Nutraceutical Ingredients Market By Ingredients (Probiotics, Amino acids, Peptides, and Proteins, Minerals, Collagen, Fibers & Specialty Carbohydrates, Dairy-Based Ingredients, Soy-Based Ingredients, Prebiotics, Omega 3 and Structured Lipids, Vitamins, Carotenoids & Antioxidants, Phytochemical & Plant Extracts, Nutritional Lipids and Oils); By Form (Semi-solid, Tablets & Capsules, Powder, Liquid); By Health Benefits Offered (Brain & Memory Support, Gut Health, Heart Health, Nutrition, Optimal Wellness, Eye Health, Prenatal Health, etc); By Application (Functional Beverages, Functional Food, Personal care, Animal nutrition, Dietary supplements); By End Users (Animal Feed Industry, Food and Beverages Industry, Pharmaceutical Industry); By Regions (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Nutraceutical Ingredients Market Overview
The global nutraceutical ingredients market size was valued at around USD 164.5 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 7.6% from 2022 to 2032.The market size is projected to succeed in USD 330.4 billion by 2032.
Nutraceutical ingredients also known as medical foods, functional foods, or designer foods are substances derived from sources such as animal, plant, microbial, and synthetic that add health-improving value to food above their usual nutritional value due to the presence of active ingredients in them.
Found in diverse forms ranging from naturally occurring substances and chemical compounds to bioactive substances; they provide basic nutritional, enhance health, delay the aging process, prevent chronic diseases, increase longevity, provide gamut of physiological benefits; improve immunity and support body composition or function.
They are gluten-free and do not contain artificial colors and flavors, which makes them a healthy alternative to traditional products.
The global nutraceutical ingredients market is estimated to grow at a CAGR of around 7.6% from 2022 to 2032.
Nutraceutical Ingredients Market Drivers
The growth of this market is attributed towards major relying factors including; the growth in the demand for fortified food products owing to the increasing health consciousness amongst consumers, the increasing incidences of chronic diseases and long-term disorders worldwide, growing number of mandates on food fortification by government organizations due to inadequate levels of vitamins and minerals in the human body, the rising adoption of nutraceutical ingredients in the pharmaceutical drugs due to its effective properties such as anti-aging, the increase demand and application of nutraceutical ingredients across various industries, the increasing demand for preventive healthcare; the product-based and the technological innovations in the nutraceutical ingredients industry etc.
Additionally, clinical evidence supporting health benefits of nutraceuticals has tremendously risen in the previous years. This has led to a massive growth in the consumption of these products. Alongside, with the rising popularity of homeopathic remedies, preventive medicines, and self-treatment, the demand for natural nutraceutical ingredients such as cranberry, garlic, ginkgo biloba, and ginseng extracts; glucosamine; and chondroitin has also increased, thereby fueling the growth of the market considerably.
Moreover, these products are easy to carry and can be consumed anytime, thereby offering a suitable match for the demands of the people who are working and who often face difficulty in getting additional time for the intake of food. Adding to this, the ease of product availability through online retail platforms enhances the demand for nutraceutical products significantly, which, in turn, adds to the overall market growth also.
Furthermore, other factors such as growth in geriatric population globally, the high preference for natural ingredients, health consciousness among consumers, the increasing consumption of junk food, the rise in gastrointestinal disorders and obesity concern, rising disease outbreak in animals, rise in the number of non-communicable diseases and demand for longer life span, increase in research & development activity, the rising reliability of and awareness about nutraceutical products and the rapidly expanding customer base across the globe will further augment the market growth.
However, factors such as the high cost of raw materials, high investments in R&D activities, the consumer skepticism associated with the adoption of various nutraceutical ingredients, limited quality nutraceutical manufacturing, increased competition, lack of awareness and advertisement about product benefits and counterfeit products restrain the growth of this market.
