Hyderabad, India -- (SBWIRE) -- 03/20/2018 -- A nutraceutical substance is any nourishment, or part of a food, that gives medical advantages and aides in the anticipation and treatment of disease. The current trend in the society is that consumers are inclined to be preventive rather than to respond to the health issues, which include tremendous human services costs in developed nations.

There is a shift in the individuals' preference for synthetic ingredients to natural and organic food products that are produced from non-GMO extracts. Creating supplements in light of a person's genetics and way of life changes would help in developing customized functional foods, in light of the genetic segment.

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The Europe nutraceuticals market is estimated to have a value of USD 36.5 billion in 2016. With a CAGR of 6.88%, the market size is expected to grow rapidly to cross USD 50.91 billion by 2021.
The market growth apart from rising consumption of dietary substances by baby generations is the booming growth of food & beverages industries that create demand for nutraceuticals. Late advancements and discoveries of function-specific antioxidants are relied upon to make new opportunities open in this growing market. Nutraceutical items are necessary to the healthy world.

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On account of growing population of the countries in this region, the product demand for the dietary supplements, is rising resulting in the largest share of the dietary supplements segment in 2016. In the dietary supplements the variety of Botanical dietary supplements segment is anticipated to witness lucrative growth rate due to its growing popularity owing to its less cost compared to other classifications.

The market is estimated to witness significant developments in the given forecast time frame, owing to the increase in demand for preventive health care and rise in medical treatment, which induces the interest for nutraceuticals-containing product items. Be that as it may, high investment for R&D may hamper the market growth to some extent.

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As of now, Europe with its rising concentration of key players situated in that region and increasing utilization of functional food and beverages by consumers is estimated to witness augmented growth during the forecast period.

The major market contributors for the Europe 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.

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