“US Nutraceutical market is poised to grow at a CAGR of around 5% over the next 5 years” says RNCOS.
Noida, UP -- (SBWIRE) -- 07/29/2014 -- With an estimated population base of 318 Million, the US nutraceutical market breached the mark of US$ 58 Billion and is poised to increase at a CAGR of around 5% to touch an estimated value of around US$ 76 Billion by 2018. The US nutraceutical market is anticipated to witness a rapid evolution owing to the favorubale demographics and R&D for novel product/ingredient development. The other key factors driving the market growth are likely to include the meliorated per head disposable income, consolidation of the industry, and prevalence of numerous lifestyle diseases, among other factors.
Research Analysis & Highlights
Holistically, the “US Nutraceuticals Market Outlook 2018”, report thoroughly discusses the overall US nutraceutical industry in terms of dietary supplements, functional food, and functional beverages. Moreover, the sub-segment market of dietary supplements and functional foods is also discussed in detail. Additionally, the nutraceutical ingredients market, along with its sub-segments has also been analyzed. Apart from the statistical data highlighted in the above mentioned sections, qualitative/quantitative data across the prevailing industry trends, consumer behavior, and regulatory environment is also elicited exhaustively.
The contention prevalent across the US Nutraceutical industry has been intensifying persistently over the past few years, and the same trend is likely to continue in the near future. With new product/ingredient manufacturers foraying the market, launch of novel and innovative products barging the shelves of supermarket stores, increase in the number of M&A, and several research initiatives undertaken by various institutions in order to elicit the positive effect of nutraceuticals on chronic and lifestyle diseases, the nutraceutical market of the US is bound to witness an upsurge in the foreseeable future.
Some of the key findings of the report are:
- Probiotics driving the nutraceutical ingredients market of the US
- Functional confectionary accounts for the highest share in functional foods market
- Dietary supplements are the foremost component of the US nutraceutical industry
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