Global Functional Food and Nutraceuticals Market to Exhibit 7.39% CAGR 2016-2020 due to Health Benefits Offered by Multi-herb Supplements

Food Industry

MarketResearchHub.com has added a new research report to its repository. The report, titled “Global Functional Food And Nutraceuticals Market 2016-2020,” offers a comprehensive study on the global functional food and nutraceuticals market and points out the key factors affecting the growth of the market. The report projects the valuation and size of the global functional food and nutraceuticals market in the near future. The existing value chain in the market has been analyzed in the report with emphasis on the upstream and downstream components. The report studies the overall functional food and nutraceuticals market on the basis of product and region. Profiles of some of the key players in the market have been included in the report along with insightful information about them.
Functional food and nutraceutical products are witnessing an increasing popularity as their consumption leads to positive impacts on the digestive system, immune system, the heart, and joints. Consumption of these products is considered a preventive measure to reduce the risks of various diseases. Functional food and nutraceutical products are usually available in the form of powders, liquids, tablets, pills, and gel capsules.

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The report projects the global functional food and nutraceuticals market to expand at a CAGR of 7.39% during the period between 2016 and 2020. A sharp rise in healthcare costs has fuelled the consumption of functional food and nutraceuticals as a preventive and alternative measure. However, the availability of adulterated functional food and nutraceutical products is expected to hinder the growth of the market during the forecast horizon.

On the basis of product type, the report segments the global functional food and nutraceuticals market into functional beverages, functional food, and dietary supplements. Functional food products contain ingredients that provide a specific medical benefit, in addition to the primary nutritional benefits of the food. A functional beverage refers to a non-alcoholic drink containing minerals, amino acids, vitamins, herbs, and raw fruits or vegetables. Dietary supplements contain one or multiple vitamins, amino acids, herbs, and minerals. The report analyzes the demand for each of the product segments during the forecast period.

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The report studies the global functional food and nutraceuticals market across four key regions: Asia Pacific, Europe, North America, and Rest of the World. The report takes into account the various micro- and macro-economic factors impacting the growth of the market in these regions.
Describing the competitive landscape, the report profiles some of the key players in the global functional food and nutraceuticals market such as Coca-Cola, BASF, PepsiCo, Nestle, Kellogg, Amway, Bayer Healthcare, Abbott Nutrition, Clif Bar, Champion Nutrition, Danone, Herbalife, Herb Pharm, Himalaya Herbal Healthcare, Nature’s Bounty, Pfizer, Otsuka Holdings, Nutraceutical, Pacific Health Laboratories, Ultimate Nutrition, Schiff Nutrition Group, Rainbow Light Nutritional Systems, and Nordic Naturals.

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