Nutraceutical Supplements Market: Consumer Demand for Specialty Ingredients to Grow

Posted on 2019-03-20 by Mark Hub in Food & Beverage // 0 Comments

Rockville, USA, 2019-Mar-20 — /EPR Network/ — The purpose of this rich study presented by Fact.MR is to elaborate the various market projections impacting the global Nutraceutical Supplements market during the period until 2027. This assessment delivers high-end statistics concerning market size (US$ Mn), Y-o-Y growth and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the Nutraceutical Supplements Market during the forecast period.

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According to Fact.MR study, demand for prebiotics & probiotics dietary supplements is rising rapidly and projected to register over 10% y-o-y in 2019. Increasing awareness regarding the use of probiotics to maintain good health and to reduce the risk of multiple diseases has led to a significant demand for prebiotics and probiotics as dietary supplements.

Herbal supplements and protein & amino acid supplements are projected to register comparable market revenues. Collectively, these segments will account for half the revenue share in 2019. Increasing preference for natural ingredients has led to a significant demand for herbal supplements.

The study finds that protein & amino acid supplements revenues are expected to grow at an impressive y-o-y of 8.7% in 2019. Rising levels of dietary protein intake in daily consumption are responsible for the rising sales of protein & amino acid supplements.

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A constructive research methodology has been adopted to garner unique insights and intelligence on nutraceutical supplements market and growth of nutraceutical supplements market for the forecast period of 2018-2027. The growth prospects and dynamics of nutraceutical supplements featured in the nutraceutical supplements market report have been procured from primary and secondary research methods conducted with utmost diligence for nutraceutical supplements market.

The nutraceutical supplements market has been segmented on the basis of product type, consumer orientation, form, sales channel, and region. By product type, the nutraceutical supplements market has been segmented into vitamins & minerals supplements, herbal supplements, protein and amino acid supplements, and prebiotics & probiotics dietary supplements.

The study estimates that North America held nearly 30% of nutraceutical supplements market share in 2018. As the prevalence of nutrition deficiencies continues to rise, Americans are highly dependent on dietary supplements to maintain good health.

While Europe represented the second largest market for nutraceutical supplements in 2018, developing regions including Latin America and APEJ reported rapid expansion of nutraceutical supplements market. APEJ registered nearly US$ 16 billion nutraceutical supplements market and grew at 9% y-o-y in 2018.

The Fact.MR report tracks the nutraceutical supplements market for the period 2018-2027. According to the report, the nutraceutical supplements market is projected to grow at 7% CAGR through 2027.

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