Nutraceutical Ingredients Market to Reach $327.5B by 2030 Fueled by Probiotics & Functional Foods

According to DataM Intelligence, the global nutraceutical ingredients market reached US$ 174.5 billion in 2022 and is expected to reach US$ 327.5 billion by 2030, growing at a CAGR of 8.4% from 2025 to 2032. Growth is driven by rising consumer awareness of preventive healthcare, increasing demand for functional foods and dietary supplements, prevalence of chronic diseases, and advancements in probiotic and prebiotic ingredients for gut health and immunity.

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North America Key Industry Developments
✅ August 2024: Nestlé Health Science acquired the VOWST business from Seres Therapeutics to expand its probiotic portfolio for gut health.
✅ May 2024: Doctor's Best acquired Activ Nutritional to strengthen its specialized nutritional supplement offerings.
✅ Ongoing: Increasing investments in R&D for plant-based and personalized nutraceutical ingredients amid rising vegan trends.

Asia-Pacific Key Industry Developments
✅ May 2025: Mangalam Global Enterprise Limited launched 31 new SKUs in the B2C nutraceuticals space.
✅ March 2022: Tate & Lyle acquired Quantum Hi-Tech Biological, a Chinese prebiotic manufacturer, to expand dietary fiber offerings in Asia.
✅ Ongoing: Rapid growth in demand for probiotics and plant extracts driven by urbanization and health awareness in China and India.

Key Mergers and Acquisitions (Recent)
✅ February 2023: Archer-Daniels-Midland (ADM) launched a new probiotic production facility in Spain with expanded capacity.
✅ February 2022: ABF Ingredients acquired Fytexia Group to enhance its nutraceutical and pharmaceutical ingredient portfolio.
✅ Strategic expansions: Ongoing acquisitions and partnerships focusing on prebiotics, probiotics, and sustainable plant-based ingredients.

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Market Segmentation Analysis
By Product Type: Probiotics dominate with approximately 32.9% market share, followed by proteins & amino acids, phytochemical & plant extracts, fibers & specialty carbohydrates, omega-3 fatty acids, vitamins, and others.
By Form: Dry and liquid forms, with dry leading due to stability and ease of use.
By Health Benefits: Gut health, immunity, cognitive health, heart health, bone health, weight management, and others.
By Application: Primarily food & beverage, dietary supplements, and animal nutrition.

Regional Insights
North America leads with ~38.4% market share due to high consumer awareness, strong R&D infrastructure, growing vegan population, and adoption of preventive health products. Asia-Pacific is the fastest-growing region, driven by rising disposable incomes, urbanization, and demand for functional ingredients in emerging markets like China and India.

Growth Drivers
Increasing awareness about health benefits and preventive healthcare
Rising demand for functional foods and dietary supplements
Growing prevalence of chronic diseases and lifestyle disorders
Advancements in probiotic, prebiotic, and plant-based ingredients
Expanding applications in immunity, gut health, and personalized nutrition

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Key Players
The market includes leading companies such as Associated British Foods, Arla Foods, DSM, Tate & Lyle, Ajinomoto, CHR. Hansen, Kyowa Hakko Kirin Group, Glanbia Plc, Fonterra Co-Operative Group Limited, Ingredion, and Cargill.
Key Highlights (Top 5 Key Players)
DSM - Leading in vitamins, probiotics, and sustainable ingredient innovations.
CHR. Hansen - Specializing in advanced probiotic strains for gut and immune health.
Tate & Lyle - Expanding prebiotic and dietary fiber portfolio through acquisitions.
Glanbia Plc - Focusing on proteins and amino acids for sports and wellness nutrition.
Arla Foods - Advancing dairy-based and plant-derived functional ingredients.

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