According to a recent publication of RNCOS titled US Nutraceuticals Market Analysis, the US has emerged as one of the largest market for nutritional products on the back of growing health concerns amongst the masses. This has paved the way for firms active in the nutritional segment. Our in-depth analysis of the key segments of nutraceutical business comprising of dietary supplements, functional foods, and vitamins revealed that all of them are on a growth trajectory, with diet supplements growing at leaps and bounds. As per our research, the US dietary supplements market is anticipated to grow at a CAGR of approximately 9% during 2011-2015.
The research work further deduced that the US dietary supplements market has been witnessing notable expansion and consumer acceptance. The segment has evolved as the largest among all other segments of the nutraceutical industry. Healthy consumers use diet supplements to decrease their risk of heart disease, boost their immune systems among numerous other benefits. In addition, less healthy or unwell consumers are inclined towards supplements as a substitute to traditional medical treatments, to either complement prescription drugs or replace them with supplements for prescription drugs that they either cannot pay for or do not have confidence upon. Moreover, one of the positive trends for the industry is that consumer supplement use has remained steady over the last few years, with majority of adults buying supplements at least once a year.
Our research report emphasizes on all prominent sub segments of diet supplements including herbs and botanicals, meal replacements, minerals, sports nutrition, and specialty products with comprehensive analysis of each one of them. To provide a more holistic understanding of our study, the report also carries evaluation of the functioning of major manufacturers along with their detailed product offerings, markets, and financial positions for the last three years. Also, we have charted the share of nutritional products revenue against their total revenue generation in the US.
Our report, US Nutraceuticals Market Analysis, has been authored to evaluate future market potentials of the US nutraceutical industry and its segments. Apart from providing information on current market developments and market trends, it also provides segment-wise forecasts based on correlation of past drivers, challenges, and opportunities for expansion, thus enabling clients to access projected market trends and take informed decisions.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.