Nutraceuticals Market to Surpass USD 437650.0 Million

New York, US, Oct. 25, 2022 (GLOBE NEWSWIRE) — Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Nutraceuticals Market Information by Type, Source, Form, Distribution Channel, and Region- Forecast till 2030”, the market is estimated to acquire a size of over USD 43765 Million by the end of 2030. The report further predicts the market to thrive at a healthy CAGR of over 7.90% during the review timeframe.

Market Synopsis

Nutraceuticals can target the pathophysiology of metabolic disorders and their accompanying complications to produce various biochemical and clinical effects. Multivitamins are only one of the nutraceutical items that are increasingly important to the consumer’s lifestyle. The need for nutraceuticals is being driven by the rising desire for items that will benefit general health. In several nations worldwide, there are more people with metabolic problems. Nutraceuticals are items that fall under the food category but also have medical uses. Given that they are created using food and food extracts, they are also referred to as bioceuticals. Nutraceutical products come in various varieties and are used for various purposes.

These goods are unregulated in many regions of the world because they are viewed as food additives or supplements. Products made with nutraceuticals are in high demand. The growing knowledge of the health advantages associated with the intake of nutraceuticals and Nutraceutical supplements is the main driver of the increase in demand for these products. Additionally, it is anticipated that increased athlete participation in sports at the national and international levels will raise demand for functional beverages. The market for functional foods is expanding primarily due to an urbanizing population, rising health care cost, and an increase in disorders associated with obesity, chronic disease, and the cardiovascular system. Omega fatty acid is abundant in…