Due to increase in the chronic and allergic diseases along with aging population, the demand for healthy diet food is increasing, which is influencing the growth prospects of the functional food market as well as the nutraceuticals market. The benefits of functional food over common food is low cholesterol levels and promotes wellness. On the other hand, nutraceuticals are those food that contains the property of both nutrients and pharmaceuticals. Owing to the fact that functional food and nutraceuticals market is on the emerging level, the market size was $150.02 billion in 2018 and it is projected to grow with a compound annual growth rate (CAGR) of 8.73% during the forecast period 2019-2025.
The finding are from a newly compiled marketscape from IndustryARC, titled “Functional Food and Nutraceuticals Market: By Type (Foods, Beverages, and Supplements); Benefits (Health and Wellness, Disease Prevention, Fitness, Beauty); Origin & Ingredient - Forecast (2019-2025).” According to the analyst, "the integration with well-known and credible system such as educators in food sectors, authorities approving the health claims for functional food can help to accelerate the functional food and nutraceuticals market." The report covers Functional Food and Nutraceuticals Market size by type and applications, Functional Food and Nutraceuticals Market share by top 5 companies and also the market share by start-ups during the forecast period.
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Global Functional Food and Nutraceuticals Market: Leading Segments
North America contributes to the highest profit in the global market. Growing urbanization, high rate of mortality due to chronic diseases and increasing awareness regarding clean eating are ballooning the functional food and nutraceuticals market. The region held the share of 31.82% in 2018 and with growing innovations market will boom over the years.
Among all the application, food application is expanding with a higher rate. Growing interest towards weight management and diseases prevention, consumption of the nutrient diet is the crucial phase which is influencing the demand for food supplements, functional food and nutraceuticals. The food application is anticipated to grow with a CAGR of 7.82% through to end period 2025.
Global Functional Food and Nutraceuticals Market: Growth Drivers and Trends
Nutraceuticals are highly beneficial for the infants and younger consumers to promote the correct growth and energy. The increasing concern of parents towards providing their kids required nutrient is prompting the functional food market and nutraceuticals market.
The healthy eating supports the skin and beauty care. Rise in a number of female employment is yet other factor driving the growth prospects of the functional food and nutraceuticals market.
The availability of ready to eat and drink functional food and drinks are accelerating the profit rate in the functional food and nutraceuticals market.
The probiotics and omega-3 are used in fish oils to reduce the heart-related diseases. The increasing demand for fish oils is also booming the functional food and nutraceuticals market.
The populations are more indulge into diet plans such as paleo and keto which only demand for low oil, low carb foods. The diet plan are leveraging the demand for functional food and nutraceuticals.
Increasing demand for organic food, fortified food along with dietary supplements are driving the market.
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Global Functional Food and Nutraceuticals Market: Competitive Landscape
Some of the key players bringing various product innovations in the market are The Archer Daniels Midland Company, Unilever, Royal Friesland Campania N.V, Cargill Incorporated, BASF SE and Arla Food Amba.
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The global nutraceuticals market size is predicted to reach USD 486.36 billion by 2026, exhibiting a CGAR of 8.14% during the forecast period.
The surge in product development and innovation activities and rising availability of nutraceutical products will augur well for the market.
In addition, the increasing adoption of unique marketing strategies by key players will enable healthy growth of the market in the forthcoming years.According to the published report, by Fortune Business Insights, titled “Nutraceuticals Market Size, Share & Industry Analysis, By Product Type (Functional Foods, Functional Beverages, and Dietary Supplements), Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, Online Retail and Others), and Regional Forecast, 2019 – 2026” the market size stood at USD 486.36 billion by 2026.
It provides statistical data on all the recent developments in the market.
It is created after extensive research followed by all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors.
Moreover, it also includes product launches, acquisitions, collaborations & partnerships, and innovations and industry developments.Competitive Landscape: Launch of Nutrilite Cal Mag D Plus by Amway India to Boost Market ProspectsAmway India, India's largest direct selling FMCG Company, launched Nutrilite Cal Mag D Plus, an enhanced version of the calcium supplement.
According to ChemAnalyst report, “Global Nutraceuticals Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global nutraceuticals market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 5.75% during the forecast period.
Nutraceuticals are basically foods which are necessary for well being and can be considered as extra physiological products.
Nutraceuticals are of several types including functional foods which include cereal, confectionary, dairy, and snacks, functional beverages which include energy drinks, sports drinks, dairy, fortified juices, and others, dietary supplements which include vitamins, minerals, enzymes, botanicals, proteins, fatty acids, and others.
Due to their healthy properties, they find application in food therapeutics, and gym supplements industry.Request Sample: https://www.chemanalyst.com/ChemAnalyst/RequestFormNutraceuticals is basically food having both nutritious and pharmaceutical value.
There are many diseases which are caused due to over and under eating in terms of nutrition.
Hence, the price is directly linked to the fluctuations in the prices of food items.
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The Global Food & Beverage Sterilizing Agent Market Report 2020-2027 provides in-depth information on the qualitative and quantitative evaluation of the Market.
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