The Global Market for Nutraceuticals is Projected to Exceed US$360 Billion by 2024
Growing Demand for Functional Foods and Dietary Supplements from Today’s Active, Aware, Aging, and Connected Consumers Drives the Nutraceuticals Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Nutraceuticals market. The global market for Nutraceuticals is projected to exceed US$360 billion by 2024 , driven by the millennials focus on health and fitness, and the numerous nutritional benefits offered by nutraceuticals in disease prevention and health enhancement. Nutraceuticals refers to any food or a unit of a food supplement that provides health or medical benefits over and beyond just nutrition. Given the hectic lifestyles and the lack of time for consumption of the required nutrients through regular diet, the need for replenishing such essential nutrients is increasing. In this context, nutraceuticals are emergin...