Nutraceutical Ingredients Market Insights
The global nutraceutical ingredients market is expected to grow at a significant CAGR of 5.9% over the forecast period. This growth is mainly attributed to rising demand for dietary supplements, functional foods and nutritional food & beverages among others.
Moreover, increasing incidence of diseases such as obesity, diabetes, blood pressure and cholesterol among others is anticipated to drive the demand over the next few years. The growing consumer awareness towards health & well-being is likely to boost the overall market growth. However, the high price of raw material coupled with high cost associated with investment in R&D is likely to affect the profitability of market over the next few years.
Nutraceutical Ingredients Market: Product Insights
On the basis of product, the global nutraceutical ingredients market is segmented into fibers & specialty carbohydrates, phytochemicals & plant extracts, prebiotics, probiotics, omega-3 fatty acids, minerals, vitamins, protein & amino acids, and carotenoids among others. The market for phytochemical & plant extracts is expected to occupy the highest share on account of growing adoption of herbal & natural products among the consumers.
Nutraceutical Ingredients Market: Form Insights
By form, the industry is segmented into dry and liquid form. The dry form segment is anticipated to register a significant growth rate over the forecast period as they are easy to handle, transport and store.
Nutraceutical Ingredients Market: Health Benefit Insights
On the basis of product, the industry is segmented into Gut, Heart, Bone, Immunity, Nutrition and Weight Management. The nutrition segment is projected to grow significantly on account of the rising urban population with an inclination towards healthy and nutritional food & beverages.
Nutraceutical Ingredients Market: Application Insights
The global nutraceutical ingredients market is divided into dietary supplements, functional foods, functional beverages, animal nutrition, and personal care. The dietary supplement segment is anticipated to dominate the market over the forecast period owing to increasing demand for nutritional food & beverages such as protein shakes, herbal juices and probiotic premixes.
The functional beverages segment is anticipated to occupy the highest share over the years due to the rising consumption of energy drinks by urban population.
Nutraceutical Ingredients Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Nutraceutical Ingredients Market: Regional Insights
Asia Pacific occupied the largest share of this market since the past few years. This can be attributed to increasing demand for nutritional food & beverages by the growing urban population. Demand is expected to rise from countries such as Japan, China, South Korea and India.
North America is also expected to emerge as a key revenue generating region. This can be associated with the growing geriatric population coupled with increasing healthcare expenditures across the region.
Nutraceutical Ingredients Market: Market Share & Competitor Analysis
The global market for this product is expected to be significantly large due to the presence of numerous manufacturers. The key players include Archer Daniels Midland Company (U.S), Danone (France), Cargill (U.S.), BASF SE (Germany), Nestle S A (Switzerland), Associated British Foods plc (U.K) and E. I. du Pont de Nemours and Company (The U.S.).
In November 2017, SOHM, Inc. announced launching a unique protein supplement “I-Prole” in the American market.
In November 2017, CK Nutraceuticals announced to collaborate with BrandHive, a leading healthy lifestyle branding agency.