Nutraceutical Ingredients Market is Forecasted to Reach US$ 301.44 billion in 2030, Says Stratview Research

The global nutraceutical ingredients market is projected to witness a growth rate of 6.75% annually from 2024 to 2030, with an anticipated size of US$ 301.44 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global nutraceutical ingredients market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 301.44 billion
Growth (CAGR): 6.75% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Nutraceutical Ingredients Market:

The global nutraceutical ingredients market is segmented based on type, form type, application type, and region.

Based on type- "Probiotic is expected to remain the dominant type in the market during the forecast period."
Probiotics are usually taken to put the gut microbiome in good balance with the gut's health. However, there is much more to their benefits in improving gut microbiome health, recovering from illness or treatment, and strengthening immune function. It's in these multi-dimensional benefits that probiotics are becoming one of the most popular supplements for anyone looking to improve their overall health.

Based on application type - "Food is expected to remain the dominant and fastest-growing product in the market during the forecast period."
Over the last decade, there was an escalation in junk food consumption triggered by factors of delicious taste, pleasing texture, and comfortable mouthfeel. Nevertheless, the healthier choices consumers are making have prompted food manufacturers to look towards innovation and invent products that are healthier as well. Nowadays consumers are more aware of a balanced diet and healthier foods, which created a growing demand for functional foods. This has not only created new channels for nutraceutical ingredient manufacturers but also unexplored avenues that can be exploited for growth in the market.

Based on form type - "Dry form is expected to remain the dominant and faster-growing form in the market during the forecast period."
The manufacturers are in favor of the dry nutraceutical ingredients since they are more stable, easy to handle and store, and can be used for different products. Storage and handling are the major reasons for the demand for dry ingredients because liquid ingredients are generally less stable than their dry counterparts.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/3796/nutraceutical-ingredients-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for nutraceutical ingredients during the forecast period. This growth outlook is majorly attributed to the following-

• The APAC region is poised for a sizeable increase in the demand for nutraceutical ingredients fueled by the growing customer interest in sectors such as food, drinks, dietary supplements, personal care products, and animal feed.
• This is the expansion that arises from the growth of the region's population.

Nutraceutical Ingredients Market Drivers:

Some of the key drivers listed in the report are given below.

In recent years, international awareness of lifestyle-related diseases has raised consumer awareness of healthy food, thus, the market for nutritious products has been boosted. An aging society, increased life expectancy, and a growing number of people suffering from chronic diseases have changed eating habits. Fortified foods are now among the fastest-growing categories in health and wellness, after naturally healthy and organic products.

Food fortification is the process of adding nutrients like proteins, minerals, and vitamins to food and beverages to make them more nutritious. The market for fortified foods is booming and it is supported by major organizations such as the WHO and FAO as a key strategy against global malnutrition. The mandatory fortification policies in many developing and emerging countries have even more enhanced the market growth.

Top Companies in the Nutraceutical Ingredients Market:

Stratview Research has identified the following companies as the top market players.
• ADM (US)
• Ajinomoto Co., Inc. (Japan)
• Arla Foods Ingredients Group P/S (Denmark)
• Associated British Foods Plc (UK)
• BASF SE (Germany)
• Cargill Incorporated (US)
• CHR Hansen Holdings A/S. (Denmark)
• DSM (Netherlands)
• Fonterra Co. Operative Group Limited (New Zealand)
• Glanbia Plc (Ireland)
• Ingredion (US)
• International Flavors & Fragrances, Inc. (US)
• Kerry Groups (Ireland)
• Kyowa Hakko Bio Co., Ltd. (Japan)
• Tate & Lyle (UK)

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Nutraceutical Ingredients Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Pulse Ingredients Market: https://www.stratviewresearch.com/3786/pulse-ingredients-market.html
• Dairy Ingredients Market: https://www.stratviewresearch.com/3835/dairy-ingredients-market.html

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