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Global Nutraceuticals Market to Reach $441.7 Billion by 2026

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New York, Oct. 14, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Nutraceuticals Industry” – https://www.reportlinker.com/p05436885/?utm_source=GNW
A nutraceutical can also be defined as a food that impacts positively on an individual`s health, physical performance or state of mind, in addition to its nutrition content. Thus a nutraceutical is a product with a functional ingredient that provides specific nutritional benefit. Amid the COVID-19 crisis, the global market for Nutraceuticals estimated at US$278.8 Billion in the year 2020, is projected to reach a revised size of US$441.7 Billion by 2026, growing at a CAGR of 7.8% over the analysis period. Functional Foods, one of the segments analyzed in the report, is projected to grow at a 7.8% CAGR to reach US$217.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Functional Beverages segment is readjusted to a revised 8.6% CAGR for the next 7-year period. This segment currently accounts for a 35.2% share of the global Nutraceuticals market.

The U.S. Market is Estimated at $104.5 Billion in 2021, While China is Forecast to Reach $52.5 Billion by 2026

The Nutraceuticals market in the U.S. is estimated at US$104.5 Billion in the year 2021. The country currently accounts for a 34.57% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$52.5 Billion in the year 2026 trailing a CAGR of 9.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR while Rest of European market (as defined in the study) will reach US$56.6 Billion by the close of the analysis period.

Nutraceuticals are garnering immense attention in recent years due to various trends including changing lifestyles, burgeoning middle-class segment across emerging economies, transforming dietary habits, aging population, and increased life expectancy. In addition, the focus of R&D based pharmaceutical sector on expensive specialty drugs is increasing the burden on the healthcare system as well as resulting in higher out-of-pocket costs for drugs driving the focus on prevention than intervention. The self-care trend across the world is driving strong demand for nutraceuticals including superfoods, food and dietary supplements, sports nutrition, and functional foods & beverages. Given the hectic lifestyles and the lack of time for consumption of the required nutrients through regular diet, the need for replenishing such essential nutrients is increasing. In this context, nutraceuticals are emerging to be the solution for meeting this requirement. Nutraceuticals are considered to be the vital link between health and food.

The market is also experiencing strong demand for personalized approaches to wellness that is driving product innovation in the areas of weight management, sports nutrition, and healthy snacking. Other noteworthy trends benefiting market prospects in the near term include emergence of clean labeling as a new norm owing to increasing focus of consumers on ingredient list on the product; innovative delivery technologies such as microencapsulation, which protects the product from adverse conditions such as light and air; steady proliferation of advanced dietary supplement technologies in their nanoparticle and nanodispersion versions; and the rising role of pharmaceutical players, with leading companies maintaining stake in functional food & beverage and dietary supplement brands aligning with their healthcare-consumer interests.

Dietary Supplements Segment to Reach $74.8 Billion by 2026

Dietary supplements are consumed for many reasons, including nutrition enhancement, to fill the deficit for nutrients missing in the regular diet, to improve resistance against diseases, and to enhance the energy and performance levels. In general, dietary supplements are used to maintain good health and ensure overall well-being. The market is mainly driven by scientific evidences proving supplements to be rich in certain nutrients with a reduced risk of particular diseases. Consumers find dietary supplements as alternatives to conventional medical therapies. In the global Dietary Supplements segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$41.4 Billion in the year 2020 will reach a projected size of US$62 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7 Billion by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.
Select Competitors (Total 283 Featured)

  • Abbott Nutrition
  • Amway Corporation
  • ARKOPHARMA Laboratories
  • BASF SE
  • Bayer Healthcare AG
  • CytoSport, Inc.
  • Danone SA
  • Glanbia Nutritionals Limited
  • Glanbia Plc
  • GlaxoSmithKline Plc
  • Herbalife International, Inc.
  • Kirkman Group, Inc.
  • Mead Johnson Nutrition Company
  • Meiji Holdings Co., Ltd.
  • Natrol, LLC
  • Natural Products, Inc.
  • Nestlé S.A.
  • Nutraceutical Corporation
  • Otsuka Pharmaceutical Co., Ltd.
  • PepsiCo Inc.
  • Pharmavite® LLC
  • Red Bull GmbH
  • Rockstar Inc.
  • Seven Seas Ltd.
  • Suntory Holdings Limited
  • The Coca-Cola Co.
  • The Nature`s Bounty Co.
  • Yakult Honsha Co., Ltd.

