U.S. Nutraceuticals Market to Witness Significant Incremental Opportunities Generate During the COVID-19 Lockdown Phase

 


Nutraceuticals are obtained from food sources and are highly enriched by different nutrients that are beneficial to good health. These drugs provide added health benefits compared to most standard diets and are known to be non-specific treatments used to manage symptoms and prevent various diseases. They can be categorised as functional foods, medicinal foods, nutritional supplements and pharmaceuticals. Nutraceuticals are extremely versatile in nature as they are used in the different sectors, including such food & beverage, feed additives, pharmaceuticals and personal care. Nutraceuticals products are available in a range of ways, such as tablets and capsules, powders, liquids and solids/semi-solids. 

The U.S. nutraceutical market is expected to hit approximately US$ 119.8 million by the end of 2027 in terms of revenue, increasing at CAGR by 5.3 per cent during the forecast years (2019-2027).

Market Trends

Growing consumption of fermented foods, such as yoghurt, is a trend in the U.S., especially among the health-conscious consumer, who is the main source of revenue for the U.S. nutraceutical industry. For example, in July 2016, General Mills, which the major yoghurt manufacturer Yoplait, announced plans to reformulate or change 60 per cent of the items it currently offers under its yoghurt range in order to better reflect consumer demand. 

Many manufacturers are growing the manufacturing potential of nutraceutical products in the U.S. and this is expected to drive demand growth. For example, in October 2019, Algatechnologies, part of the Solabia Group, announced that it had tripled its production capacity for FucoVitalTM. The action follows a rise in demand from the market for dietary supplements. FucoVital was released in the USA in 2018.

For More Information, Click Here: https://www.globenewswire.com/news-release/2020/04/23/2021012/0/en/U-S-Nutraceuticals-Market-to-reach-US-119-8-Mn-by-2027-Says-CMI.html

Comments

Post a Comment

Popular posts from this blog

Canada Nano-Enabled Packaging For Food And Beverage Is Witnessing Massive Demand Due To Reduction In Waste And Cost-Saving

Image
  Canada nano-enabled packaging for food and beverage uses nanomaterials, using nanotechnology much smaller than 100 microns, to create packaging materials without adding toxic materials. Nano-enabled packaging for food and beverage has shown great acceptance in the packaging industry and is widely used in food & drink and medical packaging. This innovative packaging technology can be applied to a wide range of industries including cosmetics, pesticides, pharmaceuticals, automobiles, packaging solutions, textiles, rubber & plastic, and healthcare. This packaging offers a number of advantages over traditional packaging methods, which include recycling, reduction of waste, cost savings, reduced product vulnerability, and enhanced product life-cycle management. Its environmental benefit is also significant as it promotes the use of bio-degradable materials, improves energy efficiency, protects aquatic systems, and creates a safer working environment for workers. Currently, ...
Read more

Global Biofeedback Measurement Instrument Market to Rise During the COVID-19 Crisis Period Owing to Increasing Consumer Awareness

Image
  Increasing cases of neurological disorders, including depression, anxiety, ADHD, and other dementias, are expected to fuel the market growth of the biofeedback instrument market during the forecast period. For example, according to the World Alzheimer's Study released by Alzheimer's Disease International (ADI), new cases of dementia across regions in 2015 were 4.9 million (49.0 percent) in Asia Pacific, 2.5 million (25.0 percent) in Europe, 1.7 million (18.0 percent) in the Americas and 0.8 million (8.0 per cent) in Africa. In addition, according to Parkinson's UK, about 137,000 people in the UK suffered from Parkinson's disease in 2015. Parkinson's disease is the second most common age-related neurodegenerative condition after Alzheimer's. For example, according to Parkinson's UK, the estimated number of people with Parkinson's disease in Northern Ireland in 2015 was 241, 157 of whom were male and 85 were female. The global biofeedback instrument mark...
Read more

Global Automotive Pumps Market is expected to be valued at US$ 67214.51 Mn by end of 2027, Says CMI

Image
Market Overview Automotive pumps are important components of a vehicle or any other internal combustion engine to move fluids and increase fuel efficiency as well as vehicle performance. Generally, automobile pumps are used in a range of vehicle components, including steering, transmission, coolant, fuel and lubrication. Automotive pumps have seen considerable demand in order to provide environmentally sustainable solutions in the automotive industry. On the basis of vehicle type, the demand for automotive pumps has been segmented into passenger cars, light commercial vehicles and heavy commercial vehicles. On the basis of the distribution channel, the industry was segmented into the original equipment manufacturer (OEM) and the aftermarket.  The global Automotive pump market accounted for US$ 51,885.07 Mn in terms of value and 738,923 units in terms of volume in 2018 and is anticipated to expand at CAGR by 3.8% over the period 2019-2027. Market Opportunities Providing custom-made...
Read more