The Nutraceutical Products Market is anticipated to experience a remarkable Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2030, propelling its valuation to an impressive $691.87 billion by the end of the forecast period. This surge is indicative of the burgeoning demand for nutrition-enriched products, a spike in functional beverage preferences, a rising geriatric population grappling with chronic diseases, and a surge in innovative product developments. While this trajectory promises substantial growth, it is not without challenges, with the high cost of nutraceutical products emerging as a potential growth deterrent.
Top 10 Companies Paving the Way in the Nutraceutical Products Market https://meticulousblog.org/top-10-companies-in-nutraceutical-products-market/
Abbott Laboratories (U.S.)
Established in 1888 and headquartered in Illinois, U.S., Abbott Laboratories stands at the forefront of healthcare product development. Operating in the nutraceutical market through its Nutritionals segment, Abbott offers a diverse range of products under brands like EleCare, Ensure, Glucerna, and Similac, among others.
Amway Corporation (U.S.)
Founded in 1959, Amway is a pioneer in multilevel marketing, with business segments spanning Nutrition, Beauty, Home, and Adventure (Energy + Sport). The Nutrition segment showcases Amway's commitment to providing high-quality nutraceutical products.
Conagra Brands, Inc. (U.S.)
Since its inception in 1919, Conagra Brands has been a powerhouse in the processed and packaged foods sector. With segments like Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice, the company delivers nutritional products through an extensive brand portfolio including Healthy Choice, Marie Callender's, and Libby's.
Danone S.A. (France)
With roots tracing back to 1919, Danone is a global player in dairy and nutritional products. Operating through Essential Dairy and Plant-based, Specialized Nutrition, and Waters segments, Danone's offerings include yogurt, bottled water, and specialized food for various demographics.
General Mills Inc (U.S.)
Founded in 1928, General Mills boasts a rich history in the consumer foods industry. The company's North America Retail, International, Pet, and North America Foodservice segments collectively contribute to its robust nutritional product offerings, including well-known brands like Cheerios, Yoplait, and Nature Valley.
Glanbia plc (Ireland)
Established in 1997, Glanbia specializes in nutritious products, with business segments in Performance Nutrition and Glanbia Nutritionals. Its diverse product portfolio spans protein bars, buttercream, beverages, cheese, dairy products, vitamins, and grains & seeds.
Herbalife Nutrition, Ltd (U.S.)
Since 1980, Herbalife Nutrition has been a key player in weight management and nutritional products. Categorized into five groups, its products encompass Meal Replacement, Protein Snacks, Tea Aloe Products, Nutritional Supplements, and Herbalife24 Sports Nutrition.
International Flavours & Fragrances Inc. (U.S.)
Founded in 1958, IFF operates in food, beverage, health, biosciences, and sensory experiences. Its Health & Biosciences and Nourish segments contribute to the provision of nutraceutical products.
Kellogg Company (U.S.)
Operating since 1906, Kellogg Company focuses on ready-to-eat cereals and convenience foods. With segments like Snacks, Cereal, Frozen, and Noodles & Other, Kellogg's product range includes crackers, cereal bars, granola bars, and frozen foods.
Nestlé S.A. (Switzerland)
Established in 1866, Nestlé is a global giant in the food industry, operating through seven business segments. With an extensive product line, Nestlé offers functional food and beverages through brands such as Gerber, Nesquik, and BOOST.
Additional Notable Mentions: PepsiCo, Inc. (U.S.), The Coca-Cola Company (U.S.), Hearthside Food Solutions LLC (U.S.), Mars Incorporated (U.S.), Meiji Holdings Co., Ltd. (Japan), and Royal FrieslandCampina N.V. (Netherlands).
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