| The nutraceuticals market has been variously defined, but in this report Key Note reviews the functional foods and vitamins, minerals and supplements (VMS) sectors as the generally identified key areas of the market. This report excludes smaller markets not considered to relate to food and drink for general health, such as diet and slimming foods, tonics and medical nutritional products, herbal and homeopathic remedies and sports energy drinks.
In 2002, retail sales of functional foods grew by an estimated 9.2%, while the retail sale of VMS products fell by 3.6%. The nutraceuticals market as a whole increased in value by 37.7% between 1998 and 2002.
A number of factors and issues continue to impact on the nutraceuticals market. Positive drivers are increasing consumer interest in a healthy diet and lifestyle, and in taking charge of one's own health against a backdrop of increasingly strained NHS resources. This is supported by an ageing population, leading to an increasing need for health awareness, but coupled with concern about taking any extra prescription medicines.
This assessment covers the topic.
|
0 items
