Which are Nutraceuticals? How it is important in Current Food-Beverages Industry? What are Emerging Market Trends? Know in Detail.
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According to This report, the Global Nutraceuticals Market is accounted for $183.8 billion in 2015 and is expected to reach $295.0 billion by 2022 growing at a CAGR of 6.9% during the forecast period. Some of the key drivers of the market growth are increasing Healthcare costs and rising demand for Nutritional diets in developed nations.
However ingredients and raw material contamination, low awareness among the geriatric population and unclear regulatory guidelines are hampering the market. Functional food commanded the market with around 30% of the market share owing to increased demand for these foods especially in developed nations.