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Nutraceutical Ingredients Market by Type & Application Expected to Hit $33.6 Billion by 2018

The overall nutraceutical ingredients market is expected to experience growth rate of 7.2% from 2013 to 2018, whereas Asia-pacific is expected to grow at a rate of 7.4% for the same period.

 

Dallas, TX -- (ReleaseWire) -- 07/22/2014 -- The report “Nutraceutical Ingredients Market by Type & Application - 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 market data tables and 35 figures spread through 312 pages and in-depth TOC on “Nutraceutical Ingredients Market - Global Trends & Forecasts to 2018"

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Nutraceutical ingredient industry is an emerging one with growing health concerns of people, and awareness regarding the availability of nutraceutical products that helps to prevent various chronic diseases. The developing nations such as China, India, Russia, Mexico, Brazil etc are the major participants in the growth of nutraceutical ingredient market. As the economy of these countries is flourishing, the disposable income of people is expected to increase more in future and the growing health awareness is adding to spend towards health products. Balanced diet, weight management activities etc are rolling up as a part of routine for the upcoming generation. This factor is influencing the market for nutraceutical products which is directly having a positive impact on the ingredient market.

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The different types of nutraceutical ingredients covered in the study are Prebiotics, probiotics, amino acids, peptides & proteins, phytochemicals & plant extracts, omega 3 & structured lipids, fibers & specialty carbohydrates, vitamins, proteins, carotenoids & antioxidants and others. The major regions that are considered for the study are North America, Europe, Asia-pacific and Rest of the world. Asia-pacific forms the dominant market with highest share and CAGR. The overall nutraceutical ingredients market is expected to experience growth rate of 7.2% from 2013 to 2018, whereas Asia-pacific is expected to grow at a rate of 7.4% for the same period.

Nutraceutical ingredients market is an emerging sector with various stake holders such as raw material suppliers, processors, product manufacturers and end-use consumers. The product includes functional food, beverages, dietary supplements, animal nutrition and personal care. The nutraceutical product and ingredients market are inter-dependant on each other as any shift in one will have a direct impact on the other. Growing awareness and reliability on the nutraceutical products is offering a strong consumer base for the market. Nutraceutical ingredients are essential for various health purposes and prevent chronic diseases that may occur due to lack of required nutrients in the body.

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