Nutraceuticals,
products that supplement the nutritional value of food, have seen a
remarkable increase in demand over the last decade. The global
nutraceuticals and processing technologies market has
consequently exhibited strong growth on account of consumers becoming
increasingly health conscious. Transparency Market Research says in
its new report, titled, ‘Nutraceuticals and Processing Technologies
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013–2019,’ that the market will continue to grow at a
fast pace.
TMR
says that the global nutraceuticals and processing technologies
market currently represents less than 10% of the global food
industry. However, the market’s share in the global F&B
industry could rise substantially as the number of partnerships and
collaborations rise. While the regulatory models for the
nutraceuticals industry are currently not well-developed and
stringently enforced, that could also change in the coming years.
With consumers leading fast-paced lives that leave little time for
nutrition and healthy food, manufacturers of nutraceuticals will
benefit from several new and opportunities in the years ahead.
Moreover,
widespread marketing campaigns undertaken by companies in the
nutraceuticals and processing technologies market will further fan
the expansion of the market.
To
study the global nutraceuticals and processing technologies market in
detail, the report segments it on the basis of functional foods,
medicinal foods, dietary supplements, and pharmaceuticals.
Likewise,
the market can also be divided on the basis of usage into diabetes
control, body building, weight control, and pain relief. The current
dynamics of the nutraceuticals and processing technologies market are
defined by the presence of a wide range of products on the market,
each product type catering to a particular gender, demographic group,
or lifestyle type.
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An
increase in the number of people suffering from diabetes and obesity
worldwide will further the growth of the global nutraceuticals and
processing technologies market. Although demand for nutraceuticals
has been high in the traditional economies, food and drug regulators
here are now coming down heavily on products with reported side
effects or those with false advertised claims. This, however, isn’t
the case in emerging countries where the market still remains
unregulated for the most part. As a result, many countries in Asia
and Latin America are becoming attractive investment destinations for
companies in the nutraceuticals and processing technologies market.
The
high cost of nutraceuticals will likely hinder the growth of this
market in the coming years. This report also analyzes leading market
players such as Bayer Healthcare, BASF Group, Cargill, Clif Bar &
Company, and Cadbury.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend 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.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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