The North American nutraceuticals market is projected to grow at a CAGR of 8.5% during the forecast period. The key factors driving the growth of the market include the shift towards preventive therapies and increasing disposable income. Further, there is an increasing demand for nutraceuticals in North America owing to its increasing medical benefits. Nutraceuticals contain antioxidants, probiotics, and polyunsaturated fatty acids, which help to manage health issues, such as obesity, cardiovascular diseases, cholesterol, and diabetes. Thus, the increasing prevalence of these diseases in the region creates demand for nutraceuticals and hence drive the regional growth of the market.
The North American nutraceuticals market is segmented on the basis of product type and distribution channels. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is projected to hold a significant share in the market owing to the availability and increased awareness about a wide range of functional food in the market.
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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
Market Segmentation
North American Nutraceuticals Market by Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
North American Nutraceuticals Market by Distribution Channel
- Retail & Supermarket
- Online Platform
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Regional Analysis
- US
- Canada
Company Profiles
- Abbott Laboratories Inc. (Abbott Nutrition)
- Overview
- Abbott in Nutraceuticals Landscape
- Recent Developments
- Archer Daniels Midland Co.
- Amway Corp.
- Bactolac Pharmaceuticals, Inc.
- Cargill, Inc.
- DuPont de Nemours, Inc.
- General Mills Inc.
- Innophos Inc.
- Mead Johnson & Co. LLC
- Natrol LLC
- PepsiCo Inc.
- The Hain Celestial Group, Inc.
- The Kraft Heinz Co.
- WR Grace & Co.
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