(Food-Beverage-News.Com, March 14, 2018 ) The report on " Nutraceuticals Market 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), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” is published by Market Data Forecast. The Global Nutraceuticals Market was priced USD 192.1 billion in 2016 and calculable to be growing at a CAGR of 7.2%, to achieve USD 271.96 billion by 2021, within the mentioned forecast period from 2016 to 2021.
The word nutraceutical is derived from two words one is “nutrient” (nourishing food component) and the other is “pharmaceutical” (medical drug), it means the product is obtained from food sources with additional health advantages along with the fundamental food values. Customers take dietary supplement to accomplish the daily nutrient requirement but also used to prevent diseases. Nutraceuticals have received considerable interest because of their safety, potential nutritional and therapeutic values.
Browse through 218 Pages and in-depth TOC on “Nutraceuticals Market
The key reasons driving the growth of Nutraceuticals market are increasing the lifestyle diseases everywhere across the globe, inadequate nutrition and Lower Research and Development and restrictive burdens for prescribed drugs. A change is observed between customers from artificial supplements to natural or organic ingredients that are obtained from non-Genetically Modified Organisms.
However, Lack of awareness within the developing countries regarding these nutraceutical ingredients is limiting the expansion of the market.
The fragmentation of Nutraceuticals market is done on the basis of type and application. On the idea of application, the global Nutraceuticals market is divided into functional food beverages, animal nutrition, dietary supplements, personal care and functional food. On the basis of type, the market is categorized as Carotenoids, fibres, probiotics, Omega-3 fatty acids, amino acids, Phytochemicals, specialty carbohydrates, minerals, proteins, plant extracts, prebiotics, vitamins, and others. Dietary supplements section leads the application market whereas photochemical & plant extracts are the quickest growing division.
On the principle of geographical analysis, the worldwide Nutraceuticals market is classified into varied regions namely Middle East, North America, Europe, Latin America, and Asia-Pacific, Africa. North America commanded the most important share in 2016 owing to increase in health conscious population Some of the main firms dominating the global Nutraceuticals market are Royal DSM N.V., Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Cargill, PepsiCo Inc., Groupe Danone S.A. Incorporated, Aland Nutraceutical Co. Ltd, General Mills Inc., BASF SE.
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