Nutraceutical Ingredients Market to Rise 7.3 percent

Precedence Research has published a new report titled, "Nutraceutical Ingredients Market Size, Share By Type (Probiotic, Proteins and amino acids, Phytochemical & plant extracts and Others); By Application (Food, Beverages, Personal care, Animal nutrition, ietary supplements); By Health Benefits (Cognitive health, Gut health, Heart health, Bone health); By Form (Dry, liquid) - Global Industry Analysis, Trends, Segment Forecasts, Regional Outlook 2020 - 2027". According to the study, the global nutraceutical ingredients market is expected to reach a market size of US$ 225.7 Billion by the end of 2027 and register a high revenue CAGR of 7.3% from 2020 to 2027.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, market share analysis, and the overall market environment.

Due to growing consumer demand for nutraceutical products such as probiotics, prebiotics, and vitamins, the global market for nutraceutical ingredients is expected to rise at a significant pace. The ingredients of nutraceuticals are derived from animals, plants, microbials and help provide food products with additional nutritional value. They are gluten-free and do not contain artificial colors and flavors, which makes them a healthy alternative to conventional products.

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Growth Factors

Nutraceutical is a material that adds nutritional value to the diet, known as a meal or part of a meal. It is also classified as a functional food that contains standardised and pharmaceutical-grade nutrients. The item functions by diet & works to prevent diseases as a source of nutritional supplement to the body. Rising chronic disease penetration will fuel the demand for nutraceutical ingredients. Key properties can help product penetration, including prevention of heart artery hardening and cholesterol, blood clotting & inflammation reduction. Consumer demand will be driven by increasing concern about longer life spans and future application reach in the animal nutrition and food & beverage industry.

Market growth is driven by factors such as the growth in demand for fortified foods due to a rising knowledge of health among consumers. Growing incidences of chronic diseases globally and mandates for food fortification by government organisations are key drivers for the growth of the industry. Different producers of nutraceutical ingredients are increasingly embracing personalised healthcare innovations to formulate better-suited and tailored end products for customers. Increasingly, consumer product businesses are now gathering data to allow a proper analysis of buying habits and lifestyle and provide customers with personalised choices in line with their buying trends.

The global nutraceutical ingredients market has been driven by growth in life expectancy & health awareness among customers and increased applications of nutraceutical ingredients. The high costs involved in R&D activities, on the other hand, could impede market growth at a global level.

Report Highlights

• North America showed prominent growth in the global nutraceutical Ingredients market in 2019 because of growing demand for nutraceutical products.
• India, which accounted for almost 31.5 percent of the market share in 2019, totally drives the Asia Pacific market for nutraceutical ingredients.
• As the market for dietary supplements and functional foods in dry form is growing, manufacturing companies are selling products in dry form, either in capsule form or compressed into tablets.
• Manufacturing companies are selling dry goods in increasing demand for nutritional supplements and functional foods in dry form; these are either available in capsule form or compressed into tablets.

Key Players:

The nutraceutical ingredients market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Top Manufacturers in the nutraceutical ingredients market are

• Kraft Heinz Company
• GlaxoSmithKline
• Amway
• Abbott
• Kellogg’s
• Danone
• Cargill Inc.,
• Nestle
• Archer Daniels Midland
• DSM
• BASF
• PepsiCo
• General Mills
• Aker Biomarine
• Procter & Gamble
• Johnson & Johnson

Market Segmentation

This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of material, application, and region:

By Type

• Probiotic
• Proteins and amino acids
• Phytochemical & plant extracts
• Fibers & specialty carbohydrates
• Omega 3 fatty acids
• Vitamins
• Prebiotic
• Carotenoids
• Minerals
• Others

By Application

• Food
• Beverages
• Personal care
• Animal nutrition
• Dietary supplements

By Health Benefits

• Cognitive health
• Gut health
• Heart health
• Bone health
• Immunity
• Nutrition
• Weigh management
• Others

By Form

• Dry
• liquid

By Regional

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

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