Nutraceutical Ingredients Market: Global Product Intelligence, Industry Analysis, Size, Share, Growth, Trends and Forecast – 2024
Our latest research report entitled Nutraceutical Ingredients Market (by type (probiotics, proteins, amino acid, vitamins, minerals, carotenoids), application (functional, animal nutrition), form (dry, liquid, semi-solid), health benefit (gut, bone, immunity, nutrition, weight management)) provides complete and deep insights into the market dynamics and growth of nutraceutical ingredients. Latest information on market risks, industry chain structure nutraceutical ingredients cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential nutraceutical ingredients growth factors.
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Nutraceutical Ingredients Market: Insights
The global nutraceutical ingredients market is projected to grow with a CAGR of 7.0% during 2018-2024. Increasing chronic diseases due to the fast-phased lifestyle of consumer results in rising awareness in a healthy diet are the prime factor driving the growth of the global nutraceutical ingredients market. Furthermore, rising use of nutraceutical ingredients in pharmaceutical drugs due to its properties such as anti-aging, proper body functioning and health improvement will drive the nutraceutical ingredient market globally.
Moreover, increasing use of nutraceutical ingredients in food and beverages application and dietary supplement is anticipated to further drive the global nutraceutical ingredients market over the forecast period. However, the high price of nutraceutical ingredients and improper balance in demand and supply, as well as undefined regulatory guidelines, are the key factors restraining the growth of global nutraceutical ingredients market over the forecast period. Hence, increasing the use of nutraceutical ingredient in animal nutrition and increasing demand for these ingredients from the cosmetics application will bring more opportunities to the global nutraceutical ingredients market over the forecast period.
Nutraceutical Ingredients Market: Segmentation
The report segments the nutraceutical Ingredients market by type, by application, by form, by health benefit and by region. Market segmentation based on type includes prebiotics, probiotics, proteins & amino acid, vitamins, minerals, omega – 3 fatty acids, carotenoids & antioxidants, fibers & specialty carbohydrates and others. Moreover, the global nutraceutical ingredients market based on application is segmented into dietary supplements, functional food & beverages, animal nutrition, and personal care. Furthermore, the nutraceutical ingredients market based on the form is segmented into dry, liquid and semi-solid. Global nutraceutical ingredients market segmentation based on health benefits includes gut health, bone health, immunity, nutrition, weight management, and others.
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Nutraceutical Ingredients Market: Regional Analysis
The Asia Pacific accounted for the largest share of the market both in terms of volume and revenue due to the presence of emerging economies such as India, China as they are the prime users of nutraceutical ingredients. Furthermore, the Asia Pacific nutraceutical ingredients market is driven by the growing incidence of chronic diseases and rising consumer awareness as well as a rapidly aging population in economies such as Japan and China. North America accounted as the second largest market for nutraceutical ingredients followed by the Asia Pacific. The U.S. is anticipated to be the prominent market in this region due to increasing awareness regarding healthy diet and increasing intake of dietary supplements which will, in turn, result in driving the North America nutraceutical ingredients market.
Moreover, Europe nutraceutical ingredients market is also expected to witness moderate growth over the forecast period due to the rising demand for nutraceutical ingredients from the applications such as animal nutrition and pharmaceutical industry. Nevertheless, Latin America grouped in the RoW nutraceutical market is likely to witness rapid growth due to the rising demand for nutraceutical ingredients from personal care and functional food & beverages application over the forecast period.
Nutraceutical Ingredients Market: Competitive Landscape
The companies covered in the report include E.I. du Pont de Nemours & Company, Cargill Inc., DSM Nutritional Products, BASF SE, Archer Daniels Midland Company, Aland (Jiangsu) Nutraceutical Company Ltd., Ajinomoto Inc., NutraMarks Inc., Danone, Nestle S.A., PepsiCo Inc., Adisseo France S.A.S, Kyowa Hakko Bio Co. Ltd., and Tate and Lyle North America Inc.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the nutraceutical ingredients.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.