Australia Nutraceuticals Market

Australia Nutraceuticals Market by Product Types (Functional Foods [Cereals, Bakery and Confectionery, Dairy, Snacks, and Others], Functional Beverages [Energy Drinks, Sports Drinks, Fortified Juice, Dairy and Dairy Alternative Beverages, and Others), and Dietary Supplements [Vitamins, Minerals, Botanicals, Enzymes, Fatty Acids, Proteins, and Others]), and Distribution Channels (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, and Online Retail Stores) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: FB-4130
  • Author: Growth Market Reports
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  • No. Of Pages: 221
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The Australia nutraceuticals market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the growing preference for personalized nutrition.


Australia Nutraceuticals Market summary

Nutraceuticals are items derived from food sources that provide health advantages and extra nourishment to the human body. They are commonly available in dairy-based concentrates, confectionery fruit and vegetable juice, energy drink, and snack bar variants. They are rich source of various nutrients, such as vitamins, minerals, antioxidants, zinc, and calcium, which improve the overall health of consumers.

Nutraceuticals are widely used to delay aging, improve health, prevent chronic diseases, increase life expectancy and increase metabolism. They also assist in combating various chronic medical ailments, such as allergies, high cholesterol levels, hypertension, obesity, heart disease, cancer, osteoporosis, and diabetes. Nutraceuticals are widely available in the form of capsules, powder, liquid tablets, soft gels, and gummies. They are widely consumed due to their enhanced safety, efficacy, purity, health promotion, and disease curing activities. In comparison to the traditionally used pharmaceuticals, nutraceutical products are natural and have improved physiological benefits with minimal or no side effects.

Market Trends, Drivers, Restraints and Opportunities

  • Rising awareness regarding calorie reduction and weight loss is one of the key factors fueling the market.
  • Rising demand for nutraceuticals with medical benefits is estimated to positively influence the market growth during the forecast period.
  • Rapid urbanization and the increment in mindfulness about health advantages related to organic products is expected to contribute to the growth of the market during the forecast period.
  • Growing geriatric population is estimated to accelerate the growth of the market.
  • Lack of proper government regulations the major factors that can hamper the market growth in the coming years.
  • Increasing demand for functional food and beverages is expected to contribute to the market.

Scope of the Report

The report on the Australia nutraceuticals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Nutraceuticals Market - Australia Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Functional Foods [Cereal, Bakery and Confectionery, Dairy, Snacks and Others], Functional Beverages [Energy Drinks, Sports Drinks, Fortified Juice, Dairy and Dairy Alternative Beverages, and Others) and Dietary Supplements [Vitamins, Minerals, Botanicals, Enzymes, Fatty Acids, Proteins, and Others]), and Distribution Channels (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Drug Stores/Pharmacies, and Online Retail Stores)

Country Scope

Australia

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Amway Australia;  Kellogg Australia Pty. Ltd; Herbalife Australia; General Mills Australia Pty. Ltd; and Nestle Australia Ltd.

Market Segment Insights

Dietary supplements segment is expected to expand at a rapid pace

Based on product types, the market is divided into functional foods, functional beverages and dietary supplements. The functional foods is further classified as cereal, bakery and confectionery, dairy, snacks and others. The functional beverages is further classified as energy drinks, sports drinks, fortified juice, dairy and dairy alternative beverages, and others. The dietary supplements segment is further segmented into vitamins, minerals, botanicals, enzymes, fatty acids, proteins, and others. The dietary supplements segment is expected to grow at a rapid pace during the forecast period owing to suitable demographics, such increasing aging population and costs of healthcare and preference for dietary supplements.


Australia Nutraceuticals Market product types

Online stores segment is anticipated to constitute a key market share

On the basis of distribution channels, the Australia nutraceuticals market is categorized as specialty stores, supermarkets/hypermarkets, convenience stores, drug stores/pharmacies, and online retail stores. The online stores segment is projected to expand at a considerable CAGR during the forecast period. Online stores attributes to ease of shopping from a remote location. An online stores provides advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility.


Australia Nutraceuticals Market distribution channels

Segments

Segments Covered in the report
Australia nutraceuticals market has been segmented on the basis of 
Product Types

  • Functional Foods
    • Cereals
    • Bakery and Confectionery
    • Dairy
    • Snacks
    • Others
  • Functional Beverages
    • Energy Drinks
    • Sports Drinks
    • Fortified Juice
    • Dairy and Dairy Alternative Beverages
  • Dietary Supplements
    • Vitamins
    • Minerals
    • Botanicals
    • Enzymes
    • Fatty Acids
    • Proteins
    • Others

Distribution Channels

  • Specialty Stores
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Drug Stores/Pharmacies
  • Online Retail Stores

Country

  • Australia

Key Players

  • Amway Australia.
  • Herbalife Australia
  • Kellogg (Aust.) Pty. Ltd.
  • Nestle Australia Ltd.
  • General Mills Australia Pty. Ltd.

Competitive Landscape

Key players in the Australia nutraceuticals market are Amway Australia; Kellogg Australia Pty. Ltd; Herbalife Australia; General Mills Australia Pty. Ltd; and Nestle Australia Ltd.

Australia Nutraceuticals Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Nutraceuticals Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Nutraceuticals Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Nutraceuticals Market - Supply Chain
  4.5. Global Nutraceuticals Market Forecast
     4.5.1. Nutraceuticals Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Nutraceuticals Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Nutraceuticals Market Absolute $ Opportunity
5. Global Nutraceuticals Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Nutraceuticals Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Nutraceuticals Demand Share Forecast, 2019-2026
6. North America Nutraceuticals Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Nutraceuticals Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Nutraceuticals Demand Share Forecast, 2019-2026
7. Latin America Nutraceuticals Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Nutraceuticals Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Nutraceuticals Demand Share Forecast, 2019-2026
8. Europe Nutraceuticals Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Nutraceuticals Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Nutraceuticals Demand Share Forecast, 2019-2026
9. Asia Pacific Nutraceuticals Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Nutraceuticals Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Nutraceuticals Demand Share Forecast, 2019-2026
10. Middle East & Africa Nutraceuticals Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Nutraceuticals Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Nutraceuticals Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Nutraceuticals Market: Market Share Analysis
  11.2. Nutraceuticals Distributors and Customers
  11.3. Nutraceuticals Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Amway Australia.
     11.4.2. Herbalife Australia
     11.4.3. Kellogg (Aust.) Pty. Ltd.
     11.4.4. Nestle Australia Ltd.
     11.4.5. General Mills Australia Pty. Ltd.

Segments Covered in the report
Australia nutraceuticals market has been segmented on the basis of 
Product Types

  • Functional Foods
    • Cereals
    • Bakery and Confectionery
    • Dairy
    • Snacks
    • Others
  • Functional Beverages
    • Energy Drinks
    • Sports Drinks
    • Fortified Juice
    • Dairy and Dairy Alternative Beverages
  • Dietary Supplements
    • Vitamins
    • Minerals
    • Botanicals
    • Enzymes
    • Fatty Acids
    • Proteins
    • Others

Distribution Channels

  • Specialty Stores
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Drug Stores/Pharmacies
  • Online Retail Stores

Country

  • Australia

Key Players

  • Amway Australia.
  • Herbalife Australia
  • Kellogg (Aust.) Pty. Ltd.
  • Nestle Australia Ltd.
  • General Mills Australia Pty. Ltd.

Key players in the Australia nutraceuticals market are Amway Australia; Kellogg Australia Pty. Ltd; Herbalife Australia; General Mills Australia Pty. Ltd; and Nestle Australia Ltd.

Australia Nutraceuticals Market keyplayers

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