The nutraceutical ingredients market, estimated at USD 29.48 billion in 2016, is projected to grow at a CAGR of +7%, to reach USD 45.58 billion by 2022. This market is emerging with the growing life expectancy and health consciousness among consumers. It is primarily driven by factors such as increased incidences of chronic diseases and widening applications of nutraceutical ingredients. However, the high cost involved in R&D activities is restraining the growth of the market. Continuous developments in emerging markets such as Brazil, India, and China is paving new opportunities for the nutraceutical ingredients market.
Browse 67 market data tables and 50 figures spread through 173 pages and in-depth TOC on “Nutraceutical Ingredients Market by Type (Pre & Probiotic, Protein, Mineral, Vitamin, Carotenoid, Fiber, and Phytochemical), Application (Food, Dietary Supplement, and Animal Nutrition), Form, Health Benefit, and Region - Global Forecast to 2022" http://www.rnrmarketresearch.com/nutraceutical-ingredient-market-by-type-probiotics-proteins-plant-extracts-minerals-vitamins-fibers-carotenoids-others-by-application-functional-foods-beverages-supplements-animal-nutri-market-report.html
The fibers & specialty carbohydrate segment dominated the nutraceutical ingredients market among other ingredients. The market for fibers & specialty carbohydrates is driven by the rise in concerns over obesity and gastrointestinal disorders and increase in consumption of food & beverage products with high level of nutritional benefits and fibers such as breakfast cereals, fortified juices, and bread.
The dietary supplements segment is estimated to be the largest market for nutraceutical ingredients. Rise in demand for sports and nutritional products and increase in protein intake by athletes and fitness enthusiasts have a positive impact on this market.
Nutraceutical ingredients in dry form accounted for the largest share in the form segment in 2015. The process of formulating dry ingredients is comparatively easier, especially in high volume manufacturing, owing to the growth of this market. Moreover, dry form preserves the flavor and color of the food & beverage products and also provides benefits in terms of easy handling and storage, which is difficult with liquid ingredients.
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The Asia-Pacific region was the largest market for nutraceutical ingredients in 2015. Countries such as China and India are prominent users of nutraceutical ingredients for the manufacture of various functional food & beverage and pharmaceutical products. With busy lifestyles and increase in disposable incomes, the demand for fortified nutritional food & beverage products is growing in the region. The market here is driven by the increase in consumer awareness and growing incidences of chronic diseases such as gut diseases, high blood pressure, diabetes, and rickets. Japan is the fastest-growing country in the Asia-Pacific region, due to its rapidly aging population.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of the leading companies such as Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S), Associated British Foods plc (U.K), Koninklijke DSM N.V. (Netherlands), Ingredion Incorporated (U.S), Ajinomoto Co., Inc. (Japan), Arla Foods (Denmark), and Tate & Lyle PLC (U.K).
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