SAN FRANCISCO, January 9, 2018
SAN FRANCISCO, January 9, 2018 /PRNewswire/ --
The global nutraceuticals market is projected to reach USD 578.23 billion by 2025, according to a new report by Grand View Research, Inc. Rising health concerns are likely to drive the product demand over the next eight years.
Growing awareness regarding the consumption of healthy foods has resulted in increased demand for nutraceuticals in the U.S. The European market is driven by a steady innovation of high-performance natural ingredients used in nutraceuticals. Increasing adoption of e-commerce and growing consumer awareness through social media are further likely to augment the demand for nutraceuticals over the forecast period.
The market has witnessed an increased focus on the ingredients used for manufacturing nutraceuticals. The demand for natural products is expected to grow at a rapid pace over the next eight years as consumers perceive these products to be healthier and more effective as compared to synthetic products.
Market players have been trying to expand their competitive profile by setting up innovation centers for new product development. For instance, in December 2016, Cargill started Cargill ONE Innovation Center for developing innovative flavors and food products.
Browse full research report with TOC on "Nutraceuticals Market Analysis By Product (Dietary Supplements, Functional Food, Functional Beverage), By Region (North America, Asia Pacific, Europe, CSA, MEA), And Segment Forecasts, 2014 - 2025" at: https://www.grandviewresearch.com/industry-analysis/nutraceuticals-market
Further Key Findings From the Report Suggest:
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Grand View Research has segmented the global nutraceuticals market on the basis of product and region:
Read Our Blog By Grand View Research: https://www.grandviewresearch.com/blogs/food-and-beverages
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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