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US World Nutraceutical Ingredients Industry
Global demand to advance 6.2% annually through 2013
Demand for nutraceutical ingredients worldwide is projected to advance 6.2 percent annually to $21.8 billion in 2013, serving a $236 billion global nutritional product industry. Based on broad applications and increasing clinical evidence of health benefits and safety, the best growth opportunities will emerge in soy protein nutrients; the functional food and beverage additives lutein, lycopene, omega-3 fatty acids, probiotics and sterol esters; the essential minerals calcium and magnesium; the herbal extracts garlic and green tea; and the non-herbal extracts chondroitin, glucosamine and coenzyme Q10.
US to remain largest market
China and India will emerge as the most rapidly expanding nutraceutical ingredient markets as strong economic growth allows them to upgrade and diversify food, beverage and drug production capabilities. By country, the United States will continue to be the largest global consumer of nutraceutical ingredients due to the broad, increasing range of nutritional preparations and natural medicines produced domestically. China will remain the largest worldwide producer based on its extensive fine chemicals industry and aggressive pursuit of exports.
Nutrients, minerals to be fastest growing segment
World demand for nutrients and minerals will reach $12.6 billion in 2013, up 6.4 percent annually from 2008. Soy proteins and isoflavones, psyllium fibers, omega-3 fatty acids, probiotics, lycopene, calcium and magnesium will see the fastest gains based on widely accepted health benefits and expanding applications in meal supplements and functional foods and beverages.
Vitamins E, A to pace gains in nutraceutical vitamins