Read the full report: https://www.reportlinker.com/p05436885/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Recession
2020 Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
COVID-19 Pandemic Leads to Increased Consumer Focus on Health
and Wellness Products
Pandemic Sends Functional Foods Cruising Down a New Road of
Opportunity
An Introduction to Nutraceuticals
Dietary Supplements
Functional Foods and Beverages
Nutraceuticals: Functional Foods and Dietary Supplements for
Active, Aging, and Connected Consumers
Global Nutraceuticals Market: Fast Facts
Developed Regions Dominate Nutraceutical Sales
Developing Economies to Spearhead Long-term Growth
Competition
Pharmaceutical and Food Companies Play a Growing Role in
Nutraceutical Market
Pharma Companies Strive for Success in the Nutrition Business
Insight into Nutraceuticals Manufacturing Trends across the World
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Notable Trends Transforming the Global Nutraceuticals Market
Growing Focus on Healthy Lifestyles Amidst the Ongoing Pandemic
Drives Focus onto Functional Foods
Key Health Benefits of Functional Foods
Natural Attribute of Functional Foods Drives their Popularity
over Dietary Supplements
Growing Focus on Health & Fitness Drives Demand for Functional
Sports Energy Drinks
EXHIBIT 2: Global Functional Beverages Market Breakdown (in %)
by Type: 2020
EXHIBIT 3: Number of Health and Fitness Clubs Worldwide
(in Thousands): 2009-2019
Growing Consumer Emphasis on Combating Various Diet-Related
Health Issues Drives Demand for Dietary Supplements
Innovation Blurs the Line Between Supplements and Foods
Supplementing Vitamins and Minerals Deficiencies to Fuel Market
Demand
Market Benefits from the Rising Awareness about Advantages of
Supplements in Enhancing Health and Wellbeing
Sports Nutrition Supplements Gain Immense Popularity
Social Media?s Impact on Fitness and Healthy Lifestyles Drives
Consumers Towards Supplementation
Personalization and E-Commerce Trend Gain Prominence in the
Vitamins & Dietary Supplements Market
Emergence of Nutritional Psychiatry Signal Opportunities for
Mineral Supplements
Ineffectiveness of Antibiotics Shifts Consumer Attention to
Dietary Supplements
Minerals Continue to Gain Significance in Nutraceuticals Market
Rising Uptake of Amino Acid-Based Dietary Supplements
Noteworthy Trends in Dietary Supplements
Regulatory Overview
Probiotics: A Step in the Right Direction towards Better
Nutraceuticals
Dairy Products: The Most Popular Probiotic Delivery Vehicle
Probiotic Supplements Poised for High Gains
EXHIBIT 4: Global Market for Digestive Health Food & Drinks by
Ingredients (in %): 2020
Prebiotics: An Important Ingredient Promoting Gut Health, Brain
Health, and Immunity
Growing Role of Prebiotic Ingredients in Functional Foods
Manufacturers of Prebiotic Ingredients See Major Opportunities
in the Post-COVID-19 World
Personalization and Semi-Personalization of Nutrition and
Supplements: The Next Big Thing in Nutraceuticals
Rising Cognitive, Mobility, and Cardiovascular or
Gastrointestinal Health Needs of Expanding Aging Population:
A Weighty Growth Driver
EXHIBIT 5: Global Aging Population Statistics for the 65+ Age
Group in Million by Geographic Region for the Years 2019,
2025, 2035 and 2050
EXHIBIT 6: Elderly Population (65+ Years) as a % of Total
Population by Developed, Less Developed and Least Developed
Regions: 2019 & 2030
Omega-3 Supplementation Essential for Maintaining Cognitive
Function in Older People
Increasing Prevalence of Chronic & Lifestyle Diseases Enhances
Consumer Spending on Nutraceuticals
Role of Nutraceuticals in Cholesterol Control
