Market Research Store: Global Nutraceuticals Market accounted for $171.8 billion in 2014 and is expected to reach $295 billion by 2022, growing at a compound annual growth rate (CAGR) of 7% from 2014 to 2022.
Deerfield Beach, FL -- (SBWIRE) -- 09/22/2015 -- Global Nutraceuticals Market Outlook (2014-2022)
The Global Nutraceuticals Market accounted for $171.8 billion in 2014 and is expected to reach $295 billion by 2022, growing at a compound annual growth rate (CAGR) of 7% from 2014 to 2022. Some of the key drivers of the market growth are increasing health awareness and health concerns. However the threat of ingredients and raw material contamination could pose a challenge to the growth of this market.
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The Global Nutraceuticals Market is categorized into four segments: type, applications, ingredients and geography. Based on type, the global nutraceuticals market is segmented into Functional Food, Functional Beverages and Dietary Supplements. By applications, the global nutraceuticals market is categorized into General Wellness, Beauty and Anti Aging, Weight Management, Digestive Health and Sports and Energy. By Ingredients the global nutraceuticals market is segmented into Fiber, Probiotics, Omega 3, Vitamins and Protein. By geography, the global nutraceuticals market is segmented into North America, Europe, Asia and Rest of the World.
The major players in the the Nutraceuticals Market include BASF, Cargill Inc.,Dupont, Arista Industries, Omega Proten Corp., Zymes, Martek Biosciences Corp., Croda International, Royal DSM and Nordic Naturals.
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