The desire for better nutrition, management of various health conditions such as diabetes, obesity, and skin care, and concerns regarding health among the general population are putting the spotlight on nutraceutical ingredients. Subsequently, interest in nutraceutical ingredients among food, pharma, personal care, and animal feed manufacturers and health & wellness trend among consumers is intensifying, thereby fueling the growth of the global nutraceutical ingredients market. — Meticulous Research® in its latest publication on Nutraceutical Ingredients Market states that the global nutraceutical ingredients market will increase at a CAGR of 7.8% from 2019 to 2025 to reach $57.5 billion by 2025.
The high growth of nutraceutical ingredients market is mainly attributed to growing health concerns among consumers, which results in high demand for fortified foods; increasing incidence of non-communicable chronic diseases and other health issues; and rising use of nutraceutical ingredients in food and beverage and animal nutrition application. In addition, growing research and development of new nutraceutical product in food and beverage industry and establishment of new food and beverage manufacturing units and mega food parks provides ample of opportunities to the market vendors.
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To provide efficient analysis, Meticulous Research® has segmented this market on the basis of product type (vitamins, proteins and amino acids, probiotic, minerals, omega-3 fatty acids, fibers and specialty carbohydrates, prebiotic, phytochemicals and plant extract, others), derivation method (natural and synthetic), form (dry and liquid), application (dietary Supplements, functional Nutrients, infant and maternal nutrition, medical nutrition, animal nutrition), end use industries (food and beverage industry, pharmaceutical, animal feed, and personal care) and geography (North America, Europe, Asia-Pacific, Rest of the World).
Wherein, geographically, Asia Pacific region is expected to witness high growth during the forecast period. The growth in this market is driven by increasing prevalence of chronic diseases, increasing government spending on the healthcare, and growing disposable income of the population. In addition, factors such as changing lifestyle and eating habits; growing consumer demand for nutritional & health promoting products; and large demand for food, beverages, dietary supplements, functional food, and personal care products.
In case of product type, the vitamins segment is expected to account for the largest market share of overall nutraceutical ingredients market in 2019. The large market share of this segment is mainly attributed to its high demand from nutritional and fortified food sector and increasing consumer awareness about micronutrient deficiencies. Moreover, in case of application, infant and maternal nutrition segment is projected to grow with the highest rate during the forecast period, owing to increase in number of working women population and rise in infant population. Nutraceutical ingredients are used to manufacture many infant foods, such as baby food (cerelac, daliya, porridge, snacks), infant formula, organic fruit purees, and health drinks.
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Scope of the Report:
Nutraceutical Ingredients Market, by Product Type
Proteins and Amino Acids
Omega-3 Fatty Acids
Fibers & Specialty Carbohydrates
Phytochemical & Plant Extracts
Nutraceutical Ingredients Market, by Derivation Method
Nutraceutical Ingredients Market, by Form
Nutraceutical Ingredients Market, by Application
Infant & Maternal Nutrition
Nutraceutical Ingredients Market, by End Use Industry
Food and beverage industry
Nutraceutical Ingredients Market, by Geography
Rest of APAC (RoAPAC)
Rest of Europe (RoE)
Rest of the WorldLatin America
Middle East & Africa
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The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Associated British Foods plc (London), Arla Foods (Denmark), Koninklijke DSM N.V., (The Netherlands), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Ajinomoto CO. INC. (Japan), Chr. Hansen Holding A/S (Denmark), Glanbia PLC (Ireland), Fonterra Co-operative Group Limited (New Zealand), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), DuPont de Nemours, Inc. (U.S.), BASF SE (Germany),and Kerry Inc. (Ireland).
Key questions answered in the report-
Which are the high growth market segments in terms of product type, derivation method, form, application, end use industries, and region/countries?
What was the historical market for nutraceutical ingredients across the globe?
What are the market forecasts and estimates for the period 2019-2025?
What are the major drivers, restraints, opportunities, and trendsin the global nutraceutical ingredients market?
Which are the major companies in the global nutraceutical ingredients market?
How is the competitive landscape and who are the market leaders in the global nutraceutical ingredients market?
What are the recent developments in the global nutraceutical ingredients market?
What are the different strategies adopted by the major players in the global nutraceutical ingredients market?
What are the geographical trends and high growth regions/ countries?
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