Albany NY (March 13, 2013) (CULRAV.ORG) –
Nutraceuticals Product Market Is Expected To Reach USD 204.8 Billion Globally In 2017: Transparency Market Research
According to Transparency Market Research (www.transparencymarketresearch.com) “Nutraceuticals Product Market: Global Market Size, Segment and Country Analysis & Forecasts (2007-2017)”,Global Nutraceutical Product market reached USD 142.1 billion in 2011 and is expected to reach USD 204.8 billion by 2017, growing at a CAGR of 6.3% from 2012 to 2017. Asia Pacific (including Japan) is expected to have the second largest market share after North America by 2017.
In 2011, the Functional food and Beverage market reached USD 93.0 billion, registering a growth rate of 6.0% from 2007 to 2011. North America enjoyed the highest market share for nutraceutical products at USD 56.4 billion in 2011.
Browse full report at http://www.transparencymarketresearch.com/global-nutraceuticals-product-market.html
Nutraceuticals provide health benefits and help in healing and prevention of diseases. The global nutraceuticals product market is primarily categorized on the basis of functional food, functional beverages and dietary supplements. The global Nutraceutical market is growing majorly on account of growth in dietary supplement segment. North America has the highest market share for nutraceutical product market, which is primarily supported by the U.S. health conscious consumers segment.
The Global Nutraceutical market is estimated to have a growth rate of 6.6% during the forecasted period (2012-2017) in protein and peptides segment of dietary supplement market. The non herbal segment of dietary supplement market will have a growth rate of 6.3% from 2012 to 2017. The omega fatty acid fortified food segment of functional food market will have a growth rate of 6.7% during the forecasted period.
The North America and Asia Pacific nutraceutical market is expected to have a market share of 39.2% and 30.4% respectively in 2017. The dietary supplement market will be the fastest growing market from 2012 to 2017 as it helps in improving the body ability to heal and protect itself.
This report categorizes the nutraceutical market into six geographic regions namely: North America, Western Europe, Eastern Europe, Asia -Pacific Latin America and Middle East & Africa.This report provides a holistic view to the Global nutraceuticals product market with 11 years stretch of market data & forecast, based on following segmentations:
Nutraceutical Product Market Segmentation
- By Functional Food
- Probiotics Fortified Food
- Omega Fatty Acid Fortified Food
- Branded Ionized Salt
- Branded Wheat Floor Market
- Other functional food
- By Functional Beverages
- Fruit & Vegetable Juices and Drinks
- Dairy & Dairy Alternative Drinks
- Noncarbonated Drinks
- Other functional beverages
- By Dietary Supplements Segment
- Proteins & Peptides
- Vitamins & Minerals
- Other Market
- Czech Republic
- Saudi Arabia
- South Africa
- South Korea
- United Kingdom
Nutraceutical Ingredients Market is Expected to Reach USD 29.5 Billion Globally in 2017: Transparency Market Research
According to a new market report published by Transparency Market Research (www.transparencymarketresearch.com) “Nutraceutical Ingredients Market – Global Industry Analysis, Market Size, Share, Growth And Forecast 2007 – 2017”, global nutraceutical ingredients market is expected to be worth USD 20.8 billion in 2012 and is further expected to reach USD 29.5 billion in 2017, growing at a CAGR of 7.3% from 2012 to 2017. The body building segment is expected to be the largest segment at USD 9.5 billion in 2012. In the overall global market, Asia Pacific region is expected to maintain its lead position in terms of revenue till 2017. Asia Pacific is expected to enjoy 37.5% of global nutraceutical ingredients market revenue share in 2017 followed by North America.
Browse the detailed TOC at http://www.transparencymarketresearch.com/nutraceutical-ingredients-market.html
Increasing number of clinical studies confirming the health benefits of nutraceuticals and their broad applications in food, beverages, dietary supplements, and pediatric and adult nutritional preparations has provided support for the growing use of nutraceutical ingredients. Moreover, faster growth in consumption of nutraceutical ingredients worldwide, especially in developing economies has boosted the growth of nutraceutical ingredient market. In addition, increasing economic prosperity in developing countries including India, China, Brazil, Mexico, Russia,South Africa, South Koreaand Poland will enable consumers to spend more on health and nutrition. This will boost the future growth of the nutraceutical ingredient market.
Major segments of nutraceutical ingredients market include Body building, weight control, diabetes control and pain relief. In 2011, body building was the largest segment followed by weight control. The controlling diabetes segment was the third largest segment, accounting for 16.5% revenue share in 2011.
Amino acids and soy-based ingredients segments of body building market witnessed healthy growth rate during the review period (from 2007 to 2011). The growth in amino acid & soy-based ingredient segment is largely attributed to increased trend of fitness in most of the developing nations. The protein and peptide segment is also expected to have steady growth rate because of growing demand for nutritional diet and proper physic all over the world.
Nutraceutical ingredients presents opportunity for new entrants as well for existing players, due to the fact that most of the raw materials are abundant and product manufacturers are increasingly focusing on contract manufacturing outsourcing (CMO). Moreover, large product manufacturers are looking for backward integration, which will grow the competition into the market and will intern increase the market size of the nutraceutical ingredients.
This report is an effort to identify factors, which will be the driving force behind the nutraceutical ingredient market and its sub-markets over the next six years. The report provides extensive analysis of the nutraceutical industry, current market trends for better understanding of the nutraceutical ingredient market. The study presents a comprehensive assessment of the global nutraceutical ingredient market on the basis of:
- Probiotics and Prebiotics
- Amino acids
- Soy-based ingredients
- Omega 3
- Fibers and carbohydrates
- Vitamins & premixes
- Antioxidants & Carotenoids
- Dairy-based Ingredients
- Nutritional lipids and oils
- Phytochemicals & Plant extracts
- North America
- Western Europe
- Asia Pacific
- Latin America
- Eastern Europe
- Middle East and Africa (MEA)
Transparency Market Research is a global 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. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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