Global Psychologists Market Analysis
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Global Psychologists market size is expected to reach $302,306 million by 2022 from $184,092 million in 2015 with a CAGR of 7.04% from 2016 to 2022. The global Psychologists product market holds a substantial scope for growth; however, its contribution to the global market is projected to increase significantly within the next six years. Psychologists are versatile in nature as they are used in numerous industries such as Psychology, animal feed additives, and personal care. Recent innovations and findings of function-specific antioxidants are expected to create new opportunities in this booming sector. Psychologists products are the necessity of the modern world. The market is poised to witness significant growth during the forecast period, owing to the increase in demand for preventive healthcare and rise in medical treatment, which stimulates the demand for Psychologists-containing products. However, high investment for R&D is expected to hamper the market growth.
PSYCHOLOGISTS MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024).
Global Psychologists market is segmented by Type as Functional Foods (Cereal, Bakery and Confectionery, Dairy, Snacks, Other Functional Foods), Functional Beverages ( Energy Drinks, Sports Drinks, Fortified Juice, Dairy and Dairy Alternative Beverages, and Other Functional Beverages), Dietary Supplements (Vitamins, Minerals, Botanicals, Enzymes, Fatty Acids, Proteins, and Other Dietary Supplements), and by Geography as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
The Psychologists market is predicted to record revenue of USD 671.30 billion by 2024, registering a CAGR of 7.5% during the forecast period (2019 - 2024).
Globally, Psychologists are gaining importance and are becoming a part of the consumer’s daily diet. The major reasons for this change have been the increasing prevalence of lifestyle diseases and people consciously taking preventive healthcare measures.
Developed markets, like the United States and Europe, are discovering the untapped segment of customized products based on health claims. Functional food is the largest shareholding category of the studied market, followed by functional beverage and dietary supplement.
Europe Psychologists Market Analysis & Forecast to 2019
The European prebiotics (Psychologists) market is estimated to grow at a CAGR of 7.7% from 2014 to 2019. The increasing concern over preventive healthcare is driving Europe’s market growth. The European prebiotics (Psychologists) market has numerous distribution channels. Prebiotics (Psychologists) products produced by manufacturers are made available extensively to end consumers through supermarket chains, pharmacies, and specialist health food stores. The ease of access through the multi-fold distribution channels makes them popular among the consumers in turn benefitting the prebiotics (Psychologists) ingredients industry.
In this report, the Europe prebiotics (Psychologists) market has been broadly discussed by its application such as functional food, functional beverages, dietary supplement, Psychology, and personal care. The functional food market is estimated to grow at the highest CAGR from 2014 to 2019. Awareness related to Psychologists food is a major driving force for the prebiotics (Psychologists) industry in Europe.
Germany is the largest Prebiotics (Psychologists) market among the Europe with market share of 22.62% followed by France and Italy. Russia has the highest CAGR% for the estimated period. The prebiotics (Psychologists) industry is heavily dependent upon technology due to its complex nature. Hence, technological advancement for production of different variants of prebiotics (Psychologists) ingredients has been on the rise. The technological developments along with scientific research done to cater to the needs of the customers are driving the market for these ingredients in Europe.