European Fibers & Specialty Carbohydrates (Nutraceuticals) Market is Projected to Grow at a CAGR of 7.4%

Date: 2015-08-12

The European fibers & specialty carbohydrates (nutraceuticals) market is projected to grow at a CAGR of 7.4% from 2014 to 2019. The rapid rate of globalization in European countries is boosting the food & beverage industry, which in turn, is increasing the demand for food & beverage ingredients. The rising disposable income and purchasing power of people in this region have caused a hike in the demand for functional foodstuffs. Countries such as Germany, France, and the U.K. have a strong presence in the nutraceuticals and functional food & beverages sectors, in contrast with countries such as France and Switzerland which are steadily rising. In other parts of Europe, this market is still in a progressive stage mainly due to the lack of awareness of the benefits of these products.

In this report, the European fibers & specialty carbohydrates (nutraceuticals) market has been broadly discussed in terms of applications such as functional food, functional beverages, dietary supplement, animal feed, and personal care. The functional food segment is projected to grow at the highest CAGR from 2014 to 2019. The swift rate of globalization in the countries of Europe is increasing the demand for fibers & specialty carbohydrates in the food & beverage industry. 

Germany is the largest fibers & specialty carbohydrates (nutraceuticals) market in Europe, with a share of 22.0%; followed by France and the U.K. The market in Russia is projected to grow at the highest CAGR during the review period. Increasing consumer awareness and growing number of health issues due to changing lifestyles and eating patterns has increased the demand for fibers & specialty carbohydrates products in Europe. 

Tate & Lyle PLC (U.K.) held the major share in the European fibers & specialty carbohydrates (nutraceuticals) market in terms of market share. Cargill Incorporated (U.S.), with a market share of 12.4% is not far behind Tate & Lyle PLC (U.K.). Other firms such as Roquette Frères (France) and E. I. du Pont de Nemours and Company (U.S.) are competing for market share in the region. These companies are actively engaged in strategies such as mergers & acquisitions, joint ventures, new product development, and expansion to increase their market share.  

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