Demand for Nutraceuticals Expected to Rise as Consumers Show Growing Inclination Toward Natural Ingredients, Says Tmr

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Nutraceuticals Market - Global Industry Analysis, Size, Share,

Growth and Forecast 2015 – 2021

Published Date

23-09-2015

87 Page Report

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Demand for Nutraceuticals Expected to Rise as Consumers Show

Growing Inclination toward Natural Ingredients, Says TMR

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Nutraceuticals Market

REPORT DESCRIPTION

Global Nutraceuticals Market: Snapshot

The increasing consumer spending on functional food and beverages has been presenting lucrative

prospects for the global nutraceuticals market. Consumers, especially those across developed nations, are

currently exploring healthier lifestyle choices to curb the incidence of chronic and lifestyle diseases. Such

trends have bolstered demand for dietary supplement not only as means to boost physical performance

but also disease prevention option. Spurred by such factors, Transparency Market Research (TMR) projects

the global nutraceuticals market to rise at a CAGR of 7.3% between 2015 and 2021.

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Besides growth witnessed across developed regions, the market is also poised to see attractive

opportunities in Asia Pacific. The robust healthcare development demonstrated across emerging

economies of the region and increasing disposable income of people will accelerate the nutraceuticals

market in Asia Pacific.

As per TMR, the global nutraceuticals market stood at US$165.62 bn in 2014. Rising at a CAGR of 7.3%

from 2015 to 2021, the market is expected to reach US$278.96 bn, by the end of 2021.

Demand for Functional Food to Surge Considerably due to Rising Interest in Healthier Lifestyle

On the basis of revenue, functional food...