Nutraceutical Ingredients Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[206+ Pages Report] The latest finding surrounding the “Global Nutraceutical Ingredients Market” published by Facts & Factors offers a neatly packaged and comprehensive read. We at Facts & Factors estimate that the market surrounding nutraceutical ingredients will reach a projected value of USD 287.1 Billion by 2026 growing at a CAGR of 7.5% from an initial value of USD 162.4 Billion in the year 2020.

Market Overview

Nutraceutical ingredients are the collective family that is often referred to as the fortified food or food sources that are used as a supplementary form to our intake. These ingredients often have the added benefit of additional health advantages and are available in the form of medical foods, functional foods, and designer foods. Nutraceutical ingredients often contain vitamins and the latest generation of the latter further contains plant-based sterols, polyphenols, probiotics, and fatty acids.

Industry Growth Factors

The global nutraceutical ingredients market is expected to reach a significant high in terms of its current consumer base owing to the rising demand for fortified foods coupled with increasing demand for health-conscious related populations to name a few. Additionally, the increasing prevalence of chronic diseases coupled with rising government-based regulatory measures is expected to increase the footprint of the global nutraceutical ingredients market during the forecast period. Moreover, the integration of primary nutritional values and added functional benefits is expected to increase the consumer base for the global nutraceutical ingredients market during the forecast period.

The global nutraceutical ingredients market is expected to be driven by factors such as the changing lifestyle of the targeted consumers coupled with the rising presence of non-communicable diseases to name a few. Factors pertaining to rising product formats in terms of sports drinks and energy bars are further expected to boost the growth of the global nutraceutical ingredients market during the forecast duration. However, the higher cost of fortified food products coupled with less large-scale usage due to low awareness among consumers is expected to hamper the global nutraceutical ingredients market during the forecast period.

Segmentation Analysis

The global nutraceutical ingredients market is segmented into type, application, form, and region.

On the basis of type, the global nutraceutical ingredients market is divided into probiotics, proteins & amino acids, fibers &specialtycarbohydrates, omega 3 fatty acids, vitamins, prebiotic, carotenoids, minerals, and others. The segment pertaining to probiotics is expected to witness the largest market share during the advent of the forecast owing to rising positive effects on the overall human health coupled with the integration of the latter in functional food, functional beverage, dietary supplement, and animal nutritional based foods to name a few.

Based on application, the global nutraceutical ingredients market can be broken down into food, beverages, personal care, animal nutrition, and others. The segment pertaining to dietary supplements is expected to witness the largest market share during the advent of the forecast owing to rising dietary benefits such as balancing the gut microflora, improvement of intestinal functions, rising calcium absorption, and reduction of toxins from the human anatomy, to name a few.

On the basis of form, the global nutraceutical ingredients market is fragmented into dry & liquid. The dry category is expected to occupy the largest market share during the advent of the forecast owing to the easy availability of the majority of nutraceutical ingredients in this form coupled with increased production means from the prominent market players to name a few.

Report Scope

Regional Analysis

Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to the presence of high demand from budding economies such as India and China coupled with changing lifestyles of the consumer base to name a few. Additionally, the rising awareness among the consumers in terms of upscaling nutrition in their daily intake coupled with the rising hospitalization costs is expected to increase the footprint of the nutraceutical ingredients market during the forecast period. Increased consumers opting for an extremely health-conscious mindset coupled with rising spending measures opting for the same is expected to boost the growth of the nutraceutical ingredients market during the forecast period.

Competitive Players

The key market participants for the global nutraceutical ingredients market are:

• Associated British Foods
• Arla Foods
• DSM
• Ingredion Incorporated
• Tate & Lyle PLC
• Ajinomoto Co Inc.
• Cargill Incorporated
• E.I. Du Pont De Nemours and Company
• BASF SE
• Archers Daniels Midland Company
• Kerry Inc.

By Type Segment Analysis

• Probiotic
• Proteins & Amino Acids
• Fibers & Specialty Carbohydrates
• Omega 3 Fatty Acids
• Vitamins
• Prebiotic
• Carotenoids
• Minerals
• Others

By Application Segment Analysis

• Food
• Beverages
• Personal Care
• Animal Nutrition
• Others

By Form Segment Analysis

• Dry
• Liquid