Nutraceutical Ingredients Market size was valued at USD 164.2 billion in 2022 and is projected to reach USD 234.1 billion by 2030, growing at a CAGR of 6% from 2023 to 2030.
The market is being driven by the increasing demand for nutraceuticals, such as probiotics, prebiotics, and vitamins, for maintaining good health and preventing diseases. The rising prevalence of chronic diseases, such as obesity, diabetes, and heart disease, is also driving the growth of the market.
The key players in the Nutraceutical Ingredients Market include
ADM, BASF, Cargill, DSM, Tate & Lyle, Ajinomoto, FMC, Ingredion, Lonza, Evonik, Balchem Corporation, Blue California, Kemin Industries, Nutraceutix, Valensa, Kyowa Hakko, Riken Vitamin, Yakult Honsha, and Nestle.
These companies are investing in research and development to develop new and innovative nutraceutical ingredients.
Here are some specific highlights from the report
|Market Size in 2022||USD 164.2 billion|
|Projected Market Size in 2030||USD 234.1 billion|
|CAGR Growth Rate||CAGR of 6%|
|Key Market Players||ADM, BASF, Cargill, DSM, Tate & Lyle, Ajinomoto, FMC, Ingredion, Lonza, Evonik, Balchem Corporation, Blue California, Kemin Industries, Nutraceutix, Valensa, Kyowa Hakko, Riken Vitamin, Yakult Honsha, and Nestle.|
|Key Segment||By Application, By Type, and By Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa|
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Market Dynamics and Factors for Nutraceutical Ingredients Market:
- Increasing awareness of the importance of health and wellness
- Rising prevalence of chronic diseases
- Growing demand for functional foods and beverages
- Increasing disposable incomes
- Growing consumer preference for natural and organic products
- Technological advancements in the nutraceutical industry
- Government regulations and initiatives promoting the use of nutraceuticals
- Development of new and innovative nutraceutical ingredients
- Expansion into new markets
- Growth of the e-commerce sector
- Increasing demand for personalized nutraceuticals
- Growing popularity of nutraceuticals in the healthcare industry
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.
The market is segmented by type, application, and region.
By type, the market is segmented into
- amino acids,
- peptides and proteins,
- polyphenols and flavonoids,
- and probiotics.
The amino acids segment is expected to grow at the highest CAGR during the forecast period. This is due to the increasing demand for amino acids in functional foods and beverages, dietary supplements, and animal nutrition.
By application, the market is segmented into
- functional foods,
- functional beverages,
- dietary supplements,
- animal nutrition (for meat and milk),
- and cosmeceuticals.
The functional foods segment is expected to be the largest market during the forecast period. This is due to the increasing demand for functional foods that provide health benefits beyond basic nutrition.
The report summarizes all the information collected and serves the customers requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Regional Analysis of Nutraceutical Ingredients Market:
The market is segmented into North America, East Asia, Europe, South Asia, Southeast Asia, Middle East & Africa, Oceania, and South America. North America is expected to be the largest market during the forecast period. This is due to the high awareness about the benefits of nutraceuticals and the increasing demand for functional foods and beverages in the region.
Table of Contents for Nutraceutical Ingredients Market
- Report Overview
- Market Competition by Manufacturers
- Sales by Region
- North America
- East Asia
- South Asia
- Southeast Asia
- Middle East
- South America
- Rest of the World
- Sales Volume, Sales Revenue, Sales Price Trend by Type
- Consumption Analysis by Application
- Company Profiles and Key Figures in Nutraceutical Ingredients Business
- Nutraceutical Ingredients Manufacturing Cost Analysis
- Marketing Channel, Distributors, and Customers
- Market Dynamics
- Production and Supply Forecast
- Consumption and Demand Forecast
- Research Findings and Conclusion
- Methodology and Data Source
To Know more about this report (Description, TOC and List of Tables and Figures) – https://www.pragmamarketresearch.com/reports/25740/Global-Nutraceutical-Ingredients-Market-Research-Report-2022-Professional-Edition
This report is primarily focused on achieving…
- To provide a comprehensive overview of the industry
- To analyse the factors affecting the growth of the Nutraceutical Ingredients Market.
- To present past and future earnings of the market segments globally
- To conduct a regional-level examination of the market and its current size and prospects
- To study the market by product type and research methodologies
- To profile key players in the market and assess their strengths and competitive structure.
- To track the competitive advancements in the global Nutraceutical Ingredients Market.
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The nutraceutical ingredients market is a highly competitive market. The key players are competing on the basis of product innovation, marketing strategies, and pricing. The market is also witnessing the entry of new players, which is expected to intensify the competition in the coming years.
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