August 05, 2011
Wellesley, Mass. – In a recent release, NUTRACEUTICALS: GLOBAL MARKETS AND PROCESSING TECHNOLOGIES (FOD013D) from BCC Research (www.bccresearch.com), the global market for nutraceuticals will reach $151.2 billion in 2011. That value is projected to reach $207.3 billion in 2016, after increasing at a five-year compound annual growth rate (CAGR) of 6.5%.
The global nutraceuticals market can be broken down into three product segments – beverages, foods, and supplements.
The beverage segment, valued at $57.6 billion in 2011, is projected to reach $87.7 billion in 2016, yielding a CAGR of 8.8%.
The food segment should be worth $49.2 billion for 2011 and in 2016 that value should reach $67.3 billion, a CAGR of 6.4%.
The supplement segment will be worth $44.3 billion in 2011 and in 2016 should be worth $52.2 billion, a CAGR of 3.3%.
The global nutraceuticals market is defined as aggregate sales of functional food, beverage, and supplements fortified with bioactive ingredients, with the most notable being fiber, probiotics, protein and peptides, omega, phytochemicals, and vitamins and minerals.
Food companies, already under intense competitive pressure in the traditional food segment, are looking at the nutraceutical market for help. Though the nutraceuticals industry is less than 10% of the total food industry, the market offers significant growth opportunities and wider profit margins. The nutraceutical food market has large untapped segments such as meat and flour, while confectionery, breads, and snacks are more mature markets globally.
This report will be most useful to stakeholders of the food, beverages, and supplements market, including food manufacturers, beverage manufacturers, retailers, wholesalers, food formulators, supermarkets, grain producers, technology providers, research and development (R&D) companies, pharmaceutical companies, and advertisers. Others who may find it informational include current market participants and new entrants who will be able to utilize this report to gain a thorough understanding of market forces, dynamics, and trends.
Nutraceuticals: Global Markets and Processing Technologies( FOD013D )
Publish Date: Jul 2011
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