Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Emerging Markets in Asia-Pacific and Latin America to Drive Future Growth in Global Nutraceuticals Industry Ken Research  Join our daily free Newsletter

MENAFN Press - 29/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) An increasing traction of internet across both the developed and developing countries has further supported the trend towards self-medication at the global level, with people taking informed decisions.

The nutraceuticals industry has evolved massively over the years, with respect to the range of market offerings across the different geographic markets. The growth of the global nutraceuticals industry has been majorly driven by the rising consumption of these products from the developing countries. In the past few years, many developing nations in the Asia-Pacific and Latin America economies have witnessed a transformation in their lifestyle and spending habits, mainly on account of growing urbanization, literacy and resilient economic growth. In addition, rising disposable incomes has further fueled the demand for nutraceutical products in these regions by increasing the affordability of these premium priced products.

This has provided an important impetus to the global nutraceuticals industry, which is experiencing an increasing shift towards the healthy food and beverages, visible across several nations. Rising health costs and advances in food technology and nutrition have also been the driving factors for the expansion of the nutraceuticals industry over the years. Asia-Pacific has been the largest market for nutraceuticals in the world over the years, which recorded revenues worth USD million in 2012. Japan has been the dominant market in this region and marked a share of % in the overall revenues of Asia-Pacific in 2012.

The proceeds of the global nutraceuticals industry have grown from a value of USD million in 2006 to million in 2012. The market across the globe is expected to develop further on account of growing demand from the developing countries such as India and Brazil. Moreover, a continuous and remarkable rise in the aged population across the world is anticipated to further propel the demand for nutraceuticals.

The global nutraceuticals industry is expected to grow at a considerable CAGR, reaching USD 424 billion by 2017, due to a strong impetus from ageing population and robust over-the-counter market in different countries.
"Latin America is expected to post the highest growth over the span of 2012-2017, inclining at a CAGR of 12.5%. This growth will be majorly on account of increasing demand from Mexico and Brazil, which presently rank amongst the largest producers of the functional food and beverages", according to the research report published by Ken Research.

The report on "Global Nutraceuticals Market Analysis till 2017 “ Emerging Markets in Asia-Pacific and Latin America to Drive Growth" provides detailed analysis of the in Asia-Pacific, North America, Latin America and Europe and related countries and helps the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, nutraceutical, functional food, beverages and dietary supplements manufacturers and distributors and other stakeholders align their market centric strategies according to ongoing and expected trends in the nutraceuticals markets


Source: http://www.kenresearch.com/healthcare/skin-and-personal-care-industry/global-nutraceuticals-market-research-report/514-91.html

Contact Person: Ankur Gupta
Email Id: ankur@kenresearch.com


About Ken Research
Ken Research is a leading global industry research and information service company operating with a network of partner firms across the US, Asia and Europe. The company provides bespoke industry intelligence, equity research reports and business consulting services on gamut of sectors.

 


MENAFN Press




  MENA News Headlines
 May 5 2015 - Qatar's Cabinet holds weekly meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Kuwaiti cabinet late Monday was notified about the delegation accompanying His Highness the Amir to the 15th Consultative Meeting of Gulf Cooperation Council ...

 May 5 2015 - Kuwait- Bid To Curb Human TraffickingArab Times
(MENAFN - Arab Times) Chairwoman of the International Organization for Migration (IOM) mission in Kuwait Iman Erekat said the United Nations House in Mishref organized a course on the subject 'The ...

 May 5 2015 - Kuwait- Strict Check Vowed On Local MarketsArab Times
(MENAFN - Arab Times) Director of Consumer Protection Department at Ministry of Commerce and Industry, and Secretary General of the National Committee for Consumer Protection (NCCP) Abdullah Ali ...

 May 5 2015 - Kuwait- Tabtabai Held On Iran TweetArab Times
(MENAFN - Arab Times) Kuwait on Friday arrested a former opposition lawmaker for alleging Iran was pressuring the country to change the Crown Prince, the government and relatives said. The interior ...

 May 5 2015 - Kuwait- Suspend Recruitment Of Expats: PanelArab Times
(MENAFN - Arab Times) The committee formed by the Cabinet to correct the population structure has recommended suspension of employment of expatriates in the public sector except those with rare ...

 May 5 2015 - Al-Abbad appointed Saudi Royal Protocol chief in place of Al-TobaishiKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) King Salman bin Abdulaziz of Saudi Arabia issued a royal order on Monday relieving Mohammad bin Abdulrahman Al-Tobaishi of his role as Head of Royal Protocol.The ...

 May 5 2015 - Kuwait Holds Religious, Ethical Teaching Programs For InmatesArab Times
(MENAFN - Arab Times) The Ministry of Awqaf and Islamic Affairs has established the Islamic Studies Department to supervise various programs and courses for memorization of the Holy Book, the Quran, ...

 May 5 2015 - Kuwait- 800 Dead Disabled Receiving AidArab Times
(MENAFN - Arab Times) Deputy Director General of the Human Resources and Financial Affairs Department at the Public Authority for Handicapped Affairs Dr Hussein Al-Duweihis revealed that around 800 ...

 May 5 2015 - Project Qatar '15 key to boost trade - Qatari Eco. Min.Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Qatari Minister of Economy and Commerce Sheikh Ahmad bin Jassem Al-Thani said Monday Project Qatar 2015 was one of the important exhibitions and would contribute ...

 May 5 2015 - Italy- Expo Milano '15 Has Significant Importance, Says Sheikh SalmanArab Times
(MENAFN - Arab Times) Kuwait's Minister of Information Sheikh Salman Al-Sabah said Friday the big official and popular attendance of the inauguration of Expo Milano 2015 sent a message to the world ...

more...


 






Google

Arab Advisors_12th convergence conf

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help