In 2022, the Nutraceutical Ingredients Market was valued at USD 5.26 billion. It is projected to reach USD 8.6 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.7% during the forecast period. The popularity of nutraceutical ingredients among consumers is on the rise, primarily due to their potential health benefits and the increasing awareness of the importance of preventive healthcare.
Factors such as changing lifestyles, higher healthcare expenditures, and growing consumer interest in natural and organic products are driving the demand for nutraceutical ingredients. The prevalence of chronic diseases like obesity, diabetes, and cardiovascular conditions has led consumers to adopt a proactive approach to their health. As a result, many food and beverage products now incorporate nutraceutical components known for their functional properties that can enhance overall health and well-being.
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Top Companies Operating in the Global Nutraceutical Ingredients Market Report:
- DSM Nutritional Products
- BASF SE
- Koninklijke DSM N.V.
- Cargill, Incorporated
- Archer Daniels Midland Company
- FMC Corporation
- Ingredion Incorporated
- Kerry Group plc
- Ajinomoto Co., Inc.
- Bioriginal Food & Science Corp.
- Naturex S.A. (Givaudan)
- SternVitamin GmbH & Co. KG
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.
This report analyzes the Nutraceutical Ingredients market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Nutraceutical Ingredients market is provided to gain a deeper understanding of its growth and progress.
The global Nutraceutical Ingredients market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook:
- Vitamins
- Minerals
- Probiotics
- Omega-3 Fatty Acids
- Proteins
- Others
Application Outlook:
- Functional Foods
- Dietary Supplements
- Personal Care
- Others
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