The UK nutraceuticals market is projected to grow at a CAGR of 6.8% during the forecast period. The key factors that drive the growth of the market include high per capita income, awareness related to health, high prevalence of chronic diseases, and easy availability of nutraceuticals. Besides, the presence of the key players providing a wide variety of products also supports the market growth. For instance, In November 2020, Unilever Plc acquired SmartyPants Vitamins, which is engaged in providing supplements made from premium ingredients to support the wellbeing requirements of children and adults. Unilever Plc will support the growth of SmartyPants Vitamins through this acquisition.
UK nutraceuticals market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is likely to hold a key share in the market. Functional foods include probiotics fortified food, iodized salt, omega fatty acid-based foods, and many others. Based on the distribution channel, the market is segmented as retail & supermarkets, and online platform. The online platform segment is likely to grow significantly during the forecast period. Owing to the rising trend towards online shopping owing to the convenience and busy lifestyle of consumers. Selling supplements with their website over-relying on food-drug mass (FDM) outlets and e-tail websites offer the freedom to tailor the user experience.
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Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
UK Nutraceuticals Market Segmentation
By Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
UK Nutraceuticals Market by Distribution Channel
- Retail & Super Markets
- Online Platform
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Company Profiles
- Abbott Laboratories Inc. (Abbott Nutrition)
- Amway Corp.
- Archer Daniels Midland Co.
- Arkopharma Laboratories SA
- BASF SE
- Cargill, Inc.
- Danone SA
- EI do Pont de Nemours and Co.
- General Mills Inc.
- Herbalife Ltd.
- Nestle SA
- PepsiCo Inc.
- Royal DSM NV
- The Hain Celestial Group, Inc.
- The Kraft Heinz Co.
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