Functional Foods & Nutraceuticals
Market 2014-2024
Probiotics, Vitamins, Minerals & Other Dietary
Supplements & Nutrients
...
Contents
1. Executive Summary
1.1 Global Market Overview
1.2 Benefits of this Report
1.3 Who is this Report for?
1.4 Metho...
Contents
4.6 Functional Food: Probiotics, Prebiotics and Synbiotics
4.7 Dietary Supplements: Vitamins
4.8 Dietary Suppleme...
Contents
7.2.3 Drivers and Restraints of the Functional Foods and Drinks Market
7.2.4 Geographical Regions With Significan...
Contents
8.6 Nature’s Sunshine Products Inc. Overview
8.7 Nutraceutical International Corporation Overview
8.8 USANA Healt...
Contents
List of Tables
Table 1.1 Global Functional Foods and Nutraceuticals Market Forecast Summary 2014, 2019,
2024 ($bn...
Contents
Table 5.5 North America Functional Foods and Nutraceuticals Market Drivers & Restraints
Table 5.6 Latin America F...
Contents
Figure 4.12 Herbs Regional Forecast 2014-2024 ($bn, AGR%)
Figure 4.13 Minerals Regional Forecast 2014-2024 ($bn, ...
Contents
Companies Mentioned in This Report
Abbott Laboratories
Adisseo France S.A.S
Ajinomoto
Aland (Jiangsu) Nutraceutic...
Contents
Dean Foods
Doterra
DSM Nutritional Products Ltd.
Dr Pepper Snapple Group
EcoNugenics
Enzymatic Therapy
EVONIK Ind...
Contents
Kellogg Co.
Kewpie Corporation
Kikkoman
Kirin Holdings
Knight-McDowell Labs
Kraft Foods Inc.
Kyowa Hakko Kogyo
Li...
Contents
Nippon Suisan
Nitta Gelatin
North China Pharmaceutical Group Corp.
Now Foods
Nutricia
Nutrinova
Ocean Nutrition C...
Contents
Solgar
Specialty Enzymes
Stauber Performance Ingredients
Sunny Delight Beverages Co.
Suntory Ltd.
Take Shape for ...
Contents
Other Organisations Mentioned in This Report
American Dietetic Association
American Pharmacists Association
Ameri...
Functional Foods & Nutraceuticals Market
2014-2024: Probiotics, Vitamins, Minerals &
Other Dietary Supplements & Nutrients...
Functional Foods & Nutraceuticals Market
2014-2024: Probiotics, Vitamins, Minerals &
Other Dietary Supplements & Nutrients...
Functional Foods & Nutraceuticals Market
2014-2024: Probiotics, Vitamins, Minerals &
Other Dietary Supplements & Nutrients...
Functional Foods & Nutraceuticals Market
2014-2024: Probiotics, Vitamins, Minerals &
Other Dietary Supplements & Nutrients...
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Functional Foods & Nutraceuticals 2014 2024

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For more information on this report please contact ediz.ibrahim@visiongain.com (+44 (0) 2075499976) or refer to our website http://www.visiongain.com/Report/1177/Functional-Foods-Nutraceuticals-Market-2014-2024

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Functional Foods & Nutraceuticals 2014 2024

  1. 1. Functional Foods & Nutraceuticals Market 2014-2024 Probiotics, Vitamins, Minerals & Other Dietary Supplements & Nutrients ©notice This material is copyright by visiongain. It is against the law to reproduce any of this material without the prior written agreement of visiongain. You cannot photocopy, fax, download to database or duplicate in any other way any of the material contained in this report. Each purchase and single copy is for personal use only.
