Global Nutrient Tonics Market, By Source (Comfrey, Aloe Gel, Rhodiola, Alfalfa and Others), Application (Medication, Restorative Agent, Refreshing Agent and Others), End-Users (Hospitals, Homecare, Speciality Centres, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy) – Industry Trends and Forecast to 2030.
Nutrient Tonics Market Analysis and Size
People in underdeveloped regions fall short of nutrient deficiency. Even so, the hectic lifestyles of modern consumers don't allow them to consume a healthy diet regularly. Consequently, nutrient supplements have become increasingly popular all over the world. Nutrient tonics consist of several forms of vitamin supplements and are used by people globally to top up their dietary vitamin intake.
Data Bridge Market Research analyses a growth rate in the global nutrient tonics market in the forecast period 2023-2030. The expected CAGR of the global nutrient tonics market tends to be around 6.50% in the mentioned forecast period. The market was valued at USD 2.5 billion in 2022 and would grow to USD 4.14 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Nutrient Tonics Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Source (Comfrey, Aloe Gel, Rhodiola, Alfalfa and Others), Application (Medication, Restorative Agent, Refreshing Agent and Others), End-Users (Hospitals, Homecare, Speciality Centres, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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DSM (Netherlands), Glanbia PLC (Ireland), BASF SE (Germany),Corbion (Netherlands)., ADM (U.S.), Cargill, Incorporated (U.S.), Nutreco (Netherlands)., InVivo (Paris), Royal Agrifirm Group (Netherlands), Vitablend (Netherland)., Hellay Australia Pty. Ltd (Australia), Farbest Brands (U.S.)
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Market Opportunities
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Market Definition
Nutrient tonics are the type of substances used for their nutritional value. It is an agent that can use as a medication, refreshing agent, therapeutic agent, or even sometimes a toxic agent biologically or chemically. It can produce and stimulate physical, mental, or emotional vigor. Tonic generally consists of herbs, vitamins, minerals, and other ingredients. Thus, nutrient tonics possess many health benefits and are used as active pharmaceutical ingredients in producing medications.
Global Nutrient Tonics Market Dynamics
Drivers
- The increasing awareness of health issues
Expanding global well-being awareness is essential to the worldwide nutrient tonics market. As urbanization rises across the globe, an expanding pool finds it difficult to maintain their health due to the increasing workload and busy life. This can raise a few dietary issues since healthful necessities are frequently unmet. Nutrient tonics greatly help such people, driving the demand in the worldwide market.
- Higher demand for wines
Wine has been an integral component of the drinking and eating culture. Wine has been improved and altered to derive a variety of flavors, ranging from the light-bodied and fruity flavors of Pinot Noir to the full-bodied taste of Malbec. Tonic wine is becoming one of the world's most popular beverages due to the health benefits that come with drinking wine. Thus, this increases the market growth.
Opportunities
- Easy availability of nutrient tonics
Despite the risk of overconsumption of vitamins, nutrient tonics are generally available to the general public without prescriptions, as they are classified as dietary supplements. This has considerably driven the market, as the products can be purchased easily. The growing sale of nutritional supplements on online portals has also been a major factor growing the market growth.
Restraints/Challenges
- High cost will derail the growth rate
The huge expenditure on treatment methods hampers the market growth. The high cost of different drugs is hindering the growth of the market.
This global nutrient tonics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global nutrient tonics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments:
- In July 2021, BioGlena powdered components for immune support were launched by Solabia-Algatech Nutrition. The company is expanding its microalgae range to fulfill the growing demand for immune-boosting and clean-label components.
Global Nutrient Tonics Market Scope
The global nutrient tonics market is segmented on the basis of source, application, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Source
- Comfrey
- Aloe Gel
- Rhodiola
- Alfalfa
- Others
Application
- Medication
- Restorative Agent
- Refreshing Agent
- Others
End-Users
- Hospitals
- Homecare
- Specialty Centres
- Others
Distribution Channel
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Nutrient Tonics Market Regional Analysis/Insights
The global nutrient tonics market is analysed and market size insights and trends are provided by source, application, distribution channel and end-user as referenced above.
The major countries covered in the global nutrient tonics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to have the highest market growth due to the presence of key product manufacturers, increasing research and development activities, and healthcare expenditure.
Asia-Pacific dominates the market due to increased new research and developments in the nutrient tonics market. Higher urbanization in these areas has led to favorable conditions for the growth of the market globally.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Nutrient Tonics Market Share Analysis
The global nutrient tonics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global nutrient tonics market.
Key players operating in the global nutrient tonics market include:
- DSM (Netherlands)
- Glanbia PLC (Ireland)
- BASF SE (Germany)
- Corbion (Netherlands)
- ADM (U.S.)
- Cargill, Incorporated (U.S.)
- Nutreco (Netherlands).
- InVivo (Paris)
- Royal Agrifirm Group (Netherlands)
- Vitablend (Netherland).
- Hellay Australia Pty. Ltd (Australia)
- Farbest Brands (U.S.)
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