Due to a significant increase in the world's aging population as well as growing consumer consciousness of health and wellness, the global nutraceuticals and functional foods market faces a promising outlook. The value of the globa; nutraceutical industry is expected to reach nearly US $280 billion by 2021, which would represent a CAGR of 7.4% from 2015-2021.

The Asia-Pacific region is projected to the fastest-growing market for nutraceuticals and functional foods, with emerging nations such as China, Indonesia, and Thailand boosting overall market demand. Niche sectors, such as the sports nutrition market, valued att US $5.21 in the Asia Pacific region in 2015, are growing rapidly as a result of robust economic development.