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Nutraceuticals Market Is Expected to Reach Us$278.96 Bn by 2021

  • Date Submitted: 04/22/2016 12:21 AM
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Transparency Market
Research

Nutraceuticals Market - Global Industry Analysis, Size, Share,
Growth and Forecast 2015 – 2021

Published Date
23-09-2015

87 Page Report

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Press Release

Global Nutraceuticals Market to Reach US$278.96 bn by 2021
owing to Increasing Demand for Nutritional Diet

Transparency Market Research
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Nutraceuticals Market

REPORT DESCRIPTION

Transparency Market Research has published a new report on the global nutraceuticals market. As per the
report, the global nutraceuticals market is expected to expand at a 7.30% CAGR during the period from
2015 to 2021. The report, titled ‘Nutraceuticals Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2015 - 2021,’ states that the global nutraceuticals market is predicted to rise in value
from US$182.60 bn in 2015 to US$278.96 bn by 2021 owing to the increasing occurrence of noncommunicable chronic diseases.
The global nutraceuticals market is predicted to register rapid growth in the years to come due to
consumers' increasingly inclination towards healthy and nutritional food, dietary supplements, and
beverages. People have become health conscious and study about nutritional products in advance before
buying them. Dietary supplements are consumed not only to meet the daily intake of the required nutrition
but also to boost physical performance. All of these factors are expected to propel the global
nutraceuticals market in the next few years. The extensive preference for nutritional, healthy, and herbal
products is expected to fuel the growth of the global nutraceuticals market.
The usage of nutraceuticals is expected to be driven by the rising healthcare expenditure by consumers
around the world. Moreover, some nutraceuticals are regarded as alternatives to OTC and...

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