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
 Aug 29 2015 - Abraaj exists Condor Travel stake to CarlyleMENAFN
(MENAFN) Dubai-based Abraaj Group has announced the signing of an agreement to exit its stake in Condor Travel to The Carlyle Group.The exit, through Abraaj's Latin American Fund, marks the first ...

 Aug 29 2015 - GCC construction contracts to drop to USD194b in 2015MENAFN
(MENAFN) Construction in the GCC will increase in value despite a slight dip in the overall contract awards this year caused in part by cheap oil, according to an industry expert.The man behind the ...

 Aug 29 2015 - Middle East business confidence continues to drop in Q2MENAFN
(MENAFN) Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to a new survey.The ...

 Aug 29 2015 - 9 hours battling death at sea off the Libyan coastThe Peninsula
(MENAFN - The Peninsula) Pakistani teenager Shefaz Hamza spent nine hours at sea clinging to the wreckage of a migrant boat that sank off Libya. By the time the coast guard arrived his mother and ...

 Aug 29 2015 - Qatar Exchange index jumps 3.08pcThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange (QE) index finished in the green yesterday, after a sharp rise in all sectors. The market gained 3.08 percent or 337.84 points to reach 11,295.46. The market ...

 Aug 29 2015 - Arabs brace for weak oil for rest of 2015The Peninsula
(MENAFN - The Peninsula) A second oil price rout of 2015 has forced Arab Opec members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to ...

 Aug 29 2015 - Lebanon- Hezbollah, Christian allies boycott cabinet meetingThe Peninsula
(MENAFN - The Peninsula) The Lebanese Shia group Hezbollah and allied Christian politicians boycotted a cabinet meeting yesterday, a sign of rising political tensions that have paralysed Prime ...

 Aug 29 2015 - IS kills two generals in IraqThe Peninsula
(MENAFN - The Peninsula) suicide attack claimed by the Islamic State (IS) group killed two Iraqi generals yesterday in the key battleground province of Anbar, as the militants made gains in ...

 Aug 29 2015 - Iraq- At least 11 Daesh Militants Killed in AnbarThe Peninsula
(MENAFN - The Peninsula) 11 Daesh militants, some of them belonging to foreign nationalities, were killed in a pre-emptive attack against a hideout of the organization east of Ramadi city, in Anbar ...

 Aug 29 2015 - At least 78 dead in Libya refugee boat disasterThe Peninsula
(MENAFN - The Peninsula) At least 76 people have died after a ship carrying hundreds of migrants and refugees sank off the coast of Libya, the Libyan Red Crescent said Friday. The United Nations ...

more...


 






Google

Click to Apply

 
 

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