Global
nutraceuticals market was valued at US$165.62 bn in 2014 and is
expected to reach US$278.96 bn by 2021, growing at a CAGR of 7.3%
from 2015 to 2021. North America is expected to dominate the global
nutraceuticals market in terms of demand over the forecast period.
In-depth
research report on Nutraceuticals Market with
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Nutraceuticals
are products that provide nutritional benefits in addition to the
basic nutritional value present in food. The modern consumers are
more health conscious and have better awareness about nutritional
products. Furthermore, consumers use dietary supplements not only as
means to meet the recommended daily intake of nutrients but also as a
physical performance booster and disease prevention option. In
addition, there has been a shift in consumer preference from
synthetic ingredients to organic foods and ingredients, which are
obtained from non-genetically modified food sources (non-GM)
extracts. Consumers are adopting nutritional products as the key to
maintain good health and this in turn is driving the global
nutraceuticals market globally.
In
many developing countries, such as India, China, and Japan among
others, the growing affluent middle class population with its
increasing disposable income is moving towards lifestyle changes.
These lifestyle changes often involve the inclusion of nutraceuticals
or functional foods in the daily diet of middle class consumers. At
present, healthy gut system is a major concern among the health
conscious consumers to maintain a healthy lifestyle. Furthermore, it
is observed that functional foods have physiological benefits, and
they reduce the risk of diabetes and cardiovascular problems.
However, the current trend among consumers is to take preventive
action to minimize the possibility of health issues. Therefore,
consumers prefer to utilize nutraceuticals rather than pharmaceutical
drugs. All these factors have led to a growing demand for
nutraceuticals in the last few years.
The
nutraceuticals market constitutes mainly foods, beverages, and
dietary supplements. The growing demand for milk and meat is driving
animal feed manufacturers to incorporate nutraceuticals in animal
feed. The growing market for herbal shampoos and creams enriched with
vitamins and minerals is also one of the major drivers raising the
demand for nutraceutical ingredients. Dietary supplements are
available in the form of capsules, tablets, and liquids.
Nutraceutical ingredients include probiotics and prebiotics,
vitamins, proteins, minerals, omega 3 fatty acids, fibers, amino
acids, structured lipids, and various other ingredients.
Nutraceutical ingredients find applications right from grains,
cereals, nuts, fruits, vegetables, dairy products, poultry products,
seafood, and confectionery to non-alcoholic beverages like energy
drinks, juices, and sports drinks. A few examples of functional foods
are drinks with herb blends, yogurts enriched with probiotics, and
soy beverages that are rich in protein.
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In
terms of revenue, functional foods segment held the largest share in
the global nutraceuticals market, accounting for 31.0% market share
in 2014 and is expected to grow at a CAGR of 7.1% from 2015 to 2021.
Functional beverage held the second largest market share in the
overall nutraceuticals market and is expected to grow at a CAGR of
7.4% over the forecast period.
North
America held the largest market share in the nutraceuticals market
and acquired 39.6% in 2014. The market growth in this region is
attributed to the growing consumer’s awareness regarding their
health and food habits. Globally, North America generated the highest
revenue in the nutraceuticals market in 2014. In this region,
consumers are conscious about their health and food habits. Asia
Pacific held the second largest market share in 2014 witnessing a
significant growth rate. Dietary supplements and functional food is
an emerging segment in the nutraceuticals market in this region. This
market is anticipated to witness a high growth rate in the herbal,
vitamins, and minerals segment of the dietary supplement market.
The
nutraceuticals market is consolidated where top five players acquired
more than 50% of the market in 2014. The key players in the
nutraceuticals market include Cargill, Incorporated, Archer Daniels
Midland Company, Royal DSM N.V., BASF SE, Nestle S.A., Groupe Danone
S.A., E. I. du Pont de Nemours and Company, and General Mills, Inc.
among others.
This
research study is specially designed to estimate and analyze the
demand and usage of nutraceuticals in a global scenario. Under the
scope of the report, functional food; functional beverages; dietary
supplements segment; and personal care and pharmaceutical products
type are covered. The research study provides in depth analysis of
the by product segment across different geographies. The scope of the
study presents a comprehensive evaluation of the stakeholder
strategies and winning imperatives for them by segmenting the
nutraceuticals market as below:
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Article Nutraceuticals Market
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Global
nutraceuticals market, by product type
Functional
Food
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Branded Ionized Salt
- Branded Wheat Flour Market
- Others (nuts, grains, garlic)
Functional
Beverages
- Fruit & Vegetable Juices and Drinks
- Dairy & Dairy Alternative Drinks
- Noncarbonated Drinks (bottled water, tea and coffee)
- Other (herbal tea, sports drinks, energy drinks)
Dietary
Supplements Segment
- Proteins & Peptides
- Vitamins & Minerals
- Herbals ( Ayurvedic extracts, plant extracts, algal extracts, phytochemicals)
- Other (fatty acids, fiber)
Personal
Care and Pharmaceutical
In
addition the report provides cross-sectional analysis of all the
above segments with respect to the following geographical markets:
Global
nutraceuticals market, by geography
North
America
- U.S.
- Canada
- Mexico
Europe
- U.K.
- France
- Germany
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Europe
Rest
of the World (RoW)
- Latin America
- Middle East
- Africa
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