The nutraceutical ingredient market is estimated to grow to $33.6 billion in 2018.
January 28/Dallas/PRNewswire -- According to the report "Nutraceutical Ingredient Market by Type (Probiotics, Proteins, Plant Extracts, Minerals, Vitamins, Fibers, Carotenoids & Others) by Application (Functional Foods & Beverages, Supplements, Animal Nutrition, Personal Care) - Global Trends & Forecasts to 2018" by MarketsandMarkets, the nutraceutical ingredient market is estimated to grow from $23.8 billion in 2013 to $33.6 billion in 2018 with a CAGR of 7.2% from 2013 to 2018.
On the whole, the market for Asia-pacific is a dominant one, with the highest growth rate and share. The market holds the power because of an ever-growing population and urbanization in various developing nations of the region. The market for Asia-Pacific is expected to experience growth of 7.4% from 2013 to 2018. The four most potential nations for nutraceutical ingredient industry are India, China, Brazil and Russia.