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Nutraceutical Ingredients Market

Published Date : Jun 2024 | Forecast Year : 2019

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Nutraceutical Ingredients Market size, share & trends covers analysis By Product Type (Whey Protein and Casein Protein, Prebiotics, Vitamin & Minerals, Colostrum, Nucleotides), by application (Functional Food, Infant Formula & Clinical Nutrition, Dairy Products, Bakery & Confectionaries, Personal Care) Growth, demand, Regional Outlook, and Forecast 2024-2032

Report ID: AG342

Published : Jun 2024

Pages : 156

Category : Pharma & Healthcare

Format : Nutraceutical Ingredients Market

REPORT ATTRIBUTEDETAILS
MARKET SIZE (2032)USD 83.54 Billion
MARKET SIZE (2024)USD 47.35 Billion
CAGR (2023-2029)7.35%
HISTORIC YEAR2019
BASE YEAR2023
FORECAST YEAR2032
BY TYPEWhey Protein
Casein Protein
Prebiotics
Vitamin & Minerals
Colostrum
Nucleotides
BY APPLICATIONFunctional Food
Infant Formula & Clinical Nutrition
Dairy Products
Bakery & Confectionaries
Personal Care
GEOGRAPHIC ANALYSISNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa
KEY PLAYERSCargill, Sigma-Aldrich, Associated British Foods PLC, Arla Foods, DSM, Omega Protein Corporation, Ajinomoto Co., Tate & Lyle, DuPont, Archer Daniels Midland Company, Ingredion, Incorporated, BASF SE.

Introduction:

Welcome to the vibrant and dynamic world of the nutritional ingredients market, where science, innovation and consumer wellness intersect and redefine the way we approach health and nutrition. In this blog, we travel through the diverse and evolving landscape of nutritional ingredients, exploring their origins, applications and transformative impact on the global food, beverage and supplement industry. Nutrient ingredients, often derived from natural sources such as plants, herbs and marine organisms, are bioactive compounds known for their potential health benefits and therapeutic properties. From vitamins, minerals and antioxidants to probiotics, prebiotics and omega-3 fatty acids, these ingredients offer a wide range of functional and nutritional benefits that support overall health, well-being and longevity.

Nutraceutical Ingredients Market

Size, by Product, - (USD Billion)

Whey Protein

Casein Protein

Prebiotics

Vitamin & Minerals

Other Products

18 16 14 12 10 8 6 4 2 0

The Market will Grow

At the CAGR of:

7.35%

The Forecast Market

Size for in USD:

$83.54 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Global Nutraceutical Ingredients Market Size was estimated at USD 47.35 Billion in 2024 and is projected to reach USD 83.54 Billion by 2032, exhibiting a CAGR of 7.35% during the forecast period (2024-2032)

Consumer interest and demand for nutritional ingredients has increased in recent years due to growing awareness of the importance of nutrition in preventing chronic diseases, optimizing health outcomes and improving quality of life. As people increasingly seek proactive solutions to their health concerns and wellness goals, the nutritional supplements market has seen unprecedented growth and innovation. In this nutritional market study, we explore the various applications of these ingredients in various product categories, including dietary supplements, functional foods, fortified beverages, and personal care products. We explore the science behind their efficacy, safety and bioavailability, as well as the regulatory frameworks for their use and labeling. Delving into the complexities and possibilities of the nutritional market, one thing is clear: the transformative potential of these ingredients to enable people to take control of their health and well-being. Whether it's supplements that fill nutritional gaps, functional foods that deliver targeted health benefits, or beauty products that nourish from the inside out, nutraceuticals offer a holistic approach to wellness that resonates with consumers around the world.

Market Overview:

The report provides insight into the lucrative opportunities in the dairy and food market at the country level. The report also includes precise costs, segments, trends, regions and business development of key players during the forecast period. Dairy Nutrition and Nutritional Ingredients market report represents the collected information about the industry or the market of different industries. The Dairy Foods and Nutrients market report contains both quantitative and qualitative data analysis and the forecast period of the report extends from 2023 to 2030. The report is prepared by considering various factors such as product price, product or service distribution both at country and regional level, country GDP, market dynamics of parent market and sub market, end application industry, key players, consumer buying behavior, economic, political and social scenarios of countries and much more. The report is divided into various segments to provide a detailed analysis of the market from all possible aspects. 

