The report "North America Minerals (Nutraceuticals) Market By Application (Functional food, Functional Beverages, Animal Feed, Dietary Supplements, Personal care ) and By Geography- Trends and Forecast upto 2019", North America Minerals (Nutraceuticals) Market report defines and segments the concerned market with analysis and forecast of revenue. The minerals (nutraceuticals) market in North America was valued at $617.3 million in 2014, and is projected to reach $866.9 million by 2019, at a CAGR of 7.0% from 2014 to 2019.
Browse through the TOC of North America Minerals (Nutraceuticals) Market for an analysis of industry trends and segments, with the help of various tables and figures.
Increasing incidences of lifestyle diseases, shorter life expectancy, and inadequate nutrition intake have resulted in the growing demand for minerals. Nowadays, people are becoming health conscious and shifting their focus towards the intake of healthy and nutritious food in order to fulfil the deficiency of major nutrients such as minerals. Nutraceuticals are often defined as any food or part of food that provides health benefits, such as growth, and enhances the body’s resistance to diseases.
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Consumers in the North American region are consuming supplements fortified with minerals in order to maintain vitality and good health. The U.S. is considered to be the most dominant region in the North American minerals market, occupying a market share of 55.6%. Varied health benefits associated with nutraceuticals, such as prevention of chronic diseases, improved health, delay in the aging process, and increased life expectancy, has resulted in the adoption of these products, especially by the aging population. This drives the overall market for these ingredients in the North American region.
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The minerals (nutraceuticals) market is segmented on the basis of application and geography. By application, this market is classified into functional food, functional beverages, dietary supplements, animal nutrition, and personal care. On the basis of geography, this market is categorized into major countries, such as the U.S., Canada, and Mexico.
This report highlights the market share and value chain analyses, and market metrics such as drivers and restraints. In addition to this, it also presents a competitive landscape and company profiles of key players in North America minerals (nutraceuticals) market.
Key players in the North America Minerals (Nutraceuticals) Market include -
- Archer Daniels Midland Co. (U.S.)
- Cargill Inc.
- Royal DSM (Netherlands)
- BASF SE (Germany), DuPont (U.S.)
- Archer Daniels Midland Co. (U.S.)
- Ingredion Inc
Europe Minerals (Nutraceuticals) Market
The European Minerals market is estimated to register a CAGR of 7.2% during the forecast period. Among the various European economies, minerals market was dominated by Germany, with an estimated market share of 24.7% in 2013.
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