The
global market for nutraceuticals has exhibited a steady rise in
recent years, thanks to the increasing demand for nutritional food in
the global arena. The rise in the cost associated with medical
treatment and healthcare has driven the interest of consumers towards
nutraceuticals, owing to their ability to act as a substitute of OTC
as well as prescription drugs.
A
recent report published by Transparency Market Research (TMR), a
market research and intelligence firm, states that the worldwide
nutraceuticals
market reached a value of US$182.6 bn in 2015. Analysts at TMR
estimate this market to expand at a CAGR of 7.30% during the period
from 2015 to 2021 and arrive at a value of US$278.9 bn by the end of
2021.
Mexico
Poised to Become Fastest Growing North American Nutraceuticals Market
North
America has been leading the global nutraceuticals market for a
decade now. The increased awareness pertaining to healthcare among
consumers has been driving this regional market significantly.
The
U.S. and Canada are the key domestic markets for nutraceuticals in
North America, whereas the Mexico market is still in its nascent
stage. However, analysts project the Mexico nutraceuticals market to
gain impetus and become the fastest growing market in the region in
the coming years. The increasing purchasing power of Mexicans is
expected to become the key catalyst for this growth.
Major
Manufacturers Targeting Japan, China, Brazil, and Australia
The
nutraceuticals market in Asia Pacific follows the North America
nutraceuticals market closely. The upgradation in the living standard
of this region’s population has led to the rise of the Asia Pacific
nutraceuticals market.
Japan,
China, Brazil, and Australia have emerged as the key target markets
for major international producers of nutraceuticals, resulting in the
emergence of these markets as the most lucrative ones in this region
as well as across the world.
Proactive
Lifestyle to Drive Demand for Nutraceuticals in Middle East and
Africa
The
Middle East and Africa nutraceuticals market has also been showing
impressive growth of late. GCC countries dominate this market and are
likely to rise at the fastest rate in the forecast period. The
increase in the geriatric population has propelled the demand for
nutraceuticals in this region. Experts project the proactive
lifestyle increasingly adopted by people in the MEA to drive the
demand for nutraceuticals in this region over the next few years.
Request
a Brochure of this :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=169
Nestle
Ltd., Cargill Inc., Archer Daniels Midland Co., Aland Nutraceutical
Co., Royal DSM, BASF, Coca-Cola co., General Mills Inc., PepsiCo,
DuPont, Cadbury, and Danone are the key players operating in the
global market for nutraceuticals.
Other
prominent participants in this market are General Nutrition Center
Corp., Alpro U.K. Ltd., Danisco A/S, Johnson & Johnson, Herbalife
Int. Inc., Clif Bar & Co, So Good Int., Kraft, Nutraceutical Int.
Corp., Lonza Group Ltd., Biogaia, Boehringer Ingelheim, Dairy Crest
Group, Galenica Ltd., Bayer Healthcare, Kellogg Co., and Yeo Valley
Farms.
