Press release
Nutritional Ingredients Market is expected to reach US$ 325.4 billion by 2030
Nutritional Ingredients Market - DataM Intelligence
The Global Nutritional Ingredients Market reached US$ 182.5 billion in 2022 and is expected to reach US$ 325.4 billion by 2030 and is expected to grow with a CAGR of 7.5% during the forecast period 2023-2030.
The main driving force behind the nutritional ingredients market is the increasing demand in the consumer market for premium milk and meat. This demand is likely to lead to the production of high-quality feed products for livestock, utilizing nutritious elements.
Nutritional ingredients play a crucial role in treating and preventing illnesses in both humans and animals. They are employed in the treatment and prevention of various syndromes in infants. Polyunsaturated fatty acids, a type of nutritional ingredient, significantly impact the functioning of the brain, eyesight, metabolic processes, inflammatory response, and disease prevention.
Market analysis indicates that nutrition is a concern affecting both affluent and economically disadvantaged populations. A noteworthy concept in this regard is food fortification, a process that enhances the nutritional content of staple foods by incorporating micronutrients. This practice is expected to drive the growth of the nutritional ingredients market during the forecast period from 2023 to 2030.
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Market Dynamics
The growth of the market is being driven by increasing health consciousness among consumers. The global prevalence of acute hunger affecting over 193 million people highlights the vulnerability of individuals to various nutritional deficiencies, especially in the post-Covid era where lifestyle changes have become more pronounced.
The heightened awareness of health, facilitated by easy access to information online, has led to a significant shift in consumer priorities. According to market analysis, 62% of participants now place a higher value on their health than before the pandemic. This shift in mindset has resulted in a growing demand for safe and affordable healthcare alternatives, with nutritional ingredients playing a crucial role in providing the necessary nutritional values for a healthy lifestyle. As consumers actively seek ways to enhance their well-being, the market for nutritional ingredients is witnessing increased traction.
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Market Segmentation
By Source
Animal
Plant
Synthetic
Microbial
By Type
Vitamins
Proteins & Amino Acids
Probiotics
Minerals
Enzymes
Polyunsaturated Fatty Acids
Sterols & Stanols
Prebiotics
Carotenoids
Others
By Application
Food & Beverages
Dietary Supplements
Maternal & Infant Nutrition
Animal Feed
Personal Care
Market Key Players
Major players are Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, DuPont Nutrition & Biosciences, Ingredion Incorporated, Royal DSM N.V., Kerry Group plc, Chr. Hansen Holding A/S, Tate & Lyle PLC, and Lonza Group Ltd.
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