Food & Beverage Market Research News

Research details developments in the nutraceuticals market

Food & Beverage Market Research

The Middle east and Africa nutraceuticals market valued USD 7.68 billion in 2016 and is estimated to reach USD 11.21 billion by 2021, growing at a CAGR of 7.83% in the forecast period of 2016 to 2021.

Middle east and Africa nutraceuticals market is likely to grow at a fastest pace. This growth is attributed by the Increasing aging population, increase in per capita income in the region.

Proactive lifestyle is driving increasing acceptance for nutraceuticals across the region.  Furthermore, growing consumer demand for healthy food is also expected to drive the nutraceuticals market in the region.

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  The word nutraceutical is derived from “nutrient” (nourishing food component) and “pharmaceutical” (medical drug). Consumers fulfill their daily nutrient requirement with nutraceuticals, also can prevent diseases while using these.Nutraceuticals have received substantial interest due to their safety, potential nutritional and therapeutic values.

People can go for health improvement through supplement food or by the consumption of food that is fortified.

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Drivers for the market are increase in lifestyle diseases all over the world, inadequate nutrition and increase in life expectancy. It is also observed that in developing nations, mortality because of nutrition related factors is nearly xx percent.

A shift is observed between consumers from synthetic supplements to natural or organic ingredients which are obtained from non-Genetically Modified Organisms. Major restrain for the market is lack of awareness in the developing countries about these nutraceutical ingredients.

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The market is divided on the basis of types into prebiotics, probiotics, proteins & amino acids, fibers & specialty carbohydrates, vitamins, phytochemicals & plant extracts, minerals, carotenoids, Omega-3 fatty acids and others. Based on application the market is further segmented into animal nutrition, functional food, dietary supplements, functional food beverages and personal care.

Dietary supplements segment leads the application market while photochemical & plant extracts is the fastest growing division.

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Key players in the market are E. I. du Pont de Nemours and Company, General Mills, Inc., Cargill, Royal DSM N.V., Groupe Danone S.A., Incorporated, BASF SE and Archer Daniels Midland Company.


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