Curated News
By: NewsRamp Editorial Staff
October 21, 2024

Nutraceuticals Gain in Popularity Globally, Insights and Forecasts Show Increasing Positive Product Sales as Consumers Focus on Wellness

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Source News Release

TLDR

  • Ladybug Nutratech's new eCommerce platform, NutraBuddy, aims to attract over 10 million users in its first year, giving them a competitive advantage in the market.
  • The global nutraceuticals market is projected to grow from USD 457.35 billion in 2024 to USD 976.74 billion by 2032 at a CAGR of 9.95% during the forecast period.
  • The rising awareness of nutraceuticals' health benefits is contributing to the prevention of various health disorders, promoting overall health and wellness globally.
  • Nutraceuticals are becoming remarkably popular among individuals seeking natural ways to promote and maintain overall health and wellness, shaping the market in the near future.

Impact - Why it Matters

The growing popularity of nutraceuticals globally and the projected market growth to USD 976.74 billion by 2032 will impact consumer choices and industry innovation, providing vast opportunities for companies to develop innovative products. This news matters as it reflects the increasing consumer concern for health and wellness and the potential for industry growth and development.

Summary

Nutraceuticals Gain in Popularity Globally, Ladybug Nutratech, a leading player in the health and wellness products sector, has announced surpassing $6.0 million USD in revenue for the first half of 2024. The global nutraceuticals market size is projected to grow to USD 976.74 billion by 2032, driven by increased consumer awareness about the benefits of consumption of nutraceuticals to improve health and prevent lifestyle diseases. Ladybug Resource Group Inc., operating under Ladybug NutraTech, is making great strides to be a leading player in the health and wellness e-commerce sector.

Source Statement

This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Nutraceuticals Gain in Popularity Globally, Insights and Forecasts Show Increasing Positive Product Sales as Consumers Focus on Wellness

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