Nutraceuticals Market to Grow at a CAGR of 9.07% During the Forecast Period
Growing health-conscious population worldwide is expected to drive the growth of global nutraceuticals market through 2027. According to TechSci Research report, “ Nutraceuticals Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” Global Nutraceuticals market is expected to grow at a CAGR of 9.07% and reach USD446.35 billion in 2027 on account of the growing demand for functional foods and dietary supplements worldwide. Additionally, growing awareness related to the benefits and use of nutraceuticals among the population has increased the consumer inclination towards nutraceuticals, thereby supporting the market growth during the forecast period. Furthermore, growing malnutrition and nutritional deficiencies among the population further increases the demand for nutraceuticals. Besides, increase in participation of athletes in sports at national and international levels is expected to boost the demand for functional beverages. Also, rapi...