Global Nutritional Ingredients Market - 2023-2030

Market Overview

The Global Nutritional Ingredients Market reached US$ 182.5 billion in 2022 and is expected to reach US$ 325.4 billion by 2030 and is expected to grow with a CAGR of 7.5% during the forecast period 2023-2030. One prominent trend in the nutritional ingredients market is the growing demand for plant-based ingredients, driven by the increasing popularity of vegetarian and vegan diets. For instance, pea protein has gained significant traction as a plant-based protein alternative.

The nutritional ingredients market is a thriving sector within the food and beverage industry, driven by the increasing focus on health and wellness. It encompasses a wide range of ingredients, including proteins, vitamins, minerals, and more. With the growing demand for dietary supplements and functional foods, the market is expected to experience steady growth.

One major driver in the nutritional ingredients market is the increasing consumer awareness and demand for natural and clean-label products. For instance, the demand for natural sweeteners like stevia has surged due to their plant-based origin and lower calorie content compared to traditional sugar.

Market Dynamics

Health Consciousness Fuels Surge in Demand for Nutritional Ingredients, Driving Market Growth

Consumers' growing focus on health and wellness is a significant driver in the nutritional ingredients market. An increasing number of individuals are proactively seeking out healthier options and incorporating nutritional ingredients into their diets. According to surveys, approximately 70% of consumers consider the health benefits of food and beverages before making purchasing decisions. This driver is supported by the rising prevalence of lifestyle-related diseases and the desire for preventive healthcare.

Around 40% of the global population is overweight or obese, leading to heightened demand for weight management products and ingredients. Additionally, an estimated 30% of the global population suffers from micronutrient deficiencies, driving the need for fortified foods and supplements. With this trend, there has been a surge in demand for ingredients such as plant-based proteins, omega-3 fatty acids, and antioxidants.

Personalized Nutrition Drives Innovation and Growth in the Nutritional Ingredients Market

The demand for personalized nutrition is emerging as a strong driver in the nutritional ingredients market. Consumers are increasingly seeking tailored dietary solutions to meet their unique nutritional needs. This trend is supported by advancements in technology, including genetic testing and personalized health monitoring devices. Approximately 60% of consumers express interest in personalized nutrition, believing that individualized diets can enhance overall health and address specific concerns.

Another area of personalized nutrition gaining traction is sports nutrition. Athletes and fitness enthusiasts are seeking ingredients like branched-chain amino acids (BCAAs) and creatine, which aid in muscle recovery and performance. The sports nutrition segment is estimated to grow by 8% annually. The demand for personalized nutrition has also led to the rise of digital platforms and apps that provide personalized meal plans and nutritional guidance. This sector has witnessed an increase in market size by approximately 20% in recent years.

Supply Chain Disruptions Pose Challenges to the Nutritional Ingredients Market

Supply chain disruptions are challenging the nutritional ingredients market. Limited ingredient availability, logistics issues, and trade restrictions hinder the industry's growth. These constraints lead to shortages, increased production costs, and obstacles in meeting consumer demand. Collaborative efforts are necessary to address these challenges and find innovative solutions.

Diversification and improved coordination within the supply chain can help mitigate the impact of disruptions. Overcoming these constraints is crucial for supporting consumer health and well-being. The industry must adapt and innovate to ensure a stable supply of nutritional ingredients. Mitigating supply chain disruptions is essential for sustaining the growth and success of the nutritional ingredients market.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global nutritional ingredients market has been segmented by source into animal, plant, synthetic, and microbial.

Animal-Based Nutritional Ingredients Maintain Strong Presence Amidst Growing Popularity of Plant-Based Alternatives

According to the nutritional ingredients market analysis, the global Nutritional Ingredients market has been segmented by source into animal, plant, synthetic, and microbial.

The animal segment in the global nutritional ingredients market comprises ingredients derived from animal sources. Despite the rising popularity of plant-based alternatives, animal-based nutritional ingredients, including whey protein, collagen peptides, and fish oils rich in omega-3 fatty acids, maintain a significant presence. These ingredients offer high bioavailability and complete amino acid profiles, making them valued for their nutritional properties.

The demand for animal-based proteins remains stable, particularly in applications such as sports nutrition and infant formula. Although the market share of animal-based ingredients may have slightly decreased with the emergence of plant-based alternatives, they continue to hold a substantial portion.

Animal-based nutritional ingredients play a vital role in the formulation of dietary supplements, functional foods, and beverages, contributing to the overall nutritional ingredients market size. Ongoing trends, such as sustainability and ethical considerations, may influence the future dynamics of animal-based nutritional ingredients.

Geographical Analysis

Asia Pacific Nutritional Ingredients Market Driven by Shift towards Plant-Based Ingredients and Rising Health Consciousness

By region, the global nutritional ingredients market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.

The Asia Pacific nutritional ingredients market is witnessing significant growth, driven by various factors including changing dietary patterns, rising health consciousness, and increasing disposable incomes. The market is experiencing a shift towards plant-based ingredients, with a growing trend towards vegetarian and vegan diets. This is supported by the rising demand for plant-based proteins, vitamins, and minerals.

The region holds a substantial market share in the global nutritional ingredients market, driven by the large population and increasing consumer awareness. The market size for nutritional ingredients in the Asia Pacific region is expected to expand further as more consumers prioritize their health and well-being. Ongoing trends include the demand for clean-label products, functional ingredients, and the incorporation of traditional Asian ingredients in nutritional formulations.

Competitive Landscape

The major global players in the market include: Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, DuPont Nutrition & Biosciences, Ingredion Incorporated, Royal DSM N.V., Kerry Group plc, Chr. Hansen Holding A/S, Tate & Lyle PLC, and Lonza Group Ltd.

Why Purchase the Report?

• To visualize the global Nutritional Ingredients market segmentation based on source, type, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of nutritional ingredients market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global nutritional ingredients market report would provide approximately 61 tables, 63 figures and 190 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies