FORT WORTH, Texas, April 29, 2015 /PRNewswire/ --
The North American Vitamins (Nutraceuticals) market report defines and segments the vitamins (Nutraceuticals) market through analysis and forecast of revenue. The vitamins (Nutraceuticals) market in North America was estimated to be $871.70 million in 2014, and is expected to reach $1,208.43 million by 2019, at a CAGR of 6.8%.
Browse through the TOC of the North American Vitamins (Nutraceuticals) market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the North America Vitamins (Nutraceuticals) Market, which is supported by various tables and figures.
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Demand for natural vitamins-based products is increasing in North America which is leading to increased customer base. Consumers are increasingly becoming aware about the health hazards associated with the usage of chemical food additives in food and personal care products, which are driving the demand of natural vitamins-based products. Customers in North America are spending huge amounts on natural and personal care products which make it a lucrative market for vitamins manufacturers.
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In 2014, North American vitamins (nutraceuticals) market was dominated by the U.S., followed by Canada and Mexico. The North American region witnessed maximum revenues from personal care products that contain vitamins as the prime ingredient. The concerns about side effects of chemical ingredients in these products have caused consumers to switch to personal care products that contain natural source-based vitamins. Hence, these natural vitamins and personal care products drive the overall vitamins market in North America.
The vitamins (nutraceuticals) market is segmented and projected on the basis of applications which are functional food, functional beverages, dietary supplements, animal nutrition, and personal care. Dietary supplement is the most preferred application of vitamins (nutraceuticals). The market is further segmented on the basis of major countries, such as the U.S., Canada, and Mexico.
This report also comprises market share, supply chain, value chain analysis, and market metrics such as drivers and restraints. In addition, it also presents a country-level competitive landscape and company profiles of the key players in the North American vitamins (nutraceuticals) market.
The European Vitamins Market is estimated to grow at a CAGR of 6.8% for the forecast period. Among the various European economies, the vitamins market was dominated by Germany, with a market share of 23.9% in 2013. The increasing demand for fortified food, changing lifestyle, high incidence of chronic diseases, and increased focus on health are some of the factors that drive the European market.
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