Nutraceuticals Market Overview, Driving Factors, Key Players and Growth Opportunities by 2024

The new report published by IMARC Group titled, “Nutraceuticals Market Report: COQ10, Probiotics/Prebiotics, Taurine, Omega-3, Green Tea, Antioxidants, Calcium, Lycopene, B-Complex, Dietary Fibre, Collagen, Aloe Vera and Zinc”, finds that the nutraceuticals market size reached a value of US$ 266 Billion in 2018, exhibiting a CAGR of nearly 6% during 2011-2018. Nutraceuticals are food and beverages which cater to individual nutritional demands and offer health benefits beyond basic nutrition. Nutraceuticals range from fortified products (such as vitamin-fortified juices) to enhanced commodities(such as eggs with higher omega-3 content). These products can be required due to certain health conditions, professional needs or food allergies and intolerances, and can help enhance immunity and digestion, prevent chronic diseases, improve cognitive behaviour, etc.

Highlights of the Global Nutraceuticals Market:

• The shifting consumer preference towards personalised nutrition products remains the major growth driver.
• Digestive and immune health products dominated the market, representing the most popular indication type.
• The United States is the largest market, accounting for around a fourth of the global market.

The market is currently being driven by a number of growth inducing factors. One of the major factors is the shift towards personalized nutrition which has enabled the manufacturers to provide products that are better suited to the individual health and nutritional requirements of the consumers. Furthermore, the increase in the aging population and the prevalence of lifestyle diseases, particularly in the developed regions, has encouraged the demand for nutraceuticals. Several other factors such as better understanding towards fitness, growing health concerns, lifestyle changes, increasing disposable incomes and demand from emerging regions are also stimulating the global nutraceutical market. New product launches are further projected to strengthen market growth. Owing to these factors, the market is expected to reach a value of US$ 403 Billion by 2024.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/global-nutraceuticals-market

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Created on Sep 4th 2019 05:44. Viewed 361 times.

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