The overall report focuses on key sections such as – market segments, market outlook, competitive landscape and company profiles. Segments provide details on various aspects such as end-use industry, product or service types, and any other relevant segmentation as per the current market scenario, which includes various aspects to carry out downstream marketing activities. The market outlook section includes a detailed analysis of market developments, growth drivers, restraints, opportunities and challenges, Porter's 5 Force framework, macroeconomic analysis, value chain analysis and pricing analysis that directly affect the market currently and during the forecast period. Drivers and constraints include the internal factors of the market, while opportunities and challenges are the external factors that affect the market. The market outlook section also provides references to trends affecting the development of new companies and investment opportunities.

Market Trends:

Personalized nutrition: As technology advances and consumers become aware of their health requirements, interest in personalized nutrition is growing. Nutritional components designed to target specific demographic profiles, health concerns and genetic predispositions are becoming increasingly popular, allowing customers to tailor their diets to improve health outcomes.

Plant-based and vegan ingredients: The popularity of plant-based diets and vegan lifestyles is increasing the demand for plant-based nutritional ingredients. Plant-based proteins, plant extracts and herbal supplements are becoming increasingly popular among consumers looking for environmentally-friendly and cruelty-free alternatives to traditional animal products.

Focus on preventive healthcare: Preventive healthcare is becoming a growing trend as consumers turn to nutritional supplements to treat chronic conditions or improve overall health. This trend is expected to increase demand for substances with specific health benefits such as immune protection, digestive health and cognitive function.

Immune Health and Wellness: The COVID-19 epidemic has increased awareness of immunological health and wellness, leading to increased demand for foods that support immune function and overall health. People look to ingredients like vitamin C, vitamin D, zinc, elderberry and medicinal mushrooms to boost their immune systems.

Market Driving Factors:

  • Growing Health Awareness
  • Aging Population
  • Lifestyle-related Health Conditions
  • Preference for Natural and Organic Products
  • Technological Advancements
  • Personalization and Customization
  • Regulatory Support and Consumer Education

    Nutraceutical Ingredients Market

    Share, by end user, (USD Billion)

    Analytica Global 47.35 Billion %

    Functional Food

    Infant Formula & Clinical Nutrition

    Dairy Products

    Bakery & Confectionaries

    Other End-Users

    b0d51e3055fd6f23ff6a384a6e091406.svg

    83.54 Billion

    Total Market Size

    USD (Billion),

    7.35%

    CAGR

    -

Market Restraining Factors:

Regulatory Challenges: Strict regulations and evolving regulations present challenges to companies operating in the food market. Complying with complex and different regulatory standards in different regions can be costly and time-consuming, preventing some companies from entering the market and expanding. In addition, uncertainty surrounding health claims, labeling requirements and ingredient safety evaluations can hinder innovation and product development.

Safety and Quality Control: Safety and quality control problems can undermine consumer confidence in foods and products. Contamination, failure, and mislabeling of ingredients can lead to product recalls, legal liability, and corporate reputational damage. Ensuring product safety, purity and efficacy through robust quality control measures, ingredient testing and supply chain transparency is essential to maintaining consumer trust and market credibility.

Market Fragmentation and Competition: The nutraceutical market is highly fragmented with several players competing for market share across product categories and applications. Intense competition from established players as well as new entrants and private brands can cause price pressure and margin erosion for companies. Market fragmentation can also lead to commoditization of certain ingredients and limited opportunities for differentiation, challenging companies to stand out in a crowded market.

Consumer skepticism and misinformation: Consumer skepticism and misinformation about nutritional ingredients and their effectiveness can weaken demand and market adoption of products. Conflicting scientific evidence, sensational media and misleading marketing claims can sow doubt and confusion among consumers, leading to skepticism about the benefits of nutrients. Building consumer trust through transparent communication, evidence-based marketing and sound research is critical to overcoming skepticism and promoting acceptance of nutritional products.

Key Market Opportunities:

  • Expansion of Functional Foods and Beverages
  • Personalized Nutrition Solutions
  • Beauty and Skincare Products
  • Sports Nutrition and Performance Supplements
  • Healthy Aging Solutions
  • Plant-Based and Sustainable Ingredients
  • E-commerce and Direct-to-Consumer Channels

Porter’s Analysis

Porter's five forces framework provides a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. This section evaluates the different external factors that will impact competitive position over the coming years. This will be analyzed through 5 main factors such as:

  • Competitive Rivalry
  • Threat of New Entry
  • Threat of Substitution
  • Supplier Bargaining Power
  • Buyer Bargaining Power

Value Chain Analysis

Value chain allows businesses to observe their activities and find competitive opportunities. This section provides the analysis from suppliers to end consumers through manufacturers and intermediaries of a specific commodity or service. This will help the company's business activities to see how the company can create a competitive advantage for itself.

