With
several consumers looking at nutraceuticals as a means to fortify
their daily dietary intake and also as an alternative to OTC drugs,
the outlook for the global nutraceuticals market looks positive.
According to a recent study published by Transparency Market
Research, the global nutraceuticals market stood at US$182.60 bn as
of 2015, and will rise to US$278.96 bn by 2021, exhibiting a CAGR of
7.3% from 2015 through 2021. These findings are discussed in detail
in the report, titled ‘Nutraceuticals Market - Global Industry
Analysis, Size, Share, Growth and Forecast 2015 - 2021.’
Although
consumers are increasingly considering nutraceuticals as a means to
boost their preventative healthcare programs, increasing prices of
nutraceuticals will likely hinder the growth of the market globally.
The other restraint likely to be faced by the global nutraceuticals
market is a lack of awareness about these products in several growth
markets. TMR’s report also identifies opportunities that can be
harnessed for the growth of the global nutraceuticals market. These
include: Technological advancements, the growing spending power of
consumers in Asia Pacific, and new emerging application areas for
nutraceuticals. Nutraceuticals are perceived as a means to ensure
optimal gut health, creating a conducive setting for the growth of
the global nutraceuticals market.
Browse
full Nutraceuticals
Market
report
at:http://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html
For
the purpose of this study, the global nutraceuticals market is
segmented on the basis of product type and geography. Based on the
type of product, analysts have created the following segments:
Dietary supplements, functional food, functional beverages, and
personal care and pharmaceuticals. The functional foods segment led
in revenue terms, with a 31.0% share of the market as of 2014. The
functional foods segment is projected to exhibit a 7.1% CAGR from
2015 through 2021. The functional beverage segment trailed in the
same year, but will log a CAGR higher than that of the functional
foods segment – at 7.4% through the report’s forecast period.
On
the basis of region, the global nutraceuticals market is segmented
into: Europe, North America, Asia Pacific, and Rest of the World. The
report analyzes the key national markets in each of these regions. In
2014, North America was the largest regional market for
nutraceuticals. The demand for nutraceuticals is expected to remain
steady in North America, owing chiefly to robust demand from the U.S.
and Canada.In the same year, Asia Pacific was the second-largest
market for nutraceuticals. In Asia Pacific, the demand for functional
food and dietary supplements is projected to increasing conspicuously
over the report’s forecast period. The market is expected to see
especially high consumption of vitamins-, herbal-, and minerals-based
dietary supplement.
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a Brochure of this Report
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In
Europe, France and Germany exhibit the strongest demand for
nutraceuticals, whereas companies regard Spain and the United Kingdom
as the best test markets for innovative products. The high levels of
health consciousness among European consumers is the greatest
advantage that companies enjoy in the Europe nutraceuticals
market.The following companies have been profiled in the report: BASF
SE, Archer Daniels Midland Company, Groupe Danone S.A., Cargill,
Incorporated, Aland (Jiangsu) Nutraceutical Co., Ltd., and others.
Global
nutraceuticals market, by product type
Functional
Food
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Branded Ionized Salt
- Branded Wheat Flour Market
- Others (nuts, grains, garlic)
Functional
Beverages
- Fruit & Vegetable Juices and Drinks
- Dairy & Dairy Alternative Drinks
- Noncarbonated Drinks (bottled water, tea and coffee)
- Other (herbal tea, sports drinks, energy drinks)
Dietary
Supplements Segment
- Proteins & Peptides
- Vitamins & Minerals
- Herbals ( Ayurvedic extracts, plant extracts, algal extracts, phytochemicals)
- Other (fatty acids, fiber)
Personal
Care and Pharmaceutical
In
addition the report provides cross-sectional analysis of all the
above segments with respect to the following geographical markets:
Global
nutraceuticals market, by geography
North
America
- U.S.
- Canada
- Mexico
Europe
- U.K.
- France
- Germany
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Europe
Rest
of the World (RoW)
- Latin America
- Middle East
- Africa
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/global-nutraceuticals-product-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
Contact
Mr.
Atil Chaudhari
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State Street, Suite 700
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+1-518-618-1030
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