Cargill Inc. (U.S.) with the Market Share of 11.70% is not Far Behind Tate & Lyle (England) In Fibers & Specialty Carbohydrates (Nutraceuticals) Market

Date: 2015-08-12

The North American fibers & specialty carbohydrates (nutraceuticals) market is estimated to grow at a CAGR of 7.1% from 2014 to 2019. The rapid rate of globalization in the developing countries of North American region is boosting the food & beverage industry. The increasing disposable incomes of the people in these regions have caused an upsurge in the demand for functional foods and beverages. North American countries such as the U.S. and Canada have an existing strong nutraceuticals and functional food and drinks sector, in contrast with countries such as Mexico, which are gradually rising. In other parts of the North American region, this sector is still in its nascent stage mainly due to the lack of awareness of these products.

In this report, the North American fibers & specialty carbohydrates (nutraceuticals) market has been broadly discussed by its applications such as functional food, functional beverages, dietary supplement, animal nutrition, and personal care. The functional beverages market is estimated to grow at the highest CAGR from 2014 to 2019. The rapid rate of globalization in the developing countries of the North American region is boosting the need for fibers & specialty carbohydrates in the food & beverage industry. 

The U.S. is the largest fibers & specialty carbohydrates (nutraceuticals) market among the North America with a market share of 52.43% followed by Canada and Mexico. The U.S. has the highest CAGR% for the estimated period. Increase in consumer awareness has propelled the demand for fibers & specialty carbohydrates products in the North American region. 

Tate & Lyle (England) has a major chunk in the North American fibers & specialty carbohydrates (nutraceuticals) market in terms of market share. Cargill Inc. (U.S.) with the market share of 11.70% is not far behind Tate & Lyle (England). Other firms such as E.I. DuPont de Nemours and Company (US) and Ingredion Incorporated (U.S.) are competing for growing fibers & specialty carbohydrates (nutraceuticals) market in the region. These companies are engaged in market strategies such as mergers & acquisitions, joint ventures, new product development, and expansion to increase their market share. 

Categories

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample