Key players in North America Nutraceuticals Market include Archer Daniels Midland Company (U.S.), DuPont (U.S.), Cargill, Inc. (U.S.), BASF SE (Germany), and Royal DSM N.V.(Netherlands)
(PRWEB) April 10, 2015
The North American Nutraceuticals Market report defines and segments the nutraceuticals market in North America with analysis and forecast of revenue. The North American nutraceuticals market is estimated to grow from $6,570.2 million in 2014 to $9,250.9 million by 2019, at a CAGR of 7.1% from 2014 to 2019.
Browse through the TOC of North America Nutraceuticals Market for an analysis of industry trends and segments, with the help of various tables and figures.
North America has a remarkable growth potential in the field of nutraceuticals thanks to the increase in awareness among consumers about the benefits of nutraceuticals, which involve countering nutrition deficiency caused by unhealthy eating habits and changing lifestyles. In the U.S. alone, nearly 70 million adults suffer from digestive problems caused by poor dietary habits, increased usage of additives for processing food, and high rate of antibiotics intake. Additionally, the increasing concern over preventive healthcare and enhanced spending power of the consumers are other important factors driving the growth of this market.
In 2014, the U.S. held the maximum share of 52.9% in the North American nutraceuticals market. In the North American nutraceuticals market, there are five major players, namely Cargill, Inc. (U.S.), Archer Daniels Midland Company (U.S.), BASF SE (Germany), DuPont (U.S.), and Royal DSM N.V. (Netherlands). In 2014, Cargill, Inc. led the North American nutraceuticals market with a market share of 12.8%, followed by Archer Daniels Midland Company with a market share of 12.8%.
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The North American nutraceuticals market has been segmented and projected on the basis of application into functional foods, functional beverages, dietary supplements, animal nutrition, and personal care. The market is further segmented and forecast on the basis of major countries in the North American region, which include the U.S., Canada, and Mexico.
This report also comprises market share and value chain analyses, and market metrics, such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of the key players, such as Archer Daniels Midland Company (U.S.), Cargill, Inc. (U.S.), and BASF SE (Germany).
European Nutraceuticals Market
The European nutraceuticals market is projected to grow at a CAGR of 7.2% for the forecast period. The European nutraceuticals market was dominated by Germany, with a market share of 23.1% in 2013. The European market is a lucrative market for nutraceuticals due to the increasing consumer awareness and increased healthcare spending in this region.
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