(Entertainment-NewsWire.com, October 12, 2017 ) North America held the largest share in 2016 with US as the leading market. Globally, North America generated the highest revenue in the nutraceuticals market in 2016. The market growth in this region is attributed to the growing consumer's awareness regarding their health and food habits. Dietary supplements and functional food is an emerging segment in the nutraceuticals market in this region. This market is anticipated to witness a high growth rate in the herbal, vitamins, and minerals segment of the dietary supplement market.
The word nutraceutical is made with the combination of “nutrient” (nourishing food component) and “pharmaceutical” (medical drug), it includes product obtained from food sources with added health benefits along with the basic food values. Disease prevention and boost in physical performance are the benefits taken from dietary supplement. Nutraceuticals have numerous values like their safety, potential nutritional and therapeutic values. Health improvement of people can be done through supplement food or by the consumption of food that is fortified. It also deals with the gut complications such as Crohn’s disease, ulcerative colitis, gluten therapy resistant celiac and irritable bowel syndrome that results from imbalance and overgrowth of intestinal microbial flora.
Demand of nutraceutical products is increasing because of lack in nutritional intake in regular food, underscoring the need for nutraceutical products. The key reasons driving the market have been the increase in lifestyle diseases all over the world and inadequate. Lack of awareness in the developing countries about these nutraceutical ingredients is restricting the growth of the market in those regions.
The market is divided on the basis of types into prebiotics, probiotics, proteins & amino acids, fibers & specialty carbohydrates, vitamins, phytochemicals & plant extracts, minerals, carotenoids, Omega-3 fatty acids and others. Based on application the market is further segmented into animal nutrition, functional food, dietary supplements, functional food beverages and personal care. Dietary supplements segment leads the application market while photochemical & plant extracts is the fastest growing division.
Key Players in the North America Nutraceuticals Market are E. I. du Pont de Nemours and Company, General Mills, Inc., Cargill, Royal DSM N.V., Groupe Danone S.A., Incorporated, BASF SE and Archer Daniels Midland Company.
Scope of the Report
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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