The major reasons for this change have been the increasing prevalence of lifestyle diseases and people consciously taking. Nutraceutical ingredients market size, share and forecast. The high growth rate of nutraceuticals products that offer health as well as medicinal benefits however, has been hindered by lack of proper regulatory framework, said the joint study by industry body. Nutraceuticals market analysis, size, share, trends. Global nutraceuticals market 20162020 report is published on october 14, 2016 and has 181 pages in it. A nutraceutical product may be defined as a substance that provides physiological benefit or protection against chronic disease. Market analysis indian nutraceuticals market poised to witness surging growth in demand trends, issues and drivers summarized market expansion in tier 2 and tier 3 cities augurs well for. India is the home of a large n u mber of medicinal herbs, spices and tree species tha t have a substantially l arge domestic. Impact of covid19 on nutraceutical ingredients market get report today. Jan 31, 2015 this statistic shows the market size of nutraceuticals worldwide in 2016, by category. Growing population and rapid urbanization in emerging economies of asia pacific are expected to drive the nutraceutical ingredients market in the region during the forecast period. North america nutraceuticals market growth trends forecast. Pdf nutraceutical market and its regulation researchgate. Market share of major brands in japan functional food and beverages market, fy2012.
Global nutraceutical market is expected to grow at cagr xx % and was valued usd 75. The north america nutraceutical market is competitive in nature having a large number of domestic and multinational players competing for market share. Dietary supplement1,3,4 the dshea formally defined dietary supplement using several criteria. In the wake of nutraceutical market growth rides the implementation of provisions stemming from the food safety modernization act fsma. Nutraceuticals industry is segmented by distribution channel as online stores, specialty stores and others. The global nutraceutical market size was valued at usd 382. Nutraceutical health supplements provide necessary health benefits boosting immune systems, resulting in rising demand for such products thus driving the global nutraceutical ingredients market. Nutraceuticals market size, share, growth and analysis 20202025.
Food companies have strong expertise in largescale manufacturing and global logistics that reach into mass markets of consumers, but their research expertise. Neuraceutical, dietary supplement, market developments introduction. Indian refiners get rare oil cheap as coronavirus chokes demand in china. The nutraceutical industry lies under three main segments which include functional foods, dietary supplements, and herbalnatural products. As the industry expands, the main players have to assure a steady supply of such ingredients. This is a licensed product of ken research and should not. The commodities that have so far reached the market are mainly those belonging to the antioxidants and also omega3 oils, as well as probiotics, among others. According to the report, the global nutraceutical market was worth approximately 383 billion u. This fastgrowing sector includes functional foods such as vitaminenriched products, sports drinks, nutritional supplements, and medically formulated foods. The antioxidant category is primarily composed of phenolicpolyphenolic compounds, but carotenoids as. Nutraceuticals, functional foods and dietary supplements in. Nutraceuticals market in india to double by 2020 ahmedabad. In 2010, the global nutraceutical market experienced a surge in growth, especially post the.
Global nutraceutical ingredients market size will witness robust growth owing to increasing demand for antiaging products. The global nutraceuticals product market holds a substantial scope for growth. Global nutraceuticals market 20162020 market research. Riding high on around 20% annual growth in past six year, the nutraceuticals market in india is expected to double to rs 26,764 crore by 20. Neutraceutical ingredients market global industry analysis. Key factors driving the global nutraceutical ingredients market are the rising reliability of and awareness about nutraceutical products and rapidly expanding customer base across the globe.
Growth in the global nutraceuticals market makers nutrition. Indias nutraceutical industry is set to double in size to rs 26,764 crore approx usd 4 billion by 2020 as rapid surge in the demand for dietary supplements from the upper and middle class will. Preventive healthcare involves the usage of products that can assist in the prevention of various diseases. The increasing emphasis over preventive healthcare, nowadays, has prompted consumers to pay close attention to their everyday nutritional intake, which is reflecting significantly in the uptake of nutraceuticals across the u.
Nutraceutical excipients market global opportunity. Nutraceuticals market growth, trends, and forecast 2020 2025 global nutraceuticals market is segmented by type as functional foods cereal, bakery and confectionery, dairy, snacks, other functional foods, functional beverages energy drinks, sports drinks, fortified juice, dairy and dairy alternative beverages, and other functional beverages, dietary supplements vitamins, minerals. Nutraceutical ingredient market new report by marketsandmarkets. This is a licensed product of ken research and should.