Pricing Analysis

This section provides an analysis on historical and projected pricing trends of the product which helps in determining the product's price and/or services beneficial for companies product lifecycle. This section includes qualitative as well as graphical analysis of price strategy which helps both businesses and consumers to evaluate goods.

Nutraceutical Ingredients Market

Size, by Product, - (USD Billion)

NORTH AMERICA $ 21

The Market will Grow

At the CAGR of:

7.35%

The Forecast Market

Size for in USD:

$83.54 Billion B

b0d51e3055fd6f23ff6a384a6e091406.svg

Key Players:

  • Cargill
  • Sigma-Aldrich
  • Associated British Foods PLC
  • Arla Foods
  • DSM
  • Omega Protein Corporation
  • Ajinomoto Co.
  • Tate & Lyle
  • DuPont
  • Archer Daniels Midland Company
  • Ingredion
  • Incorporated
  • BASF SE

Recent Development:

Cargill has launched its 15th annual Aqua Nutrition Sustainability Report that highlights its continuous progress in making a positive impact from the centre of the aquaculture value chain.

A leading science and technology company, today announced the completion of its $ 17 billion acquisition of Sigma-Aldrich, creating one of the leaders in the $ 130 billion global industry to help solve the toughest problems in life science.

Associated British Foods PLC has delivered a strong first half performance and is on track to deliver significant growth in both profitability and cash generation ahead of expectations at the start of this financial year.

Research Methodology

The qualitative and quantitative data of the Dairy Nutritional and Nutraceutical Ingredients Market is prepared through various research considerations such as subject matter expert advice, primary and secondary research. Primary research leverages valuable information from face-to-face and/or telephonic interviews and surveys, questionnaires, industry expert opinion, KOLs, customers, and others. Primary interviews are conducted regularly with industry experts to create in-depth expert information on the market and to substantiate the existing analysis of the data.

Secondary research done by Verified Market Reports research team through various sources such as

  • Company websites, annual reports, financial reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent, and regulatory databases
  • National government documents, statistical databases, and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market
  • Paid database

Market Segmentation:

By Type

  • Whey Protein and Casein Protein
  • Prebiotics
  • Vitamin & Minerals
  • Colostrum
  • Nucleotides

By Application

  • Functional Food
  • Infant Formula & Clinical Nutrition
  • Dairy Products
  • Bakery & Confectionaries
  • Personal Care

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

    Nutraceutical Ingredients Market TO (USD BN)

    Nutraceutical Ingredients Market

    CAGR OF

    7.35%

    Nutraceutical Ingredients Market

    b0d51e3055fd6f23ff6a384a6e091406.svg
    Analytica Global 83.54 Billion %

Stakeholders in the Nutraceutical Ingredients Market can include:

  • Ingredient Suppliers
  • Manufacturers
  • Regulatory Authorities
  • Healthcare Professionals
  • Consumers
  • Research Institutions
  • Trade Associations and Industry Organizations
  • Retailers

Conclusion:

In short, it can be said that the food market represents a dynamic and rapidly developing sector in the wider field of the food and beverage industry. By researching this market, we delved into the multifaceted world of nutritional ingredients and discovered their diverse applications, growing popularity and profound impact on consumer health and well-being. From vitamins, minerals and amino acids to plant extracts, probiotics and omega-3 fatty acids, nutritional ingredients offer many potential benefits for people looking to improve their overall well-being and vitality. As consumers become increasingly active in managing their health through diet and supplementation, the demand for nutritional supplements continues to grow, driving innovation and market growth. We have seen the emergence of major market trends such as the rise of lifestyle health conditions, an increasing focus on preventative healthcare and the growing demand for natural, organic and herbal ingredients. These trends reflect changing consumer preferences, demographic shifts and evolving health paradigms that are shaping the food market landscape. Examining the complexities and possibilities of the nutraceutical market, one thing is clear: the profound impact these ingredients have on human health, well-being and quality of life. Whether they are dietary supplements, functional foods or fortified beverages, nutritional ingredients play an important role in supporting overall health, correcting nutritional deficiencies and preventing disease.

Nutraceutical Ingredients Market - Global Outlook & Forecast 2024-2029

Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global
Analytica Global

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