The global nutraceuticals market is projected to
reach USD 578.23 billion by 2025, according to a new report by Grand View
Research, Inc. Rising health concerns are likely to drive the product demand
over the next eight years.
Growing awareness regarding the consumption
of healthy foods has resulted in increased demand for nutraceuticals in the
U.S. The European market is driven by a steady innovation of high-performance
natural ingredients used in nutraceuticals. Increasing adoption of e-commerce
and growing consumer awareness through social media are further likely to
augment the demand for nutraceuticals over the forecast period.
The market has witnessed an increased focus
on the ingredients used for manufacturing nutraceuticals. The demand for
natural products is expected to grow at a rapid pace over the next eight years
as consumers perceive these products to be healthier and more effective as
compared to synthetic products.
Market players have been trying to expand
their competitive profile by setting up innovation centers for new product
development. For instance, in December 2016, Cargill started Cargill ONE
Innovation Center for developing innovative flavors and food products.
Access
Research Report of Nutraceuticals Market @
https://www.grandviewresearch.com/industry-analysis/nutraceuticals-market
Further key findings from the report suggest:
· Dietary supplements segment is expected to
ascend at a CAGR of over 9.7% from 2017 to 2025 on account of rising product
demand from Brazil, China, India, South Korea, Poland, and Mexico.
· Botanical dietary supplements segment is
anticipated to witness considerable growth over the forecast period on account
of increasing popularity of nutraceuticals with natural ingredients. These are
available in numerous forms including dry, solid or liquid extracts, tablets, capsules,
powders, and tea bags. Low cost as compared to prescription drugs and easy
availability are factors expected to augment their demand over the next eight
years.
· North America nutraceuticals market is a
mature market and is likely to progress at a CAGR of over 7.8% from 2016 to
2024. Increasing utilization of functional food and beverages by the baby
boomer population in North America is expected to augment market growth over
the forecast period.
· Central & South America accounted for a
market share of 7.2% in 2016 and is projected to ascend at a CAGR of 9.0% from
2017 to 2025 in terms of revenue owing to growing demand for nutraceuticals in
Brazil
· Asia Pacific is predicted to ascend at the
fastest CAGR of 9.9% over the forecast period on account of rapid growth of the
market in China, Japan, and India
· The global players rely on widespread
distribution networks to ensure sales in various regions. Manufacturers are
involved in extensive R&D to develop innovative products and sustain the
competition within the market.
Grand View Research has segmented the
global nutraceuticals market on the basis of product and region:
Nutraceuticals Product Outlook (Revenue,
USD Million, 2014 - 2025)
·
Dietary supplements
o
Botanicals
o
Vitamins
o
Minerals
o
Amino acids
o
Enzymes
o
Others
·
Functional food
o
Carotenoids
o
Dietary Fibers
o
Fatty Acids
o
Minerals
o
Prebiotics & Probiotics
o
Vitamins
o
Others
·
Functional beverage
o
Energy drinks
o
Sports drinks
o
Functional juices
o
Others
Nutraceuticals Regional Outlook (Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For More
Information: www.grandviewresearch.com
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