Nutraceutical Packaging – Countering Counterfeiters, Emphasizing Safe Product Supply
Integrity of nutraceutical companies is vital, and countering the counterfeiters is a must. Leading market stakeholders are adopting advanced packaging techniques, ranging from invisible inks and unique fingerprints, to anti-diversion codes and hologram-enabled identification. Emphasis on adding security features in nutraceutical packaging grows, while retaining the aesthetic appeal of packaged products to ensure safer product supply.
Nutraceutical Packaging Market – Key Research Findings
The global nutraceutical packaging market size is projected at ~US$ 3 Bn, in 2019.
The nutraceutical packaging market is projected to grow 1.6x during the next ten years.
Europe and North America are expected to remain among the leading regions in terms of market value share, accounting for more than half of the global nutraceutical packaging share.
North America is expected to create high incremental opportunity for the nutraceutical packaging market by the end of the forecast period. Europe is expected to be one of the key regions with a matured pharmaceutical industry, which will translate into growth opportunities for the nutraceutical packaging market.
The share of table top nutraceutical packaging is expected to increase by the end of 2029 due to the increasing demand from hospital & retail pharmacies and increasing preference for gym and sports activities.
Key Factors Shaping the Global Nutraceutical Packaging Market
Increasing Consumption of Dietary Supplements
The consumption of supplements and additional nutrients is consistently increasing due to critical health issues such as diabetes, hypertension, cardiovascular ailments, osteoarthritis, osteoporosis, etc. In addition to this, limited nutrition from the consumed food leads to nutrient deficiency, which is fulfilled by dietary supplements and additional nutrients.
Sports Nutrition is Gaining Traction Among Youngsters
Millennials are actively joining gyms and are involved in sports. Hence, they have more preference towards protein powder, protein shakes, and health drinks, as compared to multivitamins and pills. Generation X people are more focused on a work and personal life balance. They require supplements for dealing with middle-age maladies. They are focused on consuming more protein, mainly plant-based protein, which helps them manage their weight. They have less preference for artificial ingredients, pills, or products with poor taste.
Increasing Preference of Millennial Demographic in the U.S.
The U.S. represents the largest nutraceutical market in the world. Owing to the increasing consumption of dietary supplements and other nutrients, the U.S. is one of the leading regions in terms of market share and market maturity. The driving force for the nutraceutical packaging market in the U.S. is the health consciousness of consumers and their inclination towards natural nutrients.
Growing consumption of nutraceuticals is observed as consumers are opting for preventive measures to maintain their health and wellbeing. This will result in increased demand for nutraceutical packaging during the forecast period. It is observed that, generation X and baby boomers are taking regular nutraceutical supplements in the form of vitamins, minerals, omega 3 fatty acids, and prebiotics.
The nutraceutical packaging of these ingredients is done either in the form of blister packs, bottles & jars, or containers. The nutraceutical packaging market in the U.S. is expected to grow further because of millennials. Millennials are more inclined towards gym activities, swimming, and other sports, and pose as a major driving factor for the growth of nutraceuticals such as protein powders and energy drinks. This millennial lifestyle is expected to positively impact the growth of the nutraceutical packaging market.
Nutraceutical Packaging Market Structure Analysis
Many nutraceutical packaging manufactures are engaging in product launches and acquisitions in order to increase their global reach.
Europe and North America are estimated to account for a high share in terms of value of the global nutraceutical packaging market during the forecast period.
Bargaining power of suppliers in the East Asian region is high as compared to other regions, as there are less number of players in the nutraceutical packaging market.
Market Set to Grow 1.7X between 2019 and 2029
Adoption of sustainable, green packaging solutions is on the rise, and the pervasive shift away from plastic to paper is increasingly evident in the nutraceutical packaging landscape. Although plastic bottles are still the mainstay of nutraceutical packaging, stakeholders are taking efforts to innovate, to bring safer materials with unique designs to the fore.
Tailwinds of Growth in Developing Markets
Developing markets remain lucrative for nutraceutical packaging manufacturers. Players in these market continue to focus on redesigning their packaging with demographic group-targeted solutions. Developing markets hold potential opportunities, and stakeholders are developing eye-catching packaging and labeling formats to stay distinguished in their offerings.
* This data is only a representation. Actual data may vary and will be available in report.
The Broader Perspective
Consumer spending on preventative care continues to grow, as they embrace the health & wellness trend, thereby contributing to sales of health supplements and nutrition products. Nutraceutical packaging manufacturers are driving consumer loyalty via functionality that meets consumer preferences, and delivering smarter solutions for greater wins at store shelves.
Bags & pouches preferred, accounting for 1/3rd market shares
Adoption of bottles & jars to grow faster through 2029
Plastics remain the material of choice, with ~50% market shares
Gains from paper & paperboard remain strong
How Growth will Unfold
Consumer continue to show a marked preference for nutraceuticals in powder & granules form, creating high demand for packaging solutions for these products. Demand for nutraceutical packaging for products in the form of tablets & capsules will also remain strong, followed by liquid products.
