Increasing incidences of chronic diseases to escalate the Europe nutraceuticals market at a CAGR of 6.9%
Latest market study on “Europe Nutraceuticals Market to 2027 – Analysis and Forecasts by Type (Functional Food, Functional Beverages, Dietary Supplements, Personal Care and Pharmaceuticals); Application (General Wellness, Beauty and Anti-Aging, Weight Management, Digestive Health, Sports and Energy), and Country”. Nutraceuticals is medically or nutritionally active food. This functional food is enriched with probiotic and prebiotic ingredients and are consumed for maintaining the gut health. It helps in reducing the risk of diabetes and cardiovascular diseases. It also provides physiological benefits. They are of many types, namely, functional food, functional beverages, dietary supplements and personal care and pharmaceuticals. They also have a wide range of application in general wellness, beauty and anti-ageing, weight management, digestive health and sports and energy.
The Europe nutraceuticals market is accounted to US$ 59,269.6 Mn in 2018 and is expected to grow at a CAGR of 6.9% during the forecast period 2019 – 2027, to account to US$ 108,044.7 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Nutraceuticals are gaining popularity among the customers due to their potential nutritional and therapeutic effects. Over the past few years, nutraceuticals are consumed as a preventive measure for chronic diseases such as cancer, diabetes, allergy, Alzheimer, cardiovascular, eye, immune, inflammatory and Parkinson's diseases, and obesity. For instance, Arthritis is a common disease which results in joint replacement surgery. Nutraceuticals are used as an alternative treatment for pathological manifestations of arthritic disease. The consumption of fish oils such as cod liver oil in the diet helps to prevent arthritic disease. Similarly, Alzheimer’s disease (AD), also known as primary degenerative dementia of the Alzheimer's type (PDDAT) is the most common form of dementia. Various nutraceuticals such as antioxidants like vitamin A & vitamin C, Gingko biloba, and Huperzine alpha are used to cure Alzheimer's disease. Additionally, a wide range of nutraceuticals such as isolated nutrients, dietary supplements, herbal products, and processed foods such as cereals, soups, and beverages are used for treating various chronic diseases. The risk of chronic diseases is increasing over the past few years. Poor lifestyle choices, such as smoking, overuse of alcohol, poor diet, lack of physical activity and inadequate relief of chronic stress are among the leading factors contributing to the growth of the chronic disease, among others. The growing demand for preventive measures for chronic diseases such as dietary supplements and functional food products is driving the growth of nutraceuticals market in Europe.
The market for Europe nutraceuticals is concentrated with some very well-established players. Some of the key players in the Europe nutraceuticals market include Amway, The Nature’s Bounty Co., Herbalife International of America, Inc., General Mills, Inc., Kellogg Co., Abbott, Nestle SA, Danone S.A., GlaxoSmithKline plc., and Helion Nutraceuticals, LLC. amongst the others.
Contact Us