Herbal Nutraceutical Supplements Market to Witness Growth Acceleration by 2027

Posted by Arslan on January 10th, 2020

The FactMR report tracks the nutraceutical supplements market for the period 2018-2027. According to the report, the nutraceutical supplements market is projected to grow at 7% CAGR through 2027. The nutraceutical supplements market is projected to account for over US$ 80,700 million in 2019, according to a new Fact.MR study. Overall herbal nutraceutical supplements market growth can be attributed to,

• Increasing adoption of nutraceutical supplements as pharmaceutical alternatives
• Increasing healthcare costs and rising consumer preference for simple and over-the-counter medicines
• Significant R&D investments in identifying the role of nutraceutical supplements in important health conditions such as obesity, cancer, cardiovascular diseases, diabetes and neurodegenerative diseases

Each segment of the keyword market has been individually analyzed on the basis of pricing, distribution, and demand prospect for the following regions:

• North America (Canada, US)
• Latin America (Argentina, Mexico)
• Europe (NORDIC, UK)
• APEJ (China, India)
• MEA and Japan

Vitamins & minerals supplements will continue to witness a significant demand in the coming years. The estimations find that vitamins & minerals supplements are expected to hold over 36% of the overall share of the nutraceutical supplements market in 2019. Being the most commonly consumed dietary supplements, vitamins & minerals supplements consumption is expected to grow steadily throughout the forecast period.

Herbal supplements and protein & amino acid supplements are projected to register comparable market revenues. Collectively, these segments will account for half the revenue share in 2019. Increasing preference for natural ingredients has led to a significant demand for herbal supplements.

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Unisex Nutraceutical Supplements Held Two Fifth of Market Share in 2018

Fact.MR study finds that according to consumer orientation, sales of unisex nutraceutical supplements have spearheaded the market revenues for many years. In 2019, the trend will continue and the sales of unisex nutraceutical supplements will occupy nearly two fifth of global revenues. Further, despite lower revenues, nutraceutical supplements for kids will witness rising demand and an impressive growth rate in 2019.

Softgel Remains Highly Preferred Form, Popularity of Capsules and Tablets to Grow

Fact.MR studied demand-supply scenario of different forms of nutraceutical supplements available. The study reveals that demand for the softgel form of nutraceutical supplements remained higher in the past few years and the status quo will be maintained in the coming years. In 2019, demand for soft gels is projected to generate revenues worth over one fourth of the global revenues.