“Increasing awareness about healthy diets and growing aging population are projected to drive the growth of the nutraceutical ingredients market.”
The global nutraceutical ingredients market size is projected to grow from USD 152.0 billion in 2019 to USD 228.0 billion by 2025, recording a CAGR of 7% during the forecast period. The nutraceutical ingredients market is driven by factors such as increasing demand for fortified food products due to the rising awareness about better dietary choices, growing aging population, and increasing prevalence of chronic diseases. However, consumer skepticism associated with the adoption of various nutraceutical ingredients and high costs associated with these products is projected to hinder the market growth of nutraceutical ingredients.
“The prebiotics segment in the nutraceutical ingredients market is projected to be the fastest-growing segment, in terms of value.”
The demand for prebiotics in the nutraceutical ingredients market has increased due to their gut health benefits. Further, prebiotics in the nutraceutical ingredients market have a wide range of applications in fortification of food and beverage products. These are used in feed products to increase the nutrient utilization efficiency in livestock. Additionally, rising health awareness among the global population has a significant impact on the demand for prebiotic ingredients.
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“The dry segment is projected to hold the largest market share during the forecast period.”
The dry form or powder form is extracted through a number of downstream processes, which helps to obtain the desired moisture content and nutrient concentration in end products. The dry form of nutraceutical ingredients is characterized by better stability and ease of handling & storage, as compared to the liquid form. Moreover, dry ingredients can retain all the desirable properties such as aroma and long shelf life of products.
“The Asia Pacific is projected to hold the largest market share during the forecast period.”
The Asia Pacific is projected to account for the largest market share during the forecast period due to the rising incomes, increasing purchasing power, and significant consumer demand for nutritional and health products. Further, busy lifestyles have encouraged the consumption of convenience health food products, which is projected to drive the demand for nutraceutical ingredients in this region.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, nutraceutical ingredients manufacturers, and executives from various key organizations operating in the nutraceutical ingredients market.
- By Company Type: Tier 1: 70%, Tier 2: 20%, and Tier 3: 10%
- By Designation: C-level: 10%, D-level: 50%, and Managers: 40%
- By Region: North America: 20%, Europe: 30%, Asia Pacific: 30%, and RoW: 20%
The nutraceutical ingredients market comprises major players such as Cargill (US), BASF (Germany), ADM (US), Omega Protein Corporation (US), DSM (Netherlands), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Ajinomoto (Japan), DowDuPont (US), Chr. Hansen (Denmark), Kyowa (Japan), Glanbia (Ireland), Fonterra (New Zealand), Associated British Foods (UK), Sigma-Aldrich (US), and Evonik (Germany).The study includes an in-depth competitive analysis of these players in the nutraceutical ingredients market, with their company profiles, recent developments, and the key market strategies.
The study covers the nutraceutical ingredients market across segments. It aims at estimating the market size and its growth potential across different segments such as application, form, type, health benefits, and region. The study also includes an in-depth competitive analysis of key players in the market; along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall nutraceutical ingredients market and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report will also help the stakeholders to understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.