|
Forecast Period
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2025-2029
|
|
Market Size (2023)
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USD 5.55 Billion
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Market Size (2029)
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USD 8.36 Billion
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CAGR (2024-2029)
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6.98%
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Fastest Growing Segment
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Dietary Supplements
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Largest Market
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London
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Market Overview
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.
Key Market Drivers
Increasing Awareness Regarding Benefits of
Nutraceuticals
Consumers are increasingly seeking natural and
holistic ways to maintain and improve their health, which has led to a growing
demand for nutraceuticals. Consumers are becoming more health-conscious and are
willing to pay premium for products that offer health benefits beyond basic
nutrition. Consumers are becoming more educated about the link between diet and
health and are seeking products that offer health benefits beyond basic
nutrition. Nutraceuticals offer a convenient and effective way for consumers to
incorporate health-promoting ingredients into their diets.
Long-term conditions or chronic diseases are
conditions for which there is currently no cure, and which are managed with
drugs and other treatments, for example, diabetes, chronic obstructive
pulmonary disease, arthritis, and hypertension. The United Kingdom is facing an
increasing prevalence of chronic diseases such as obesity, diabetes, and
cardiovascular diseases. Nutraceuticals offer a natural and effective approach
for the prevention and management of these conditions, which is driving the
demand for these products.
Innovative Product Development
Continuous research and development (R&D) in
nutraceutical formulations represents a pivotal aspect of advancing health and
wellness solutions tailored to modern consumer demands. This ongoing process
focuses on enhancing the bioavailability of ingredients, ensuring that
nutrients are effectively absorbed and utilized by the body. By optimizing
bioavailability, nutraceutical developers can maximize the therapeutic benefits
of their products, addressing specific health concerns such as immune support,
cognitive function, and joint health more effectively. R&D efforts extend
to the development of personalized nutrition solutions. These innovations
recognize that each individual's nutritional requirements and health goals are
unique. Through advances in technology and scientific understanding,
nutraceutical companies are increasingly able to offer customized formulations
that cater to diverse demographics and specific health needs. This approach not
only enhances consumer satisfaction but also promotes proactive health
management by providing targeted solutions that align with individual
lifestyles and genetic profiles.
Research in nutraceutical R&D is
multidisciplinary, incorporating insights from fields such as nutrition
science, pharmacology, biochemistry, and biotechnology. This interdisciplinary
approach enables the exploration of novel ingredients, extraction methods, and
delivery systems that improve efficacy and safety while meeting stringent
regulatory standards. As a result, the continuous evolution in nutraceutical
formulations contributes to a robust market landscape characterized by
innovation, quality, and consumer trust in products designed to support overall
health and well-being.
E-commerce Expansion
The proliferation of online retail platforms has
significantly transformed the landscape of the nutraceutical industry,
enhancing accessibility and convenience for consumers across the United
Kingdom. These digital platforms have democratized access to a wide array of
nutraceutical products, ranging from vitamins and dietary supplements to
specialized formulations targeting specific health concerns.
One of the primary advantages of online retail
platforms is their ability to overcome geographical limitations. Consumers in
remote areas or smaller towns where physical stores may not stock a diverse
range of nutraceuticals can now easily browse and purchase products from the
comfort of their homes. This expanded reach not only increases convenience but
also ensures that individuals from all demographics, including those with
mobility issues or busy schedules, have access to essential health supplements
and wellness products. Online platforms offer a wealth of information and
resources that empower consumers to make informed decisions. Detailed product
descriptions, customer reviews, and educational content on health benefits and
usage instructions help buyers navigate the complexities of nutraceutical
choices. This transparency and accessibility foster consumer confidence and
trust in the products they purchase online. In response to increasing
consumer demand, established companies are investing to broaden their online
product offerings. For example, KBF Enterprises, a UK-based company that owns
sports nutrition brands like Sports Fuel and Warrior Supplements, secured
funding from NatWest to enhance its e-commerce growth in 2021.
Innovative Product Development
Continuous research and development (R&D) in
nutraceutical formulations represents a cornerstone of innovation within the health
and wellness industry. This ongoing pursuit is essential for advancing the
efficacy, safety, and diversity of nutraceutical products tailored to meet the
evolving needs and preferences of consumers. Bioavailability enhancement stands
out as a critical focus area in nutraceutical R&D. It pertains to the
ability of nutrients and bioactive compounds to be effectively absorbed,
utilized, and retained in the body. Researchers strive to optimize
bioavailability through various approaches such as innovative delivery systems,
encapsulation technologies, and formulation adjustments. By enhancing
bioavailability, nutraceutical developers can ensure that their products
deliver maximum therapeutic benefits, supporting functions such as immune
health, cognitive function, cardiovascular wellness, and joint mobility more
effectively.
Personalized nutrition solutions are gaining
prominence within the nutraceutical sector. These solutions recognize that
individual health needs and preferences vary widely based on factors such as
age, gender, lifestyle, and genetic predispositions. Advances in technology,
including the use of genetic testing and personalized health assessments,
enable nutraceutical companies to offer tailored formulations that address
specific nutritional deficiencies or health goals. Personalized nutrition
extends beyond basic supplementation to include bespoke blends of vitamins,
minerals, antioxidants, and botanical extracts that cater to individualized
health profiles and dietary preferences.
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Key Market Challenges
Regulatory Compliance and Approval Process
One of the significant challenges in the UK
nutraceuticals market is navigating the stringent regulatory landscape.
Nutraceutical products are subject to regulations that govern their safety,
efficacy, labeling, and marketing claims. The regulatory framework includes
regulations from the Food Standards Agency (FSA) and European Food Safety
Authority (EFSA), which set standards for ingredients, health claims, and
permissible levels of nutrients. Compliance with these regulations requires
extensive documentation, scientific evidence, and often lengthy approval
processes, which can pose barriers to market entry and product innovation for
smaller companies with limited resources.
