The content of this report will be updated with the latest scenarios based on the global COVID-19 Pandemic
“The nutraceutical ingredients market is projected to grow at a CAGR of 7.0%.”
The nutraceutical ingredients market is estimated to be valued at USD 162.1billion in 2020 and is projected to reach USD 227.5billion by 2025, at a CAGR of 7.0% from 2020 to 2025.The growth of the nutraceutical ingredients market is driven by factors such as growth in the demand for fortified food owing to the increasing health consciousness amongst consumers. Key drivers for the market’s growth include increasing incidences of chronic diseases worldwide and mandates on food fortification by government organizations.
“The probiotic segment for nutraceutical ingredients is estimated to account for the largest share in 2020.”
The nutraceutical ingredients markets, by type, is estimated to be dominated by the probiotic segment in 2020.Probiotic ingredients have witnessed positive effects on the overall human health and are becoming one of the essential ingredients for various health & nutritional applications. Owing to which there is a wide range of probiotic-based applications in the functional food, functional beverage, dietary supplement, and animal nutritional industries.
“The foodsegment for nutraceutical ingredients isestimated to account for the largest share in 2020”
The nutraceutical ingredients market, by application, is estimated to be dominated by the foodsegment in 2020. With the increasing awareness among consumers, the market for nutraceutical-based food is increasing as consumers prefer balanced diets and food that not only satisfies their hunger but also takes health into consideration. Therefore, the growth of the nutraceutical food market is widening its applications and creating growth opportunities for the nutraceutical ingredients market.
“The dry segment for nutraceutical ingredients is estimated to account for the largest share in 2020.”
The nutraceutical ingredients market, by form, is estimated to be dominated by the dry segment in 2020. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and some minerals such as zinc and folic acid. These ingredients are extracted in dry form from several sources. For instance, vitamin C is extracted from acerola plant, protein powder, and fiber and amino acid from the hemp plant. As a result of the increasing demand for dietary supplements and functional foods in dry form, manufacturing companies are offering products in dry form; these are either available in the form of capsules or compressed into tablets.
“Asia Pacificis projected to witness significant growth in the nutraceutical ingredients market.”
Busy lifestyles have led to an increase in the consumption of convenience food products and the rapid economic growth of countries in the region, which has driven the demand for fortified nutritional food & beverage products in the region. The application of nutraceutical ingredients is projected to increase at a rapid rate in the region due to a surge in demand and the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed.
The breakdown of primaries on the basis of company type, designation, and region is as follows:
- By Company Type: Tier I: 70%, Tier II: 20%, and Tier III: 10%
- By Designation: D Level: 50%, C Level: 10%,Manager Level: 40%
- By Region: North America: 20%, Europe: 30%, Asia Pacific: 30%, andRoW: 20%
The key nutraceutical ingredients manufacturing players include the following:
- Associated British Foods (Uk)
- Arla Foods (Denmark)
- DSM (Netherlands)
- Ingredion Incorporated (US)
- Tate & Lyle PLC (UK)
- Ajinomoto Co., Inc. (Japan)
- Tate & Lyle (Ireland)
- Chr. Hansen (Denmark)
- Kyowa Hakko Kirin Group (Japan)
- Glanbia plc (Ireland)
- Fonterra Co-operative Group Ltd. (New Zealand)
- Cargill (US)
- ADM (US)
- DuPont (US)
- BASF (Germany)
The key players in the nutraceutical ingredients market adopted expansions and product launchesas their key growth strategies to increase their market share and profits. Acquisitions accounted for the second most important growth strategy to be adopted by market players.
The report analyzes the nutraceutical ingredients market along with nutraceutical ingredients market across different types and regions. It aims at estimating the market size and future growth potential of this market across different segments such as health benefits (cognitive health, gut health, heart health, bone health, immunity, nutrition, weight management, and others);type (probiotic, proteins and amino acids, phytochemical & plant extracts, fibers & specialty carbohydrates, omega 3 fatty acids, vitamins, prebiotic, carotenoids, minerals, and others); application (food, beverages, personal care, animal nutrition and dietary supplement);form (dry and liquid) and region. The report also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Reasons To buy this report:
- To get a comprehensive overview of the global nutraceutical ingredients market
- To gain wide-ranging information about top players, their product portfolios, and key strategies adopted by them
- To gain insights onmajor countries/regions in which the nutraceutical ingredients market is flourishing