  2. 2. Contents 1. Executive Summary 1.1 Global Market Overview 1.2 Benefits of this Report 1.3 Who is this Report for? 1.4 Methodology 1.5 Global Functional foods and Nutraceuticals Market Forecast 2014-2024 1.6 Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 2. Introduction to the Functional Foods and Nutraceuticals Market 2.1 Functional Foods and Nutraceuticals Market Structure Overview 2.2 Functional Foods and Nutraceuticals Market Definition 2.2.1 Find out About the Two Main Drivers of the Nutraceuticals Market 2.2.2 What Are the Main Characteristics of the Functional Foods? 3. Global Functional Foods and Nutraceuticals Market Forecast 20142024 3.1 Drivers & Restraints of the Functional Foods and Nutraceuticals Market 3.2 Regional Functional Foods and Nutraceuticals Market Analysis 2014-2024 3.2.1 Did North America Uniformly Define the Functional Foods and Nutraceuticals? 3.2.2 Find Out More About Latin America’s Future Market Perspectives 3.2.3 Learn About the Regulations in the Western European Region 3.2.4 What Country is the Leader in the Eastern European Functional Foods and Nutraceuticals Market? 3.2.5 Japan Was the First Country in the Asia Pacific to Introduce Functional Foods 3.2.6 Middle East and Africa: an Example of the Functional Foods Research Unit 3.2.7 Read More About the Australian Therapeutic Goods Administration and Regulations in the Oceania Region 4. Functional Foods and Nutraceuticals Submarkets 2014-2024 4.1 Functional Food: Carotenoids 4.2 Functional Food: Dietary Fibre 4.3 Functional Food: Fatty Acids 4.4 Functional Food: Soy Phytoestrogens 4.5 Functional Food: Natural Phenolics www.visiongain.com
  3. 3. Contents 4.6 Functional Food: Probiotics, Prebiotics and Synbiotics 4.7 Dietary Supplements: Vitamins 4.8 Dietary Supplements: Herbs 4.9 Dietary Supplements: Minerals 4.10 Dietary Supplements: Meal Supplements 4.11 Dietary Supplements: Speciality Supplements 4.12 Dietary Supplements: Sports Nutrition Supplements 4.13 Other Dietary Ingredients: Amino Acids 4.14 Other Dietary Ingredients: Enzymes 4.15 Other Dietary Ingredients 5. Regional Functional Foods and Nutraceuticals Markets 2014-2024 5.1 Regional Functional Foods and Nutraceuticals Markets Share Forecast 2014-2024 5.2 North America Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 5.3 Latin America Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 5.4 Western Europe Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 5.5 Eastern Europe Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 5.6 Middle East and Africa Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 5.7 Asia Pacific Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 5.8 Oceania Functional Foods and Nutraceuticals Submarkets Forecast 2014-2024 6. SWOT Analysis of the Functional Foods and Nutraceuticals Market 7. Expert Opinion 7.1 William Green, Director of Public Affairs and Relations, Nutricia Advanced Medical Nutrition, Danone Place Schiphol 7.1.1 Key Trends and Developments in the Nutrients Market 7.1.2 Technological Developments Expected to See Over the Next 10 Years in the Nutrients Market 7.1.3 Challenges and Opportunities in the Nutrients Market 7.1.4 Drivers and Restraints of the Nutrients Market 7.1.5 Geographical Regions With Significant Growth Rates in the Nutrients Market 7.1.6 Expected Growth Rates in the Nutrients Market 7.2 Malcolm Parkinson, Welch Foods Inc. 7.2.1 Key Trends and Developments in the Functional Foods and Drinks Market 7.2.2 Challenges and Opportunities in the Functional Foods and Drinks Market www.visiongain.com
