Nutraceutical Ingredients Market Size Worth $327.3 Billion Globally By 2031 | Exhibiting A CAGR Of 7.3% By 2031

Ingredients called nutraceuticals are added to a variety of functional foods and beverages to boost their nutritional value. The finished food item's appearance, flavor, and sensory attributes are also improved. As consumer demand for products with better taste, flavor, and nutrition increases, new products are introduced to the market.
The global nutraceutical ingredients market size was valued at $163.9 billion in 2021, and is projected to reach $327.3 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.

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The nutraceutical ingredients market is analyzed based on type, form, application, and region. By type, the market is divided into probiotics, vitamins, minerals, proteins, dietary fibers, and others. Further, proteins segment is bifurcated into plant proteins and animal proteins. By form, the market is divided into dry and liquid. By application, it is classified into dietary supplements, functional food & beverage, animal nutrition, others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segmentation:

Dietary supplements is the fastest growing segment in 2021

The functional food & beverage segment exhibits the fastest growth in the global nutraceutical ingredients market. Some of the factors affecting the market for nutraceutical ingredients include awareness, belief in their efficacy, and safety. Dairy products, non-dairy beverages, cereals, and newborn formula are just a few of the functional food and beverage applications where nutraceutical additives are being used on a large scale.

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Major Key Players:

The major players analyzed for the nutraceutical ingredients industry Amway Corporation, AOR Inc., Archer Daniels Midland, Cargill Incorporated, Danone, EID Parry, General Mills, Herbalife International of America Inc., Innophos, Matsun Nutrition, Mead Johnson, Nestle SA, Natrol, Royal DSM, and Valensa International. Key players operating in the nutraceutical ingredients market have adopted product launch, business expansion, and mergers & acquisitions as key strategies to expand their nutraceutical ingredients market share, increase profitability, and remain competitive in the market. In order to get an advantage over rival manufacturers in the market, they are primarily focused on improving the quality of their products. Manufacturers have an advantage in expanding their product line internationally due to an advanced distribution network and manufacturing knowledge and expertise.

Key Benefits For Stakeholders

-> This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nutraceutical ingredients market analysis from 2021 to 2031 to identify the prevailing nutraceutical ingredients market opportunities.

->Market research is offered along with information related to key drivers, restraints, and opportunities.

-> Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

-> In-depth analysis of the nutraceutical ingredients market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.

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