Dublin, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The "United Kingdom Nutraceuticals Market, By Region, By Competition, Forecast & Opportunities, 2019-2029F" report has been added to ResearchAndMarkets.com's offering.
United Kingdom Nutraceuticals Market was valued at USD 5.55 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.98% through 2029
The rising incidence of chronic disorders, including obesity, diabetes, and cardiovascular diseases is one of the key factors fueling the growth of the nutraceuticals market. Nowadays, consumers prefer clean substitutes that can be identified back to their source and are of high quality. Consumers anticipate brands to be open and honest about the ingredients they employ and whether they are supported by sufficient scientific data and proof. By investing in R&D and innovation, the nutraceutical business is likewise adapting to these changing consumer tastes. For those who require supplementing, items like fish oil, ultra-refined black seed oil, and calcium pills, etc. are starting to emerge as viable options. These supplements can focus on general well-being or specific health conditions.
According to the Food and Drink Federation, the food and drink sector is the single largest employer in the UK manufacturing sector. Around 440,000 people across the UK are employed in jobs associated with food and drink manufacturing and sales. The food and drink sector had an annual turnover of USD 145 billion in 2020. Although millennials and Gen Z consumers are conscious about their health.
As per Nutrition Insights, the Nutraceuticals Market in the UK is estimated to be worth around USD 5.5 billion, while it amounts to USD 358 billion globally. Therefore, they require nutraceuticals that may be incorporated into their daily routine while enabling them to adhere to their regime. To meet this need, the industry is offering supplements in the form of tablets, gummies, chewable, and portable mixes.
London dominates the United Kingdom nutraceuticals market primarily due to its status as a major economic and cultural hub. As the capital city, London attracts significant investment and serves as a focal point for commerce, innovation, and healthcare infrastructure. The concentration of leading pharmaceutical companies, research institutions, and healthcare facilities in London facilitates collaboration, research, and development in the nutraceutical sector. London's diverse population and high consumer demand for health and wellness products contribute to the city's prominence in the nutraceutical market.
The presence of prestigious universities and medical schools also fosters a talent pool of researchers, scientists, and healthcare professionals driving innovation and product development in the nutraceutical industry. Thus, London's strategic advantages in terms of economic influence, innovation ecosystem, and consumer market position it as a leader in the United Kingdom's nutraceuticals market
Customized and Personalized Nutrition
Increasing consumer demand for personalized nutrition plans and supplements tailored to individual health goals and genetic profiles represents a significant driver of innovation within the nutraceutical industry. This trend reflects a broader shift towards proactive health management, where consumers seek customized solutions that address their specific health concerns, dietary preferences, and lifestyle factors. Personalized nutrition is rooted in the understanding that each person's nutritional requirements and health status are unique.
Advances in genetic testing, metabolomics, and nutritional genomics have enabled nutraceutical companies to delve deeper into the intricate interplay between genetics, diet, and health outcomes. By analyzing genetic profiles and biomarkers, personalized nutritionists and healthcare professionals can identify genetic predispositions to certain health conditions and tailor dietary recommendations and supplementation accordingly.
The rise of personalized nutrition plans goes beyond traditional one-size-fits-all approaches to include targeted supplementation with vitamins, minerals, antioxidants, and phytonutrients that support optimal health and well-being. For example, individuals with specific genetic variations associated with impaired nutrient absorption or metabolism may benefit from supplements formulated to enhance bioavailability and compensate for genetic deficiencies.
Natural and Plant-Based Ingredients
The rising preference for natural, plant-based, and vegan-friendly nutraceuticals reflects a broader consumer shift towards sustainable and ethical choices in health and wellness products. This trend is driven by increasing awareness and concerns about environmental sustainability, animal welfare, and the health benefits associated with plant-derived compounds.
Consumers are becoming more conscious of the environmental impact of their dietary and lifestyle choices. Plant-based nutraceuticals are perceived as more sustainable alternatives to animal-derived ingredients, as they typically require fewer natural resources and emit fewer greenhouse gases during production. This aligns with consumers' desire to reduce their carbon footprint and contribute to global efforts towards sustainability.
The ethical considerations surrounding animal welfare play a significant role in shaping consumer preferences. Vegan-friendly nutraceuticals are free from animal-derived ingredients and are produced without animal testing, appealing to individuals who prioritize cruelty-free products and ethical sourcing practices. This ethical stance resonates with consumers who seek products that align with their values of compassion and respect for animal rights.
From a health perspective, plant-based nutraceuticals offer a range of benefits attributed to their rich content of vitamins, minerals, antioxidants, and phytonutrients. These bioactive compounds are recognized for their potential to support immune function, cardiovascular health, cognitive function, and overall well-being. The natural synergy of nutrients found in plants contributes to their perceived health-promoting properties, making them attractive choices for health-conscious consumers seeking holistic wellness solutions.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 84 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $5.55 Billion |
| Forecasted Market Value (USD) by 2029 | $8.36 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | United Kingdom |
Report Scope:
Key Market Players
- Nestle UK Ltd
- Amway (UK) Ltd.
- Vitabiotics Ltd
- Herbalife (U.K.) Limited
- GlaxoSmithKline plc
- Nutraceuticals Group Europe Ltd.
- Rain Nutrience Ltd.
- Novel Nutrients Limited
- Bristol Health Ltd.
- CurePharma (CureLife Ltd)
United Kingdom Nutraceuticals Market, By Application:
- Functional Beverages
- Functional Food
- Dietary Supplements
United Kingdom Nutraceuticals Market, By Form:
- Liquid
- Tablets
- Capsules
- Powder
- Others
United Kingdom Nutraceuticals Market, By Source:
- Plant
- Animal
- Microbial
United Kingdom Nutraceuticals Market, By Distribution Channel:
- Online
- Hypermarkets/Supermarkets
- Pharmacies
- Specialty Stores
United Kingdom Nutraceuticals Market, By Region:
- Scotland
- South-East
- London
- South-West
- East-Anglia
- Yorkshire & Humberside
- East Midlands
For more information about this report visit https://www.researchandmarkets.com/r/4xhhd7
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