  4. 4. Contents 7.2.3 Drivers and Restraints of the Functional Foods and Drinks Market 7.2.4 Geographical Regions With Significant Growth Rates in the Functional Foods and Drinks Market 7.2.5 Current Commercial Action That Has Changed the View of the Future Market for Functional Foods and Drinks 7.3 Alexander Filtz, DSM Nutritional Products Ltd. 7.3.1 Key Trends and Developments in the Functional Foods and Nutraceuticals Market 7.3.2 Technological Developments Expected Over the Next 10 Years in Functional Foods and Nutraceuticals Market 7.3.3 Challenges and Opportunities in the Functional Foods and Nutraceuticals Market Over the Next 10 Years 7.3.4 Drivers and Restraints of the Functional Foods and Nutraceuticals Market 7.3.5 Geographical Regions With Significant Growth Rates in the Functional Foods and Nutraceuticals Market 7.3.6 Growth Rates expected Over the Next 5-10 Years in Overall Functional Foods and Nutraceuticals Spending 7.3.7 Current Commercial Action That Has Changed the View of the Future Market for Functional Foods and Nutraceuticals 7.4 Chris Lee, Event Director, Vitafoods Portfolio 7.4.1 Key Trends and Developments in the Functional Foods and Nutraceuticals Market 7.4.2 Technological Developments Expected Over the Next 10 Years in Functional Foods and Nutraceuticals Market 7.4.3 Challenges and Opportunities Expected in the Functional Foods and Nutraceuticals Market Over the Next 10 Years 7.4.4 Drivers of the Functional Foods and Nutraceuticals Market 7.4.5 Restraints of the Functional Foods and Nutraceuticals Market 7.4.6 Geographical Regions With Significant Growth Rates in the Functional Foods and Nutraceuticals Market 8. Leading Companies in the Functional Foods and Nutraceuticals Market 8.1 Atrium Innovations Inc. Overview 8.2 Nature Made Overview 8.3 Herbalife Ltd. Overview 8.4 LifeVantage Corporation Overview 8.5 Medifast Inc. Overview www.visiongain.com
  5. 5. Contents 8.6 Nature’s Sunshine Products Inc. Overview 8.7 Nutraceutical International Corporation Overview 8.8 USANA Health Sciences Inc. Overview 8.9 Dean Foods Overview 8.10 Aland (Jiangsu) Nutraceutical Co. Ltd. Overview 8.11 Arla Foods Overview 8.12 DSM Nutritional Products Ltd. Overview 8.13 Lonza Group Ltd. Overview 8.14 Kellogg Co. Overview 8.15 Groupe Danone Overview 8.16 Ocean Spray Overview 8.17 Welch Foods Inc. Overview 8.18 Abbott Laboratories Overview 8.19 Sunny Delight Beverages Co. Overview 8.20 VitaQuest International LLC Overview 8.21 Other Leading Companies in the Market 9. Conclusion 9.1 Functional Foods and Nutraceuticals Market Outlook 9.2 Drivers & Restraints of the Functional Foods and Nutraceuticals Market 9.3 Global Functional Foods and Nutraceuticals Market Forecast 2014-2024 9.4 Functional Foods and Nutraceuticals Submarket Forecasts 2014-2024 9.5 Recommendations 10. Glossary www.visiongain.com
  6. 6. Contents List of Tables Table 1.1 Global Functional Foods and Nutraceuticals Market Forecast Summary 2014, 2019, 2024 ($bn, CAGR %) Table 1.2 Functional Foods and Nutraceuticals Submarkets Forecasts Summary 2014, 2019, 2024 ($bn, CAGR %) Table 1.3 Regional Functional Foods and Nutraceuticals Market Forecasts Summary 2014, 2019, 2024 ($bn, CAGR %) Table 2.1 Key Functional Product Areas Table 3.1 Global Functional Foods and Nutraceuticals Market Forecast 2014-2024 ($bn, AGR %, CAGR%, Cumulative) Table 3.2 Global Functional Foods and Nutraceuticals Market Drivers & Restraints Table 4.1 Functional Foods and Nutraceuticals Submarket Forecasts 2014-2024 ($bn) Table 4.2 Functional Foods and Nutraceuticals Submarket Forecasts 2014-2024 ($bn) Table 4.3 Functional Foods and Nutraceuticals Submarket Forecasts 2014-2024 ($bn) Table 4.4 Carotenoids Regional Forecast 2014-2024 ($bn, AGR %) Table 4.5 Dietary Fibre Regional Forecast 2014-2024 ($bn, AGR %) Table 4.6 Fatty Acids Regional Forecast 2014-2024 ($bn, AGR %) Table 4.7 Soy Phytoestrogens Regional Forecast 2014-2024 ($bn, AGR %) Table 4.8 Phenolics Regional Forecast 2014-2024 ($bn, AGR %) Table 4.9 Probiotics, Prebiotics and Synbiotics Regional Forecast 2014-2024 ($bn, AGR %) Table 4.10 Vitamins Regional Forecast 2014-2024 ($bn, AGR %) Table 4.11 Herbs Regional Forecast 2014-2024 ($bn, AGR %) Table 4.12 Minerals Regional Forecast 2014-2024 ($bn, Table 4.13 Meal Supplements Regional Forecast 2014-2024 ($bn, AGR %) Table 4.14 Speciality Supplements Regional Forecast 2014-2024 ($bn, AGR %) Table 4.15 Sports Nutrition Supplements Regional Forecast 2014-2024 ($bn, AGR %) Table 4.16 Amino Acids Regional Forecast 2014-2024 ($bn, AGR %) Table 4.17 Enzymes Regional Forecast 2014-2024 ($bn, AGR %) Table 4.18 Other Dietary Ingredients Regional Forecast 2014-2024 ($bn, AGR %) Table 5.1 North America and Latin America Functional Foods and Nutraceuticals Market Forecast 2014-2024 ($bn, Cumulative) Table 5.2 Western Europe and Eastern Europe Functional Foods and Nutraceuticals Market Forecast 2014-2024 ($bn, Cumulative) Table 5.3 Middle East and Africa, Asia Pacific, Oceania Functional Foods and Nutraceuticals Market Forecast 2014-2024 ($bn, Cumulative) Table 5.4 North America Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) www.visiongain.com
  7. 7. Contents Table 5.5 North America Functional Foods and Nutraceuticals Market Drivers & Restraints Table 5.6 Latin America Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) Table 5.7 Western Europe Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) Table 5.8 Eastern Europe Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) Table 5.9 Middle East and Africa Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) Table 5.10 Asia Pacific Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) Table 5.11 Oceania Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR %, CAGR%) Table 6.1 SWOT Analysis of the Functional Foods and Nutraceuticals Market 2014-2024 Table 8.1 Other Leading Companies in the Functional Foods and Nutraceuticals Market 2013 (Company) Table 8.2 Projects Funded by the EC Framework Programmes Table 9.1 Global Functional Foods and Nutraceuticals Market Drivers & Restraints Table 9.2 Global Functional Foods and Nutraceuticals Market Forecast Summary 2014, 2019, 2024 ($bn, CAGR %) Table 9.3 Functional Foods and Nutraceuticals Submarkets Forecasts Summary 2014, 2019, 2024 ($bn, CAGR %) List of Figures Figure 2.1 Global Functional Foods and Nutraceuticals Market Structure Overview Figure 3.1 Global Functional Foods and Nutraceuticals Market Forecast 2014-2024 Figure 4.1 Functional Foods and Nutraceuticals Submarket Forecasts 2014-2024 ($bn) Figure 4.2 Functional Foods and Nutraceuticals Submarkets Share Forecast 2014 (%) Figure 4.3 Functional Foods and Nutraceuticals Submarkets Share Forecast 2019 (%) Figure 4.4 Functional Foods and Nutraceuticals Submarkets Share Forecast 2024 (%) Figure 4.5 Carotenoids Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.6 Dietary Fibre Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.7 Fatty Acids Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.8 Soy Phytoestrogens Submarket Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.9 Phenolics Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.10 Probiotics, Prebiotics and Synbiotics Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.11 Vitamins Regional Forecast 2014-2024 ($bn, AGR%) www.visiongain.com
  8. 8. Contents Figure 4.12 Herbs Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.13 Minerals Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.14 Meal Supplements Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.15 Speciality Supplements Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.16 Sports Nutrition Supplements Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.17 Amino Acids Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.18 Enzymes Regional Forecast 2014-2024 ($bn, AGR%) Figure 4.19 Other Dietary Ingredients Regional Forecast 2014-2024 ($bn, AGR%) Figure 5.1 Regional Functional Foods and Nutraceuticals Market Forecasts 2014-2024 ($bn) Figure 5.2 Regional Functional Foods and Nutraceuticals Markets Share Forecast 2014 (%) Figure 5.3 Regional Functional Foods and Nutraceuticals Markets Share Forecast 2019 (%) Figure 5.4 Regional Functional Foods and Nutraceuticals Markets Share Forecast 2024 (%) Figure 5.5 North America Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR%) Figure 5.6 Latin America Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR%) Figure 5.7 Western Europe Functional Foods and Nutraceuticals Submarkets Forecasts 20142024 ($bn, AGR%) Figure 5.8 Eastern Europe Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR%) Figure 5.9 Middle East and Africa Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR%) Figure 5.10 Asia Pacific Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR%) Figure 5.11 Oceania Functional Foods and Nutraceuticals Submarkets Forecasts 2014-2024 ($bn, AGR%) www.visiongain.com