EXHIBIT 7: Global Annual Medical Cost of CVD in US$ Billion:
2010, 2015, 2020, 2025 and 2030
EXHIBIT 8: Fatalities by Heart Conditions: Percentage Breakdown
by Cardiovascular Disease, Ischemic Heart Disease, Stroke, and
Others
Rising Diabetes Prevalence Drives Demand for Nutraceuticals
EXHIBIT 9: World Diabetes and Population Statistics (2019, 2030 &
2045)
Popular Functional Foods with Bioactive Compounds for Diabetics
Increasing Cancer Incidence: Focus on Functional Foods
EXHIBIT 10: Global Cancer Incidence: Number of New Cancer Cases
in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
Increasing Healthcare Costs and the Resulting Need for
Preventive Medication Lends Traction to Market Growth
EXHIBIT 11: World Healthcare Expenditure (In US$ Trillion) for
the Years for 2017, 2019, 2021 and 2023
EXHIBIT 12: Healthcare Expenditure as a % of GDP by Region for
2019
EXHIBIT 13: Elderly Healthcare Expenditure as a % of GDP in the
US, Europe and Japan for 1970, 2010 and 2050
Omega-3 and Other Marine Bioactive Molecules Drive Demand for
Marine Nutraceuticals
Major Marine Bioactive Molecules: Brief Details of Sources,
Applications and Health Benefits
Health Benefits of Omega-3 Fatty Acids Drive Demand in
Supplements and Functional Foods
EXHIBIT 14: Global Omega-3 Fatty Acids Ingredients Market
Breakdown of Value Sales by Application (2020)
Omega 3 Rich Fish Oil Pills: Most Effective Functional Food for
Heart Health
Growing Prominence of Functional Foods and Dietary Supplements
in Weight Management Augurs Well for the Market
EXHIBIT 15: Obesity Prevalence Rate (%) in Select Countries for
the Years 2019 and 2030P
EXHIBIT 16: Average Per Capita Annual Health Expenditure (In
US$) due to Obesity by Country
Key Nutraceuticals for Weight Management
Medicinal Mushrooms Gain Foothold in Nutraceutical Applications
Nanoencapsulation Improves Delivery and Bioavailability of
Nutraceuticals
Growing Role of Nutraceutical Spices
Nutraceuticals Make Inroads into the Beauty Products Market
Focus of Women on Healthy Living Benefits Market Expansion
Women Emerge as Major Consumers of Dietary Supplements
Millennials? Focus on Health, Fitness, Nutrition, and
Convenience Drive Robust Demand for Nutraceuticals
EXHIBIT 17: Global Millennials Population Spread by Region: 2019
EXHIBIT 18: Millennial Population as a Percentage (%) of Total
Population in Select Countries: 2019
Consumers Acknowledge Benefits of Nutricosmetics
Digital Eyestrain and Other Vision Related Concerns Underline
Significance of Eye Health Nutraceuticals
Rise of Skincare Nutraceuticals
Nutraceutical Innovations & Advancements Boost Market Growth
Hyper-Functional Beverages
Evidence-based Nutraceuticals
Artificial Intelligence Influences Nutraceuticals Market
Nutraceuticals to Develop as Science-driven Industry
Manufacturers Innovate on Delivery Formats to Attract New
Consumers
Digital Marketing Opens up New Avenues of Growth for Market
Participants
E-Commerce Emerges as a Key Distribution Channel for
Nutraceuticals
Macro Factors and Demographic Trends Present Growth Opportunities
Ballooning Global Population
EXHIBIT 19: World Population (in Thousands) by Geographic
Region for the Years 2019, 2030, 2050, and 2100
Urbanization Trend
EXHIBIT 20: World Urban Population in Thousands: 1950-2050P
Burgeoning Middle Class Population
EXHIBIT 21: Global Middle Class Population (In Million) by
Region for the Years 2020, 2025 and 2030
EXHIBIT 22: Global Middle Class Spending (US$ Trillion) by
Region for the Years 2020, 2025, and 2030
Issues Confronting the Nutraceuticals Market
Product Safety Issues
Non-Uniform Regulatory Environment
Poor Awareness Pertaining to Impact of Nutrition on Health
Higher Product Costs

