Top Consumer Trends Predict Unparalleled Growth of Global Nutraceuticals Market

Global Nutraceuticals Market – Overview

Due to the large number of health advantages associated with nutraceuticals consumption, the market is growing at an incremental pace on a global level. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on Global Nutraceuticals Market Research Report- Forecast to 2022 that the market will demonstrate an exceptional CAGR % while achieving million dollar growth readily in the forecast period.

Rising health awareness has given a boost to the dietary supplements market. The consumption of dietary supplements imparting health benefits such as excess body fat loss and improvement in gut health is driving the sales of nutraceutical products. Growth of the functional foods market has also provided an impetus for the increased demand of this sector. However, presence of counterfeit products in the market possess a greater threat to the growth of this market.

Health factors like cholesterol level management and blood sugar regulation can be effectively addressed with the incorporation of nutraceuticals into daily diet. Escalation in the wellness sector has enhanced the market growth trajectory of nutraceuticals to an elevated level. Product adulteration is one of the major factors which confines the growth of this market. Also, government regulations, specific functional requirements can cause certain hindrances to the growth of the market.

Browse Full Report @ https://www.marketresearchfuture.com/reports/nutraceuticals-market-2181

Latest Industry Updates

Nov 2017 BASF Newtrition Omega-3 Launched the Breakthrough Accelon- Absorption Accelerating Technology. The strategy of product innovations will create product differentiation thereby increasing the overall sales of the product launched by the company.

Mar 2017 BASF Corporation- entered into an agreement to commercialize BASF’s first U.S. medical food product majorly for the dietary management of patients with Non-Alcoholic Fatty Liver Disease (NAFLD). Rising demand for dietary supplement is identified to encourage the established manufacturers to launch new products and strengthen their business portfolio.

Mar 2017 In order to meet the rising demand for omega-3 fatty acid products from the consumers end, DSM and Evonik entered into a joint venture for omega-3 fatty acid products which will be produced from natural marine algae for animal nutrition. The strategy will enable the production of omega-3 fatty acids for animal nutrition without using fish oil and as a fish oil alternative.

Apr 2016 Abbott launched its first and only Ensure with HMB and high protein. Rising demand for functional foods and beverages have encouraged the consumers to launch new products in the range to suffice consumers growing demands.

Global Nutraceuticals Market - Competitive Analysis

With the entry of industry players in the nutraceuticals segment, a trend of solid, volume-driven growth has been observed in the market with the development of range of products in this market. With companies aiming to capture a considerable share of the market segment as early as possible, they are competing and focusing on various strategies to increase their revenue. One of the major strategies followed by the key players include product launch and keen focus on the R&D sector. These strategies help the manufacturers to strengthen their market position and create a strong consumer base.

The key players profiled in nutraceuticals 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), and Cargill Inc. (U.S.) among many others.

Global Nutraceuticals Market – Segments

The global nutraceuticals market has been divided into type, ingredients, distribution channel and region.

On The Basis Of Type: Functional Beverages, Functional Foods, and Dietary Supplements

On The Basis Of Ingredients: Vitamins and Minerals, Probiotics, Protein and Peptides, Omega-3, and Others

On The Basis Of Distribution Channel: Store Based and Non-Store Based

On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

Global Nutraceuticals Market -

Regional Analysis

The global nutraceuticals market is segmented into North America, Europe, APAC, and Rest of the World (RoW). Global dietary market is highly dominated by North America due to rising health consciousness and popularity of dietary supplements and functional foods and beverages in that region. APAC is fastest growing region due to changing lifestyle and improved disposable income in the region. The consumption of nutraceuticals in developing counties is expected to grow in upcoming years owning to the product advertisements and increasing health awareness among the consumers.