Global nutraceuticals market is to reach _295 billion by 2022 with cagr of 7_ – whatech
WhaTech Channel: Food & Beverage Market Research
Published on Monday, 09 November 2015 15:09
Submitted by Danny WhaTech Max
Market Research Store
Reads: 5 times
Some of the key drivers of the market growth are increasing health awareness and health concerns.
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The Global Nutraceuticals Market accounted for $171.8 billion in 2014 and is expected to reach $295 billion by 2022, growing at a compound
annual growth rate (CAGR) of 7% from 2014 to 2022.
However the threat of ingredients and raw material contamination could pose a challenge to the growth of this market.
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The Global Nutraceuticals Market is categorized into four segments: type, applications, ingredients and geography. Based on type, the global nutraceuticals market is segmented into Functional Food, Functional Beverages and Dietary Supplements.
By applications, the global nutraceuticals market is categorized into General Wellness, Beauty and Anti Aging, Weight Management, Digestive Health and Sports and Energy. By Ingredients the global nutraceuticals market is segmented into Fiber, Probiotics, Omega 3, Vitamins and Protein.
By geography, the global nutraceuticals market is segmented into North America, Europe, Asia and Rest of the World.
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The major players in the the Nutraceuticals Market include BASF, Cargill Inc.,Dupont, Arista Industries, Omega Proten Corp., Zymes, Martek Biosciences Corp., Croda International, Royal DSM and Nordic Naturals.
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