Top 20 Nutraceutical Companies Based on 2022 Segment Revenue

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On the trail of a healthy lifestyle, nutraceuticals have a crucial role to play. A portmanteau of nutrients and pharmaceuticals, nutraceuticals are colloquially known as medical foods
With a market size of $413B in 2021, the nutraceutical market value is forecasted to cross the threshold of $650B by 2030 by marking a remarkable CAGR of 3.9 percent from 2021 to 2030. With a total revenue of $16.96B, Nestle ranked the highest among the list of companies developing Nutritional Supplements, followed by International Flavors & Fragrances and BASF with a revenue of $10.87B and $8.56B respectively
PharmaShots presents a concise report highlighting the Top 20 Nutraceutical Companies, ranking them based on their revenue derived from the nutritional segment in the year 2022

Revenue: $36.48M

Founded Year: 1788

Total Employees: ~1,100

Headquarters: Chennai, India

Market Cap: $1.04B

Stock Exchange: NSE

An Indian healthcare company, EID Parry is a renowned name that develops and markets Nutraceuticals and Sweeteners. The company focuses on developing organic spirulina and microalgae products under its Nutraceutical division as a type of dietary supplement. The company's main asset in the nutritional supplements division is Organic Spirulina. In comparison to 2021, Parry's revenue increased by 4.92% in 2022.

Revenue: $228.73M

Founded Year: 1984

Total Employees: ~540

Headquarters: New York, United States

Market Cap: $254.21B

Stock Exchange: NASDAQ

Thorne HealthTech is a science-driven wellness company, dedicated to developing innovative solutions for a specialized approach to healthcare and wellness. The business sells nutraceutical products under categories, including Children's Health Supplements, Skin, Hair & Nails Supplements, and Immune Supplements. Thorne HealthTech offers a variety of products, including Biotin, Kids Multi+, Zinc Picolinate, Vitamin D Liquid, and Omega Superb. Revenue for Throne HealthTech was boosted by 24.11% in 2022 compared to 2021.

Revenue: $277.2M

Founded Year: 2006

Total Employees: ~630

Headquarters: Lysaker, Norway

Market Cap: $3.03B

Stock Exchange: FRA

A biotech innovator and Antarctic krill harvesting company, Aker BioMarine has been developing krill-based nutraceutical products through a secured catch and process chain. The company's value chain includes collecting krill in the Antarctic and supplying it to customers across the world through their Montevideo Logistics Hub and Houston Production Facility. Aker BioMarine functions under two primary business segments, including Ingredients and Brands and supplies products, incl. Superba Krill, QRILL Aqua, QRILL Pet, and Lysoveta. Aker BioMarine’s 2022 revenue increased by 5.76% vs 2021.

Revenue: $421.91M

Founded Year: 1976

Total Employees: ~800

Headquarters: Utah, United States

Market Cap: $257.11M

Stock Exchange: NASDAQ

With a primary focus on manufacturing and delivering nutritional and personal care products, Nature’s Sunshine is a multi-level marketer of dietary supplements, incl. herbs, vitamins, minerals, and personal care products. General Health, Immune, Cardiovascular, Digestive, Personal Care, and Weight Management are among the categories under which the company operates. Nature’s Sunshine delivers products including Hi-Lipase, Vitamin A & D, Cellular Energy, Hepatic System Essential Kit, and MY-Immune Defense. The 2022 revenue for Nature’s Sunshine dipped by 4.99% as compared to 2021.

Revenue: $547.37M

Founded Year: 1922

Total Employees: ~1,000

Headquarters: Toronto, Canada

Market Cap: $965.9B

Stock Exchange: TSE

Jamieson Wellness is a healthcare company that manufactures and distributes natural health products. The company markets its healthcare products, including Vitamins, Minerals, and Supplements (VMS) along with sports nutrition products, under its five categories i.e., Youtheory, Progressive, Smart Solutions, Iron Vegan, and Precision brands. Multivitamin Gummies, Cardiovascular & Cognitive Health, Stress & Sleep Support, Bone Health, and Cough & Cold Support are among the products sold by the company. Jamieson’s 2022 revenue was boosted by 21.36% vs 2021.

Revenue: $548.3M

Founded Year: 1887

Total Employees: ~8,900

Headquarters: Dublin, Ireland

Market Cap: $4.50B

Stock Exchange: NYSE

Perrigo develops and markets over the counter (OTC) products, including nutraceuticals across America, Europe, Asia, and Australia. The company offers products under multiple categories, including Upper Respiratory, Nutrition, Digestive Health, Pain & Sleep-Aids, Oral Care, Healthy Lifestyle, Skin Care, Women’s Health, and VMS. Advantage/Gentle/ Organic Non-GMO Infant Formula & Electrolyte Solutions are among the products that the company sells under its nutrition segment. Perrigo’s 2022 revenue increased by 26.45% as compared to the year 2021.

Revenue: $998.60M

Founded Year: 1992

Total Employees: ~1900

Headquarters: Utah, United States

Market Cap: $1.20B

Stock Exchange: NYSE

With business extending to the United States, Canada, Australia, New Zealand, and China, USANA Health Sciences develops and manufactures nutritional supplements, healthy foods, and personal care products. The company has divided its business into multiple segments that include Nutritionals Optimizers, Essentials/CellSentials, Foods, Personal Care, and Skincare. Core Minerals, Vita-Antioxidant, HealthPak, Pure Rest, Stress Relief, Mineral Calm, and Calm Response are among the products sold by the company. USANA’s revenue in 2022 decreased by 16.81% as compared to 2021.

Revenue: $1.21B

Founded Year: 1997

Total Employees: ~6,160

Headquarters: Kilkenny, Ireland

Market Cap: $4.03B

Stock Exchange: LON

Glanbia is a healthcare company that develops and provides nutrients and lifestyle products for its consumers. The company markets products under multiple categories, including Sports Nutrition, Cheese, Dairy Ingredients, Specialty Non-Dairy Ingredients, Vitamin, and Mineral Premixes. BCAA 1000, HMB 1000 CAPS, Glutamine Powder, and Glutamine Caps are among the nutraceutical products sold by the company. Glanbia’s 2022 revenue was boosted by 21.24% as compared to 2021.

Revenue: $1.37B

Founded Year: 2019

Total Employees: ~380

Headquarters: Missouri, United States

Market Cap: $4.78B

Stock Exchange: NYSE

With a global presence, Bellring Brands develops and delivers nutritious products for everyday use. In the United States, the company manages Premier Nutrition Company and Active Nutrition International in Europe. The three main categories under which Bellring operates are Premier Protein, Dymatize, and PowerBar. ISO100, Elite 100% Whey, Elite Casein, and Dymatize Complete Plant Protein are among the products developed by the company. Bellring’s revenue in 2022 increased by 9.60% as compared to 2021.

Revenue: $1.59B

Founded Year: 1981

Total Employees: ~870

Headquarters: Maryland, United States

Market Cap: $971.36M

Stock Exchange: NYSE

A multinational healthcare company, Medifast develops and markets dietary supplements and weight-loss solutions. The corporation uses its Optavia program, which promotes a healthy transition, to highlight its global presence. Under its Nutritional division, the company sells Infuser Drink Mix, including Strawberry Lemonade, and Mixed Berry Flavor with Meal Replacements that include Essential Cranberry Honey, Chocolate Mint Cookie Crisp Bar, Double Peanut Butter Crisp Bar, Drizzled Chocolate Fudge Crisp Bar. Medifast’s 2022 revenue inclined by 4.60% vs 2021.

Revenue: $1.70B

Founded Year: 1921

Total Employees: ~3,170

Headquarters: London, United Kingdom

Market Cap: $3.68B

Stock Exchange: LON

Tate & Lyle is a healthcare company that develops and markets nutritional products in the form of food and beverages. The company divides its business into three segments, including Food & Beverage Solutions, Innovation and Commercial Development, and Global Operations. Dolcia Prima Allulose, Promitor Soluble Fibre, STA-LITE Polydextrose, and Splenda Sucralose, among others, are the nutritional products developed by the company. Tate & Lyle’s 2022 revenue increased by 6.92% as compared to 2021.

Revenue: $3.15B

Founded Year: 1902

Total Employees: ~1710

Headquarters: Maastricht, Netherlands

Market Cap: $822.74M

Stock Exchange: OTCMKTS

With a core focus on Nutrition, Health, and Sustainable living, Royal DSM is a global healthcare company that develops and delivers science-based products. The company delivers products under multiple categories, including Human Nutrition, Animal Nutrition, Personal Care & Aroma, Medical Devices, Green Products & Applications, and New Mobility & Connectivity. All-Q, Fabuless, Metafolin, PeptoPro, resVida, and geniVida are among the nutritional supplements developed by the company. Royal DSM’s revenue in 2022 was boosted by 10.14% as compared to 2021.

Revenue: $3.40B

Founded Year: 1935

Total Employees: ~29,270

Headquarters: Tokyo, Japan

Market Cap: $10.8B

Stock Exchange: TYO

Yakult Honsha is a Japan-based healthcare company that develops and distributes products that offer an improved lifestyle to its consumers. The company functions under three business segments, including Food & Beverages, Pharmaceuticals, and Cosmetics. Under its Food & Beverage segment, the company sells its lead asset, Yakult which is a beverage made using fermented milk containing L. paracasei Shirota strains of bacteria. Yakult Honsha’s 2022 revenue rose by 7.54% vs 2021.