  9. 9. Contents Companies Mentioned in This Report Abbott Laboratories Adisseo France S.A.S Ajinomoto Aland (Jiangsu) Nutraceutical Co. Ltd. Ampac Fine Chemicals AnaSpec, Inc. Arla Foods Archer Daniels Midland Company Asahi Food & Health Care Atrium Innovations Inc. Aussie bodies Australian Harvest Australian food innovators Basic Research BASF Bayer Belovo Bioriginal Food&Science Corporation BioGaia Biologics AB Biopolymer Engineering Inc BNLfood Group Bunge Calpis Campbell Soup Co. Cargill Inc. Ceapro Inc. Celanese AG Chr. Hansen Coca-Cola Company Cognis Corp. Conagar Foods Inc. Cornucopia Community Market Country Life Cranimals Croda CytoSports www.visiongain.com
  10. 10. Contents Dean Foods Doterra DSM Nutritional Products Ltd. Dr Pepper Snapple Group EcoNugenics Enzymatic Therapy EVONIK Industries AG Ezaki Glico FANCL Corporation Ferolito Vultaggio&Sons Fluxome Fujicco Fuji Oil General Mills Inc. Genzyme Corp Glanbia Plc GlaxoSmithKline Company GNC Manufacturing Groupe Danone Groupe Lactalis Hansen Natural Inc. Hayashibara Heartland Lysine Healthy Directions Herbalife Ltd. H.J. Heinz Co. Ideasphere Integrity Nut InterMed Discovery GmbH Iovate IRIS Biotech GmbH Ito En Ito Life Science Jason Pharmaceuticals, Inc. (Jason) Jason Enterprises, Inc. Jason Properties, LLC Leiner Health Products Kagome www.visiongain.com
  11. 11. Contents Kellogg Co. Kewpie Corporation Kikkoman Kirin Holdings Knight-McDowell Labs Kraft Foods Inc. Kyowa Hakko Kogyo LifeVantage Corporation Lifeway Foods Inc. LifeSpan Biosciences, Inc. Lion Corporation Loders Croklaan Lonza Group Ltd. Lotte Bussan Mars Inc Martek Biosciences Matrix Initiatives Medifast Inc. Meisyn Technologies Megaburn Megmilk Snow Brand Company Ltd Meiji Group Metagenics MMA Elite Molkerei Alois Mueller GmbH & Co. KG Monfort Inc. Morinaga Milk Murray Goulburn MusclePharm Corporation Native Remedies NBTY (Natures Bounty, Sundown, Oseto-Bi-Flex) Natural Vitality Nature Made Nature’s Sunshine Products Inc. Natures Way Products Nestle Nippon Flour Mills www.visiongain.com
  12. 12. Contents Nippon Suisan Nitta Gelatin North China Pharmaceutical Group Corp. Now Foods Nutricia Nutrinova Ocean Nutrition Canada Ocean Spray Old Orchard Brands Omega Fields Omega Protein Corp. Optimum Nutrition Oryza Oil & Fat Chemical Pan Pharmaceuticals Ltd. PepsiCo Inc. Perigo Pharmavite LLC. Pioneer Hi-Bred International, Inc. Prinova Probi AB Protos-Biotech Quaker Oats Company Raisio Group Red Bull GmbH Riken Vitamin Roche Royal FrieslandCampina Sanitarium Health & Wellbeing Company Sapporo Beer Schiff Nutrition Intl Sekisui Medical Co., Ltd Seven Crondall, LLC. Seven Seas Shanghai Hanhong Chemical Co. Ltd. Sichuan Tongsheng Amino Acid Co. Sigma-Aldrich Co. Smart Balance www.visiongain.com
  13. 13. Contents Solgar Specialty Enzymes Stauber Performance Ingredients Sunny Delight Beverages Co. Suntory Ltd. Take Shape for Life, Inc. Tarac technologies Transitions for Health, Inc. The Real Food Company Thom’s Natural Foods Tocris Bioscience Toyo Shinyaku Tropicana Orange Juice Walmart Unilever USANA Health Sciences Inc. Valio Vascure Natural Vic Cherikoff VitaSupply VitaQuest International LLC Vitality brands Walker Biochem Welch Foods Yakult Honsha Co. Ltd. Zhangjiagang Huachang Pharmaceutical Co., Ltd. www.visiongain.com
