Nutraceutical Ingredients Market By Type (Probiotics, Vitamins, Minerals, Proteins, Dietary fibers, Others), By Form (Dry, Liquid), By Application (Dietary supplements, Functional food and beverage, Animal nutrition, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global nutraceutical ingredients market was valued at $163.9 billion in 2021, and is projected to reach $327.3 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031.The incorporation of the nutraceutical ingredients into food, beverages, dietary supplements, personal care products, and animal feed has applications in newborn and maternal nutrition, sports nutrition, medical nutrition, and animal nutrition. The rise in the prevalence of infectious and chronic diseases, as well as the expanding usage of nutraceutical ingredients in food and beverage applications, are the main factors propelling the expansion of the global market for nutraceutical ingredients.
The nutraceutical ingredients market is analyzed based on type, form, application, and region. By type, the market is divided into probiotics, vitamins, minerals, proteins, dietary fibers, and others. Further, proteins segment is bifurcated into plant proteins and animal proteins. By form, the market is divided into dry and liquid. By application, it is classified into dietary supplements, functional food & beverage, animal nutrition, others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Finland, Spain, Germany, France, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, New Zealand, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and Rest of LAMEA).
The demand for nutritional supplements and functional foods has increased as a result of the COVID-19 pandemic. The popularity of immunity-boosting supplements has significantly altered consumer behavior and purchasing habits. Additionally, following the COVID-19 pandemic, people's daily life will likely include preventive healthcare practices like taking dietary supplements. As a result, the global COVID-19 pandemic has made it possible for nutraceutical ingredients to establish a significant market presence.
The primary driver of the global market for nutraceutical ingredients is the increasing availability of vitamin-based supplements in departmental and other retail outlets. Due to their significant advantages, such as illness prevention, youthful vitality, and good health, these products are widely accepted by consumers. People of all ages take dietary supplements to consume the recommended dietary requirements. The diverse forms of these supplements include pills, tablets, powders, capsules, gel caps, and liquids.
The key players operating in the nutraceutical ingredients market have adopted product launch, business expansion, and merger & acquisition as its key strategies to expand their market share, increase profitability, and remain competitive in the market. The major players operating in the global nutraceutical ingredients market are Amway Corporation, AOR Inc., Archer Daniels Midland, Cargill Incorporated, Danone, EID Parry, General Mills, Herbalife International of America Inc., Innophos, Matsun Nutrition, Mead Johnson, Nestle SA, Natrol, Royal DSM, and Valensa International.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nutraceutical ingredients market analysis from 2021 to 2031 to identify the prevailing nutraceutical ingredients market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the nutraceutical ingredients market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global nutraceutical ingredients market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Dietary supplements
Functional food and beverage
Animal nutrition
Others
By Type
Probiotics
Vitamins
Minerals
Proteins
Sub-Type
Plant proteins
Animal proteins
Dietary fibers
Others
By Form
Dry
Liquid
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Finland
Spain
Germany
France
Italy
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
New Zealand
Rest Of Asia-Pacific
LAMEA
Brazil
South Africa,
Saudi Arabia
Rest Of LAMEA
Key Market Players
AMWAY CORPORATION
aor international
Archer Daniels Midland Company
Cargill, Incorporated
Danone
EID Parry India Ltd
General Mills, Inc.
Herbalife Ltd.
Innophos Holdings Inc
Matsun Nutrition
Mead Johnson
, Nestle S.A.
natrol, inc.
Royal DSM
valensa international
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