Press release
Nutraceuticals Market Set to Expand Saliently at a Robust CAGR during the Forecast Period 2020-2024 | Productivity Data Analysis by Key Players - Corbion, Galactic, ADM, , Vertec BioSolvents, Somaiya
Nutraceuticals Market
Global Nutraceuticals Market overview:
A Nutraceutical or Bioceutical is a Pharmaceutical alternative that claims Physiological benefits. In the US, "Nutraceuticals" are largely unregulated, as they exist in the same category as dietary supplements and food additives by the FDA, under the authority of the Federal Food, Drug, and Cosmetic Act. Emerging innovations in this sector, which include novel Neem Extract and Purple corn, are the sources with more antioxidants than others. Developing economies are oriented toward preventive health care; hence, the demand for nutraceutical product increases significantly. In the future, functional food & beverage industries are anticipated to use antioxidants in excess. These are expected to contribute to market growth.
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The Global Nutraceuticals Market is segmented on the basis of Product Type, Application, End-Use Industry, and Region. On the Basis of Product Type segment, the Nutraceuticals Market is sub-segmented into D-type, L-type, DL-type. Based on the End-Use Industry segment, the Nutraceuticals Market is sub-segmented into Food Industry, Ink Industry, Medicine Industry, Electronic Industry, Paint Industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Asia-Pacific region is projected to register the highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness slow growth during the forecast period due to stringent environmental norms in the region. North America is the largest market for Nutraceuticals followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from the reviving Technology industry is driving the market for Nutraceuticals in North America.
Some of the Nutraceuticals Market manufacturers involved in the market are Corbion, Galactic, ADM, Musashino Chemical Laboratory, Vertec BioSolvents, Somaiya Group, Natural Remedies, Huade Biological Engineering, Nature's Sunshine, Danone, Nestle, Perrigo, NBTY, Mission Vivacare, Esun, BASF, Cargill, Acquisitions, and effective mergers are some of the strategies adopted by the Nutraceuticals Market manufacturers. New product launches and continuous technological innovations are the Nutraceuticals Market strategies adopted by the major players.
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Key Questions Answered in this Report:
1 The study provides an in-depth analysis of the global Nutraceuticals Market and current & future trends to elucidate the imminent investment pockets.
2 Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
3 Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
4 The quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
Latest Industry Updates:
Corbion:- Corbion and Nestlé have entered into a joint development agreement to develop a next-generation platform of algae-based ingredients rich in protein and micronutrients that can deliver sustainable, great-tasting, highly nutritious products.
The agreement will combine Corbion's microalgae and fermentation capabilities with Nestlé's expertise in the development of plant-based products. The aim of the joint development agreement is to establish a platform for the production and commercialization of algae-based ingredients rich in protein and micronutrients. The research will work to further develop the functionality, taste, and nutritional profile for use in different types of products.
Stefan Palzer, Nestlé Chief Technology Officer says, "We are actively exploring the use of microalgae as an alternative protein and micronutrient source for exciting plant-based products. Through the partnership with Corbion, we will be able to use great-tasting, nutritious microalgae-based ingredients to innovate across our different product categories."
"We are excited to partner with Nestlé to develop the next generation of algae-based ingredients," says Marc den Hartog, Executive Vice President Innovation Platforms at Corbion. "Corbion has already demonstrated the value of algae in several high-value food and feed applications. This new protein partnership with Nestlé has the potential to open important avenues for algae-based products into large global markets."
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Table of Contents:
1 Nutraceuticals Definition.
2 Global Nutraceuticals Market Major Player Share and Market Overview
3 Major Player Nutraceuticals Business Introduction
4 Global Nutraceuticals Market Segmentation (Region Level)
5 Global Nutraceuticals Market Segmentation (Product Type Level)
6 Global Nutraceuticals Market Segmentation (Industry Level)
7 Global Nutraceuticals Market Segmentation (Channel Level)
8 Nutraceuticals Market Forecast 2020-2024
9 Nutraceuticals Segmentation Type
10 Nutraceuticals Segmentation Industry
11 Nutraceuticals Cost Analysis
12 Conclusion
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