Functional Foods Sustaining Global Nutraceutical Market Growth

Reportstack has announced that the popularity of functional foods as a major contributor to steady growth of the Global Nutraceutical Market, which is expected to be worth US$33 billion by 2018, growing at a CAGR of 7.03 percent. “There are a few major drivers in the global nutraceutical market, the most important of which is the increase in use of nutraceutical ingredients in enriched foods and beverages, which combined account for 43 percent of the global market,”.

Antioxidants, fibers, probiotics and other products used to provide pharmacological or medical benefit all fall under the nutraceutical umbrella. These compounds are being used to enrich foods and beverages beyond their basic nutritional value, in order to help improve health and protect against disease.  Because of this trend towards functional foods, it is also reporting growth in the Global Antioxidants Market, which is growing at a CAGR of more than 4 percent from 2014-2018.

In addition to being a major component in functional foods, awareness of antioxidants in emerging markets such as China and India have given the global industry a boost. Developing economies are becoming more health conscious as a result of increasing illness, rising populations and rising disposable income. Emerging nations such as China and India have strong domestic demand for food and supplements rich in antioxidants.

To determine the scenario for these vendors in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

To view the table of contents and know more details please visit Functional Foods Sustaining Global Nutraceutical Market Growth report.