Nutraceutical Market: Global Industry Analysis and Forecast (2022-2029)

Mayurikathade23 Mar, 2023Business

Nutraceutical Market size was valued at US$ 173.88 Bn. in 2021 and the total Nutraceutical revenue is expected to grow at 7.2% from 2022 to 2029, reaching nearly US$ 303.25 Bn. Nutraceutical Market Overview: The terminology of nutraceuticals and associated items varies according to the source. These goods can be classed according to their natural origins, pharmaceutical conditions, and chemical composition. Nutraceuticals are often classified into four categories: dietary supplements, functional foods, medical foods, and pharmaceuticals. Nutraceuticals have sparked tremendous attention in recent years because of their prospective nutritional, safety, and medicinal impacts.