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.
Browse full
research report on Nutraceuticals Market : 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.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
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
- Botanicals
- Vitamins
- Minerals
- Amino
acids
- Enzymes
- Others
- Functional
food
- Carotenoids
- Dietary
Fibers
- Fatty
Acids
- Minerals
- Prebiotics
& Probiotics
- Vitamins
- Others
- Functional
beverage
- Energy
drinks
- Sports
drinks
- Functional
juices
- Others
Nutraceuticals
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- Middle
East & Africa
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-nutraceuticals-market
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.
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