The global nutraceutical ingredients market accounted for a value of 149.0 USD billion in 2019. The global nutraceutical ingredients market projected to grow at a CAGR of 6.9% during the forecast period.
COVID-19 has affected all the businesses over the globe. Due corona virus outbreak people are adopting healthy lifestyle and consuming highly nutritional food in order to improve their health. This pandemic has led to increase in growth of global nutraceutical ingredients market during the forecast period.
For more details, visit: Global Nutraceutical Ingredients Market By Type (Phytochemical & Plant Extracts, Fibers & Specialty Carbohydrates, others), By Form (Liquid, Dry), By Application (Food, Beverages, Others), By Region–Forecast & Opportunities to 2026
The demand for fortified food is growing immensely as people are becoming health consciousness and moving towards healthy lifestyle and they prefer food with the nutritional ingredients beyond their basic nutrition. This factor is likely to drive growth in nutraceutical ingredients market during the forecast period.
On the basis on type, the nutraceutical ingredients market is segmented into probiotic, amino acids & protein, omega 3 fatty acids, phytochemical & plant extracts, fibers & specialty carbohydrates, vitamins, prebiotics, mineral, carotenoids and others. The probiotic segment is projected to register growth at highest CAGR during the forecast period. Probiotic ingredients has positive effect on human health and has become an important ingredients for various nutritional and health applications. Thus, drives growth in probiotic in nutraceutical ingredients market during forecast period.
On the basis of form, the nutraceutical ingredients market segmented into liquid and dry. The dry segment is projected to account for maximum share and register growth at highest CAGR during the forecast period. There are many number of nutraceutical ingredients used in the dry form such as vitsmins, probiotic premixes, prebiotic and amino acids etc. Thus, it is more preferred in dry form in nutraceutical ingredients.
Based on application, the nutraceutical ingredients market is segmented into food, beverages, animal nutrition, personal care and dietary supplement. The dietary supplement segment is expected to register growth at highst CAGR during the forecast period. They offer general health benefits such as improvement of intestinal functions and improvement in balance of the gut microflora. They offer increased calcium absorption, improvement in bone and reduction in release of toxins. Thus, drives growth in dry segment in nutraceutical ingredients market.
Asia-Pacific region in nutraceutical ingredients market accounted for maximum market share of XX% and it is projected to register growth at highest CAGR during the forecast period. the lifestyles of people in this region is increasing and the disposable income of people in also increasing in this region. The people are adopting nutraceutical ingredients and fortified foods for healthy living. Thus drives growth in this region in nutraceutical ingredients market during forecast period.
The key market players in nutraceutical ingredients market are Associated British Food, DSM, Arla Foods, Ingredion Incorporated, Tate & Lyle PLC., Ajinomoto Co., GlaxoSmithkline, BASF, Kraft Heinz Company, Amway, Abbott, Danone, Kellogg’s Cargill Inc., Archer and Nestle.
- What are the expected industry trends over the next three to five years?
- Which of the nutraceutical ingredients type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
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- What are different organic and inorganic strategies implemented by companies to gain increased market share?