12.01.09
The worldwide market for the entire nutraceuticals industry could total nearly $22 billion by 2013 and the U.S. will supply the greatest number of consumers, according to a new report published by the Freedonia Group. The report estimates global demand for nutrients and minerals will reach nearly $13 billion by 2013. The report also projects higher demand for vitamin formulations like non-genetically engineered vitamin E and natural vitamin A (beta-carotene) supplements. Sales of multivitamins for adults and children are also expected to rise and the global demand for non-synthetic vitamins is expected to increase almost 6% annually to about $7 billion by 2013. Reflecting an annual growth rate of about 6%, nutraceuticals will find their largest market in the U.S., but markets in China and India will develop rapidly in the wake of economic growth and evolving production methods of increasingly diverse food, beverages and medicinal products. For further information; www.freedoniagroup.com