|By PR Newswire||
|January 28, 2014 06:30 AM EST||
DALLAS, January 28, 2014 /PRNewswire/ --
The report "Nutraceutical Ingredient Market by Type (Probiotics, Proteins, Plant Extracts, Minerals, Vitamins, Fibers, Carotenoids & Others) by Application (Functional Foods & Beverages, Supplements, Animal Nutrition, Personal Care) - Global Trends & Forecasts to 2018", is published by MarketsandMarkets. According to the report, the nutraceutical ingredient market is estimated to grow from $23.8 Billion in 2013 to $33.6 Billion in 2018 with a CAGR of 7.2% from 2013 to 2018.
Browse 131 market data tables and 35 figures spread through 312 pages and in-depth TOC on "Nutraceutical Ingredient Market - Global Trends & Forecasts to 2018"
Early buyers will receive 10% customization on this report.
Nutraceutical Ingredient Market is an emerging sector with various stake holders such as raw material suppliers, processors, product manufacturers and end-use consumers. The product includes functional food, beverages, dietary supplements, animal nutrition and personal care. The nutraceutical product and ingredients market are inter-dependant on each other as any shift in one will have a direct impact on the other. Growing awareness and reliability on the nutraceutical products is offering a strong consumer base for the market. Nutraceutical ingredients are essential for various health purposes and prevent chronic diseases that may occur due to lack of required nutrients in the body.
Fibers & specialty carbohydrates: Most widely used ingredient; phytochemicals & plant extracts are expected to experience promising growth in future
The major nutraceutical ingredients include Prebiotics, Probiotics, Amino acids, peptides & proteins, omega 3 & structured lipids, phytochemicals & plant extracts, Minerals, Vitamins, Fibers & specialty carbohydrates, carotenoids & antioxidants. These ingredients are obtained from the various plant sources, suppliers, poultry farms etc and are served in the form of functional food, beverages, personal care products and supplements to the consumers. With changing lifestyles, consumers are tilted towards healthy diet and are more concerned about the consumption of healthy nutrients due to fear of deficiency and chronic diseases. Therefore, the market for these ingredients is getting a push and is served with wide opportunities.
Asia-pacific: Dominant market for nutraceutical ingredients
On the whole, the market for Asia-pacific is a dominant one with highest growth rate and share. The market holds the power because of ever growing population and urbanization in various developing nations of the region. The market for Asia-Pacific is expected to experience growth of 7.4% from 2013 to 2018. The four most potential nations for nutraceutical ingredient industry are India, China, Brazil and Russia.
Dietary supplements hold the largest market share whereas functional beverages expected to grow with highest rate.
Dietary supplements form the major application of nutraceutical ingredients as earlier the nutraceutical were served as pharmaceutical products. Hence, the majority of ingredients were served in the form of tablets, capsules, etc. In most of the nations, people are not aware of concept of functional food and beverages. However, the concept is getting familiar with growth and development in the economy. The market for dietary supplements is expected to reach $13.0 billion by 2018 whereas a functional beverage is expected to experience the highest growth rate of 7.4% from 2013 to 2018.
Browse related reports
Probiotics Market by Products (Functional Foods, Dietary Supplements, Specialty Nutrients, Animal Feed), Applications (Regular, Therapeutic, Preventive Health Care) And Ingredients (Lactobacilli, Bifidobacteria, Yeast) - Global Trends & Forecasts To 2017
Gluten-Free Products Market By Type (Bakery & Confectionery, Snacks, Breakfast Cereals, Baking Mixes & Flour, Meat & Poultry Products), Sales Channel (Natural & Conventional) & Geography - Global Trends & Forecasts To 2018
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, agriculture industry, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/food-and-beverage
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets