November 25, 2019
According to the research report titled ‘Global Nutraceuticals Market - Analysis By Type (Functional Beverages, Functional Food, Dietary Supplements), Distribution Channel, By Region, By Country: Opportunities and Forecast (2018-2023) - By Region (North America, Europe, APAC), By Country (U.S, Canada, Germany, U.K, Italy, China, Japan, India)’ available with Market Study Report LLC, the global nutraceuticals market is expected to grow with a CAGR of 11.95% during the period of 2018-2023.
For the record, nutraceuticals include products that are extracted from food sources and provide additional health benefits apart from the basic nutritional value acquired from foods. These products work as diet supplements while helping in prevention and treatment of diseases, which is the augmenting the growth of nutraceutical market.
Rising elderly population, coupled with growing occurrences of lifestyle diseases like diabetes, high cholesterol, obesity, and high blood pressure will further drive nutraceuticals market growth.
Based on product type, the global nutraceuticals market is categorized into functional food, functional food beverages, and dietary supplements. Functional foods are further classified into omega fatty acid containing food and probiotic fortified foods. Functional beverages are segmented into fortified dairy drinks, fortified juices, and fortified non-carbonated drinks. Moreover, dietary supplements are fragmented into protein supplements, vitamins& minerals, and herbal supplements. According to the research report, functional beverages segment led the nutraceuticals market in 2017.
In terms of distribution channel, the market is divided into offline and online. While considering geographical landscape, the global nutraceuticals market is divided into regions namely, Europe, North America, and Asia-Pacific with key focus on countries such as Canada, US, UK, Germany, Japan, Italy, China and India. The report cites that North America nutraceuticals market held the largest share in 2017.
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The key players in the global nutraceuticals market are Abbott Nutrition, Danone, Yakut, Amway, Nestle S.A., DuPont, GlaxoSmithKline, Monster Beverage Corp., BASF, and DSM.
Notably, the research report discusses and examines the potential growth opportunities in the global nutraceuticals market. It also offers crucial statistics on revenue shares for each segment. The study further aims to provide top-notch business information and helps investors to evaluate their investments thoroughly.
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