Global Nutraceuticals Market 2015-2019
The term nutraceutical was coined from the words nutrition and pharmaceutical, by Stephen Defelice, in 1989. Defelice was the founder and chairman of the Foundation for Innovation in Medicine, an American organization that encourages medical health discovery. A nutraceutical substance is any food, or part of a food, that provides medical or health benefits and helps in the prevention and treatment of disease.
Technavio's analysts forecast the global nutraceuticals market to grow at a CAGR 6.5% in terms of revenue during 2014-2019.
Covered in this Report
The global nutraceuticals market can be segmented into three categories: functional beverage, functional food, and dietary supplements.
Technavio's report, Global Nutraceuticals Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global nutraceuticals market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Nutraceuticals Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Nutraceuticals Market: ADM, BASF, Cargill, DSM Nutritional Products, Dupont, GlaxosmithKline and Nestle
Other Prominent Vendors in the market are: Abbott Nutrition, Bactolac Pharmaceuticals, Bayer, Bio Correx, Danone, Elders Pharmaceuticals, Eternal Lifestyles, Fitlife Brands, Mission Vivacare, Natural Remedies, Nature's Sunshine, NBTY and Perrigo
Commenting on the report, an analyst from Technavio’s team said: “The global nutraceuticals market is highly competitive and has numerous local and international vendors prevailing in it. To compete in the market, vendors are introducing numerous new and innovative nutraceutical food products in the market. Companies are trying to introduce new innovative products on the basis of ingredients, packaging, and serving ability. As consumers are also increasingly interested in tasting new products, new flavors, and recipes, foods that have been developed using several cultural cuisines are also continuously being launched in the market. Therefore, the increase in innovative nutraceutical food product launches is one of the key trends that is expected to propel the growth of the global nutraceuticals market during the forecast period.”
According to the report, in the past few years, there has been a drastic rise in the occurrence of health problems such as diabetes, allergies, and obesity among the aging population. Hence, people have increasingly become health conscious and are following healthy diets to prevent or reduce the occurrence of diseases and illnesses. The aging population is demanding food that has fewer calories but the right combination of essential nutrients. Thus, healthy eating has increased the demand for artificial sweeteners and fat replacers. In the Americas, the high popularity of low-calorie, low-fat foods has, in turn, created a huge demand for nutraceutical products such as vitamins, probiotic-fortified foods, non-carbonated drinks, protein, and peptides.Further, the report states that the major challenge faced by the market is the threat of ingredient and raw material contamination.
ADM, BASF, Cargill, DSM Nutritional Products, Dupont, GlaxosmithKline, Nestle, Abbott Nutrition, Bactolac Pharmaceuticals, Bayer, Bio Correx, Danone, Elders Pharmaceuticals, Eternal Lifestyles, Fitlife Brands, Mission Vivacare, Natural Remedies, Nature's Sunshine, NBTY, Perrigo
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