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Nutraceuticals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 2: World Historic Review for Nutraceuticals by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Million for Years 2012 through 2019 and
% CAGR

Table 3: World 15-Year Perspective for Nutraceuticals by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for Functional Foods
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Functional Foods by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Functional Foods by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for Functional
Beverages by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Functional Beverages by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Functional Beverages by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Dietary
Supplements by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Dietary Supplements by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Dietary Supplements by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for Supermarkets /
Hypermarkets by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Supermarkets / Hypermarkets
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Supermarkets /
Hypermarkets by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2012, 2021 & 2027

Table 16: World Current & Future Analysis for Convenience
Stores by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Convenience Stores by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Convenience Stores by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Other
Distribution Channels by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Other Distribution Channels
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Other Distribution
Channels by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2012, 2021 &
2027

III. MARKET ANALYSIS

UNITED STATES
COVID-19 Outbreak Triggers Interest in Immunity Boosting Diet
Changing Consumer Perceptions about Health and Wellness in the
US to Benefit Market
COVID-19 Drives Demand for Snacks, Focus on Healthy Eating Rises
Restaurants and Brands Focus on Innovation to Remain Relevant
during Pandemic
Nutraceuticals Market Benefits from the Growing Awareness about
Health and Wellness
Functional Foods Market Benefits from Aging Population &
Growing Focus on Health & Wellness
Rise in Popularity of Healthy Functional Beverages
Baby Boom Opens New Window of Opportunity for Functional Foods &
Drinks for Kid?s Health
Rise in Demand for Products that Promote Gut and Digestive Health
Dietary Supplements Usage Continues to Grow
EXHIBIT 23: US Dietary Supplements Market Breakdown by Product
(in %) for 2020
Wide Range of Product Availability with Research-Supported
Effectiveness Drive Demand for Supplements
Self-Medication and Preventive Healthcare Trends Lend Traction
to Market Growth
Nutraceutical Solutions for Joint Health: Addressing a Major
Health Concern
Self-Treatment of Joint Pain to Drive US Glucosamine
Supplements Market
Noteworthy Trends in the US Nutraceuticals and Dietary
Supplements Market
Aging Population: A Prime Target for Nutraceutical Companies
EXHIBIT 24: US Population by Age Group (in %) for 2018, 2030 &
2050
EXHIBIT 25: North American Aging Population (in Thousands) by
Age Group: 1975-2050
Women: A Crucial Customer Base
Distribution Channels
Market Analytics
Table 22: USA Current & Future Analysis for Nutraceuticals by
Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 23: USA Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 24: USA 15-Year Perspective for Nutraceuticals by Product
Type – Percentage Breakdown of Value Sales for Functional
Foods, Functional Beverages and Dietary Supplements for the
Years 2012, 2021 & 2027

Table 25: USA Current & Future Analysis for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 26: USA Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 27: USA 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

CANADA
Health & Wellness Trend Drives Functional Foods Market
Advancements in Food and Nutrition Technologies Sustain Growth
in the Nutraceuticals Market
Functional Foods & Beverages Witness Steady Rise in Demand
Market Analytics
Table 28: Canada Current & Future Analysis for Nutraceuticals
by Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 29: Canada Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 30: Canada 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 31: Canada Current & Future Analysis for Nutraceuticals
by Distribution Channel – Supermarkets / Hypermarkets,
Convenience Stores and Other Distribution Channels –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 32: Canada Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 33: Canada 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

JAPAN
Japan: A Promising Market for Health & Wellness Foods
Aging Population: A Prime Target for Dietary Supplements &
Functional Foods Markets
EXHIBIT 26: Japanese Elderly (65+ Years) Population: 2000-2050
Market Analytics
Table 34: Japan Current & Future Analysis for Nutraceuticals by
Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 35: Japan Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 36: Japan 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 37: Japan Current & Future Analysis for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 38: Japan Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 39: Japan 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

CHINA
Focus on Preventive Health amidst Changing Lifestyles Drive
Robust Market Demand
Green & Natural Products and Providing Holistic Healthcare
Propel Market
Rising Emphasis on Healthy Living Fuels Demand for Functional
Foods
Functional Beverages Market: Bright Future on Cards
Vitamins and Dietary Supplements Market: Overview
Market Analytics
Table 40: China Current & Future Analysis for Nutraceuticals by
Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 41: China Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 42: China 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 43: China Current & Future Analysis for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 44: China Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 45: China 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

EUROPE
Consumer Focus on Health and Wellness Boosts Growth Prospects
European Nutraceuticals Market: Health Awareness Fuels Market
Prospects
Functional Drinks with Herbal Extracts Hold Strong Potential
Demand for Yogurt Drinks on Rise
Changing Demographics Propel Market Growth
EXHIBIT 27: European Population By Age Group: Percentage Share
Breakdown of Age Groups for 2020 & 2040
Market Analytics
Table 46: Europe Current & Future Analysis for Nutraceuticals
by Geographic Region – France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2020 through 2027 and %
CAGR

Table 47: Europe Historic Review for Nutraceuticals by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 48: Europe 15-Year Perspective for Nutraceuticals by
Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2021 & 2027

Table 49: Europe Current & Future Analysis for Nutraceuticals
by Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 50: Europe Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 51: Europe 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 52: Europe Current & Future Analysis for Nutraceuticals
by Distribution Channel – Supermarkets / Hypermarkets,
Convenience Stores and Other Distribution Channels –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 53: Europe Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 54: Europe 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

