The US nutraceuticals market is projected to grow at a CAGR of 8.5% during the forecast period. The shift towards preventive therapies and increasing disposable income tend to drive the growth of the market. Further, the increasing demand for nutraceuticals in the US owing to its increasing medical benefits drives market growth. Moreover, owing to the recent COVID-19 pandemic, the dietary supplements industry has seen a surge among consumers in the market in order to boost immunity. This surge in the dietary supplements in the country tends to drive the overall nutraceuticals market in the country.
The US 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. Based on the distribution channel, the market is segmented into retail & supermarkets and online platform. The online distribution channel tends to exhibit significant growth during the forecast period.
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US Nutraceuticals Market Segmentation
By Product Type
- Functional Food
- Functional Beverage
- Dietary Supplements
By Distribution Channel
- Retail & Supermarket
- Online Platform
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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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