Nutraceuticals Market Will Increase Strongly Through 2021

Transparency Market

Research

Nutraceuticals Market - Global Industry Analysis, Size, Share,

Growth and Forecast 2015 – 2021

Published Date

23-09-2015

87 Page Report

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Press Release

Global Nutraceuticals Market Players to Find Promising Growth

Opportunities in Asia Pacific

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Nutraceuticals Market

REPORT DESCRIPTION

The global market for nutraceuticals has exhibited a steady rise in recent years, thanks to the increasing

demand for nutritional food in the global arena. The rise in the cost associated with medical treatment and

healthcare has driven the interest of consumers towards nutraceuticals, owing to their ability to act as a

substitute of OTC as well as prescription drugs.

A recent report published by Transparency Market Research (TMR), a market research and intelligence firm,

states that the worldwide nutraceuticals market reached a value of US$182.6 bn in 2015. Analysts at TMR

estimate this market to expand at a CAGR of 7.30% during the period from 2015 to 2021 and arrive at a

value of US$278.9 bn by the end of 2021.

Mexico Poised to Become Fastest Growing North American Nutraceuticals Market

North America has been leading the global nutraceuticals market for a decade now. The increased

awareness pertaining to healthcare among consumers has been driving this regional market significantly.

The U.S. and Canada are the key domestic markets for nutraceuticals in North America, whereas the

Mexico market is still in its nascent stage. However, analysts project the Mexico nutraceuticals market to

gain impetus and become the fastest growing market in the region in the coming years. The increasing

purchasing power of Mexicans is expected to become the key catalyst for this growth.

Major Manufacturers Targeting Japan,...