Fairfield Market Research Foresees Nutraceuticals Will be a Trillion-dollar Market in 2030
The global nutraceuticals market is witnessing robust expansion on the back of numerous health benefits of nutraceuticals. Nutraceuticals are considered great for boosting the immune system and maintaining brain and cardiovascular health. Apart from this, consumers are becoming more aware of the convenience, flexibility, and advantages of consuming specific dietary supplements. This in turn is further expected to benefit the market.
Moreover, the recent pandemic has brought back the focus on the significance of a strong immune system. Consequently, stimulating robust growth waves across the nutraceuticals market. The growing emphasis on personalised nutrition further accelerates the demand for nutraceuticals.
Additionally, the expanding sports nutrition sector also aids in the overall market progression of the market. The synergy of these key factors is projected to unlock business opportunities across the global nutraceuticals market. Fairfield Market research predicts an upward growth trajectory for the market. The market is forecasted to hit the valuation of the US$1 Tn mark by 2030, registering a strong CAGR of 9.5% ****ween 2023 and 2030.
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