Bizizz Market Research has recently published a research report, “Nutraceuticals Market By Type (Fixed Wing, VTOL, STUAS, MALE, HALE, UCAS ), Payload (Up to 25 Kg, Up to 150 Kg, Up to 600 Kg, Above 600 Kg), Application (Precision Agriculture, Retail, Media & Entertainment), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Nutraceuticals Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 234 Bn by 2027, witnessing a CAGR of 8.3 % during the forecast period. Key drivers of the market are rising awareness on health and favorable government policies.
Customers globally are shifting towards the high nutritional value foods that serves as a medium to improve the health. The consumption of Nutraceuticals could be attributed to the increase in the chronic illnesses is contributing to the market growth of Nutraceuticals in the global market. Such chronic illnesses are increasingly found in the developing countries contributing to the growth of this market during the forecast period.
The Nutraceuticals market is anticipated to register a CAGR of over 8.3% during the forecast period.
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By Product, Probiotic segment held a key/prominent share in Global Nutraceuticals Market in 2018.
The utilization of the probiotics in the global market is high among the livestock for its improved nutritional values and considerable health improvement. Moreover, there is an increased awareness of the customers regarding the health benefits of the probiotics in the global market are driving this market.
By form, Dry Segment of Global Nutraceuticals Market Is Anticipated to Witness the Fastest CAGR during the Forecast Period
The contribution of Dry segment in Nutraceuticals is the fastest growing among the customers by its easy handling and storage flexibility. The various product associated with the Nutraceuticals includes vitamins, proteins, probiotic premixes, and amino acids among others are being highly demanded by the customers globally.
Asia Pacific is Anticipated to Dominate the Global Nutraceuticals Market during the Forecast Period
The Asia Pacific region is projected to have a leading market share during the forecast period because of an increased population and demand for the nutritional food product. Thus the region is accounted to have a expanding CAGR of 8.2% during the forecast period.
Global Nutraceuticals market was highly fragmented among the number of local and global players. The companies are operating in a competitive market and are willing to expand their market reach in various geographical locations.
Prominent players operating in the Global Nutraceuticals Market are Associated British Foods, Fonterra, Cargill, Sigma-Aldrich, BASF, ADM, Evonik, Omega Protein Corporation, Glanbia, DSM, Kyowa, Ingredion, Chr. Hansen, Arla Foods, DowDuPont, Ajinomoto, and Tate & Lyle., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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