The Nutraceuticals & Dietary Supplements industry in 2024 is set for significant growth, driven by evolving consumer health consciousness, increased demand for functional foods, and personalized nutrition. As consumers become more proactive in managing their health, there is a marked shift towards plant-based, clean-label, and sustainable products. The rise of gut health innovations, such as prebiotics, probiotics, and fermented foods, is creating new revenue pockets. Additionally, the demand for supplements targeting specific health concerns, such as immune support, cognitive health, and weight management, continues to rise. The market is further bolstered by advancements in technology, like AI-powered personalized nutrition platforms and enhanced production methods. By 2025, the industry is expected to expand with greater integration of digital health solutions, such as virtual consultations and subscription services. Increased regulatory clarity and innovation will shape market dynamics, creating substantial growth opportunities in various segments, from aging solutions to clean-label products.
The objectives of the report on Nutraceuticals & Dietary Supplements industry outlook, 2024 are mentioned as follows:
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To understand the performance of the Nutraceuticals & Dietary Supplements industry in 2024
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Analyze the micro and macroeconomic factors driving the growth of the Nutraceuticals & Dietary Supplements industry in 2024.
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To analyze the top developments and disruptions that took place in 2024
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To understand the key trends that are likely to impact the industry in 2025
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To estimate the performance of the industry at the global level as well as for each of the key regions considered in the report and by sectors/segments
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To identify growth opportunities and provide recommendations for market participants to tap opportunities
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To understand the current state of the Nutraceuticals & Dietary Supplements industry and to gain insights into the shifting consumer preferences within the market
The report will provide a detailed analysis of the Nutraceuticals & Dietary Supplements industry, encompassing statistical data and forecasts for market performance in 2024 and projected growth for 2025. It will include insights into key market segments such as personalized nutrition, functional foods, probiotics, plant-based supplements, and innovations in delivery systems. The report will also explore regional variations and country-specific developments, highlighting key growth areas.
The study will focus on pivotal trends expected to shape the industry in 2024, including advancements in personalized nutrition driven by genetic profiling, increasing consumer demand for plant-based and clean-label products, and the growth of gut health solutions. There will be a strong emphasis on new delivery formats, such as soft gels, gummies, and functional beverages, which cater to evolving consumer preferences.
Key trends to be examined include:
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Increased focus on immunity-boosting supplements driven by ongoing health concerns.
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Growth in the use of plant-based ingredients due to sustainability concerns and dietary shifts.
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Adoption of AI and data analytics for personalized supplement recommendations and optimized formulations.
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Expansion of the market for mental health and cognitive function supplements, reflecting rising awareness about mental well-being.
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Personalized nutrition is driven by advancements in genetic testing and tailored solutions.
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Regulatory shifts around clean-label claims and sustainability in sourcing and manufacturing.
The report will also discuss how innovations in ingredients and formulations, as well as changes in consumer behavior, will drive growth in the sector. By leveraging historical performance and emerging trends, the report will forecast market growth in 2024 and provide a strategic outlook for the Nutraceuticals & Dietary Supplements industry’s future trajectory.
Scope
The base year considered in the report is 2024, and 2025 is the forecast year. The geographical scope includes North America, Europe, Asia Pacific, and Rest of the world.
Research Methodology
The research methodology involves three key components: (a) secondary research, incorporating historical data from MarketsandMarkets (MnM) reports and Knowledge Store, market data gathered from various associations, industry bodies, and third-party databases across regions, and the extraction of key trends, market drivers, and restraints from various industry articles, reports, and journals; (b) Expert Opinions, entailing interviews with key experts to collect insights on key trends, their impact, market drivers and restraints, and industry performance; and (c) MarketsandMarkets (MnM) Analysis. MnM consultants and analysts, with a combined experience exceeding 100 years, continually monitor the industry, regions, sectors, and players. This ongoing surveillance, coupled with existing market knowledge, forms the basis for analysis and market forecasting.
Who should be interested in the report?
This report is essential for stakeholders across the Nutraceuticals & Dietary Supplements ecosystem. It is particularly relevant for product manufacturers, ingredient suppliers, retailers, marketers, and distributors. The report provides valuable insights for teams focused on product innovation, marketing strategies, regulatory compliance, consumer health trends, and business development. Additionally, it is useful for industry professionals involved in R&D, strategic planning, and market expansion in regions with growing demand for nutraceuticals and dietary supplements.
Growth opportunities and latent adjacency in Nutraceuticals & Dietary Supplements Industry Outlook (2024-2025)