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Nutraceutical Ingredient Market is Estimated Reach $33.6 Billion by 2018 http://www.marketsandmarkets.com/Market-Reports/nutraceutical-ingredient-market-1319.html
The report “Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Plant Extracts, Minerals, Vitamins, Fibers, Carotenoids & Others) by Application (Functional Foods & Beverages, Supplements, Animal Nutrition, Personal Care) - Global Trends & Forecasts to 2018 ”, is published by MarketsandMarkets. According to the report, the nutraceutical ingredient market is estimated to grow from $23.8 Billion in 2013 to $33.6 Billion in 2018 with a CAGR of 7.2% from 2013 to 2018. Browse >>
131 Data Tables 35 Figures 312 Pages and in-depth TOC on “Nutraceutical Ingredients Market”
http://www.marketsandmarkets.com/Market-Reports/nutraceutical-ingredient-market-1319.html
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Phytochemicals & Plant Extracts: Expected To Enjoy a Significant Market Share In Future The increasing acceptance of plant-derived products in the market is major driver for increase in market for phytochemicals & plant extracts in future. With increasing health concerns and awareness regarding the benefits of plant derived products, the consumers in developed nations such as U.S., Germany etc are tilting towards these products for securing health and protecting body from various diseases. Continuous focus of research & development towards plant-derived nutraceutical ingredients is resulting in progress in the field and increasing applications. As the current market scenario portrays that the plant extracts and phytochemicals have gained importance in the personal care industry with range of herbal products entering into the market. The concept of cosmeceuticals is emerging with personal being served to the customers as medicines, in order to safeguard them from skin diseases and even the ill effects of the chemically prepared personal care products.
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Asia-Pacific: Dominant Market with Emerging Opportunities In nutraceutical ingredient market, Asia-pacific has come up as a dominant market with largest share and highest growth rate in coming years. This is because of the major factors that is driving the economy of region and are having direct impact on nutraceutical product market, moving to ingredient market. The rate of urbanization in the various growing economies of Asia-pacific is very high and even the population is expected to grow with a significant rate in nations such as India, China etc. The economy is expected to improve in the future of various nations in the region, resulting in increase in disposable income. As the disposable income of people is expected to rise, they tend to spend a ratio of their income towards health benefits that creates market for nutraceutical products resulting in high demand for nutraceutical ingredients. On the other side, the economies of Oceania are experiencing aging population, which is coming up as major driver in countries such as Australia, New-Zealand etc. The population growth rate in the region is not very high, however nutraceutical ingredients are gaining market share with more and more old people preferring nutraceutical products over medicines in order to prevent old-age diseases. http://www.marketsandmarkets.com/Market-Reports/nutraceutical-ingredient-market-1319.html
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