Nutraceutical Ingredients Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Nutraceutical Ingredients Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $80.4 billion In 2028 At A CAGR Of 8.7%.

The nutraceutical ingredients market size has grown strongly in recent years. It will grow from $53.28 billion in 2023 to $57.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increasing health awareness, aging population, preventive healthcare, lifestyle diseases, consumer preferences, government initiatives..

The nutraceutical ingredients market size is expected to see strong growth in the next few years. It will grow to $80.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to personalized nutrition, e-commerce growth, clean label demand, plant-based movement, immune health focus, mental wellness products.. Major trends in the forecast period include probiotics and gut health, clean labels and transparency, cognitive health ingredients, sustainable sourcing and ethical practices, technological innovations in delivery formats..

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Nutraceutical Ingredients Market Major Segments
The nutraceutical ingredients market covered in this report is segmented -
1) By Product Type: Vitamins, Proteins and Amino Acids, Probiotic, Minerals, Omega-3 Fatty Acids, Fibers and Specialty Carbohydrates, Prebiotic, Phytochemical and Plant Extracts, Other Product Types
2) By Health Benefits: Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weigh Management, Other Health Benefits
3) By Form: Dry, liquid
4) By Application: Food, Beverages, Personal Care, Animal Nutrition, Dietary Supplements

Key Driver - Surging Demand For Probiotics And Protein-Rich Foods Drives Growth In The Nutraceutical Ingredients Market

The rising demand for probiotics and protein-rich foods is expected to propel the growth of the nutraceutical ingredients market going forward. Probiotics and protein-rich foods refer to live microorganisms and foods with high protein content that have been shown to improve health when consumed or applied to the body. Nutraceutical ingredients boast essential proteins needed for the human body, thus, the demand for probiotics and protein-rich foods will also drive the need for nutraceutical ingredients. For instance, according to Consumer Insights on Gut Health & Probiotics survey report with One thousand interviews among US adults ages 18+ from March 4 to March 9, 2022, by the International Food Information Council, a US-based non-profit organization supported by the food, beverage, and agricultural industries, about a one third (32%) of respondents indicated they actively try to eat probiotics, of those, and 60% try to do so at least once per day and 24% try to do so several times per day. Therefore, the rising demand for probiotics and protein-rich foods is expected to propel the growth of the nutraceutical ingredients market.

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Prominent Trend - Innovative Product Development Drives Momentum In The Nutraceutical Ingredients Market

New product development & advancements are key trends gaining popularity in the nutraceutical ingredients market. Major market players are developing advanced products to sustain their position in the nutraceutical ingredients market. For instance, in January 20221, Tate & Lyle, a UK-based company engaged in ingredient solutions for healthier food and beverages launched new REZISTA MAX thickening starches and BRIOGEL gelling starches. Due to their improved process tolerance, mouthfeel, fluidity, and texture, innovative tapioca starches will help food manufacturers deliver superior products. The starches can be used in dairy, soups, sauces and dressings, confectionery, and other applications. Tapioca starch has some unique formulation benefits, such as a translucent color and a soft gel-like texture that is especially appealing in dairy desserts, certain sauces, confectionery, and processed cheese.

Nutraceutical Ingredients Market Players
Major companies operating in the nutraceutical ingredients market report are Cargill Incorporated, Abbott Laboratories, Ajinomoto Co. Inc., Aker Biomarine ASA, Alticor Inc., Archer-Daniels-Midland Company, Arla Foods Amba, Associated British Foods plc, BASF SE, Chr. Hansen Holding A/S, Danone SA, Dow Jones Company, DuPont de Nemours Inc., Fonterra Co-operative Group Limited, General Mills Inc., Glanbia plc, GlaxoSmithKline plc, Ingredion Incorporated, Johnson & Johnson Services Inc., Kellogg Company, Koninklijke DSM NV, Kraft Heinz Company, Nestlé SA, Novozymes A/S, Nutraceutix Inc., PepsiCo Inc., Procter & Gamble Company, Roquette Freres SA, Tate & Lyle plc, Kerry Group plc, Royal DSM N.V., FMC Corporation, Lonza Group AG, Nutraceutical International Corporation, Sabinsa Corporation .

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Largest And Fastest Growing Region In The Market
North America was the largest region in the nutraceutical ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the nutraceutical ingredients market report during the forecast period. The regions covered in the nutraceutical ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Nutraceutical Ingredients Market Report Structure
3. Nutraceutical Ingredients Market Trends And Strategies
4. Nutraceutical Ingredients Market - Macro Economic Scenario
5. Nutraceutical Ingredients Market Size And Growth
…..
27. Nutraceutical Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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