The report covers the market landscape and its growth prospects over the coming years. Nutraceutical a bright scope and opportunity of indian. A nutraceutical product may be defined as a substance, which has physiological benefit or provides protection against chronic disease. The global nutraceutical ingredients market size is projected to grow from usd 152. Global nutraceutical market is estimated as usd 117 billion inr 5148 billion. Market outlook the term nutraceutical ingredients was coined in the late 1980s to define products that have a medicinal benefit. Oct 14, 2016 global nutraceuticals market 20162020 report is published on october 14, 2016 and has 181 pages in it. It provides a market outlook for 20142020 and sets the forecast within the context of the nutraceutical segment to build a complete picture at regional levels. The potential market for nutraceuticals may be large, but a global blockbuster product will require topclass regulation compliance with a patchwork of regulations in each country plus tenacious marketing to navigate the vagaries of national tastes. Nutraceutical ingredients market by type, application, region. Technavios report, global functional food and nutraceuticals market 20162020, has been prepared based on an indepth market analysis with inputs from industry experts. Global nutraceuticals market is expected to grow at a significant cagr in the upcoming years as the scope and its applications are increasing across the globe. Chinese refiners have slashed output by at least 1. The north american market is the largest in the world, followed by asia pacific and europe.
The global nutraceuticals market is primarily growing due to rise in demand for dietary supplements, as well as the health conscious consumers demand for functional foods and beverages, and personal care. Current concepts and prospects of herbal nutraceutical. Global market size of nutraceuticals by category 2016. Nutraceuticals used in dietary supplements such as capsules, tablets, cream and liquids are increasingly adopted for health benefits and maintenance of healthy physique. Nutraceuticals market to 2027 global analysis and forecasts by.
An overview of the global market for nutraceuticals and related processing technologies. Nutraceuticals market middle east and north africa mena. Nutraceuticals market growth, trends, and forecast 2020. The global nutraceutical market is estimated to have a growth rate of 6. Global functional food and nutraceuticals market 20162020. Nutraceuticals market growth, trends, and forecast 2020 2025 global nutraceuticals market is segmented by type as functional foods cereal, bakery and confectionery, dairy, snacks, other functional foods, functional beverages energy drinks, sports drinks, fortified juice, dairy and dairy alternative beverages, and other functional beverages, dietary supplements vitamins. By product type, by product form size, share, outlook, and opportunity analysis, 2019 2027. The shift in consumer preference for healthier food products while shopping, in order to meet their nutritional needs, is fueling the global neutraceuticals market. The indian nutraceuticals market revenues are expected to reach approximately usd 4. Nutraceuticals may be used to improve health, delay the aging process.
Jun 27, 2017 the global nutraceuticals market is primarily growing due to rise in demand for dietary supplements, as well as the health conscious consumers demand for functional foods and beverages, and personal care. This market is said to grow at a compound annual growth rate cagr of 7. There has been resurgence in the area of nutraceutical development in past few years especially because of the development of highly sophisticated. Nutraceuticals market is categorized by end user as young and old. This market is classified on the basis of geography as north america, latin america, western europe, eastern europe, asia pacific, japan and middle east and africa.
Global market size of nutraceuticals by category 2016 statista. Insights into the worldwide nutraceuticals industry to 2027. Global market size of nutraceuticals 2017 statista. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost. Nutraceuticals are products that other than nutrition are also used as medicine. Global nutraceuticals market is is projected to grow at a cagr of 7. Key highlights continues as per novonous estimates, asia pacific nutraceuticals market is expected to show highest cagr growth till 2020 and surpass north america in terms of market share.
India nutraceuticals market size, market share techsci. Preventive healthcare involves the usage of products that can assist in the prevention of various diseases and medical conditions. Report scope this report provides market insights into the global market for nutraceuticals, with specific focus on the u. Nutraceuticals market by functional foods is enriched with proteins and variety of flavors with herb blends, yogurts probiotics and soy. Nutraceutical ingredients market by type, application. Nutraceuticals market size, share, growth and analysis. Nutraceutical market and its regulation article pdf available in american journal of food technology 65 may 2011 with 1,250 reads how we measure reads. Spanning over 181 pages and 151 exhibits, global nutraceuticals market 20162020 report presents an indepth assessment of the global nutraceuticals market from 2016 till 2020. According to the report, the global functional food market was expected to reach approximately 67 billion u.
Rapid expansion of personal care industry will further drive the product demand. Nutraceutical ingredients market global industry analysis. Rising awareness regarding calorie reduction and weight loss in countries, including u. Nutraceutical ingredients market industry growth report 2026. Mar 24, 2016 technavios report, global functional food and nutraceuticals market 20162020, has been prepared based on an indepth market analysis with inputs from industry experts. Nutraceuticals market analysis, size, share, trends, global report. This study discusses the key trends contributing to growth of nutraceuticals on a regional basis, as well as analyses the degree at which global drivers are influencing this market in. Global nutraceuticals market is expected to register a cagr of 7. Nutraceuticals market analysis, size, share, trends, global. The global nutraceutical market size is projected to reach usd 722.
Nutraceuticals, functional foods and dietary supplements. Global nutraceutical market growth analysis report, 20202027. Spanning over 181 pages and 151 exhibits, global nutraceuticals market 20162020 report presents an in depth. Favorable outlook towards medical nutrition in light of increasing application for the treatment of cardiovascular disorders and malnutrition is likely to stimulate the growth of dietary supplements. This statistic shows the market size of nutraceuticals worldwide in 2016, by category.
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