US to Remain World’s Largest Nutraceutical Market by 2015
According to our latest publication, “US Nutraceuticals Market Analysis”, US constitute world’s largest and one of the fastest Nutraceutical markets. Past decade has been revolutionary for the industry and the market expanded dynamically across the country. Additionally, product development in the Nutraceutical industry is focused on incorporating generally well-known compounds into new value-added products which added fuel to the sector developments and revenue growth. The research further revealed that industry will post a 7.8% CAGR growth during 2011-2015 and will sustain US to lead over global Nutraceutical market.
The study acknowledged that in the wake of fast growing healthcare expenditure, the US government is striving hard to focus on substantial spending cuts and encouraging aligned industry verticals to grow and prosper. As Nutraceutical products are proven and one of the most preferred means of disease prevention activities which has the potentials to save billions of dollars spent on disease cure and treatments, they will receive tremendous public and private sector attention in the years to come which will enable the industry to experience impressive growth during our forecast period.
At segment level, all prominent categories including dietary supplements, functional foods and vitamins have contributed significantly to the overall industry developments. Consumers in the U.S. are concerned about improving their health, and are purchasing more nutritious foods. Two-thirds of Americans consider themselves overweight, and prevalence of cardiovascular and chronic diseases is also one of the highest in the world which further generates enormous business opportunities for market players. We expect these trends to empower the US Nutraceutical market to remain the largest in the world in years to come.
Our report, “US Nutraceuticals Market Analysis”, is an outcome of extensive research and conceptual analysis of US Nutraceutical market and its future growth prospects. It provides market intelligence on overall market and all prominent segments including dietary supplements, functional foods and vitamins. Apart from providing information on current market developments and market trends, the report also provides segment-wise forecasts based on correlation of past drivers, challenges, and opportunities for expansion, thus enabling clients to access projected market trends and take informed decisions.
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
|Article By: Shushmul Maheshwari|
|Post Date: Friday, August 19, 2011|
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