Global nutraceuticals market forecast to see healthy growth rate through 2017, reach estimated value of US$180.1B, according to new report
November 1, 2011
– MarketResearch.com has announced the addition of the new report "Nutraceuticals Market to 2017 - Food Additives such as Omega-3 Fatty Acids, Probiotics, Soy and Energy Drinks to Perform Strongly," to their collection of Additives & Supplements market reports. For more information, visithttp://www.marketresearch.com/GBI-Research-v3759/Nutraceuticals-Food-Additives-Omega-Fatty-6511079/
The report offers a comprehensive insight into the global nutraceutical industry, providing key data and analysis on factors shaping the market and its competitive environment. The report provides details on the market size and forecasts for the seven major markets of the US, Japan, the UK, Spain, Italy Germany and France, and across major segments of the nutraceutical industry. It also provides key information on factors driving and limiting the market and the major companies operating within it. In addition, the report covers the major deals to take place in the global nutraceutical industry during the last five years.
The report is based on proprietary databases, primary and secondary research and in-house analysis conducted by GBI Research's team of industry experts to provide a comprehensive view of the global nutraceuticals market.
Research conducted by GBI Research indicates that the global nutraceuticals market is forecast to grow at a healthy rate during 2010-2017. An increase in the elderly population, the affluence of the working population and increasing awareness of, and preference for, preventive medicine are expected to be the major factors to stimulate market growth in the top seven countries of the US, Japan the UK, Spain, Italy Germany and France.
In 2010, the global nutraceuticals market was estimated to be worth $128.6 billion, after increasing at a compound annual growth rate (CAGR) of 4.4% during 2002-2010. Furthermore, the market is forecast to reach $180.1 billion by 2017, after growing at a CAGR of 4.9% throughout 2010-2017.
The functional food segment dominated the nutraceutical market during the review period. The analysis in the report indicates that the functional food segment accounted for 59.4% of overall global nutraceutical market revenue in 2002. Furthermore, the segment is expected to contribute 64.6% to overall global nutraceutical market revenue in 2017. With a CAGR of 5.3%, the functional food market will witness more growth than the dietary supplement market, which is expected to record a CAGR of 4.3% during 2010-2017.
The report indicates that the Japanese functional food market will account for 85% of the country's total nutraceutical market in 2017. The reason for such growth can largely be attributed to an increase in the elderly population, lifestyle changes, the growing incidence of chronic diseases and consequent increasing focus on preventive care in developed economies. The functional food market presents an attractive opportunity to companies operating in the nutraceutical market as the segment is expected to continue to experience expansion and development during the forecast period.
For more information, visit http://www.marketresearch.com/GBI-Research-v3759/Nutraceuticals-Food-Additives-Omega-Fatty-6511079/
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