Global Segment-level analysis Nutraceuticals Market

Global nutraceuticals market valued USD 192.1 billion in 2016 and is estimated to reach USD 271.96 billion by 2021, growing at a CAGR of 7.2% in the forecast period of 2016 to 2021.

The word nutraceutical is derived from “nutrient” (nourishing food component) and “pharmaceutical” (medical drug), it is a broad term which describes product obtained from food sources with added health benefits along with the basic food values. Consumers take dietary supplement not only to fulfil the daily nutrient requirement but also as disease prevention and physical performance booster.

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Nutraceuticals have received substantial interest due to their safety, potential nutritional and therapeutic values. People can go for health improvement through supplement food or by the consumption of food that is fortified. Along with just providing nutrients, it deals with the gut complications as well such as, Crohn’s disease, ulcerative colitis, gluten therapy resistant celiac and irritable bowel syndrome that results from imbalance and overgrowth of intestinal microbial flora.

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The key reasons driving the market have been the increase in lifestyle diseases all over the world, inadequate nutrition and increase in life expectancy due to the current lifestyle choices of people. It is also observed that in developing nations, mortality because of nutrition related factors is high, the reason being lack of nutritional intake in regular food, underscoring the need for nutraceutical products. A shift is observed between consumers from synthetic supplements to natural or organic ingredients which are obtained from non-Genetically Modified Organisms. Lack of awareness in the developing countries about these nutraceutical ingredients is restricting the growth of the market in those regions.

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The market is divided on the basis of types into prebiotics, probiotics, proteins & amino acids, fibres & specialty carbohydrates, vitamins, phytochemicals & plant extracts, minerals, carotenoids, Omega-3 fatty acids and others. Based on application the market is further segmented into animal nutrition, functional food, dietary supplements, functional food beverages and personal care. Dietary supplements segment leads the application market while photochemical & plant extracts is the fastest growing division.
Geographically the market is segregated into North America, Europe, Asia pacific, Latin America, Middle East and Africa. The Asia Pacific market is projected to grow at the highest CGAR in the forecast period. North America held the largest share in 2015 with US as the leading market. In Europe increase in health conscious population which prefers food supplements, healthy functional food and beverages are driving the market.

Nutraceutical market is dominated by E. I. du Pont de Nemours and Company, General Mills Inc., Cargill, Royal DSM N.V., Groupe Danone S.A. Incorporated, BASF SE, PepsiCo Inc., Aland Nutraceutical Co. Ltd. and Archer Daniels Midland Company.

Scope of the Report
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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