The global [nutraceuticals market revenue](https://www.fortunebusinessinsights.com/nutraceuticals-market-102530?) was valued at USD 419.93 billion in 2023 and is expected to expand from USD 457.35 billion in 2024 to USD 976.74 billion by 2032, reflecting a CAGR of 9.95% during the forecast period. The U.S. nutraceuticals market is anticipated to experience substantial growth, reaching approximately USD 163.15 billion by 2032, driven by increasing consumer awareness of their role in enhancing health and preventing lifestyle-related diseases. In 2023, the Asia Pacific region led the market, accounting for a 39.79% share.
The global demand for nutraceuticals continues to rise as consumers become more aware of their extensive health benefits. The growing recognition of these products' potential to prevent or delay various health conditions has fueled their popularity. Additionally, nutraceuticals are increasingly favored by individuals looking for natural and alternative solutions to support overall health and well-being.
Information Source: [https://www.fortunebusinessinsights.com/nutraceuticals-market-102530](https://www.fortunebusinessinsights.com/nutraceuticals-market-102530?)
List of the Companies Profiled in the Global Market for Nutraceuticals:
Market Segmentation
The nutraceuticals market is categorized into three primary product types: dietary supplements, functional foods, and functional beverages.
The dietary supplements segment accounted for approximately 19.12% of global market revenue in 2020 and is projected to witness substantial growth. This expansion is driven by companies increasing their production capacities to meet rising consumer demand.
Based on distribution channels, the market is segmented into hypermarkets/supermarkets, convenience stores, online retail, and other channels.