceuticals market size was valued at US$ 390 Billion in 2020 and is expected to grow US$ 659.78 Billion by 2027 at a CAGR of 7.8% during the forecast period. Nutraceuticals are a broad term which any product derived from food sources and having additional health benefits than basic nutritional value of food. Nutraceuticals are food products that are believed to prevent or have significant effect upon illnesses or medical conditions. Nutraceuticals Market may be nutrients, herbs and dilatory supplements. In 2017, Alga technologies granted national organic program certification from U.S. FDA agricultural marketing service for its haematococcus pluvialis microalgae powder & astaxanthin oleoresin, In 2016, DolCas Biotech, LLC received GRAS status for its BCM – 95 turmeric extracts to use in food, dietary supplements and medical foods.
Nutraceuticals Market report gives a comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report gives historical, current, and future market sizes (US$ Mn) on the basis of functional food, functional beverages, dietary supplements and region. This report market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global nutraceuticals.