Nutraceuticals: Global Markets and Processing Technologies
The global nutraceuticals market is estimated at about $151 billion in 2011. By 2016, it is estimated to reach nearly $207 billion, a projected compound annual growth rate (CAGR) of 6.5% between 2011 and 2016.
The report is a full breakdown of the overall nutraceuticals market, including the specific functional food, beverage, and supplement markets. It contains a detailed assessment of seven bioactive ingredients, 18 food product categories, eight application areas, and four geographic areas, thereby providing comprehensive market estimates for more than 1,200 market subsegments. Each section provides market data, market drivers, trends, and opportunities, selected top-selling products, key players, and competitive outlook. The report provides more than 100 market tables that give a complete insight into the market, along with 40 company profiles. All market tables are categorized by geographic region, ingredient, application, and product categories.
The report highlights and makes constructive arguments on strategic issues like premiumization versus mass market distribution strategies, licensing/partnering agreements, NPD (new product development), product repositioning, focus areas and market segmentation, niche markets, mainstream and blockbuster strategies, and tapping the children’s market
Jackson Highsmith is a life sciences research consultant with more than 16 years of research experience. Jackson has been consulting with specialty pharmaceuticals and large pharmaceutical industry players since 2007. Prior to that, he worked at a large research consultancy, where he focused on in-depth research; he also has worked at a large pharmaceutical company in a wide range of medical therapeutics in early- and mid-stage drug development. Jackson Highsmith is a pseudonym of the author.
- 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%.
The global nutraceuticals market grew to $46.7 billion in 2002, at an AAGR of nearly 7%.
2007 nutraceutical sales are projected to reach $74.7 billion at an AAGR of 9.9%.
This assumes a world economic recovery in 2003 and an end to price competition.
Sales could accelerate with the introduction of a “blockbuster” nutraceutical.