  14. 14. Contents Other Organisations Mentioned in This Report American Dietetic Association American Pharmacists Association American Academy of Nurse Practitioners American Heart Association American Academy of Family Physicians Australian Therapeutic Goods Administration Cape Peninsula University of Technology Canadian Food Inspection Agency Council and Parliament of Europe Department of Agriculture and the Department of Health and Human Services EFSA EC Concerted Action on Functional Food Science in Europe European Food Safety Authority European Food Information Council FamilyDoctor.org Federal Trade Commission Foods for Specified Health Use Food Standards Australia, New Zealand Health Canada International Life Sciences Institute International Food Network Japanese Ministry of Health, Labour and Welfare Japanese Ministry of Agriculture, Forestry and Fisheries Japan Functional Food Research Association Malaysian Palm Oil Industry Ministry of Health, Labour and Welfare National Institute of Health New Zealand Institute for Plant and Food Research Office of Management and Budget World Health Organisation United States Department of Justice UN Food and Agriculture Organisation US Food and Drug Administration www.visiongain.com
  15. 15. Functional Foods & Nutraceuticals Market 2014-2024: Probiotics, Vitamins, Minerals & Other Dietary Supplements & Nutrients 4.1 Functional Food: Carotenoids Table 4.4 Carotenoids Regional Forecast 2014-2024 ($bn, AGR %) 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-2014 0.36 0.37 0.37 0.38 0.39 0.40 0.41 0.42 0.43 0.44 0.45 0.46 1.8 1.9 2.0 2.1 2.2 2.3 2.3 2.3 2.3 2.4 2.5 0.10 0.10 0.11 0.11 0.11 0.11 0.12 0.12 0.12 0.12 0.13 1.9 2.0 2.1 2.2 2.2 2.2 2.3 2.4 2.5 2.6 2.7 0.36 0.36 0.37 0.38 0.39 0.40 0.41 0.42 0.43 0.45 0.46 2.0 2.1 2.3 2.3 2.4 2.5 2.6 2.7 2.8 2.9 3.0 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.09 0.10 0.10 1.0 1.3 1.5 1.6 1.7 1.9 2.0 2.2 2.3 2.4 2.5 0.09 0.09 0.09 0.09 0.10 0.10 0.10 0.10 0.10 0.11 0.11 1.0 1.1 1.2 1.3 1.5 1.8 1.9 2.0 2.3 2.5 2.5 0.15 0.16 0.16 0.17 0.17 0.17 0.18 0.19 0.19 0.20 0.20 2.4 2.5 2.5 2.7 2.7 2.8 2.9 2.9 2.9 3.0 3.0 0.07 0.07 0.07 0.08 0.08 0.08 0.08 0.09 0.09 0.09 0.09 2.1 2.2 2.3 2.4 2.6 2.7 2.7 2.7 2.7 2.7 2.7 1.22 1.25 1.27 1.30 1.33 1.36 1.39 1.43 1.47 1.50 1.55 1.8 North America 2.0 2.1 2.2 2.3 2.4 2.4 2.5 2.6 2.7 2.7 AGR (%) Latin America 0.10 AGR (%) Western Europe 0.35 AGR (%) Eastern Europe 0.08 AGR (%) Middle East and Afr 0.09 AGR (%) Asia Pacific 0.15 AGR (%) Oceania 0.07 AGR (%) Total 1.20 AGR (%) 4.49 1.25 4.44 0.97 1.08 1.94 0.89 15.07 Source: Visiongain 2013 Figure 4.5 Carotenoids Regional Forecast 2014-2024 ($bn, AGR%) 3.0 1.8 1.6 2.0 Sales ($bn) 1.2 1.0 1.5 0.8 1.0 0.6 0.4 Total AGR (%) 2.5 1.4 0.5 0.2 0.0 0.0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Year North America Latin America Western Europe Eastern Europe Middle East and Africa Acia Pacific Oceania AGR (%) Source: Visiongain 2013 www.visiongain.com Page 40
  16. 16. Functional Foods & Nutraceuticals Market 2014-2024: Probiotics, Vitamins, Minerals & Other Dietary Supplements & Nutrients Figure 5.11 Oceania Functional Foods and Nutraceuticals Submarkets Forecasts 20142024 ($bn, AGR%) 45 12.00 40 10.00 35 8.00 25 6.00 20 15 AGR (%) Sales (%) 30 4.00 10 2.00 5 0 0.00 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Year Carotenoids Dietary Fibre Fatty Acids Soy phytoestrogens Phenolics Probiotics, etc. Vitamins Herbs Minerals Meal supplements Speciality supplements Sports nutrition Amino acids Enzymes Other dietary ingredients AGR (%) Source: Visiongain 2013 www.visiongain.com Page 102
  17. 17. Functional Foods & Nutraceuticals Market 2014-2024: Probiotics, Vitamins, Minerals & Other Dietary Supplements & Nutrients 7. Expert Opinion ____ 7.1 William Green, Director of Public Affairs and Relations, Nutricia Advanced Medical Nutrition, Danone Place Schiphol 7.1.1 Key Trends and Developments in the Nutrients Market Nutricia is specialising in nutrients and foods for specialised medical purposes. In the elderly category we see more and more opportunity for people who need specific food, as a result of the effects of aging. That is largely because the population, especially in Europe, is getting much older than it used to, and there is more and more understanding that people who are older need specific kind of nutrition. 