Global functional foods and nutraceuticals market forecast to surpass revenues of US$221Bn in 2014
Functional Foods & Nutraceuticals Market 2014-2024 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 12:42:02
The functional foods and nutraceuticals market is reporting a significant level of investment in new technology and application within the nutrients and food industry. Food companies are becoming more sophisticated at breaking down the specific attributes of nutrients into different subdivisions. For example, there are significant improvements being reported in the area of weight protein treatment. In addition, companies are able to understand more how nutrients affect people from a health care perspective. Companies are looking at ways both medical treatment and nutrition can be integrated in the medical field to ensure that full holistic medical care is provided.The global functional foods and nutraceuticals market is forecast to total revenues of US$221.58bn in 2014. Investments in new technology and the application of genetically modified technology within the food industry for medical and health benefits is set to drive further increases in market revenues within the nutraceuticals market. The expanding body of scientific research which validates the effectiveness and safety of these new products will stimulate further investment in the technology and application. The increased consumer awareness in this field will also drive further revenue growth, globally.The leading organisations operating in the functional foods and nutraceuticals market include Atrium Innovations Inc.; Nature Made; Herbalife Ltd; LifeVantage Corporation; Medifast Inc.; Nature´s Sunshine Products; Nutraceutical International Corporation; USANA Health Sciences; Dean Foods; Aland (Jiangsu) Nutraceutical Co. Ltd.; Arla Foods; DSM Nutritional Products; Lonza Group; Kellogg Co.; Groupe Danone; Ocean Spray; Welch Foods Inc.; Abbott Laboratories; Sunny Delight Beverages Co.; VitaQuest International LLCOne of the major companies operating in the nutraceuticals market is LifeVantage and the increased application of technology being applied to nutritional aspects of food is seeing an increased number of companies operating in this field. Genetic modified food technology is also set to see significant changes in the types of food now available to consumers.LifeVantage specialises in Nrf2 science and manufacturers Protandim, the Nrf2 Synergizer patented dietary supplement. The company operates in the nutraceutical market sector and LifeVantage seeks ways transform wellness and anti-ageing internally and externally with products that reduce oxidative stress at the cellular level.LifeVantage was founded in 2013, with headquarters located in Salt Lake City. The company markets and cells proprietary products, primarily Protandim to individuals throughout the United States, Japan, Canada, Australia, Hong Kong and Mexico. Protandim represents a patented dietary supplement which has been in a clinical trial to reduce the age -dependent increase of markers of oxidative stress. Pottandim increases the body´s natural antioxidant protection at the genetic level by inducing the production of naturally - occurring protective antioxidant enzymes including superoxide dismutase, catalase and glutathione-related enzymes. LifeVantage holds six US patents and three international patents relating to Protandim.
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