The North American nutraceuticals market is projected to grow at a CAGR of 8.5% during the forecast period. The key factors driving the growth of the market include the shift towards preventive therapies and increasing disposable income. Further, there is an increasing demand for nutraceuticals in North America owing to its increasing medical benefits. Nutraceuticals contain antioxidants, probiotics, and polyunsaturated fatty acids, which help to manage health issues, such as obesity, cardiovascular diseases, cholesterol, and diabetes. Thus, the increasing prevalence of these diseases in the region creates demand for nutraceuticals and hence drive the regional growth of the market.

The North American nutraceuticals market is segmented on the basis of product type and distribution channels. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is projected to hold a significant share in the market owing to the availability and increased awareness about a wide range of functional food in the market. 

Based on the distribution channel, the market is segmented into retail & supermarkets and online platform. The online distribution channel tends to exhibit significant growth during the forecast period. Further, the report covers the country-level analysis of the US and Canada.

Some of the prominent players operating in the North American nutraceuticals market include Amway Corp., Archer Daniels Midland Co., Cargill, Inc., W.R. Grace & Co., The Kraft Heinz Co., and The Hain Celestial Group, Inc., among others. These are the key companies adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the North American nutraceuticals market. 

Research Methodology

The market study of the North American nutraceuticals market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report is intended for nutraceuticals market players, functional beverage manufacturers, functional food manufacturers, dietary supplement manufacturers, government organizations, research institutes, regulatory bodies, and other market participants for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. North American Nutraceuticals Market Research and Analysis by Product Type
2. North American Nutraceuticals Market Research and Analysis by Distribution Channel

The Report covers:

• Comprehensive research methodology of the North American nutraceuticals market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American nutraceuticals market.
• Insights about market determinants which are stimulating the North American nutraceuticals market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.