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Nutraceutical Ingredients Market worth $378.21 billion by 2030, growing at a CAGR of 8.75% - Exclusive Report by 360iResearch
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The Global Nutraceutical Ingredients Market to grow from USD 193.30 billion in 2022 to USD 378.21 billion by 2030, at a CAGR of 8.75%.
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The nutraceutical ingredients market sells and distributes natural bioactive compounds with health-promoting, disease-preventing, and medicinal properties. These ingredients are isolated or purified from foods and sold in medicinal forms not usually associated with food. Nutraceutical ingredients include dietary supplements, functional foods, and medicinal foods that offer health benefits beyond basic nutrition. Several factors have driven the growth, mainly due to increased consumer health consciousness and a growing aging population seeking preventative healthcare measures. The rise in the prevalence of chronic diseases has led to a demand for nutritionally enriched foods.
The nutraceutical ingredients market in the Americas is characterized by a high demand for wellness products driven by a growing health-conscious population and increased knowledge about the link between diet and health. The United States is witnessing strong growth in the plant-based and organic segments. There is a regulatory emphasis by the FDA on clean labeling, which affects ingredient transparency and the supply chain. South America is witnessing a rise in local innovation, with Brazil leading in the region for functional and fortified foods. The market for nutraceutical ingredients in Europe is mature, with a strong regulatory framework set by the European Food Safety Authority (EFSA) emphasizing safety and efficacy. The Middle East is experiencing growth buoyed by rising incomes and an increasing propensity toward healthy lifestyles, especially in Gulf Cooperation Council (GCC) countries. Africa is an emerging market with untapped potential, however, challenges like regulatory diversity and economic disparity across nations affect market coherence. The Asia-Pacific region is the fastest-growing and potentially the largest market for nutraceutical ingredients due to a burgeoning middle class and increased spending power. Countries like China, Japan, and India are leading the way with their high demand for dietary supplements and functional foods. The regulatory environment is varied across the region, with stringent regulations in some countries like Japan and more relaxed frameworks in others. Due to established manufacturing infrastructures, APAC also provides a competitive landscape in terms of production and costs.
Market Segmentation & Coverage:
This research report categorizes the Nutraceutical Ingredients Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Form, market is studied across Dry and Liquid. The Dry commanded largest market share of 80.89% in 2022, followed by Liquid.
Based on Health Benefits, market is studied across Bone Health, Cognitive Performance, Gut Health, Heart Health, Immunity, Nutrition, and Weight Management. The Cognitive Performance is further studied across Sleep Boosting and Stress Management. The Nutrition commanded largest market share of 22.81% in 2022, followed by Gut Health.
Based on Type, market is studied across Carotenoids, Fibers & Specialty Carbohydrates, Minerals, Omega-3 Fatty Acids, Phytochemical & Plant Extracts, Prebiotics, Probiotics, Proteins & Amino Acids, and Vitamins. The Proteins & Amino Acids commanded largest market share of 16.14% in 2022, followed by Minerals.
Based on Application, market is studied across Animal Nutrition, Dietary Supplements, Functional Beverages, Functional Foods, and Personal Care. The Dietary Supplements commanded largest market share of 33.45% in 2022, followed by Functional Beverages.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 43.30% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Nutraceutical Ingredients Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Nutraceutical Ingredients Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Nutraceutical Ingredients Market, highlighting leading vendors and their innovative profiles. These include Ajinomoto Co., Inc., Amway Corporation, Archer-Daniels-Midland Company, Arla Foods amba, Associated British Foods PLC, Balchem Corporation, Barentz International B.V., BASF SE, BIONAP S.R.L., Cargill, Incorporated, Chr. Hansen Holding A/S, ChromaDex, Inc., Danone S.A., Divi's Laboratories Limited, DuPont de Nemours, Inc., Fonterra Co-operative Group Limited, Glanbia PLC, Ingredion Incorporated, Kerry Group PLC, Koninklijke DSM N.V., Kyowa Kirin Co., Ltd., Lonza Group, Martin Bauer Group, Nestle S.A., Pfizer Inc., Sydler India Pvt. Ltd., Tate & Lyle PLC, and ZIVO Bioscience, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Nutraceutical Ingredients Market, by Form
7. Nutraceutical Ingredients Market, by Health Benefits
8. Nutraceutical Ingredients Market, by Type
9. Nutraceutical Ingredients Market, by Application
10. Americas Nutraceutical Ingredients Market
11. Asia-Pacific Nutraceutical Ingredients Market
12. Europe, Middle East & Africa Nutraceutical Ingredients Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Nutraceutical Ingredients Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Nutraceutical Ingredients Market?
3. What is the competitive strategic window for opportunities in the Nutraceutical Ingredients Market?
4. What are the technology trends and regulatory frameworks in the Nutraceutical Ingredients Market?
5. What is the market share of the leading vendors in the Nutraceutical Ingredients Market?
6. What modes and strategic moves are considered suitable for entering the Nutraceutical Ingredients Market?
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