Market Research Future (Food and Beverages) Nutraceuticals Market Research Report- Forecast | Page 4

Nutraceuticals Market Research Report- Forecast till 2023
3 Sample Pages
On the basis of ingredients, vitamins and minerals is dominating the market holding a leading share of 47.40%.
Vitamins deficiency identified among the growing population is driving the growth of this segment. Moreover,
health benefits of vitamins include their ability to prevent and treat various diseases including heart problems,
high cholesterol levels, and eye disorders. However, Omega-3 is the fastest growing segment as an active
ingredient in nutraceuticals at a CAGR of 8.23% over the forecast period followed by probiotics. Omega-3 fatty
acid is the most potent neutarceutical used against hardening of heart arteries and is used as an active
ingredient in many industries.
On the basis of distribution channel, store based distribution channel dominates the market based on one stop
shopping experience. However, non-store based distribution channel are projected to grow at the highest rate
with a CAGR of 7.46% over the estimated period.
Key Findings:
Global nutraceuticals market is projected to reach USD 319.6 billion by 2023 at a growth rate of 6.70%
Dietary supplement is witnessed to have the highest growth rate with CAGR of 6.88% over the forecast period
2017-2023
Functional foods is expected to grow at a CAGR of 8.1% in Asia Pacific followed by RoW over the forecast
period.
Omega-3 is projected to witness the highest growth rate in active ingredients of nutraceuticals followed by
probiotics over the estimated period.
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