The global nutraceuticals market includes markets such as those for specific functional food, supplements, dietary supplements, pharmaceuticals, personal care, and beverages. Nutraceuticals range from herbal products and isolated nutrients and are commercially very attractive to food and beverages companies across the globe.
The global nutraceuticals market is expected to expand at a robust rate due to factors such as increasing spending of customers on healthy and nutritional foods, dietary supplements, and beverages. Lack of awareness about nutraceuticals and high prices of nutraceutical products are two of the major restraints on the global nutraceuticals market. Factors such as rising awareness among people about leading a healthy life and growth of major consumer demographics are predicted to drive the global nutraceuticals market. Based on geography, the global nutraceuticals market is classified into Europe, Asia Pacific, North America, and Rest of the World.
Some of the prominent companies operating in the global nutraceuticals market are BASF SE, Royal DSM N.V., Archer Daniels Midland Company (ADM), PepsiCo Inc., DuPont, Cargill Incorporated, Nestle S.A., and others.
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