Powders & Granules | Tablets & Capsules | Liquid
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Nutraceutical Packaging Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029
A recent market study published by FMI, on the nutraceutical packaging market includes global industry analysis 2014-2018 & forecast 2019-2029, and offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the nutraceutical packaging market, the growth prospects of the market are obtained with maximum precision.
Nutraceutical Packaging Market Taxonomy
The global nutraceutical packaging market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
By Packaging Type
- Bottles & Jars
- Bags & Pouches
- Stick Packs
- Boxes & Cartons
- VSP & MAP
By Product Form
- Tablets & Capsules
- Powders & Granules
By Product Type
- Dietary Supplement
- Functional Food
- Functional Beverages
- Amino Acids
- Omega 3 Fatty Acids
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
The report commences with the executive summary of the nutraceutical packaging market, which includes a summary of the key findings and statistics of the market. It also includes dominating segments in the global nutraceutical packaging market, as well as graphical representation of the segments according to their market size and growth rate.
Readers can find detailed taxonomy and definition of the nutraceutical packaging market in this chapter, which will help them understand the basic information about nutraceutical packaging products present in the market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the nutraceutical packaging market report.
This chapter explains the key macro-economic factors that are expected to influence the growth of the nutraceutical packaging market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the nutraceutical packaging market. This chapter highlights the key market dynamics of the nutraceutical packaging market, which include PESTLE analysis, drivers, and restraints. Moreover, readers will understand the key trends followed by the leading manufacturers in the nutraceutical packaging market and preference analysis of the consumers. The report further includes a value chain analysis.
This section explains the global market value & volume analysis and forecast for the nutraceutical packaging market. It includes the detailed analysis of the historical nutraceutical packaging market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2029).
Based on packaging type, the nutraceutical packaging market is segmented into blister, bottles & jars, bags & pouches, stick packs, boxes and cartons, containers, sprays, and VSP & MAP. In this chapter, readers can find information about the key market segments during the forecast period.
Based on material, the nutraceutical packaging market is segmented into glass, plastic, aluminum, and paperboard. In this chapter, readers can find information about the growth trends of key segments during the forecast period.
This chapter provides details about the nutraceutical packaging market on the basis of product form, and has been classified into tablets & capsules, powders & granules, liquid, and solid.
This chapter includes further analysis of the nutraceutical packaging market on the basis of product type and is segmented as dietary supplements, functional food, and functional beverages.
On the basis of ingredient, the nutraceutical packaging market is segmented into vitamins, minerals, prebiotics, probiotics, amino acids, omega 3 fatty acids, and others.
This chapter explains how the nutraceutical packaging market is expected to grow across various geographical regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North American nutraceutical packaging market, along with a country-wise assessment that includes the U.S. and Canada. Readers will also find some key points on the basis of estimated market size and consumption of nutraceutical packaging.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting the growth of the Latin America nutraceutical packaging market. This chapter also includes the growth prospects of the nutraceutical packaging market in leading LATAM countries such as Brazil, Mexico, Argentina, and Rest of Latin America.
Important growth prospects of the nutraceutical packaging market based on the product and the end-user industry in several countries such as Germany, the UK, France, Spain, Italy, Russia, Poland, and Rest of Europe are included in this chapter.
India, Indonesia, Thailand, and Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia nutraceutical packaging market in this chapter. Readers can find detailed information about the growth parameters of the South Asia nutraceutical packaging market during the period 2019-2029.
This chapter highlights the growth of the nutraceutical packaging market in East Asia by focusing on China, Japan, and South Korea. The section also highlights data points regarding the growth of the nutraceutical packaging market in the East Asian region.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania nutraceutical packaging market.
This chapter provides information about how the nutraceutical packaging market will grow in major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa, and Rest of MEA, during the forecast period 2019 - 2029.
In this chapter, readers will find a comprehensive list of all leading manufacturers in the nutraceutical packaging market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Amcor Ltd., Gerresheimer AG, Sonoco Products Company, Mondi PLC, etc.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the nutraceutical packaging report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information about the nutraceutical packaging market.
How the research was conducted?
Primary research interviews with key opinion leaders and other participants were conducted for data collection and validation of the below information:
- Key Segments in the Nutraceutical Packaging Market
- Market Share Analysis
- Consumer Preference Analysis
- Comparison of Several Nutraceutical Packaging
- Present in the Market
- Market Size
- Key Trends
- Nutraceutical Market Growth
- Food and Beverages Market Growth
- Sports Nutrition Consumption Trend among Millennial
- Industry Journals
- Pharmaceutical Packaging Industry Growth
Primary Interview Splits
Nutraceutical Packaging Market Reports - Table of Contents
23. Assumptions and Acronyms Used
24. Research Methodology