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Nutraceuticals Market Research Report- Forecast till 2023

Nutraceuticals Market Research Report- Forecast till 2023

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Copyright Š 2017 Market Research Future.


Nutraceuticals Market Research Report- Forecast till 2023

1 Summary Global Nutraceuticals Market Information: by Type (Functional Beverages, Functional Foods and Dietary Supplements), by Ingredients (Vitamins and Minerals, Probiotics, Protein and Peptides, Omega-3, and others), by Distribution Channel (Store Based and Non-Store Based) and Region - Forecast till 2023

Key Players: Some of the leading players in the global nutraceuticals market are: Archer-Daniels-Midland Company (U.S.), BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), GlaxoSmithKline Plc (U.K), Abbott Nutrition Manufacturing Inc. (U.S.), DSM Nutritional Products, Inc. (the Netherlands), Cargill Inc. (U.S.)

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Copyright Š 2017 Market Research Future.


Nutraceuticals Market Research Report- Forecast till 2023

2 Market Overview Global Nutraceuticals Market has witnessed constant demand during the last few years and is projected to reach USD 319.6 billion at a CAGR of 6.70% by 2023. Nutraceuticals are any food that provides health benefits including prevention and treatment of diseases. They include functional foods, beverages, and dietary supplements derived from natural food sources that impart various health benefits. They contain additional nutrients that are not found in conventional foods which is driving the market of nutraceuticals. They are available in different forms including powder, pills, liquid, capsule and others which helps in reducing the risks of chronic diseases and helps in further providing health benefits. Rising cases of obesity is boosting the growth of the nutraceuticals market.

North America will dominate the market and is estimated to reach the market share of USD 79.36 billion in the year 2017 based on busy work schedule of the consumers and their inclination towards functional foods for healthy diet. Consumption of nutraceuticals from Asia Pacific is projected to witness a high growth rate of 7.82% during the given period owing to increasing health issues among the growing population followed by increasing health awareness among the consumers.

Based on the type, functional foods will dominate the market and is projected to hold a major share of 35% in the global market. North America is dominating the market in consumption of functional foods in which the U.S. is the major contributor. However, Asia Pacific is the fastest growing region in consumption of functional foods at a CAGR of 8.1% over the forecast period owing to increase in health conscious population in the developing countries.

Intended Audience:

     

Nutraceuticals manufacturers Food industry Pharmaceutical Industry Personal care products manufacturers Retailers, wholesalers and distributors Traders, importers and exporter

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Copyright © 2017 Market Research Future.


Nutraceuticals Market Research Report- Forecast till 2023

3 Sample Pages On the basis of ingredients, vitamins and minerals is dominating the market holding a leading share of 47.40%. Vitamins deficiency identified among the growing population is driving the growth of this segment. Moreover, health benefits of vitamins include their ability to prevent and treat various diseases including heart problems, high cholesterol levels, and eye disorders. However, Omega-3 is the fastest growing segment as an active ingredient in nutraceuticals at a CAGR of 8.23% over the forecast period followed by probiotics. Omega-3 fatty acid is the most potent neutarceutical used against hardening of heart arteries and is used as an active ingredient in many industries.

On the basis of distribution channel, store based distribution channel dominates the market based on one stop shopping experience. However, non-store based distribution channel are projected to grow at the highest rate with a CAGR of 7.46% over the estimated period.

Key Findings:

Global nutraceuticals market is projected to reach USD 319.6 billion by 2023 at a growth rate of 6.70% Dietary supplement is witnessed to have the highest growth rate with CAGR of 6.88% over the forecast period 2017-2023 Functional foods is expected to grow at a CAGR of 8.1% in Asia Pacific followed by RoW over the forecast period. Omega-3 is projected to witness the highest growth rate in active ingredients of nutraceuticals followed by probiotics over the estimated period.

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Copyright Š 2017 Market Research Future.


Nutraceuticals Market Research Report- Forecast till 2023

Page |5

Copyright Š 2017 Market Research Future.

Nutraceuticals Market Research Report- Forecast till 2023  

Global Nutraceuticals Market has witnessed constant demand during the last few years and is projected to reach USD 319.6 billion at a CAGR o...

Nutraceuticals Market Research Report- Forecast till 2023  

Global Nutraceuticals Market has witnessed constant demand during the last few years and is projected to reach USD 319.6 billion at a CAGR o...

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