The Nutraceuticals Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Nutraceuticals Market is estimated to be USD 220.76 billion and predicted to rise to USD 312.53 billion with a CAGR of 7.2%. The market is segmented by Type (Prebiotics, Probiotics, Proteins & Amino Acids, Fibers & Specialty Carbohydrates, Vitamins, Phytochemicals & Plant Extracts, Minerals, Carotenoids, Omega-3 Fatty Acids and Others) by Application (Animal Nutrition, Functional Food, Dietary Supplements, Functional Food Beverages and Personal Care). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Rising health concerns, improving economic conditions, the growth of key demographics and an increased focus on e-commerce among consumer’s factor into market success. The growing health awareness and rising cases of various chronic diseases such as blood pressure and diabetes are also driving the market. Lack of awareness in the developing countries about these nutraceutical ingredients is restricting the growth of the market in those regions.
Functional food is emerging as the largest product segment in the global nutraceuticals market. The rising interest among people to achieve wellness through diet, the increasing aging population, and the skyrocketing healthcare costs have fueling demand from the functional food segment.
North America held the largest market share in the nutraceuticals market. Asia Pacific holds the second largest market share witnessing a significant growth rate. The Asia-Pacific market is projected to grow at the highest CAGR with rapid growth in the functional food & beverage industries in developing countries such as India and China.
Nutraceutical market is dominated by E. I. du Pont de Nemours and Company, General Mills Inc., Cargill, Royal DSM N.V., Groupe Danone S.A. Incorporated, BASF SE, PepsiCo Inc., Aland Nutraceutical Co. Ltd. and Archer Daniels Midland Company.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-nutraceuticals-market-539/” and checkout our recent reports in the Dietary supplements category at “http://www.marketdataforecast.com/research-reports/food-and-beverages/food-supplements-16/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.