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The nutraceuticals market size is forecast to increase by USD 279.80 billion between 2023 and 2028, accelerating at a CAGR of 9.58%. The nutraceuticals market experiences significant growth due to escalating medical expenses and the increasing number of health-conscious consumers. This trend is driven by the rising demand for nutraceutical ingredients, which offer medical benefits. However, market expansion encounters challenges, including the high cost of these products. The manufacturing process of nutraceuticals is time-consuming, contributing to increased production costs. Furthermore, there is a lack of awareness among the aging population regarding the benefits of nutraceuticals, which may hinder market penetration. Despite these challenges, the market continues to expand, fueled by advancements in technology and research and growing focus on health and wellness, which aim to reduce production costs and improve product accessibility.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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