The Global Nutraceutical Ingredients market accounted for $49.5 billion in 2020 and is expected to reach $70.1 billion by 2027 growing at a CAGR of 8.4% during the forecast period. Growing dispersion of unceasing diseases and rising concern regarding longer life span are the key factors fueling market growth.
Nutraceutical ingredient is a combination of the term’s “nutrition” and “pharmaceutical” ingredients. It is often used interchangeably with functional foods. They are food ingredients which contain properties that add health-improving value to food over and above its usual nutritional value. These ingredients can be a portion of food, or food on the whole, having a health or medical benefit, which aid in the prevention, diagnosis, and treatment of several chronic diseases like obesity, cancer, high blood pressure, and diabetes. Increase in chronic diseases due to fast paced lifestyles of consumers globally, rise in the number of non-communicable diseases and demand for longer life span, thereby increasing preference for nutritional diets are key factors expected to fuel growth for the global nutraceutical ingredients market. Other factors affecting the growth of this market are wide applications of nutraceutical ingredients such as functional food & beverage, animal nutrition, and personal care products; increasing demand for preventive healthcare; growth in the aging population and high preference for natural ingredients. Rising adoption of nutraceutical ingredients in the pharmaceutical drugs due to its effective properties such as anti-aging is also another factor driving growth of global nutraceutical ingredients market during the forecast period.
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The Top Key Players include: Nestle, Tate & Lyle PLC, Omega Protein Corporation, Archer Daniels Midland Company, BASF SE, ABF Ingredients, Glanbia plc, KYOWA HAKKO U.S.A., INC., Ajinomoto, DuPont de Nemours, Inc., and others
Global Nutraceutical Ingredient Market Key Segments:
On the Basis of Type: probiotic, proteins and amino acids, phytochemical & plant extracts, fibres & specialty carbohydrates, omega 3 fatty acids, vitamins, prebiotics, carotenoids, minerals and others
On the Basis of Application: Food, Beverages, Personal care, Animal nutrition, Dietary supplements
On the Basis of Region:
- North America
- Latin America
- Middle East and Africa (MEA)
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The Nutraceutical Ingredient market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Nutraceutical Ingredient in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Nutraceutical Ingredient Market
Chapter 5. Global Nutraceutical Ingredient Market Overview, By Application, 2015 – 2027(USD Million)
Chapter 6. Global Nutraceutical Ingredient Market Overview, By Distribution Channel, 2015 – 2027(USD Million)
Chapter 7. Global Nutraceutical Ingredient Market Overview, By Geography, 2015 – 2027(USD Million)
Chapter 8. North America Nutraceutical Ingredient Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 9. Europe Nutraceutical Ingredient Market Overview, By Countries, 2015 – 2027(USD Million)
Chapter 10. Asia Pacific Nutraceutical Ingredient Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 11. Middle East & Africa Nutraceutical Ingredient Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 12. South America Nutraceutical Ingredient Market Overview, By Countries, 2015 – 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Nutraceutical Ingredient Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market
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