Nutraceutical Ingredients Market Segmentation
By Ingredients
- Probiotics
- Amino acids, Peptides, and Proteins
- Minerals
- Collagen
- Fibers & Specialty Carbohydrates
- Dairy-Based Ingredients
- Soy-Based Ingredients
- Prebiotics
- Omega 3 and Structured Lipids
- Vitamins
- Carotenoids & Antioxidants
- Phytochemical & Plant Extracts
- Nutritional Lipids and Oils
- Other Ingredients
By Form:
- Semi-solid
- Tablets & Capsules
- Powder
- Liquid
By Health Benefits Offered:
- Brain & Memory Support
- Gut Health
- Heart Health
- Nutrition
- Optimal Wellness
- Eye Health
- Prenatal Health
- Skin & Body Fat Metabolism
- Digestive Health
- Personal Care and Beauty
- Mood & Hormonal Support
- Cognitive Health
- Immunity
- Weight Management
- Joint & Bone Health
- Postnatal Health
- Energy & Fitness Support
- Blood Sugar Health
- Other Health Benefits
By Application:
- Functional Beverages
- Functional Food
- Personal care
- Animal nutrition
- Dietary supplements
- Others
By End Users:
- Animal Feed Industry
- Food and Beverages Industry
- Pharmaceutical Industry
- Other End Users
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Nutraceutical Ingredients Market Regional Insight
The Asia Pacific region is the largest and the fastest growing regional market for nutraceutical ingredients. The region is projected to witness enormous growth in the next few years and as such is expected to continue its dominance in the upcoming years as well. The growth in this region is driven by factors such as the rising hospitalization cost which is increasing consumer demands for supplements and other nutrients such as vitamins and minerals, increase in the consumption of convenience food products, the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed, the increased number of geriatric populations preferring nutraceutical products over medicines. Also, the changing lifestyle patterns, increase in disposable incomes, increase in consumer awareness, growing incidences of chronic diseases and the presence of prominent pharmaceutical and functional food & beverage products manufacturers also contribute to the regional market growth. The major contributors in the region are India and China.
The North American region holds a significant share in the nutraceutical ingredients market and is anticipated to register robust growth in the forthcoming years owing to factors such as the growing demand for nutraceutical products owing to their anti-aging properties, the substantial investments in healthcare sector, the increasing product application in pharmaceutical drugs owing to its effective properties and the in increasing research & development activity regarding plant-derived products etc. The major contributor in the region is the U.S. This region is to be followed by the European region and subsequently the Middle East and African region in terms of market size and revenue.
Key Players In Nutraceutical Ingredients Market
- PepsiCo Inc.
- Ajinomoto Co. Inc.
- Chr. Hansen
- Kyowa Hakko Kirin Group
- General Mills Inc.
- Probi USA Inc.
- Kraft Heinz Company
- GlaxoSmithKline
- Amway
- Abbott
- Fonterra Co-operative Group Ltd.
- Du Pont De Nemours and Company
- BASF SE
- Archer Daniels Midland Company
- Associated British Foods PLC
- Royal DSM
- Arla Foods
- Ingredion Incorporated
- Tate & Lyle PLC
- Glanbia plc
- Groupe Danone
- FMC CORPORATION
- Cargill Inc.
- Dean Foods
- Nestle S.A.
- Kellogg’s,
- Aker Biomarine
- Procter & Gamble
- Johnson & Johnson
- Omega Protein Corporation
- Other Players
RECENT DEVELOPMENTS:
- In January 2021, Omni Active Health Technologies, which offers a wide range of premium, scientifically validated, natural nutraceutical ingredients announced that TA Associates, a leading global growth private equity firm acquired a significant stake in the Company.
- In January 2021, WACKER BIOSOLUTIONS, a global nutraceutical, and food ingredient supplier, announced that it will venture into the pet nutrition space by offering its bioactive ingredients for pet supplement formulations.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized Version
- Publication date: 14th October 2023
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
- Quick Contact -
- ISO Certified Logo -
Nutraceutical Ingredients Market
-: Our Clients :-
