Nutraceutical Ingredients Market Research Report

 

Nutraceutical Ingredients Market

Nutraceutical Ingredients Market is poised to expand at a robust CAGR of 7.4% over the forecast period reaching a value of USD 282 billion by 2028. Nutraceutical ingredients are derived from plants, microbial, and animals and provide additional nutritional benefits to food products. Nutraceutical ingredients do not have any artificial color and flavor; thus, they are regarded as a healthy substitute for traditional products.

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The growing prominence of homeopathic treatments and preventive medicines has bolstered the demand for natural nutraceutical ingredients such as garlic and cranberry. Nutraceuticals help prevent chronic diseases, improve the structure, and body functioning, delay the aging process, and treat mental disorders. The growing demand for functional food such as dairy products, vegetables, and fruits with vitamins, nuts, herbals, and antioxidants will offer lucrative opportunities to the market. With a surge in health-conscious individuals, the demand for nutrient-rich food has increased, thereby surging the market growth. However, nutraceuticals are more expensive than other supplements and can have some side effects which might hamper the Nutraceutical Ingredients Market growth.

By ingredient type, the probiotic segment will expand at a faster CAGR over the forecast period, owing to the drift towards exclusive food integrated with probiotics. In addition, probiotics help to prevent and treat urinary tract infections, diarrhea, skin diseases, oral infection, mental health condition, and digestive disorders, which further supports the Nutraceutical Ingredients Market Size.

By application, the cosmetic segment is anticipated to hold a larger share during the coming years, owing to the accelerating aging population. As per the Nutraceutical Ingredients Market Forecast growing demand for natural ingredients in cosmetic and beauty products to enhance the appearance and feel young will strengthen the market size.

Key Developments:

In 2020, Chr. Hansen Holding A/S procured HSO Health Care GmbH. The acquisition of the Austria-based B2B Company, producing probiotics for women's health, will expand Chr. Hansen's global microbial platform.

Nutraceutical Ingredients Market Segmentation:

Nutraceutical Ingredients Market by Ingredient Type
  • Prebiotic
  • Probiotic
  • Vitamins
  • Minerals
  • Protein
  • OMEGA 3 Structured Lipids
  • Phytochemicals & Plant Extracts
  • Fibers and specialty Carbohydrates
Nutraceutical Ingredients Market by Application
  • Functional Foods
  • Functional Beverages
  • Dietary Supplements
  • Animal Nutrition
  • Cosmetics
  • Baby Products
  • Others
Nutraceutical Ingredients Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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