The report "Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form, and Region - Global Forecast to 2025" The nutraceutical ingredients market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0%. The growth of the nutraceutical ingredients market is driven by the growth in the demand for fortified food owing to the increasing health consciousness amongst consumers.
Browse 204 market data Tables and 57 Figures spread through 297 Pages and in-depth TOC on "Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), Application (Food, Beverages, Animal Nutrition, Dietary Supplements), Form, and Region - Global Forecast to 2025"
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The prebiotics segment is projected to be the fastest growing in the forecast period.
On the basis of type, the prebiotics segment is projected to be the fastest growing in the forecast period. The rising health awareness among the global population has a major influence on the demand for prebiotic ingredients. Prebiotics witness a wide range of applications such as fortification in food and beverage products. In feed application, prebiotics are used to protect livestock health and increase the efficiency of nutrient utilization as they are also a key alternative to antimicrobials in feed.
The food segment is projected to dominate the market by 2025.
The nutraceutical ingredients market, by application, is estimated to be dominated by the food segment in 2020. As consumers are becoming more aware about their health & wellness, the preference for balanced diets and healthy food is rising tremendously in the market. This has resulted in widened applications for functional foods and created profitable growth opportunities for manufacturers in the nutraceutical ingredients market.
The liquid segment is estimated to be the second largest in 2020.
The nutraceutical ingredients market, on the basis of form, is segmented into dry and liquid. The liquid form nutraceutical ingredients is majorly used in products such as sports drinks, and other nutritional drinks and cosmetic products.Also, in terms of consistent concentration in the solution, liquid nutraceutical ingredients are easier to mix and provide a uniform texture to the consumable product.
The Asia Pacific is projected to account for the largest market share during the forecast period.
Asia Pacific is a dominant region in the global nutraceutical ingredients market. Factors such as increasing consumption of convenience food products due to busy lifestyles and the rapid economic growth of countries in the region, are driving the demand for fortified food & beverage products in the region. The food & beverage market in this region is currently undergoing a transformation in response to the rapid urbanization, diet diversification, and liberalization of foreign direct investment in the food sector. The application of nutraceutical ingredients is projected to increase at a rapid rate in the region due to a surge in demand and the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed.
This report includes a study of the marketing and development strategies used, along with the product portfolios of leading companies. It consists of the profiles of leading manufacturers such as Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US),Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan),Glanbia plc (Ireland),Fonterra Co-operative Group Ltd. (New Zealand),Cargill (US),ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market.
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