Revenue: $3.77B

Founded Year: 1902

Total Employees: ~41,000

Headquarters: Illinois, United States

Market Cap: $40.27B

Stock Exchange: NYSE

An American multinational food processing and commodities trading company, Archer Daniels Midland or ADM, develops and commercializes nutritional products. The company divides its business into segments, including Ag Services and Oilseed, Carbohydrate Solutions, and Nutrition, among other businesses. Under its Human Nutrition Segment, the company provides CardioAid, Fibersol, NovaSoy, NovaTol Vitamin E & Tocopherols, and Onavita Omega-3s. ADM’s revenue in 2022 was boosted by 18.18% as compared to 2021.

Revenue: $4.93B

Founded Year: 1906

Total Employees: ~12,000

Headquarters: Illinois, United States

Market Cap: $6.9B

Stock Exchange: NYSE

Ingredion is a multinational healthcare company that develops and markets ingredient solutions or nutritional supplements. The company produces value-added ingredient solutions for the food, beverage, animal nutrition, brewing, and industrial markets by processing grains, fruits, vegetables, and other plant-based resources. The company delivers Fiber, Protein, Fat Reduction, Digestive Health, Metabolic Management Plant-based, Non-GMO, Organic, and Gluten-Free products. Ingredion’s 2022 revenue increased by 13.59% vs 2021.

Revenue: $5.20B

Founded Year: 1980

Total Employees: ~10,100

Headquarters: California, United States

Market Cap: $1.28B

Stock Exchange: NYSE

A global healthcare and nutritional company, Herbalife is focused on the distribution and marketing of nutritional supplements under its primary categories i.e., Weight Management, Sports Nutrition, and Targeted Nutrition. The company has divided its products into categories, including Weight Management, Targeted Nutrition, Energy, Sports & Fitness, and Other Nutrition. SKU 3123, SKU 0077, SKU 0111, and SKU 1232 are among the nutritional supplements delivered by the company. Herbalife’s revenue in 2022 dropped down by 10.34% as compared to the year 2021.

Revenue: $6.51B

Founded Year: 1916

Total Employees: ~17,340

Headquarters: Tokyo, Japan

Market Cap: $6.53B

Stock Exchange: TYO

Meiji Holdings is a Japan-based company that develops and markets health and wellness products along with therapeutics. Food and Pharmaceutical are the two segments in which the company operates. Under its nutritional segment, the company delivers Meiji Mei Balance, Savas, Infant Formula, Follow-Up Formula, and Meiji Amino Collagen. Meiji’s 2022 revenue decreased by 4.26% vs 2021.

Revenue: $8.56B

Founded Year: 1885

Total Employees: ~1,11,480

Headquarters: Rhineland-Palatinate, Germany

Market Cap: $1.4B

Stock Exchange: ETR

A Germany-based multinational healthcare company, BASF develops and markets nutritional supplements along with chemicals, plastics, crop protection, and performance products. The company functions under multiple divisions, including Nutrition & Care, Chemicals, Materials, Industrial Solutions, Surface Technologies, and Agricultural Solutions. Vitamins, Carotenoids, Plant Sterols, Lutein, Omega-3 Fatty Acids, Conjugated Linoleic Acids, Human Milk Oligosaccharides, and Peptides are among the nutraceutical products marketed by the company. BASF’s 2022 revenue increased by 16.78% as compared to the year 2021.

Revenue: $10.87B

Founded Year: 1833

Total Employees: ~24,000

Headquarters: New York, United States

Market Cap: $19.6B

Stock Exchange: NYSE

International Flavors & Fragrances (IFF) is a multinational health and wellness company, committed to the manufacturing of natural health products and consumer products. The company operates under four segments, including Nourish, Health & Biosciences, Scent, and Pharma Solutions. The company delivers nutraceutical products, including AB-Fortis, Ginkgo, Howaru Protect Prenatal, Neuravena, Howaru BI-07, Howaru Protect Adult, Linumlife, and Soylife among others. IFF’s revenue in 2022 faced a recession of 26.40% as compared to 2021.

Revenue: $16.96B

Founded Year: 1866

Total Employees: ~2,75,000

Headquarters: Vaud, Switzerland

Market Cap: $318.05B

Stock Exchange: SWX

A Swiss multidisciplinary food and drink processing conglomerate, Nestle is a renowned name among Nutrition and Healthcare companies. The company divides its business into Nutrition & Health Sciences, Powdered & Liquid Beverages, pet care, Prepared Dishes & Cooking Aids, Milk Products & Ice Cream, Confectionery, and Water. Under its Nutritional Segments, the company markets Orgain (Organic Protein), Althera, Alfare, Alfamino, Gerber Plant-tastic, and BEBA Bio. Nestle’s 2022 revenue was boosted by 17.53% as compared to 2021.

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