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.
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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 – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- 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
UK Nutraceuticals Market by Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
UK Nutraceuticals Market by Distribution Channel
- Retail & Super Markets
- Online Platform
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.
The Report covers:
- Comprehensive research methodology of the UK nutraceuticals market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK nutraceuticals market.
- Insights about market determinants that are stimulating the UK nutraceuticals market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of the market players.
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