Rising prevalence of chronic diseases coupled with increased use of supplements for preventive well-being in the Country to Drive Nutraceuticals Market in Australia
The revenues of Australia Nutraceuticals Market are observed to continuously increase at a high pace during the historical period. High awareness about the health products, economic stability to purchase expensive health nutraceuticals and easy availability of highly priced branded products are major factors which acted as major drivers for the growth of nutraceuticals market in Australia. Additionally, information and public health campaigns from government about the importance of healthy diet and exercise regime has led Australians to use the nutritional supplements at an extensive rate, hence generating revenue for the market.
The report titled “Australia Nutraceuticals Market Outlook to 2021 – Rising Prevalence of Chronic Diseases coupled with Elevated Use among Women to Foster Future Growth” by Ken Research suggested that nutraceuticals market in Australia would showcase a robust growth during the forecast period. The demand for supplements pertaining to well-being in Australia is anticipated to be high especially in the sport supplement section. The fastest growing segment has been protein bar while protein powders are expected to record increased sales.
Ankur Gupta, Head Marketing & Communications
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