Global Nutraceutical Ingredients Market

Report ID : 1407 | Published : 2022-10-14 | Pages: | Format: PDF/EXCEL

The market size of the Global Nutraceutical Ingredients market in the year 2021 is valued at 175.69 billion and is predicted to reach 296.86 billion by the year 2030 at an 6.17% CAGR during the forecast period.

Functional foods and beverages can add nutraceutical ingredients to boost their nutritional content. The finished food item's sensory attributes, flavour, and appearance are also improved. They maintain healthy body composition, boost immunity, slow down the ageing process, and prevent chronic diseases. The primary element boosting market revenue growth is the rising prevalence of chronic diseases like diabetes, cardiovascular conditions, and obesity among the growing population. It has been demonstrated that nutritional supplements can improve bone, eye, and tumour health and cardiovascular and skin health, control diabetes, boost immunity and enhance immunity. These factors fuel an increase in demand from manufacturers of dietary supplements for nutraceutical ingredients. The growing interest in health and fitness drives demand for nutraceutical ingredients derived from plants, animals, synthetics, and microbes.

The government's increased emphasis on addressing malnutrition and undernutrition in developing nations is anticipated to fuel the market for nutraceutical ingredients during the forecast period. The government and business stakeholders' increased awareness campaigns about the health advantages of nutraceutical ingredients are essential drivers of the goods' rising demand. Significant market growth factors include innovation, adequate finance, regulatory support by introducing conductive measures, and tax subsidies.

Market Segmentation:

The Nutraceutical Ingredients market is segmented into type, application, health benefits and Products. Based on type, the market is segmented into probiotics, Proteins and amino acids, Phytochemical & plant extracts, Fibers & speciality carbohydrates, Omega 3 fatty acids, Vitamins, Prebiotic, Carotenoids, Minerals and Others. Based on the application, the Nutraceutical Ingredients are segmented into Food, Beverages, Personal care, Animal nutrition and Dietary supplements. Based on health benefits, the market is segmented into Cognitive health, Gut health, Heart health, Bone health, Immunity, Nutrition, Weight Management and Others. Based on ingredients form, the market is segmented into Dry and Liquid.

Based on type, the probiotic segment is accounted as a major contributor to the Nutraceutical Ingredients market.

The nutraceutical ingredients market's probiotic sector had the largest revenue share. Due to the rising demand for fortified foods and dietary supplements, probiotics are the conventional nutraceutical ingredients predicted to expand faster over the coming years. Probiotics' advancement and the introduction of new probiotic products are predicted to result in significant food and beverage firms investing more money in research and development. The need for probiotics is rising due to the increased popularity of probiotic yogurt, which has seen rising sales in recent years.

The food segment witnessed growth at a rapid rate.

The food category accounted for the nutraceutical ingredients market's largest revenue share. The increased use of nutraceutical additives in the food industry results from the health benefits they give. The market demand for food items based on nutraceutical ingredients is rising due to the rising prevalence of chronic diseases and the ageing population. The increasing need to improve food items' nutritional content is anticipated to increase the use of nutraceutical additives in the food industry throughout the forecast period. Growing awareness about health and fitness among consumers is resulting in the increased demand for functional foods such as vitamin-enriched products, as it is believed to add health and wellness advantages.

The Asia Pacific Nutraceutical Ingredients market holds a significant revenue share in the region.

The Asia Pacific Nutraceutical Ingredients market is expected to register the highest market share in revenue in the near future. The rising incidence of chronic diseases, government healthcare spending, and disposable income are the main drivers of market expansion. Changing eating and lifestyle patterns, rising consumer demand for items that promote nutrition and health, and high demand for food, drinks, dietary supplements, functional food, and personal care products all contribute to the expansion of the region's nutraceutical ingredients market. In addition, North America is projected to grow rapidly in the global nutraceutical ingredients market due to the increasing frequency of chronic and non-chronic diseases, growth in market innovations, and expansion of large corporations' research and development endeavours. Additionally, the growth is due to increasing customer demand. In terms of product options and the broader acceptance of nutraceutical ingredients among consumers across all age groups, the United States is one of the top markets.

Competitive Landscape

The key players in the Nutraceutical Ingredients market include Associated British Foods plc (London), 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.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Nutraceutical Ingredients Market Snapshot

Chapter 4. Global Nutraceutical Ingredients Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis

5.1. by Type & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Type:

5.2.1. Probiotic 

5.2.2. Proteins and amino acids

5.2.3. Phytochemical & plant extracts

5.2.4. Fibers & specialty carbohydrates

5.2.5. Omega 3 fatty acids

5.2.6. Vitamins

5.2.7. Prebiotic

5.2.8. Carotenoids

5.2.9. Minerals

5.2.10. Others

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis

6.1. by Application & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

6.2.1. Food

6.2.2. Beverages

6.2.3. Personal care

6.2.4. Animal nutrition

6.2.5. Dietary supplements

Chapter 7. Market Segmentation 3: by Health Benefits Estimates & Trend Analysis

7.1. by Health Benefits & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Health Benefits:

