Nutraceutical Ingredients Market is forecasted to grow at 7.5% for 2018 to 2025, resulting in the market to reach a valuation of USD 56.52 billion by 2025. This market valuation is also expected to be restricted by a number of factors such as higher costs associated with the products enriched and fortified with these ingredients.
Nutraceutical ingredients market is being driven amid increased awareness of the consumers for health consciousness as well as the growth of life expectancy rate amongst this population group. High growth in the consumption rate for functional food products is also expected to have a positive impact on the demands for nutraceutical ingredients.
According to Data Bridge Market Research, nutraceutical ingredients market will witness a growth impact due to the rising prevalence of chronic diseases and long-term disorders which has resulted in greater areas of application for nutraceutical ingredients. Another important factor enhancing the rate of demands for nutraceutical ingredients is the increased requirements for food fortification mandated by the government organizations.
Nutraceutical ingredients market will consist of Asia-Pacific as being the dominant region which is expected to be caused by the significant consumer base present in the region giving rise to high consumption rate for different application areas of nutraceutical ingredients. Along with this consumer base, the high volume of the population suffering from a number of health disorders of this region is also expected to improve the consumption rate for nutraceutical ingredients in the region.
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In July 2019, Hemptown USA announced that they had completed the acquisition for all business related assets utilized in the development and manufacturing of certified organic nutraceutical products. The assets have been acquired from the Kirkman Group with it being situated in Lake Oswego, Oregon, United States. The assets consist of management employees, production equipment, intellectual property, fulfilment centers and sales channel networks.
Martin Bauer Group in March 2019 announced that they had acquired BI Nutraceuticals, with this acquisition helping create an expanded product range plant-based ingredients and products being made available throughout the United States. This acquisition will also integrate an extensive manufacturing facility for ingredients being developed for tea, food, dietary supplement and beverage industries.
Global Nutraceutical Ingredients Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, China, Japan, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC), U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA).
All country based analysis of the nutraceutical ingredients market is further analysed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into prebiotics, probiotics, proteins & amino acids, omega-3 fatty acids, minerals, vitamins, carotenoids, fibres & specialty carbohydrates, phytochemical & plant extracts and others. Application is segmented into functional food, functional beverages, dietary supplements, animal nutrition and personal care. Form is segmented as dry and liquid. Health benefits are categorized as gut health, bone health, heart health, immunity nutrition, weight management and others.
Nutraceutical ingredients are described as the micronutrients or nutritional compounds that are integrated with the functional food products to improve the nutritional content and value of the foods. These ingredients are available in different forms depending on their type; these ingredients are categorized as vitamins, minerals, proteins, probiotics, prebiotics and various other nutrients.
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Key Pointers Covered in the Nutraceutical Ingredients Market Industry Trends and Forecast to 2025
Key Market Competitors Covered in the report
Above are the key players covered in the report to know about more and exhaustive list of nutraceutical ingredients companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-nutraceutical-ingredients-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Nutraceutical Ingredients Market– Industry Trends and Forecast to 2025