Trend
U.S. Nutraceuticals Market May Grow to $75.3 Billion by 2017
According to the report “US Nutraceuticals Market Forecast to 2017,” analysts forecast the U.S. nutraceuticals market will reach $75.3 billion by 2017, and is slated to grow at a CAGR of nearly 6% during 2013-2017. Research and Markets, Dublin, Ireland, found that the tremendous growth of the market is driven by factors such as the rising consumption of dietary supplements and the booming functional food & beverages market.
In the present report, the U.S. nutraceutical market was broken down into three distinct segments: dietary supplements, functional food and functional beverages, with their current and future outlook to 2017. For market performance analysis, dietary supplements dominate the market by acquiring a share of around 37%, followed by functional food and functional beverages. In addition, the report also covers the nutraceutical ingredient market along with its sub-segments, which helped the analysts to clearly identify and highlight the segments that offer the maximum opportunity for growth in the country.
The report also indicates that the market is performing on the back of rising health concerns, improving economic conditions, the growth of key demographics and a rising focus on e-commerce among consumers. In addition, rising mergers and acquisitions, new prebiotic/probiotic product launches and heart health enhancing nutraceuticals will augment the market growth, according to Research and Markets.
