Market Industry Reports (MIR) has published a new report titled “Nutraceutical Ingredients Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global nutraceutical ingredients market is estimated to be over US$ 150 Mn in 2019. It is anticipated to grow at 6.8% CAGR from 2019 to 2030.
Nutraceutical ingredients are important to promote health and reduce the risk of diseases. Nutraceutical ingredients can be used for a wide range of applications including bread, biscuits, cereals, dietary supplements, and powder drinks. They easily fit into peoples daily diet and offer nutritional benefits and lifestyle-oriented wellness. The nutraceutical ingredient market is expecting dynamic growth opportunities. The increasing demand for nutraceuticals is driven by increasing consciousness about health & fitness among consumers. Moreover, increasing incidences of chronic diseases are expected to contribute to the substantial growth of nutraceutical ingredients globally. However, the high cost of fortified products will hamper market growth to a certain extent.
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Some of the prominent players in the Nutraceutical Ingredients Market include:
DSM, Associated British Foods plc (ABF Ingredients), Arla Foods Ingredients Group P/S, INGREDION, Tate & Lyle, Ajinomoto Co., Inc., Cargill, Incorporated, ADM, Kerry Inc., and Glanbia
Dietary supplements and functional food reduce the risk of diseases and help to maintain good health. Probiotics, phytochemicals, and antioxidants, among others, improve health, prevent chronic diseases, delay the aging process, and increase life expectancy. There is a wide variety of nutraceuticals available for general well-being and those which play an important role in the prevention and treatment of disease. These products have shown favorable results in various pathological complications such as neurological disorders, cardiovascular disorders, and cancer, among others.
Increasing workloads, psychological pressures, longer work hours, among others have changed the lifestyle of people. They go through physical, mental, and social stress due to poor work-life balance. This imbalanced lifestyle have generated several health challenges, such as diabetes, osteoporosis, asthma, obesity, allergies, and dental problems. To achieve a better quality of life, people are following strict diets and consuming dietary supplements and nutraceuticals to achieve therapeutic outcomes.
The Nutraceutical Ingredients Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Type (Proteins & Amino Acids, Probiotics, Vitamins, Carotenoids, and Others), Application (Food, Beverages, Personal Care, and Dietary Supplements), Form (Dry and Liquid), Health Benefits (Cognitive Health, Gut Health, Weight Management, and Bone Health)
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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