Product development in the nutraceutical industry is focused on incorporating generally well known compounds into new value-added products which added fuel to the sector developments and revenue growth.
The research revealed that industry will post a 7.8% compound annual growth rate during 2011-2015 and will sustain the US as leader over the global nutraceutical market.
All prominent categories including dietary supplements, functional foods and vitamins have contributed significantly to the overall industry developments.
Consumers in the US are concerned about improving their health, and are purchasing more nutritious foods, according to the research. Two-thirds of Americans consider themselves overweight, and prevalence of cardiovascular and chronic diseases is also one of the highest in the world which generates business opportunities for market players.
The US Nutraceuticals Market Analysis, is the result of extensive research and analysis of the US nutraceutical market and its future growth prospects.
Source: US Nutraceuticals Market Analysis
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