The UK nutraceuticals market is projected to grow at a CAGR of 6.8% during the forecast period. The key factors that drive the growth of the market include high per capita income, awareness related to health, high prevalence of chronic diseases, and easy availability of nutraceuticals. Besides, the presence of the key players providing a wide variety of products also supports the market growth. For instance, In November 2020, Unilever Plc acquired SmartyPants Vitamins, which is engaged in providing supplements made from premium ingredients to support the wellbeing requirements of children and adults. Unilever Plc will support the growth of SmartyPants Vitamins through this acquisition. 

UK nutraceuticals market is segmented on the basis of product type and distribution channel. Based on the product type, the market is segmented into functional food, functional beverage, and dietary supplements. The functional food segment is likely to hold a key share in the market. Functional foods include probiotics fortified food, iodized salt, omega fatty acid-based foods, and many others. Based on the distribution channel, the market is segmented as retail & supermarkets, and online platform. The online platform segment is likely to grow significantly during the forecast period. Owing to the rising trend towards online shopping owing to the convenience and busy lifestyle of consumers. Selling supplements with their website over-relying on food-drug mass (FDM) outlets and e-tail websites offer the freedom to tailor the user experience.

Further, Amway Corp., Archer Daniels Midland Co., BASF SE, Cargill, Inc., Danone SA, Herbalife Ltd., Mead Johnson Nutrition Co., Nestle SA, and The Hain Celestial Group, Inc. are some of the prominent players operating in the UK nutraceuticals market. New product launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players in order to sustain in the highly competitive market. 

Research Methodology

The market study of the UK 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 into 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. UK Nutraceuticals Market Research and Analysis by Product Type
2. UK Nutraceuticals Market Research and Analysis by Distribution Channel

The Report covers:

• Comprehensive research methodology of the UK 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 UK nutraceuticals market.
• Insights about market determinants that are stimulating the UK nutraceuticals market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market players.