Nutraceuticals Market Dynamic Business Environment during 2021 – 2030

Posted by Aparna P on September 23rd, 2022

The nutraceuticals market has been anticipated to reach the valuation of US$ 650.5 Bn and grow at a CAGR of 3.9% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the nutraceuticals market are attributed to the rising demand for industry products owing to increased awareness related to health benefits with the use of nutraceuticals products and nutraceutical supplements.
As the nutraceuticals market products have been considered as food additives or supplements, they are unregulated across various parts of the globe. Growing healthcare awareness among people is likely to increase the demand for these products and thus bolster expansion opportunities in the nutraceuticals market.
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The increased focus in emerging economies on preventive healthcare is likely to boost the demand for nutraceutical product considerably over the forthcoming years, translating into high growth of this market in the future. The usage of antioxidants in excess in the functional food and beverages industry is also projected to contribute to the growth of this market in the years to come.
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Aparna P

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Aparna P
Joined: May 13th, 2021
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