According to the current analysis of Reports and Data, the global Nutraceutical Ingredients Market was valued at USD 164.3 billion in 2019 and is expected to reach USD 266.9 billion by the year 2027, at a CAGR of 6.8%. Nutraceutical ingredients are derived from sources such as animal, plant, microbial, and synthetic, which provide health benefits, adding the primary nutritional value and functional benefits to various applications such as food, beverages, dietary supplements, animal nutrition, and personal care products. The industry comprises two principal segments: functional foods and nutritional supplements.
The growth of the industry is attributed
to the growing consumer demand for fortified food & beverages, the
increasing number of incidences of chronic diseases, and mandates on food
fortification by government organizations due to inadequate levels of vitamins
and minerals in the human body. The growth of the market is restricted due to
higher costs of fortified products and different regulatory frameworks in
different countries for nutraceutical ingredients; however, the high raw
material production cost for nutraceuticals product may limit the consumers to
avail its features. Consumers are likely to have better options to switch for
low-cost alternative proteins. Limited quality nutraceutical manufacturing has
increased the need to fill demand and supply gap. Also, the product supply
through the lab-to-market pipeline is generally time-consuming. Increased
competition in the market, lack of awareness, and advertisement about product
benefits may prove to be hindrances to the market growth.
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Competitive
Landscape:
The research report offers details about
leading companies in the global Nutraceutical Ingredients market along with
global position, financial standing, license agreement, products and services
portfolio and revenue contribution of each market player. Key players in the
market are focusing on adopting various strategies such as mergers and
acquisition, business expansion plans, new product launches, partnerships,
collaborations, joint ventures to enhance their product base and gain robust
footing in the market.
Some
of the Leading Market Players Are Listed Below:
· Cargill
(US),
· BASF
(Germany),
· ADM
(US),
· Omega
Protein Corporation (US),
· DSM
(Netherlands),
· Ingredion
(US),
· Arla
Foods (Denmark),
· Tate
& Lyle (UK),
· Ajinomoto
(Japan),
· DowDuPont
(US)
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https://www.reportsanddata.com/report-detail/nutraceutical-ingredients-market
Nutraceutical
Ingredients Market Segmentation based on Types:
- Probiotics
- Proteins & Amino Acids
- Phytochemicals & Plant Extracts
- Fibers & Specialty Carbohydrates
- Omega 3 fatty acids
- Vitamins
- Prebiotic
- Carotenoids
- Minerals
- Others
Nutraceutical
Ingredients Market Segmentation based on Application:
- Food
- Snacks
- Confectionary
- Dairy
- Bakery
- Meat and meat products
- Baby food
- Others
- Beverages
- Energy drinks
- Juices
- Health drinks
- Personal care
- Animal Nutrition
- Dietary Supplements
Nutraceutical
Ingredients Market Segmentation based on Regions:
·
North America (U.S.,
Canada, Mexico)
·
Europe (Germany, U.K.,
France, Italy, Spain, Benelux, Rest of Europe)
·
Asia Pacific (China,
India, Japan, South Korea, Rest of Asia Pacific)
·
Latin America (Brazil,
Rest of Latin America)
·
Middle East & Africa
(Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)
Key
Features of the global Nutraceutical Ingredients Market:
·
The report offers
detailed estimations at the regional level with manufacturers, consumption,
sales and import/export dynamics.
·
The report provides
accurate details related of the manufacturers/vendors in the market, company
overview, pricing analysis, financial standing, product portfolio, and gross
profit of leading companies.
·
Company profiling with
prevalent expansion strategies, revenue generation, and recent developments.
·
Optimum strategic
initiatives for new players in the market.
·
Manufacturing processes,
suppliers, cost, rates of production and consumption, transport mode and cost
structuring, and value chain analysis.
·
The study also includes
supply chain trends, including elaborate descriptions of the latest
technological development
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