Published On: Dec 13, 2017
The global nutraceuticals market is anticipated to witness a vigorous growth over the years to come. According to a report by Transparency Market Research (TMR), the market is anticipated undergo promising growth opportunities arising from the increasing consumer preference for high-protein diets with natural ingredients. Described by the nearness of an expansive pool of market players, the U.S. market for nutraceuticals displays a very focused and divided scene. Analysts expect the opposition inside the market to increment amazingly finished the pending years because of the ascent in the passage of new members. Some of the key participants of this market are General Mills Inc., Herbalife International Inc., Amway Enterprises, The Nature’s Bounty Co. and Bayer AG.
The U.S. market for nutraceuticals, which stood at a US$64.8 bn in 2015, is expected to exhibit a CAGR of 5.30% over the forecast period from 2016 to 2024, and reach an estimation of US$102.6 bn by the end of 2024. The demand or fluid nutraceuticals is significantly higher among buyers than alternate types of nutraceuticals. Experts anticipate that this situation will remain at this position the following couple of years.
Dietary Supplements to Emerge due to Rising Health Awareness
Useful nourishments appreciate a more prominent demand from buyers, on account of the high mindfulness about the positive effect of utilitarian nutrients on human wellbeing and the ensuing increment in the interest for normal items. In spite of the fact that the interest for utilitarian nutrient items is probably going to stay solid over the coming years, the useful refreshments fragment is expected to make the most noteworthy jump regarding the demand, ascending at a CAGR of 6.10% from 2016 and 2024.
The interest for dietary supplements is likewise anticipated that would witness a solid advance in the U.S. throughout the following couple of years. The approach of home grown supplements, for instance, ayurvedic, plant and algal extracts, and phytochemicals, and the incrementing incorporation of mineral and vitamins in the everyday eating regimen of consumers are anticipated to help the development of this segment over the years to come.
Herbal Supplements to Remain Popular Market Trend in Coming Years
Factors like the developing prevalence of multi-herb supplements is one the key patterns driving the development of this market. Multi-herb supplements are a mix of valuable herbs that advantage distinctive parts of wellbeing including heart and cardiovascular wellbeing, charisma, assimilation, vitality, rest, and safe capacity. Because of various focal points gave by multi-herb supplements, its demand is relied upon to build, which, thus, will convert into the demand for practical nourishment and nutraceuticals in the coming years.
Developing advancements in this segment, which incorporate novel Neem Extract and Purple corn, are the sources with a bigger number of cell reinforcements than others. Developing economies are situated toward preventive human services; henceforth, the interest for nutraceutical item increments essentially. In future, utilitarian nutrient and drinks enterprises are expected to utilize cancer prevention agents in overabundance.
The data and information presented in this review are based on a TMR report titled as “Nutraceuticals Market (Product Type - Functional Foods (Probiotics Fortified Food, Omega Fatty Acid Fortified Food, Branded Ionized Salt, and Branded Wheat Flour), Functional Beverages (Energy Drinks, Sports Drinks, Fortified Juices, and Fortified Dairy Beverages), and Dietary Supplements (Proteins Supplements, Vitamins & Minerals, Herbal Supplements (Ayurvedic Extracts, Plant Extracts, Algal Extracts, and Phytochemicals), Fatty Acids, and Fiber; Product Form - Tablets and Capsules, Powder, Liquid, and Solids/Semi-solids) - U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025”
The global blood collection market is segmented as follows:
By Product Type
- Functional Foods
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Branded Ionized Salt
- Branded Wheat Flour
- Functional Beverages
- Energy Drinks
- Sports Drinks
- Fortified Juices
- Fortified Dairy Beverages
- Dietary Supplements
- Proteins Supplements
- Vitamins & Minerals
- Herbal Supplements (Ayurvedic extracts, plant extracts, algal extracts, phytochemicals)
- Other (fatty acids, fiber)
By Product Form
- Tablets and Capsules
- North America
- The U.S.
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- United Arab Emirates (the UAE)
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of Latin America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
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