Scientific Research and Product Development Costs
Research and development (R&D) costs represent
a significant challenge for nutraceutical companies aiming to innovate and
differentiate their products. Developing evidence-based formulations supported
by clinical trials and scientific research is essential for substantiating
health claims and gaining consumer trust. However, conducting rigorous research
can be costly and time-consuming, particularly for novel ingredients or complex
formulations. Translating scientific findings into market-ready products that
meet regulatory requirements adds further complexity and expense to the product
development cycle.
Key Market Trends
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.
Segmental Insights
Application Insights
Based on Application, the dietary supplements
sector emerges as the dominant segment within the nutraceuticals market. This
category encompasses a diverse range of products including vitamins, minerals,
herbal supplements, amino acids, and probiotics, designed to complement dietary
intake and support overall health and wellness. Dietary supplements are widely
favored due to their convenience and versatility, offering consumers targeted
nutrition solutions to address specific health concerns or nutritional
deficiencies. The market's growth is driven by increasing consumer awareness
and proactive health management trends, where individuals seek supplements to
support immune function, cognitive health, bone strength, cardiovascular
wellness, and digestive health, among others.
Dietary supplements benefit from a robust
regulatory framework that ensures product safety, quality, and efficacy.
Regulations from authorities such as the Food Standards Agency (FSA) and
European Food Safety Authority (EFSA) guide manufacturers in making health
claims and setting maximum levels for nutrients, thereby enhancing consumer
trust and market credibility. Advancements in research and development
contribute to the expansion of the dietary supplements market. Innovations in
formulation techniques, bioavailability enhancement, and personalized nutrition
solutions cater to diverse consumer preferences and health needs. This includes
the development of novel delivery systems, such as capsules, tablets, softgels,
and powders, which improve nutrient absorption and optimize therapeutic
benefits.
Form Insights
Based on Form, capsules emerge as the dominant form
of delivery for dietary supplements and other health-promoting products.
Capsules offer several advantages that contribute to their popularity among consumers
and manufacturers alike. Capsules provide a convenient and easy-to-use format
for delivering a wide range of nutrients, vitamins, minerals, herbal extracts,
and other bioactive compounds. Their encapsulated form protects sensitive
ingredients from degradation due to light, air, or moisture, ensuring stability
and potency over extended periods. This attribute is particularly valued in
nutraceutical formulations where maintaining the integrity and bioavailability
of active ingredients is critical for efficacy.
Capsules offer flexibility in formulation, allowing
for precise dosing and combination of multiple ingredients within a single
dose. This flexibility caters to consumer preferences for customized and
targeted nutrition solutions, supporting various health needs such as immune
support, cognitive function, joint health, and digestive wellness. The
popularity of capsules in the UK nutraceuticals market is also driven by
consumer perception of their convenience and ease of ingestion compared to other
forms such as tablets or powders. Capsules are typically swallowed whole with
water, eliminating the need for mixing or measuring, which enhances user
convenience and compliance with recommended daily intake.
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Regional Insights
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
Recent Developments
- In August 2021, Esperer Nutrition established its
presence in London, United Kingdom, aiming to address the Onco Nutrition Gap
across UK, European, and US markets. This strategic initiative targets the UK
audience and seeks to capitalize on the global nutraceutical market. The
expansion aligns with the UK Prime Minister’s Taskforce on Innovation, Growth,
and Regulatory Reform (TIGRR), announced in June 2021, underscoring a renewed
focus on the nutraceutical industry among other sectors. This move entails
investments in research and development within the UK, fostering strategic
collaborations with universities and healthcare trusts specializing in
nutraceuticals for Non-Communicable Diseases (NCDs). These efforts are poised
to enhance Esperer Nutrition's capabilities in developing innovative solutions
tailored to addressing critical health challenges associated with NCDs.
- In July 2021, Azelis, a prominent innovation
service provider in the specialty chemicals and food ingredients industry,
announced its new distribution agreement with SPI Pharma, a major supplier of
solutions for pharmaceutical formulation marketers. Under this agreement,
Azelis will distribute SPI Pharma’s product line in the United Kingdom and
Ireland.
Key Market Players
- Nestlé 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)
|
By Application
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By Form
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By Source
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By Distribution Channel
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By Region
|
- Functional Beverages
- Functional Food
- Dietary Supplements
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- Liquid
- Tablets
- Capsules
- Powder
- Others
|
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- Online
- Hypermarkets/Supermarkets
- Pharmacies
- Specialty Stores
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- Scotland
- South-East
- London
- South-West
- East-Anglia
- Yorkshire & Humberside
- East Midlands
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Report Scope:
In this report, the United Kingdom Nutraceuticals
Market has been segmented into the following categories, in addition to the
industry trends which have also been detailed below:
- United Kingdom Nutraceuticals
Market, By
Application:
o Functional Beverages
o Functional Food
o Dietary Supplements
- United Kingdom Nutraceuticals
Market, By
Form:
o Liquid
o Tablets
o Capsules
o Powder
o Others
- United Kingdom
Nutraceuticals Market, By
Source:
o Plant
o Animal
o Microbial
- United Kingdom
Nutraceuticals Market, By
Distribution Channel:
o Online
o Hypermarkets/Supermarkets
o Pharmacies
o Specialty Stores
- United Kingdom Nutraceuticals
Market, By Region:
o Scotland
o South-East
o London
o South-West
o East-Anglia
o Yorkshire & Humberside
o East Midlands
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the United Kingdom Nutraceuticals Market.
Available Customizations:
United Kingdom Nutraceuticals market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
United Kingdom Nutraceuticals Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]