Nutraceutical Ingredients Market Size to grow by USD 9.1 billion between 2024-2028
According to a research report “ Nutraceutical Ingredients Market” by Application (Functional food and beverage, Dietary supplements, Others) Form Factor (Dry, Liquid) Geography (APAC, Europe, North America, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 9.1 billion, at a CAGR of 3.6% during the forecast period. In the business realm, nutraceutical ingredients refer to supplements and functional food components that offer extra health advantages beyond fundamental nutritional requirements. These ingredients boast a diverse range of properties, contributing significantly to human health in various ways. The global population's increasing health concerns and heightened awareness regarding food safety have fueled a substantial surge in demand for nutraceutical ingredients. These components play a crucial role in addressing prevalent health issues, such as cardiovascular diseases. For instance, antioxidants, dietary fiber, omega-3 fatty acids, vitamins, minerals, and polyphenols are among the nutraceutical ingredients that help prevent and control cardiovascular diseases by reducing inflammation, lowering cholesterol levels, and improving blood flow..
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By Application, the Functional food and beverage segment is projected to dominate the market size in 2024
In the realm of functional food and beverages, nutraceutical ingredients play a pivotal role. These components, derived from regular dietary sources, carry biologically active properties that boost health and mitigate disease risks. Functional foods and beverages, such as breakfast cereals, bread, health drinks, spreads, and milk, integrate minerals, vitamins, essential fatty acids, and dietary fiber as nutraceutical ingredients. Phytochemicals, antioxidants, probiotics, flavonoids, and other nutraceutical ingredients are increasingly utilized due to their distinct health benefits. These ingredients fortify functional food and beverage products, catering to the growing consumer demand for enhanced wellness.
By Form Factor, Dry segment is expected to hold the largest market size for the year 2024
In the nutraceutical industry, dry ingredients have gained significant traction due to their numerous advantages. These ingredients, which come in the form of powder, granules, or capsules, boast a longer shelf life and greater stability as a result of their low moisture content. The convenience of storage, transportation, and precise dosing further bolsters their popularity. Moreover, the increasing preference for convenient and user-friendly nutraceutical products, particularly those in powder and tablet forms, is driving this trend. The Asia Pacific (APAC) region, with emerging economies such as China and India, is projected to dominate the nutraceutical ingredients market owing to the burgeoning demand for nutraceuticals in this region.
APAC is forecasted to hold the largest market size by region in 2024
The Nutraceutical Ingredients Market represents a significant and growing business sector. Companies are increasingly turning to nutraceutical ingredients to differentiate their products and cater to health-conscious consumers. Key trends include the use of natural and organic ingredients, functional foods, and personalized nutrition. Market size is projected to expand at a robust CAGR, driven by rising health awareness and disposable income. Strategic partnerships, product innovation, and regulatory compliance are crucial for market success.
The Nutraceutical Ingredients Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Nutraceutical Industry has witnessed significant growth in recent years, driven by consumer health consciousness and the demand for functional benefits in various sectors including food, beverages, personal care products, and animal nutrition. Nutraceutical ingredients, such as probiotics, provide primary nutritional value and innovative solutions for digestive health, physical fitness benefits, and micronutrient shortages. Dietary supplements and fortified food products have gained popularity as preventive methods against lifestyle-related diseases. The market for dry nutraceutical ingredients, including probiotics, is expected to grow due to their long shelf life and ease of use. The Trust Transparency Center and advancements in technology, such as 3D printing, are driving innovation in the nutraceutical industry. Consumer behavior is shifting towards personalized nutrition and animal feed is being fortified with nutraceutical ingredients to improve animal health and productivity. Probiotics, a key nutraceutical ingredient, offers functional benefits for both humans and animals. The market for probiotics in animal nutrition is expected to grow due to the increasing demand for high-quality animal products and the need to improve animal health and productivity. Eating practices and lifestyle continue to influence the nutraceutical industry, with consumers seeking convenient and healthy options. The nutraceutical industry is poised for continued growth as consumers seek to improve their health and wellness through functional foods and dietary supplements.
Market Research Overview
The Nutraceutical Ingredients Market encompasses a wide range of organic and functional ingredients that offer various health benefits. These ingredients cater to diverse segments such as sports and energy, gastrointestinal tract improvement, metabolic stress reduction, and cholesterol reduction. Sportspeople and athletes often utilize nutraceutical ingredients for enhanced physical fitness benefits. Functional beverages and digestive health supplements are popular nutraceutical ingredient products, addressing common issues like indigestion, bloating, and constipation. The average consumer seeks preventive healthcare measures against lifestyle-related diseases, including cardiovascular diseases, which account for a significant portion of healthcare costs and even death. The World Health Organization emphasizes the importance of preventive healthcare solutions, and the nutraceutical industry responds with innovative products. Probiotics, for instance, are increasingly popular for gut health enhancement. Dry nutraceutical ingredients, such as 3D-printed supplements, offer convenience and precision. Consumer behavior is influenced by health consciousness, with an increasing preference for fortified food products and micronutrient-rich ingredients. The nutraceutical industry also extends to animal nutrition and food, providing primary nutritional value and functional benefits. Trust Transparency Center ensures product safety and quality, while innovation continues to drive the market forward, addressing various health concerns and improving overall well-being.
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