Global Nutraceuticals Market to Reach Us$278.96 Bn by 2021 Owing to Increasing Demand for Nutritional Diet

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 to Reach US$278.96 bn by 2021

owing to Increasing Demand for Nutritional Diet

Transparency Market Research

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Nutraceuticals Market

REPORT DESCRIPTION

Transparency Market Research has published a new report on the global nutraceuticals market. As per the

report, the global nutraceuticals market is expected to expand at a 7.30% CAGR during the period from

2015 to 2021. The report, titled ‘Nutraceuticals Market - Global Industry Analysis, Size, Share, Growth,

Trends, and Forecast 2015 - 2021,’ states that the global nutraceuticals market is predicted to rise in value

from US$182.60 bn in 2015 to US$278.96 bn by 2021 owing to the increasing occurrence of noncommunicable chronic diseases.

The global nutraceuticals market is predicted to register rapid growth in the years to come due to

consumers' increasingly inclination towards healthy and nutritional food, dietary supplements, and

beverages. People have become health conscious and study about nutritional products in advance before

buying them. Dietary supplements are consumed not only to meet the daily intake of the required nutrition

but also to boost physical performance. All of these factors are expected to propel the global

nutraceuticals market in the next few years. The extensive preference for nutritional, healthy, and herbal

products is expected to fuel the growth of the global nutraceuticals market.

The usage of nutraceuticals is expected to be driven by the rising healthcare expenditure by consumers

around the world. Moreover, some nutraceuticals are regarded as alternatives to OTC and...