UK Nutraceuticals Market to Witness Astonishing Growth by 2031

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.

To Request a Sample of our Report on UK Nutraceuticals Market:  https://www.omrglobal.com/request-sample/uk-nutraceuticals-market

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

A full report of UK Nutraceuticals Market available @ https://www.omrglobal.com/industry-reports/uk-nutraceuticals-market

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.

Reasons to buy from us –

  • We cover more than 15 major industries, further segmented into more than 90 sectors.
  • More than 120 countries are for analysis.
  • Over 100+ paid data sources mined for investigation.
  • Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/uk-nutraceuticals-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404