7.1.2 Technological Developments Expected to See Over the Next 10 Years in the Nutrients Market As food companies become more sophisticated in breaking down the specific attributes into different subdivisions. There is a lot more sophistication in this area on the treatment, for example, with weight protein, and that is probably where the most technological breakthrough will come through. The second technology will be a better understanding of how nutrition affects people from the health care perspective. At the moment, you have essentially a situation where the medical care is considered to be the province of drugs, and nutrition is considered to be a product of a healthy living, and you are going to see much more people working on how the two interact and complement one another. 7.1.3 Challenges and Opportunities in the Nutrients Market If you are constructing a new category in any kind of space, than you have to raise awareness, in our particular case, there is a double awareness that has to be clear: if you have to raise awareness amongst consumers, there are ways in which they can help themselves, which they did not necessarily believe that they had an access before, and you also have to raise awareness among health care professionals that these products can be useful for their patients. There are a lot of opportunities to see how the nutrition works. In disease specific areas, for example, how does nutrition affect bone development in young children, how does nutrition affect maintenance of memory in elderly, and seeing how nutrition works on different parts of the body – the future of www.visiongain.com Page 105
  18. 18. Functional Foods & Nutraceuticals Market 2014-2024: Probiotics, Vitamins, Minerals & Other Dietary Supplements & Nutrients 8.4 LifeVantage Corporation Overview LifeVantage specialises in Nrf2 science and it is the maker of Protandim®, the Nrf2 Synergizer® patented dietary supplement, so it is a science based nutraceutical company. LifeVantage looks how to transform wellness and anti-aging internally and externally with products that reduce oxidative stress at the cellular level. The company was founded in 2003 and is headquartered in Salt Lake City, UT. LifeVantage Corporation markets and sells proprietary products, primarily Protandim, to individuals throughout the United States and in Japan, Canada, Australia, Hong Kong, and Mexico. The company’s Protandim product is a patented dietary supplement that has been in a clinical trial to reduce the age-dependent increase in markers of oxidative stress. Protandim combats oxidative stress by increasing the body’s natural antioxidant protection at the genetic level, inducing the production of naturally-occurring protective antioxidant enzymes, including superoxide dismutase, catalase and glutathione-related enzymes. The company holds six U.S. patents and three international patents relating to Protandim. The company’s intellectual property is covered, in part, by six issued U.S. patents and three issued foreign patents in Australia, China and India. Corresponding foreign patent applications are pending in Canada, Europe and Japan. Protandim is a registered trademark in the United States, Australia, Canada, China, Costa Rica, the European Community, Japan, Mexico, New Zealand and Taiwan, with a pending application in Hong Kong. The formulation, manufacturing, packaging, labelling, and advertising of its Protandim, LifeVantage TrueScience and Canine Health products in the United States are subject to regulation by the Food and Drug Administration (FDA), and the Federal Trade Commission (FTC), as well as comparable state laws. The company markets Protandim as a ‘dietary supplement’ as defined in the Dietary Supplement Health and Education Act of 1994 (DSHEA). The company could become subject to additional laws or regulations administered by the FDA, FTC, or other federal, state, local or international regulatory authorities, to the repeal of laws or regulations that the company considers favourable, such as DSHEA, or to more stringent interpretations of laws or regulations. www.visiongain.com Page 117

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