U.S. Nutraceuticals Market is estimated to be valued at US$ 86.78 Million in 2021, according to the U.S. Nutraceuticals Market Report, by Product Type (Functional Foods (Probiotics Fortified Foods, Omega Fatty Acid Fortified Foods, Branded Iodized salt, Branded Wheat Flour, Others), Functional Beverages (Energy Drinks, Sport Drinks, Fortified Juices, Fortified Dairy Beverages, Others), Dietary Supplements (Protein Supplements, Vitamins and Minerals, Herbal Supplements, Others)) and by Product Form (Tablets and Capsules, Powder, Liquid, Solids/Semi-solids), published by Coherent Market Insights.
U.S. nutraceuticals market was valued at US$ 86.78 Million in 2021. U.S. nutraceuticals market is expected to register a CAGR of 5.52% over the forecast period (2022–2030) to reach US$ 140.75 Million by 2030. Nutraceuticals have extra functionality in terms of minerals, nutrients, and vitamins which are beneficial for delivering psychological benefits. Consumption of these products also reduces the risk of chronic disease and relieves the symptoms of any disease. They are categorized into functional beverages, functional foods, and dietary supplements. Nutraceuticals have a wide range of applications across various industries such as food & beverages, personal care, animal feed additives, and pharmaceutical. These products have potential health benefits such as cell proliferation, gene expression, protecting mitochondrial integrity and antioxidant defenses.
In the wake of the COVID-19 pandemic, demand for dietary supplements and functional foods has soared. Immunity boosting supplements have become mainstream from 2020 and this has led to a significant change in buying patterns and consumer behavior regarding personal care. Moreover, after the COVID-19 pandemic, preventive healthcare measures such as dietary supplements have become a part of people’s everyday lives.
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https://www.coherentmarketinsights.com/market-insight/us-nutraceuticals-market-3710
Browse 50 market data tables* and 40 figures* on "U.S. Nutraceuticals Market” - Forecast to 2030.
Key Trends and Analysis of the U.S. Nutraceuticals Market:
- Rising use of pectin & modified starch ingredients as gelling and emulsifying agents in juices and yogurts for stabilizing acid of the dairy products is expected to fuel the market growth of nutraceutical Growing focus of U.S. nutraceuticals manufacturers to increase their product visibility by creating awareness regarding the benefits of the nutraceutical products is expected to accelerate market growth.
Key Takeaways of the Global U.S. Nutraceuticals Market:
- On the basis of product type in 2021, the functional foods segment accounted for the largest market share of 36.6% in terms of value, followed by dietary supplements and functional beverages.
- Growing health concerns amongst consumers and increasing awareness regarding nutraceuticals are likely to be the major drivers of the U.S. market. Additionally, an increase in the aging population, spending patterns on healthcare products, and changing lifestyles have enhanced growth of the nutraceutical industry in the U.S. Vast product portfolio of U.S. nutraceutical company and government regulations regarding nutraceutical products are a few factors that suppress the market growth. However, the growing trend of food fortification with nutraceutical products is anticipated to create a significant growth opportunity for this market.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the U.S. nutraceuticals industry are key strategies adopted by key players in the U.S. nutraceuticals market. For instance, in March 2022, PepsiCo., a food, snack, and beverage corporation, introduced a technology that recovers more than 50% of water used in potato chip manufacturing.
