Nutraceuticals provides health benefits and helps in prevention and healing of diseases. The global nutraceuticals product market is primarily categorized on the basis of functional food, functional beverages and dietary supplements. The global market of nutraceutical is a growing on account of growth in dietary supplement segment. North America has the highest market share for nutraceutical product market. The growth in North American region is primarily supported by the U.S. as consumers in the U.S. are more conscious about health and food habits.
Some of the factors driving Nutraceutical Market are the increase in disposable income and conscious about one’s health. The spending on purchase of healthy and organic foods is on a rise thus giving a boost to the overall Nutraceutical market. Some of the factors restraining the market growth are the lack of knowledge about the benefits of Nutraceutical products and high prices of Nutraceutical products.
Among all the geographies North America has the largest consumer base for Nutraceutical products. Although the market is at a mature stage in this region, it has witnessed a growth rate of more than 6% during 2007-2011. Developing countries like China and India possess huge potential both in terms of value and volume for Nutraceutical products, as the population and disposable income is on a rise in these countries.
The Global nutraceutical market will have a positive growth rate in protein and peptides segment of dietary supplement market. The non herbal segment of dietary supplement market will have a steady growth rate during 2012-2017. The omega fatty acid fortified food segment of functional food market will have a moderate growth rate 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% in 2017. The dietary supplement market will be fastest growing market during 2012 – 2017 as it helps in improving the body ability to heal and protect itself.
The Asia Pacific Nutraceutical product market is an emerging market in dietary supplements and functional food segment. Japan is the largest consumer of nutraceuticals. China is second largest consumers of nutraceutical product as people are more conscious about their food habits and they have the largest population in the world. The functional food market in India is expected to have the moderate growing rate as compared to dietary supplement in the region. The functional food and beverage market in India is expected to have 70.74% as compared to the dietary supplement in 2017.
Functional Food remained the fastest growing segment of North America nutraceutical market at 6.5% CAGR during 2007 – 2011. Non Herbals segment was the fastest growing segment of North America dietary supplement market during 2007 – 2011 whereas Proteins & Peptides market segment has the largest share of revenue of North America dietary supplement market in 2011. The fact that the entire nutraceutical market is currently learning about the consumer range of choices, which has no limit, which is giving rise to rapid product introduction in the region. The functional beverage market in U.S.is expected to have the moderate growing rate as compared to dietary supplement market in the region.
Dietary Supplement market remained the fastest growing segment of Middle East and Africa nutraceutical market at 30.8% CAGR during 2007 – 2011. Non Herbals segment was the fastest growing segment of MEA dietary supplement market during 2007 – 2011 whereas Proteins & Peptides market segment has the largest share of revenue of MEA dietary supplement market in 2011.
The Eastern Europe Nutraceutical product is growing on account of high growth in functional food, and dietary supplement supplements segments. Russia is the largest consumer of nutraceuticals in the region. The growth in nutraceutical products taking place due to increasing made age population in the region. The Russia and Hungary nutraceutical market is expected to have a market share of 24.4% and 20.2% in 2017. The increase in disposable income of Eastern European consumer over the evaluation period 2012-2017 would also help in faster adoption of nutraceuticals product adoption in the region.
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 year stretch of market data & forecast, based on following segmentations:
The dedicated team of researchers and analysts at Business Research Industry into the Advantage of Knowledge for your company. Data becomes knowledge through the application of Dolcera's optimization process as follows.