The market was valued at USD 205.39 billion in 2016, and is expected to reach USD 297 billion by the end of 2022, at a CAGR of 6.5% over 2017-2022 (the forecast period).
The report provides a detailed analysis of nutraceutical market, which is broadly segmented into functional food, functional beverage, and dietary supplement. Dietary supplements are available in the form of tablets, capsules, and liquids. The nutraceutical ingredients include - pre-biotic and pro-biotic vitamins, minerals, fibers, proteins, omega 3 and structured lipids, amino acids, and other ingredients. Foods fortified with omega fatty acids are expected to grow by 6.8% during the forecast period.
Nutraceutical ingredients find application in - cereals, grains, nuts, vegetables, fruits, dairy products, poultry products, sea food, confectionery items, non-alcoholic beverages like juices, energy drinks, sports drinks, etc. Few examples of functional foods are - yogurts with pro-biotics, drinks with herb blends, soya beverages rich in proteins. The functional food category has had the highest growth in energy drinks, healthy snacks, and breakfast products.
The report also provides a detailed regional analysis. The leading nations in the global nutraceutical markets are the United States, Japan, Israel, and Germany. Rising consumption of dietary supplements among the baby boomer generation and the thriving food and beverages market is driving the US nutraceutical market that is expected to reach USD 96 billion by 2022, at a 6% CAGR. The United States is still expected to dominate functional food market globally by 2022, with an expected CAGR of 8.8%. This is followed by Asia-Pacific. 47% of the Japanese population consumes nutraceutical products, which can be attributed to the growing aging population.
Browse Full Report with TOC: https://www.mordorintelligence.com/industry-reports/global-nutraceuticals-market-industry
The report covers the following key factors:
Objective of Studies:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and business advisory firm. The company operates in the business of industry analysis & consulting, in over 16 verticals. In today’s fast-paced and competitive business environment, every customer has unique information requirement. Having understood this, Mordor offers custom market intelligence and advisory services along with syndicated reports, to help them gain an edge over the competition. The company has successfully catered to over 500 (40% of fortune 500) clients since 2013.