North America Fibers & Specialty Carbohydrates (Nutraceuticals) Market is Expected to Reach $2,232.2 Million by 2019, at a CAGR of 7.1% From 2014 to 2019
FORT WORTH, Texas, May 6, 2015 /PRNewswire/ --
The fibers & specialty carbohydrates (nutraceuticals) market in North America is estimated to grow from around $1,587.1 million in 2014 to $2,232.2 million by 2019, at a CAGR of 7.1% from 2014 to 2019.
Browse through the TOC of the North America fibers & specialty carbohydrates (nutraceuticals) market report, to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the North American fibers & specialty carbohydrates (nutraceuticals) market, and is supported by various tables and figures.
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The North American consumers are increasingly becoming aware about their health and nutrition. This is mainly due to the changing lifestyles of the growing middle-class population. A rise in the purchasing power of this middle-income population enables them to spend on nutraceutical products which cater to the problems related to their dynamic lifestyles. The altering lifestyle based growth in nutraceutical products in this region shows the growing market for nutraceutical ingredients. The increase in demand for functional products is directly proportionate to the rise in the demand for nutraceutical ingredients.
The U.S. is a major market with the highest market share in the North American region. It constitutes 52.43% of market share and has important market for global fibers & specialty carbohydrates (nutraceuticals) producers. The U.S. has been steadily progressing due to high awareness about fibers & specialty carbohydrates (nutraceuticals) and the increasing concern over preventive healthcare. The per capita income of the U.S. is highest in the region, which led to the consumption of pro health food such as fibers & specialty carbohydrates (nutraceuticals).
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The fibers & specialty carbohydrates (nutraceuticals) market is segmented and projected on the basis of application which is functional food, functional beverages, dietary supplements, animal nutrition, and personal care. Functional Food is the most preferred application of fibers & specialty carbohydrates (nutraceuticals). The market is further segmented and forecasted on the basis of major countries, such as the U.S., Canada, and Mexico.
This report also comprises of market share, supply chain and value chain analyses, and market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of key players in North American fibers & specialty carbohydrates (nutraceuticals) market.
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The European Fibers & Specialty Carbohydrates (Nutraceuticals) Market is projected to grow at CAGR of 7.4%from 2014 to 2019. Fibers & specialty carbohydrates (nutraceuticals) play a vital role in providing health and medicinal benefits, which includes the prevention and cure of diseases in addition to the basic nutritional components found in foodstuffs.
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