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Mexico Nutraceuticals Industry Outlook to 2017 - Demand from Ageing and Obese Population to Drive Revenues

Thursday, 24 April 2014

Researchmoz presents this most up-to-date research on"Mexico Nutraceuticals Industry Outlook to 2017 - Demand from Ageing and Obese Population to Drive Revenues". The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Remote Patient Monitoring Market.

The report titled “Mexico Nutraceuticals Industry Outlook to 2017- Demand from Ageing and Obese Population to Drive Revenues” provides a detailed analysis of the industry covering various aspects including market size in terms of revenues and market segmentation on the basis of major categories such as dietary supplements and functional food and beverages. The report also includes competitive scenario of major players operating in the industry. The future projections are included to provide an insight on the prospects available in the Mexico nutraceuticals industry.

The demand for fortified meals and beverages, such as calcium-enriched food and drinks, vitamins and nutritional supplements, as well as high-fiber, low fat, sugar, cholesterol and sodium products have traced an increasing growth over the years. The market has increased at an annualized rate of 7.6% over this period, with functional food and beverages being the largest contributing category. The market registered revenues worth USD  million in 2012, which increased by an estimated % from 2011.

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The report covers in-depth analysis of Sports Nutrition market, by product segment (Sports Food, Sports Drinks and Sports Supplements) for the period from 2010 to 2019. In addition, the current market dynamics including the drivers, restraints, trends and recent developments have been captured throughout the report. The market for the major countries in each of the four regions, North America, Europe, Asia Pacific and Rest of the World includes historical and forecasted market sizes (2010-2019), in terms of value. North America region covers the scenario in the U.S. and Canada. Europe region covers the scenario of the U.K., Germany, Italy and France. Asia-Pacific region highlights the scenario in Australia, Japan, India and China.Increasing health awareness and changing consumer groups are the major growth drivers for the global Sports Nutrition market. Traditionally, bodybuilders and athletes were the only consumers for sports nutrition products. In recent years, new user groups (recreational and lifestyle users) have increased their market share.

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Mexico was ranked as the most obese nation in 2012, overtaking the US for the first time. Nearly 70% of the Mexicans were observed to fall in the obese and overweight category, with the rates tripling for children over the last decade. The serious epidemic of obesity has triggered the weight-related diabetes which has been recorded to claim a majority of the Mexican lives each year, with an approximate one of every six adult suffering from the disease. These factors have encouraged people to adopt a healthier diet, which has made nutraceuticals an indispensible item in dietary regimes.
Over the span of 2006-2012, the market for functional food and beverages in Mexico has expanded at a healthy growth rate, overtaking Brazil to gain the position of the fourth largest market for fortified products in the world. The sales of dietary supplements have also noticed a similar increase over the years. The growing risk of chronic diseases in the country has prompted an increasing number of people to consume these supplements in order to boost immunity and fulfill nutritional requirements. Additionally, the purchase of dietary supplements in the country has also been bolstered by the growing necessities of an expanding middle aged and elderly population. 

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