Global Nutrients Market Will Exceed $826 Billion by 2028 – Prebiotics and Probiotics Expand at a CAGR of 10.1%

Dublin, November 26, 2021– (work wire)–The Nutrients Market Size, Shares and Trends Analysis Report by Product (Dietary Supplements, Functional Foods, Functional Beverages), by Region, and Sector Forecast, 2020-2028 Report added to an offer.

The global nutrient market is expected to reach US$826,426.3 million by 2028, expanding at a compound annual growth rate of 8.9% over the forecast period.

Increased awareness regarding calorie reduction and weight loss in countries, including the United States, China and India, is expected to boost nutrient use, which in turn will have a significant impact on industry growth.

Nutrients are in increasing demand globally as they improve the digestive and immune systems and enhance the cognitive behavior of consumers.

The increasing trend among consumers to change dietary habits is likely to increase the demand for nutrients. Consumer belief that an improper diet increases drug costs is expected to increase the demand for nutrients. This would also help the government as it would result in less healthcare spending and lower social security costs.

Rising disposable income, increased consumer awareness regarding health issues, and rapid urbanization are likely to fuel the growth of the nutrient market over the forecast years. The positive outlook on medical nutrition due to increased weight management programs, along with cardiovascular disease, is expected to increase the demand for nutrients.

The rise and evolution of wellness-focused diets, such as the keto and paleo diet, are pushing food producers to cater to their products in this direction. Functional food products, such as probiotics and omega-3s, are widely used in yogurt and fish oils in order to reduce the risk of cardiovascular disease and to develop the quality of intestinal bacteria, which is expected to boost the market growth of food products over the coming years.

Highlights Report

  • Based on functional food products, prebiotics and probiotics are expected to expand at a compound annual growth rate of 10.1% during the forecast period due to the increased use of probiotics as a primary ingredient among the majority of food manufacturers to provide better nutrition and reduce health problems caused by harmful bacteria.

  • Vitamins and minerals together accounted for more than 40.71% of the share in 2019 due to increased consumer interest in the relationship between diet and health, which in turn has led to increased demand for these products.

  • In terms of nutritional supplement product, vitamins emerged as the largest segment in 2019 and are expected to expand at a compound annual growth rate of 5.8% in the coming years.

  • In terms of product, functional foodstuffs captured the largest share in 2019 and generated revenue of US$187.51 billion. Rising healthcare costs, along with an increasing number of elderly people worldwide, are expected to drive the functional food sector during the forecast period.

  • The Asia Pacific region is expected to experience the fastest growth during the forecast period. The expansion of the retail chain in countries such as India, Japan and China has led to an increase in the consumption of nutritional supplements and functional foods in this region.

  • The Nutrients industry is a very competitive landscape. The major players dominate the nutrient market space and focus on several strategic initiatives, including mergers and acquisitions, product innovation, and portfolio expansion.

  • Major market participants include Cargill, Incorporated, Archer Daniels Midland Company, DuPont, Nestlé SA, Danone, General Mills, Inovus, WR Grace, and Amway Corporation.

The main topics covered

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Dietary Supplements Market Variables, Trends and Scope

Chapter 4. Nutrients Market: Product Estimates and Trend Analysis

Chapter 5. Nutrients Market: Dietary Supplement Estimates and Trend Analysis

Chapter 6. Nutrients Market: Food Functional Analysis, 2020 and 2028

Chapter 7. Nutrients Market: Functional Beverage Analysis, 2020 and 2028

Chapter 8. Nutrients Market: Regional Estimates and Trend Analysis

Chapter 9. Dietary Supplements Market: Competitive Analysis

Chapter 10 Company Profiles

  • Cargill, Incorporated

  • Archer Daniels Midland Company

  • DuPont

  • Nestlé SA

  • Danone

  • Royal DSM NV

  • general mills

  • Inovos

  • WR Grace

  • amway company

  • AOR Canada

  • Arkopharma S.A. Laboratories

  • Bactolac Pharmaceuticals, Inc.

  • EID Parry Ltd.

  • Valencia International

  • Nutrition Matson

  • Med Johnson Nutrition Company

  • Natrol

  • Hain Celestial Group, Inc.

  • Herbalife Ltd.

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