The global nutraceuticals market is in the midst of significant transformation. Business consolidation, growth, regulation, and continued global market pressures are driving nutraceutical businesses to adopt technological improvements.
The global nutraceuticals market is divided into four major segments: functional foods, functional beverages, dietary supplements, and personal care. Functional foods dominate the nutraceutical market and continue to expand at a 7.1% CAGR from 2015 to 2021, according to Transparency Market Research.
With such an uptrend in the numbers, there are many potential pitfalls for manufacturers. One of the largest concerns is compliance.