The global nutraceuticals market is expected to grow at a CAGR of 9.07% and reach $446.35B in 2027, according to a report by Research & Markets.
This can be attributed to the growing prevalence of various problems such as obesity, diabetes, cardiovascular diseases, malnutrition among others. Nutraceuticals can be used to manage these issues. This in turn is expected to positively influence the market growth during the forecast period.
Additionally, growing healthcare awareness among the population worldwide and the need for maintaining a healthy lifestyle is further expected to support the market growth in the coming years. Healthcare awareness has highlighted the importance of preventive health care among the consumers thereby has significantly increased the demand for nutraceuticals.