Nutraceutical Ingredients Market Is Thriving Worldwide expected to Witness Significant Growth by 2031

Growing customer preference for natural food products, increase in popularity of probiotic dietary supplements, rising concerns of consumers about preventative healthcare and the effectiveness of these substances on their health, increase in consumer preference for functional foods, and surge in incidence of chronic diseases among the population propel the growth of the global nutraceutical ingredients market. However, high cost of production of nutraceutical ingredients hinder the market growth. On the other hand, the rise in investment in R&D to investigate novel applications for nutraceutical components and efforts made by governments throughout the world to promote the use of nutraceuticals present new opportunities for the market in future.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗧𝗵𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.alliedmarketresearch.com/request-sample/370

The nutraceutical ingredients market size was valued at $163.9 billion in 2021, and is estimated to reach $327.3 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.

Increased investment in R&D to investigate novel applications for nutraceutical components is a result of the rise in nutraceutical ingredients market demand. Government laws, however, pose a threat to the expansion of the market for nutraceutical ingredients in some nations, including Europe. In the European Union, probiotic health claims must adhere to strict guidelines. Market players must offer scientifically validated evidence of the efficacy of their products, which frequently results in the rejection of product claims regarding health benefits.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

The major players analyzed for global nutraceutical ingredients industry are 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.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (300 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/checkout-final/a2bdd6c63691e7c9fcf54c7c5858416c

Asia-Pacific to achieve the fastest growth by 2031

Based on region, Asia-Pacific is anticipated to manifest the fastest CAGR of 8.1% during the forecast period, 2021-2031 due to the increased participation of major pharmaceutical and food and beverage manufacturers in the production of nutraceutical ingredients in the region.

However, North America held the largest market share in 2021, accounting for around one-third of the global nutraceutical ingredients market, and is likely to lead the trail throughout the forecast period. This is due to the increasing demand for nutraceuticals with medicinal advantages in the region. The other regions discussed in the report are Europe and LAMEA.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/370

The region that dominated the global nutraceutical ingredients market in 2021 was North America, and this dominance is anticipated to continue throughout the forecast period. The Asia-Pacific region is expected to experience the fastest nutraceutical ingredients market growth during the forecast period. The Asia-Pacific region has experienced significant expansion over the past several years as a result of the participation of major pharmaceutical and food and beverage manufacturers. Thus, all these nutraceutical ingredients market trends are driving the market growth.

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