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Global Nutraceuticals Market Outlook: $340 Billion by 2024

The global nutraceuticals market is projected to hit $340 billion by 2024, with a CAGR of 7.2% from 2016-2024. Nutraceuticals offer added health benefits and are sourced from food. The market includes functional food, supplements, and beverages, driven by consumer health consciousness and rising disposable income. Explore market bifurcation by product type and geography, such as functional food dominating in 2016. Discover the full presentation at PowerShow.com.

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Global Nutraceuticals Market Outlook: $340 Billion by 2024

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  1. Global Nutraceuticals Product Market is Expected to Reach $340 Billion by 2024, Says Variant Market Research Yogesh Godse Director help@variantmarketresearch.com

  2. Description – Global Nutraceuticals Product Market Global Nutraceuticals Market Report, published by Variant Market Research, forecast that the global market is expected to reach $340 billion by 2024; growing at a CAGR of 7.2% from 2016 to 2024. Nutraceuticals are products derived from food sources which contain additional health benefits in comparison to basic nutritional food value. The nutraceuticals market majorly comprises food, beverage, and dietary supplements. The ingredients used for manufacturing nutraceuticals product are vitamins, minerals, proteins, amino acids, fibers, and others. The consumers have become more health conscious than earlier with an increased demand for nutraceuticals product. Rise in disposable income and growing consumer awareness towards the health benefits of nutraceuticals product illustrate increased nutraceuticals market trends.

  3. Global Nutraceuticals Market Size and Forecast 2015 – 2024 (us$ Billion)

  4. Global Nutraceuticals Market The global nutraceuticals markethas been bifurcated by product type and geography. By product type, the market is segmented into functional food, dietary supplements, functional beverages, and personal care & pharmaceutical. The functional food segment accounted for the largest market share in 2016, driven by increased consumer spending on functional food which has amplified its demand globally. Geographically, the market is categorized into North America, Europe, Asia-Pacific and Rest of the world (RoW). The functional food segment is further divided into omega fatty acid fortified food, probiotics fortified food, branded wheat flour market, branded ionized salt, and others. The functional beverages segment is classified into fruit & vegetable juices and drinks, dairy & dairy alternative drinks, noncarbonated drinks, and others. To know about this report, Visit here @ https://goo.gl/VwmLwn

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