Global Nutraceutical Ingredients Market, By Type (Prebiotics, Amino Acids and Proteins, Omega-3 Fatty Acids, Vitamins, Minerals, Carotenoids, Plant Extracts and Phytochemical, Specialty Carbohydrates and Fibers), Form (Liquid and Powder), Application (Food, Beverages, Animal Nutrition, Dietary Supplements and Personal Care), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Nutraceutical Ingredients Market
Data Bridge Market Research analyses that the global nutraceutical ingredients market will project a CAGR of 7.35% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations in the food and beverages sector, rising consumer consciousness towards functional and fortified foods, surging prevalence of chronic diseases and disorders such as cancer, obesity, diabetes, and high blood pressure and increasing personal disposable income by the major companies are the major factors attributable to the growth of nutraceutical ingredients market.
Nutraceutical ingredients are the ingredients that are found in a wide range of food and beverage items that offer health benefits due to the presence of active ingredients. Nutraceutical ingredients improve an individual’s health, improve the immunity, delay the aging process, prevent chronic diseases and support body composition. Additionally, nutraceutical ingredients complete the basic nutritional requirement in undernourished children. Nutraceutical ingredients improve the body and mind functioning and presence of omega-3 fatty acids can help prevent oesophageal cancer.
Rising personal disposable income and growing consumer consciousness towards advantages of nutraceutical ingredients are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies and ever-rising global undernourished population are acting as market growth determinants. Improving distribution channel, rising awareness in regards to maintaining food safety, stringent regulations imposed by the government on maintaining the food quality, increased requirements for food fortification mandated by the government organizations, surging health consciousness among consumers and changing tastes and preferences of consumers will further induce growth in the market value.
However, ever-rising competition from food alternatives will pose a major challenge to the growth of the market. Fluctuations in the prices of raw materials and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. Consumer scepticism associated with the adoption of various nutraceutical ingredients, high costs associated with these products and rise in the cost of research and development activities will also hamper the market growth rate.
This nutraceutical ingredients market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on nutraceutical ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Nutraceutical Ingredients Market Scope and Market Size
The nutraceutical ingredients market is segmented on the basis of type, form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on type, the nutraceutical ingredients market has been segmented into prebiotics, amino acids and proteins, omega-3 fatty acids, vitamins, minerals, carotenoids, plant Extracts and phytochemical, specialty carbohydrates and fibers. Others are further segmented into chondroitin, glucosamine, and polyols.
- Based on form the nutraceutical ingredients market has been segmented into liquid and powder.
- Based on application, the nutraceutical ingredients market has been segmented as food, beverages, animal nutrition, dietary supplements and personal care.
Nutraceutical Ingredients Market Country Level Analysis
The nutraceutical ingredients market is analyses and market size, volume information is provided by country, type, form and application as referenced above.
The countries covered in the nutraceutical ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the nutraceutical ingredients market and will continue to flourish its trend of dominance during the forecast period owing to the high prevalence of chronic and non-chronic diseases, increase in the market developments and increase in the research and development initiatives taken by major companies. Asia-Pacific is set to register the a high growth rate during the forecast period and score the highest CAGR owing to the growing number of leading market players in the region, rising westernization, changing lifestyle, and increasing personal disposable income.
The country section of the nutraceutical ingredients market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Nutraceutical Ingredients Market Share Analysis
The nutraceutical ingredients market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to nutraceutical ingredients market.
Some of the major players operating in the nutraceutical ingredients market are Ajinomoto Co., Inc., Cargill, Incorporated, ADM, BASF SE, Associated British Foods Plc, Ingreidon., DSM, Arla Foods amba, Tate & Lyle, Fonterra Co-operative Group Limited, FrieslandCampina, Dow., DuPont, Kerry Group., Chr. Hansen A/S, Novozymes, Roquette Frères, Danisco A/S, Givaudan and Merck KGaA among others.
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