Nutraceutical Ingredients Market Current Scenario and Future Growth Analysis by 2027

Nutraceutical ingredients are substances that aid in adding nutritive value to the diet. Nutraceutical ingredients are used in various end-use industries such as food & beverages, pharmaceuticals, personal care, and animal feed.

Increasing awareness about healthy diet, which includes vitamins, proteins, minerals, fibers, and others is major factor driving growth of the global nutraceutical ingredients market. Moreover, increasing use of nutraceutical ingredients in pharmaceutical drugs, owing to its properties such as anti-aging, prevention in chronic diseases, cancer, and health improvement is expected to drive growth of the market. Antioxidant property of nutraceutical ingredients such as phytochemicals aid in prevention of cancer. According to World Cancer Report, the prevalence of cancer is anticipated to increase by 50%, which is around 15 million cases by 2020.

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The nutraceutical ingredients market has witnessed significant growth owing to rise in concern about side effects and synthetic additives in conventional consumer food, which has led to increasing demand for natural additives. Nutraceutical ingredients help in prevention of numerous diseases. Increasing prevalence of heart diseases such as XXX is anticipated to fuel growth of the global nutraceutical ingredients market. According to European Society of Cardiology, cardiovascular diseases cause around 4 million deaths every year, in Europe.

Asia Pacific was the dominant region in the global nutraceutical ingredients market in 2016, owing to increasing geriatric population and increasing health concerns among the population. According to National Centre of Biotechnology Information, aging population are associated with risks such as disability, chronic diseases, hypertension, diabetes and various other diseases. Emerging economies such as China, Japan, and India are some of the key markets in this region.

Detailed Segmentation:

Global Nutraceutical Ingredients Market, By Product Ingredients:
Vitamins
Prebiotics and Probiotics
Proteins and Amino Acids
Omega Fatty 3 acids
Minerals
Carotenoids
Fibers & Specialty Carbohydrates
Phytochemicals & Plant Extracts
Other Ingredients

Global Nutraceutical Ingredients Market, By Application:
Functional Food
Functional Beverages
Dietary supplements
Animal Feed
Others

Global Nutraceutical Ingredients Market, By Form:
Dry
Liquid

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Major players operating in the global nutraceutical ingredients market include BASF SE, E.I. du Pont de Nemours and Company, Cargill Inc., Archer Daniels Midland Company, DSM Nutritional Products, Ingredion Incorporated, Tate & Lyle Plc, Ajinomoto Co. Inc., and FMC Corporation.

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This release was published on openPR.