United Kingdom Nutraceuticals Market Size, Share, and COVID-19 Impact Analysis, By Form (Liquid, Tablets, Capsules, Powder, and Others), By Application (Allergy & Intolerance, Healthy Ageing, Bone & Joint Health, Cancer Prevention, Children’s Health, Cognitive Health, Diabetes, Weight Management & Satiety Application, and Others), By Distribution Channel (Offline and Online), and United Kingdom Nutraceuticals Market Insights, Industry Trend, Forecasts to 2033

United Kingdom Nutraceuticals Market Insights Forecasts to 2033

• The United Kingdom Nutraceuticals Market Size was valued at USD 5.45 Billion in 2023.
• The United Kingdom Nutraceuticals Market Size is Growing at a CAGR of 6.84% during the forecast period 2023 to 2033
• The United Kingdom Nutraceuticals Market Size is anticipated to reach USD 10.56 Billion by 2033

The United Kingdom Nutraceuticals Market Size is anticipated to exceed USD 10.56 Billion by 2033, Growing at a CAGR of 6.84% from 2023 to 2033. The rising awareness about the benefits of nutraceuticals, innovative product development, and e-commerce expansion is driving the growth of the nutraceuticals market in the UK.     

Market Overview

The nutraceuticals market refers to the industry encompassing products derived from food that provide health benefits beyond basic nutrition, such as dietary supplements, functional foods, and beverages. Nutraceuticals are food or food components that offer health benefits beyond basic nutrition and are often marketed as supplements or functional foods to promote health and prevent or treat diseases. Consumer awareness about preventive healthcare and the link between diet and well-being significantly contributes to driving the nutraceuticals market. Further, an aging population seeking solutions to maintain health and manage age-related conditions leads to an increase in the demand for nutraceuticals. The increasing emphasis on preventive healthcare and consumer preference for natural products are presenting market opportunities. Further, the rising disposable income, prevalence of chronic diseases, and aging population are several factors that escalate the new market opportunities.

Report Coverage

This research report categorizes the market for the UK nutraceuticals market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom nutraceuticals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK nutraceuticals market.

Driving Factors

The rising awareness about the benefits of nutraceuticals, especially among younger generations who are health-conscious, is promoting the nutraceuticals market. The upsurging innovation in product development to enhance the therapeutic value of products leads to propelling the market growth. The e-commerce expansion to access a wide range of nutraceutical products, driving online sales, and shifting digital marketplaces are contributing to driving the market growth.

Restraining Factors

The regulatory compliance and approval process of nutraceutical products is challenging the market. Further, the scientific research and product development costs are hampering the nutraceuticals market.

Market Segmentation

The United Kingdom Nutraceuticals Market share is classified into form, application, and distribution channel.

• The capsules segment dominated the United Kingdom nutraceuticals market in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom nutraceuticals market is segmented by form into liquid, tablets, capsules, powder, and others. Among these, the capsules segment dominated the United Kingdom nutraceuticals market in 2023 and is expected to grow at a significant CAGR during the projected period. The growing need for nutraceuticals, dietary supplements, and pharmaceutical products is contributing to driving the market demand in the capsules segment.

• The weight management & satiety application segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom nutraceuticals market is segmented by application into allergy & intolerance, healthy ageing, bone & joint health, cancer prevention, children’s health, cognitive health, diabetes, weight management & satiety application, and others. Among these, the weight management & satiety application segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Nutraceuticals, including green tea extract (EGCG), capsaicin, dietary fibers, and other plant-derived compounds, aid in influencing the appetite, nutrient absorption, and energy expenditure.

• The offline segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom nutraceuticals market is segmented by distribution channel into offline and online. Among these, the offline segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Offline channels, including pharmacies, supermarkets, and specialty stores, are some of the distribution networks of nutraceuticals. Consumer increasing preference for tactile experience of physically selecting products and interacting with informed staff for providing personalized recommendations leads to the market growth in the offline segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. nutraceuticals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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)
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Nutraceuticals Market based on the below-mentioned segments:

UK Nutraceuticals Market, By Form

• Liquid
• Tablets
• Capsules
• Powder
• Others

UK Nutraceuticals Market, By Application

• Allergy & Intolerance
• Healthy Ageing
• Bone & Joint Health
• Cancer Prevention
• Children’s Health
• Cognitive Health
• Diabetes
• Weight Management & Satiety Application
• Others

UK Nutraceuticals Market, By Distribution Channel

• Offline
• Online