Increased spending on nutritious food propels the market for nutraceuticals

Market - Mohit Shah - Jul 18,2017

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increased spending on nutritious food propels the market for nutraceuticals

As per statistics, the global nutraceuticals market is estimated grow at a CAGR of 7.3% from 2015 to 2021; market anticipated to acquire a value of US$ 278.96 Billion.

In the recent past, it has been analyzed the global nutraceuticals product market has shown steady growth. This trend is anticipated to continue in the upcoming years due to increasing consumer spending on nutritious as well as healthy functional food, dietary supplements and beverages worldwide.

As per a recent report published by Market Research Reports Search Engine (MRRSE), the worldwide nutraceuticals market is anticipated to grow at a CAGR of 7.3% from 2015 to 2021. At this pace, the overall market is expected to gain a value of US$ 278.96 Billion by the end of the above stated period. Interestingly, the consumers in developed nations are presently realizing healthier lifestyles to decrease the prevalence of lifestyle as well as chronic disorders. Hence, such trends have strengthened demand for a dietary supplement not restricted to just being a path to boost physical performance but also as an option for disease prevention.

Further elaborating the specific market insights, in developing countries such as India and China, the growth of affluent middle-class population is moving towards several lifestyle changes, which enable them to purchase functional foods as well as dietary supplements. Furthermore, various factors such as high-income levels of consumers, widespread preference for specialty nutritional and herbal products and greater awareness are fueling the growth of the global nutraceuticals market.

The steady growth of the sector is all thanks to the efforts by the active manufacturers such as Royal DSM N.V., BASF SE, Cargill, Incorporated, Groupe Danone S.A., E. I. du Pont de Nemours, Archer Daniels Midland Company, Nestle S.A., and Company, and General Mills, Inc.


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