The nutraceutical market consists of sales of nutraceutical products by entities (organizations, sole traders, and partnerships) that are classified as food used for medical purposes.

The global nutraceutical market size is expected to grow from $341.14 billion in 2021 to $370.98 billion in 2022 at a compound annual growth rate (CAGR) of 8.75%. The growth in the nutraceutical market is mainly due to the companies’ rearranging their operations and recovering from the COVID-19 impact. The global nutraceutical market size is expected to reach $531.55 billion in 2026 at a CAGR of 9.41%.