The report forecasts the global functional food and nutraceuticals market to grow at a CAGR of 7.39% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Preventive healthcare is a trend that is expected to fuel market growth during the forecast period. Consumers are becoming more interested in following healthier diets to help with digestive disorders by increasing their intake of functional food and nutraceuticals. Many consumers also consider better digestive health to be a major element in preventive healthcare. These products, therefore, are considered to aid skin health, build immunity, and increase energy levels, enabling general well-being.
According to the report, the rise in healthcare cost has prompted many consumers to turn to alternative and preventive healthcare practices to minimize the spending on treatments and medications. More and more people are consuming functional food and nutraceuticals, as they provide nutritional and medicinal benefits and prevent diseases.
Further, the report states that adulteration of functional food and nutraceuticals is a major concern for both manufacturers and consumers, which affects the credibility of vendors in the market.
Key questions answered in this report:
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?