The report titled Global Nutraceuticals Market – Outlook (2018-22) showcases an in-depth analysis of the market in terms of product types and geography classification. This report also forecasts the growth numbers till 2022 (on a YoY basis) and hence suggests the Compound Annual Growth Rate (CAGR) for the estimated period.
Asia Pacific to grow with highest growth rate in during the period 2018-2022
Asia Pacific is expected to be the fastest growing market in nutraceutical market during the forecast period. This is mainly because of the increasing disposable income as well as the increasing demand for naturals or organic products. The nutraceutical market has its presence mainly in Asia-Pacific. The countries which has the highest number of vendors concentrates in this region including India, China, Japan and Korea. Asia Pacific is the key region to the market for nutraceuticals because of the availability of the raw materials which is also increasing immense acceptance of nutraceutical products.
Dietary Supplements to drive the Nutraceutical market during the forecast period
The Dietary supplement in nutraceuticals is a products that is promotes to supplement the diet which consists of dietary ingredients such as vitamins, minerals, proteins & peptides, herbs or other botanicals, amino acids and many others. The dietary substances are used by consumers in order to supplement the diet by increasing the total daily intake, for proper metabolism and healthy lifestyle. Dietary supplement is in the form of pill, capsule, tablet, or liquid.
Countries such as the U.S., China, India, Japan and Germany are key markets for dietary supplements in nutraceuticals owing to high product adoption rate in these developed economies. China, Brazil and India are expected to witness major growth during the forecast period because of increasing investments by the manufacturers in these regions. The global nutraceuticals market is expected to grow with a CAGR of 7.10% during the forecast period of 2018-2022.
Market Segments and Forecasts Covered in the Report
The Global Nutraceuticals Market is segmented by:
1. Geography (North America, South America, Europe, APAC, RoW)
2. Product Type (Functional food, Functional beverages, Dietary supplements, Personal care)
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Uniqueness of this Report
1. In-depth segmentation of the Global Nutraceuticals market
2. Market drivers, constraints, opportunity and challenges analysed
3. Market Metrics, Market Share, Porter’s Five Forces Analysis
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