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The growing application of nutraceuticals for the treatment of malnutrition and cardiovascular disorder, the increasing cost of healthcare costs, and the rising geriatric population at the global level are the significant factors that are responsible for the growth of the nutraceutical market size
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The primary objective of the Nutraceutical market report by GMI Research is to help the users understand the market scenario in terms of its definition, segmentation, drivers, opportunities, market trends, and the challenges that the market is facing. This report focuses on the Nutraceutical market, especially in North America, Europe, Asia-Pacific, and the rest of the world.
Key Drivers of the Nutraceutical Market The growing application of nutraceuticals for the treatment of malnutrition and cardiovascular disorder, the increasing cost of healthcare costs, and the rising geriatric population at the global level are the significant factors that are responsible for the growth of the nutraceutical market size. With the growing incidences of several diseases, the consumers have significantly shifted towards healthier diet patterns to improve their immune system. This shift in the consumer’s eating pattern is promoting them towards the adoption of various functional food products. Additionally, the strong demand for functional food products driven by the several exceptional benefits provided by these products is further surging the market’s growth.
The changing shift of the consumers, along with continuous innovation in the food industry, is bringing numerous opportunities for the growth of the market in the coming years. Nutraceuticals ingredients, including natural herbs and antioxidants, which help in protecting the skin from different diseases and infections. This factor is bringing an upsurge in demand for nutraceuticals ingredients in personal care products. Furthermore, with the emergence of the COVID-19 pandemic, there has been a strong demand for nutraceuticals & functional food products due to the rising emphasis of consumers towards the consumption of immunity-boosting supplements. In addition to this, the decreasing demand for meat, poultry, and seafood products is further energizing the market’s growth. According to the Nutraceutical market analysis, the increasing cost of production of raw materials for nutraceuticals products, and the limited manufacturing of quality nutraceuticals will hamper the market’s growth.
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