World nutraceutical demand to balloon

Demand for nutraceutical ingredients is set to take off, with the US remaining the largest single consumer of nutraceutical ingredients and China and Japan emerging as the fastest expanding nutraceutical markets, according to the report entitled “World Nutraceuticals”, issued by Cleveland-based international business research Freedonia Group.

"The industry is characterized in the analysis as being divided among many small members, with only a few market leaders standing out."

"Not only will the Chinese nutraceutical market grow as domestic demand increases, but it will also get more business from the US. "

“…Because of outsourcing trends, the United States will relinquish its longstanding top position in the global production of nutraceutical ingredients to China within the next few years,” says the report.

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