Market Research Report
Nutraceutical Ingredients Market by Product Type, Derivation Method, Form, Application, End User, and Geography - Global Forecast to 2025
|Published by||Meticulous Market Research Pvt. Ltd.||Product code||915901|
|Published||Content info||250 Pages
Delivery time: 1-2 business days
|Nutraceutical Ingredients Market by Product Type, Derivation Method, Form, Application, End User, and Geography - Global Forecast to 2025|
|Published: November 6, 2019||Content info: 250 Pages||
Nutraceutical Ingredients Market by Product Type (Vitamins, Amino Acids, Probiotic, Minerals), Derivation Method (Natural, Synthetic), Form, Application (Dietary Supplements, Infant & Maternal Nutrition), End User, and Geography - Global Forecast to 2025
The global nutraceutical ingredients market is expected to grow at a CAGR of 7.8% from 2019 to reach $57.5 billion by 2025.
Succeeding an extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges. The high growth of nutraceutical ingredients market is mainly attributed to growing health concerns among consumers, which results in high demand for fortified foods; increasing incidence of non-communicable chronic diseases and other health issues; and rising use of nutraceutical ingredients in food and beverage and animal nutrition applications. In addition, growing research and development of new nutraceutical products in food and beverage industry and establishment of new food and beverage manufacturing units and mega food parks provides ample of opportunities to the market vendors.
Based on product type, the vitamins segment is expected to account for the largest share of the overall nutraceutical ingredients market in 2019. The large market share of this segment is mainly attributed to its high demand from nutritional and fortified food sector and increasing consumer awareness about micronutrient deficiencies. However, probiotic segment is projected to grow at the highest CAGR during the forecast period from 2019 to 2025. The high growth of this segment can be attributed to changing lifestyle and eating habits, increasing awareness about health benefits of probiotics beyond digestive health, and growing use of probiotics in animal feed for animal nutrition. In addition, increasing health issues like digestive disorders and diarrhea as well as growing old age population also drives the demand for probiotics.
On the basis of end use industries, food and beverage industry is estimated to account for the largest share of the overall nutraceutical ingredients market in 2019. The largest share of this segment is mainly due to the increasing application of nutraceutical ingredients in human nutrition and rising consumer demand for healthy, nutritional, and fortified food and beverages.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. Asia-Pacific region is estimated to command the largest share of the global nutraceutical ingredients market in 2019, followed by North America and Europe. Moreover, this region is also expected to witness the high growth during the forecast period. The growth in this market is driven by increasing prevalence of chronic diseases, increasing government spending on the healthcare, and growing disposable income of the population.
The major players operating in the global nutraceutical ingredients market are Associated British Foods plc (U.K.), Arla Foods (Denmark), Koninklijke DSM N.V., (The Netherlands), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Ajinomoto CO. INC. (Japan), Chr. Hansen Holding A/S (Denmark), Glanbia PLC (Ireland), Fonterra Co-operative Group Limited (New Zealand), Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), DuPont de Nemours, Inc. (U.S.), BASF SE (Germany), and Kerry Inc. (Ireland) among others.