Nutraceutical Ingredients Market Analysis, Trends and Top Manufacturers

The Nutraceutical Ingredients Market is estimated to be valued at USD 162.1 billion in 2020 and is projected to reach USD 227.5 billion by 2025, at a CAGR of 7.0%. The growth of the nutraceutical ingredients market is driven by the growth in the demand for fortified food owing to the increasing health consciousness amongst consumers.

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The probiotic segment is estimated to be the largest in 2020

The nutraceutical ingredients markets, by type, is estimated to be dominated by the probiotic segment in 2020. Probiotic ingredients have witnessed positive effects on the overall human health and are becoming one of the essential ingredients for various health & nutritional applications. Owing to which there is a wide range of probiotic-based applications in the functional food, functional beverage, dietary supplement, and animal nutritional industries.

The food segment is projected to dominate the market by 2025

The nutraceutical ingredients market, by application, is estimated to be dominated by the food segment in 2020. With the increasing awareness among consumers, the market for nutraceutical-based food is increasing as consumers prefer balanced diets and food that not only satisfies their hunger but also takes health into consideration. Therefore, the growth of the nutraceutical food market is widening its applications and creating growth opportunities for the nutraceutical ingredients market.

The dietary segment is projected to be the fastest-growing segment during the forecast period

The dietary supplemet segment is projected to be the fastest-growing, by application, during the forecast period. Dietary supplements offer general health benefits such as improvement in the balance of the gut microflora, improvement of intestinal functions such as bulking and regularity, increased calcium absorption & improvement in bone density, enhancement of immune function, reduction in the release of toxins that can lead to fatty liver and other diseases, reduced risk of cardiovascular diseases, control of blood sugar, possible reduction of risk of obesity & metabolic syndrome, and improvement in abdominal pain, bloating, and constipation.

The prebiotic segment is estimated to be the largest in 2020

The nutraceutical ingredients market, by type, is estimated to be dominated by the prebiotic segment. Prebiotic ingredients are also exploited as low-calorie fat replacer as they can help reduce obesity and diabetes. The rising health awareness among the global population has a major influence on the demand for prebiotic ingredients. Prebiotics witness a wide range of applications such as fortification in food and beverage products. In feed application, prebiotics are used to protect livestock health and increase the efficiency of nutrient utilization as they are also a key alternative to antimicrobials in feed.

The Asia Pacific is projected to account for the largest market share during the forecast period

Asia Pacific is a dominant region in the global nutraceutical ingredients market. Busy lifestyles have led to an increase in the consumption of convenience food products and the rapid economic growth of countries in the region, which has driven the demand for fortified nutritional food & beverage products in the region. The application of nutraceutical ingredients is projected to increase at a rapid rate in the region due to a surge in demand and the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed.

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Leading manufacturers are Associated British Foods (Uk), Arla Foods (Denmark), DSM (Netherlands), Ingredion Incorporated (US),Tate & Lyle PLC (UK), Ajinomoto Co., Inc. (Japan), Chr. Hansen (Denmark), Kyowa Hakko Kirin Group (Japan),Glanbia plc (Ireland),Fonterra Co-operative Group Ltd. (New Zealand),Cargill (US),ADM (US), DuPont (US), BASF (Germany) are the players that hold a significant share in the nutraceutical ingredients market.

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