7.2.1. Cognitive health

7.2.2. Gut health

7.2.3. Heart health

7.2.4. Bone health

7.2.5. Immunity

7.2.6. Nutrition

7.2.7. Weight management

7.2.8. Others

Chapter 8. Market Segmentation 4: by Ingredients Form Estimates & Trend Analysis

8.1. by Ingredients Form & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Ingredients Form:

8.2.1. Dry

8.2.2. Liquid

Chapter 9. Nutraceutical Ingredients Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America Nutraceutical Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Type, 2022-2030

9.1.2. North America Nutraceutical Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

9.1.3. North America Nutraceutical Ingredients Market revenue (US$ Million) by Health Benefits, 2022-2030

9.1.4. North America Nutraceutical Ingredients Market revenue (US$ Million) by Ingredients Form, 2022-2030

9.1.5. North America Nutraceutical Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.2. Europe

9.2.1. Europe Nutraceutical Ingredients Market revenue (US$ Million) by Type, 2022-2030

9.2.2. Europe Nutraceutical Ingredients Market revenue (US$ Million) by Application, 2022-2030

9.2.3. Europe Nutraceutical Ingredients Market revenue (US$ Million) by Health Benefits, 2022-2030

9.2.4. Europe Nutraceutical Ingredients Market revenue (US$ Million) by Ingredients Form, 2022-2030

9.2.5. Europe Nutraceutical Ingredients Market revenue (US$ Million) by country, 2022-2030

9.3. Asia Pacific

9.3.1. Asia Pacific Nutraceutical Ingredients Market revenue (US$ Million) by Type, 2022-2030

9.3.2. Asia Pacific Nutraceutical Ingredients Market revenue (US$ Million) by Application, 2022-2030

9.3.3. Asia-Pacific Nutraceutical Ingredients Market revenue (US$ Million) by Health Benefits, 2022-2030

9.3.4. Asia-Pacific Nutraceutical Ingredients Market revenue (US$ Million) by Ingredients Form, 2022-2030

9.3.5. Asia Pacific Nutraceutical Ingredients Market revenue (US$ Million) by country, 2022-2030

9.4. Latin America

9.4.1. Latin America Nutraceutical Ingredients Market revenue (US$ Million) by Type, 2022-2030

9.4.2. Latin America Nutraceutical Ingredients Market revenue (US$ Million) by Application, 2022-2030

9.4.3. Latin America Nutraceutical Ingredients Market revenue (US$ Million) by Health Benefits, 2022-2030

9.4.4. Latin America Nutraceutical Ingredients Market revenue (US$ Million) by Ingredients Form, 2022-2030

9.4.5. Latin America Nutraceutical Ingredients Market revenue (US$ Million) by country, 2022-2030

9.5. Middle East & Africa

9.5.1. Middle East & Africa Nutraceutical Ingredients Market revenue (US$ Million) by Type, 2022-2030

9.5.2. Middle East & Africa Nutraceutical Ingredients Market revenue (US$ Million) by Application, 2022-2030

9.5.3. Middle East & Africa Nutraceutical Ingredients Market revenue (US$ Million) by Health Benefits, 2022-2030

9.5.4. Middle East & Africa Nutraceutical Ingredients Market revenue (US$ Million) by Ingredients Form, 2022-2030

9.5.5. Middle East & Africa Nutraceutical Ingredients Market revenue (US$ Million) by country, 2022-2030

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Associated British Foods plc (London)

10.2.2. Arla Foods (Denmark)

10.2.3. Koninklijke DSM N.V.(The Netherlands)

10.2.4. Ingredion Incorporated (U.S.)

10.2.5. Tate & Lyle PLC (U.K.)

10.2.6. Ajinomoto CO. INC. (Japan)

10.2.7. Chr. Hansen Holding A/S (Denmark)

10.2.8. Glanbia PLC (Ireland)

10.2.9. Fonterra Co-operative Group Limited (New Zealand)

10.2.10. Cargill, Incorporated (U.S.)

10.2.11. Archer Daniels Midland Company (U.S.)

10.2.12. DuPont de Nemours, Inc. (U.S.)

10.2.13. BASF SE (Germany)

10.2.14. Kerry Inc. (Ireland)

10.2.15. Other Prominent Players

By Type-

  • Probiotic
  • Proteins and amino acids
  • Phytochemical & plant extracts
  • Fibers & specialty carbohydrates
  • Omega 3 fatty acids
  • Vitamins
  • Prebiotic
  • Carotenoids
  • Minerals
  • Others

By Application-

  • Food
  • Beverages
  • Personal care
  • Animal nutrition
  • Dietary supplements

By Health Benefits-

  • Cognitive health
  • Gut health
  • Heart health
  • Bone health
  • Immunity
  • Nutrition
  • Weight management
  • Others

By Ingredients Form-

  • Dry
  • Liquid

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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