Smart for Life announces availability of white paper on Nutraceuticals industry

Smart for Life announced the release of a white paper on the Nutraceuticals industry. Entitled “Sector Opportunity: Nutraceutical Industry Growth Due to Demand for Preventative Health Products,” the white paper describes how the nutraceutical industry has been growing at a robust rate thanks to an expanding interest in self-care as healthcare costs have risen. From the white paper, “The pandemic has also spurred sales of dietary supplements such as multivitamins. Globally, the preventive healthcare technologies and services market is estimated to reach $432.4 billion by the end of 2024, according to a Grand View Research, Inc. report. The firm found that the key factors driving the market expansion include the growing awareness of self-care measures, which, in turn, helps to boost nutraceutical sales.” The paper goes on to say, “The United States continued its leadership in the nutraceuticals industry, with a 23.4% global market share, underpinned by its robust research and development capabilities, according to Future Market Insights. The company forecasts that the global nutraceuticals market will likely climb from $418 billion in revenues in 2023 to $703 billion by 2033.”