FRANCE
France Exhibits High Appetite for Nutraceuticals
Functional Foods & Beverages Find Increased Demand among French
Consumers
Market Analytics
Table 55: France Current & Future Analysis for Nutraceuticals
by Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 56: France Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 57: France 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 58: France Current & Future Analysis for Nutraceuticals
by Distribution Channel – Supermarkets / Hypermarkets,
Convenience Stores and Other Distribution Channels –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 59: France Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 60: France 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

GERMANY
Rising Need to Support General Health and Well-Being Drives
Steady Growth in Nutraceuticals Market
Increasing Focus on Health and Wellness Drives Demand for
Functional Foods
EXHIBIT 28: Market Share of Leading Functional Drink Companies
in Germany (2019)
Market Analytics
Table 61: Germany Current & Future Analysis for Nutraceuticals
by Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 62: Germany Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 63: Germany 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 64: Germany Current & Future Analysis for Nutraceuticals
by Distribution Channel – Supermarkets / Hypermarkets,
Convenience Stores and Other Distribution Channels –
Independent Analysis of Annual Sales in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 65: Germany Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 66: Germany 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

ITALY
Table 67: Italy Current & Future Analysis for Nutraceuticals by
Product Type – Functional Foods, Functional Beverages and
Dietary Supplements – Independent Analysis of Annual Sales in
US$ Million for the Years 2020 through 2027 and % CAGR

Table 68: Italy Historic Review for Nutraceuticals by Product
Type – Functional Foods, Functional Beverages and Dietary
Supplements Markets – Independent Analysis of Annual Sales in
US$ Million for Years 2012 through 2019 and % CAGR

Table 69: Italy 15-Year Perspective for Nutraceuticals by
Product Type – Percentage Breakdown of Value Sales for
Functional Foods, Functional Beverages and Dietary Supplements
for the Years 2012, 2021 & 2027

Table 70: Italy Current & Future Analysis for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels – Independent Analysis
of Annual Sales in US$ Million for the Years 2020 through 2027
and % CAGR

Table 71: Italy Historic Review for Nutraceuticals by
Distribution Channel – Supermarkets / Hypermarkets, Convenience
Stores and Other Distribution Channels Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2012 through
2019 and % CAGR

Table 72: Italy 15-Year Perspective for Nutraceuticals by
Distribution Channel – Percentage Breakdown of Value Sales for
Supermarkets / Hypermarkets, Convenience Stores and Other
Distribution Channels for the Years 2012, 2021 & 2027

UNITED KINGDOM

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Artificial Intelligence

Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.

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NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform.  QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.

 
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR  HUD screen, when having some down time. 
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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risk-analytics-market-worth-$180.9-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.

The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™.  Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=210662258
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
 
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies.  GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance.  Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
Related Reports:
Customer Data Platform Market – Global Forecast to 2028
Speech Analytics Market- Global Forecast to 2029
Text to Video AI Market – Global Forecast to 2027
Contact Center Analytics Market- Global Forecast to 2027
Procurement Analytics Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/risk-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/risk-analytics.asp
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Artificial Intelligence

Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251064253
Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
 
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy),  Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI  (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India),  and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports & Consulting
Related Reports: 
Palletizer Market Size, Share, Statistics and Industry Growth Analysis Report by Technology (Conventional, Robotic), Product Type (Bags, Boxes and Cases, Pails and Drums), Industry (Food & Beverages, Chemicals, Pharmaceuticals, Cosmetics & Personal Care, E-commerce and Retail) & Region – Global Growth Driver and Industry Forecast to 2029
Autonomous Mobile Robots Market by Offering (Hardware, Software and Services), Payload Capacity (500 kg), Navigation Technology (Laser/LiDAR, Vision Guidance), Industry (Manufacturing, Retail, E-commerce) – Global Forecast to 2028
Automated Guided Vehicle Market Size, Share, Industry, Statistics & Growth by Type (Tow Vehicles, Unit Load Carriers, Forklift Trucks, Assembly Line Vehicles, Pallet Trucks), Navigation Technology (Laser Guidance, Magnetic Guidance, Vision Guidance), Industry, Region – Global Forecast to 2028
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
Automated Material Handling Equipment Market Size, Share, Statistics and Industry Growth Analysis Report by Product (Robots, ASRS, Conveyors And Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, E-Commerce, Food & Beverage) and Region – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/robotic-palletizer-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/robotic-palletizer.asp
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