Report Highlights
- The global market for nutraceutical products increased from $117.3 billion in 2007 to an estimated $123.9 billion in 2008. It should reach $176.7 billion in 2013, a compound annual growth rate (CAGR) of 7.4%.
- Nutraceutical foods currently have the largest share of the market and were worth $39.9 billion in 2007. This is expected to increase to $40.6 billion in 2008 and $56.7 billion in 2013, for a CAGR of 6.9%.
- Nutraceutical beverages generated $38.4 billion in 2007 and an estimated $42.8 billion in 2008. This segment is expected to dominate the market in 2013 with revenues of $71.3 billion, for a CAGR of 10.8%.
INTRODUCTION
STUDY GOALS AND OBJECTIVES
- To define and measure the global market for nutraceuticals — the functional food, beverage, and supplement (FBS) market
- To measure markets that could be better understood by stakeholders in terms of their own respective sales offerings
- To strategically analyze individual markets in terms of products, ingredients, health applications, technology, geography, and top-selling products
- To identify trends and opportunities in the functional food, beverage, and supplement market for all stakeholders
- To provide quick and easy understanding of the very vast functional food, beverage, and supplement market
- To provide a strategic analysis of the market so as to enable companies to formulate their strategies
- To provide high-level analysis in terms of which products can sell in the mainstreams as blockbusters
Report Highlights
-
The global nutraceuticals market grew to $46.7 billion in 2002, at an AAGR of nearly 7%.
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2007 nutraceutical sales are projected to reach $74.7 billion at an AAGR of 9.9%.
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This assumes a world economic recovery in 2003 and an end to price competition.
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Sales could accelerate with the introduction of a “blockbuster” nutraceutical.
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