Nutraceutical Ingredients Market Size Report, 2022-2030
The global nutraceutical ingredients market was valued at US$ 170.2 billion in 2021 and expected to reach US$ 249.7 billion by 2027, with at a compound annual growth rate (CAGR) of 10.3% during the forecast period 2022 to 2030..
Growth Factors:
The global nutraceutical ingredients market is expected to grow at a significant rate owing to the increasing consumer demand for nutraceutical products such as probiotics, prebiotics, and vitamins. Nutraceuticals ingredients are extracted from animal, plant, microbial and help in providing extra nutritional value to food products. They are gluten-free and do not contain artificial colors and flavors, which makes them a healthy alternative to conventional products.
The demand for natural nutraceutical ingredients such as cranberry, garlic, ginkgo biloba, and ginseng extracts; glucosamine; and chondroitin has increased with the rising popularity of homeopathic remedies, preventive medicines, and self-treatment. Along with traditional ingredients such as vitamins, minerals, and proteins, companies have started including some new ingredients in nutraceutical products such as plant sterols, polyphenols, probiotics, and fatty acids.
The demand for these products is likely to grow as they can help in curing baldness, aging, obesity, and diabetes. For instance, the brand Ojamin, a fruit and herb sugar-free tonic, was developed through modern scientific research and herbs to aid diabetic patients. Functional foods are used in households and restaurants directly or indirectly on a daily basis. For instance, in restaurants, the use of cranberry beads in desserts or cocktails in the process of spherification is only possible with the help of nutraceutical ingredients.
Working-class individuals miss out too many nutritional benefits owing to their busy lifestyles, which can be solved by nutraceutical products. They are easy to carry and can be consumed on the go, thereby offering a suitable match for the demands of the working class. Nutraceutical product companies use online retail stores as a mode of distribution owing to the convenience factor. Ease of product availability through online retail platforms is expected to propel the demand for nutraceutical products, thereby positively impacting the nutraceutical ingredients market growth.
Report Scope of the Nutraceutical Ingredients Market
|
Report Highlights |
Details |
|
Market Size |
USD 249.7 Billion by 2030 |
|
Growth Rate |
CAGR of 10.3% from 2022 to 2030 |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Type, Application, Health Benefits, Form, Region |
|
Companies Mentioned |
GlaxoSmithKline, Kraft Heinz Company, Abbott, Kellogg’s, Danone, Cargill Inc., Amway,Nestle, Archer Daniels Midland, DSM, BASF, PepsiCo, General Mills, Aker Biomarine, Procter & Gamble, Johnson & Johnson |
The phenomena of pill fatigue have become common in kids and adults, which can be cured through the consumption of nutraceutical products. The manufacturers are continuously engaged in innovation to come up with nutraceutical products that have different flavors, providing enhanced nutritional value to their target customers. Many nutraceutical ingredient companies fix their products” prices according to the number of ingredients it contains. High R&D costs associated with product innovation act as a barrier to the industry players.
The industry faces challenges in emerging economies owing to the lack of consumer awareness. However, the players are rigorously investing in advertising to overcome this challenge. The industry is also facing the problem of counterfeit products which hamper the reputation of a brand and reduces the customer base of the company, thereby impacting the industry performance.
Type Insights
Probiotics, proteins and amino acids, phytochemical & plant extracts, fibre & specialty carbohydrates, omega 3 fatty acids, vitamins, prebiotics, carotenoids, minerals and others have been segmented into the global market by form. During the forecast period, the probiotic segment is expected to be the largest segment. Probiotic ingredients have had beneficial effects on overall human health and are becoming one of the primary ingredients for different applications of health & nutrition. There is a broad variety of probiotic-based applications in the segment of functional food, functional beverages, dietary supplements, and animal nutrition.
Application Insights
The demand for nutraceutical ingredients has been segmented into food , drinks, personal care, animal nutrition and dietary supplements by application.
During the forecast period, by application, the dietary supplement segment is projected to be the fastest-growing. Dietary supplements have general health benefits such as improved gut microflora equilibrium, improved intestinal functions such as bulking and regularity, increased absorption of calcium, and improved bone density growth, improved immune function, decreased release of toxins that can contribute to fatty liver and other diseases, decreased risk of cardiovascular disease, blood sugar regulation, potential reduction of the risk of obesity and metabolic syndrome, and improved stomach pain, bloating, and constipation.
Form Insights
The market is segmented into dry and liquid on the basis of shape. Vitamins, amino acids, prebiotic & probiotic premixes, vitamins, and certain minerals such as zinc and folic acid are a variety of nutraceutical ingredients used in the dry form. Such ingredients are derived from many sources in dry form. For example, from the acerola plant, protein powder, and hemp plant fibre and amino acid , vitamin C is extracted. As the market for dietary supplements and functional foods in dry form is growing, manufacturing companies are selling products in dry form, either in capsule form or compressed into tablets.
Regional Insights
Owing to rise in anti-aging properties, the rising demand for nutraceutical products has led North America to become a prominent region in the industry.
Due to the involvement of major pharmaceuticals and food & beverage producers, the Asia Pacific has seen substantial growth in the past few years. Growing consumer spending on health and wellness goods is likely to be a key factor driving the growth of industry in economies such as the Middle East & Africa and Asia Pacific due to changing lifestyles and increasing disposable income.
Some of the prominent players in the Nutraceutical Ingredients Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Type
By Application
By Health Benefits
By Form
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Nutraceutical Ingredients Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Nutraceutical Ingredients Market, By Product
7.1. Nutraceutical Ingredients Market, by Product Type, 2022-2030
7.1.1. Probiotic
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Proteins and amino acids
7.1.2.1. Market Revenue and Forecast (2016-2030)
7.1.3. Phytochemical & plant extracts
7.1.3.1. Market Revenue and Forecast (2016-2030)
7.1.4. Fibers & specialty carbohydrates
7.1.4.1. Market Revenue and Forecast (2016-2030)
7.1.5. Omega 3 fatty acids
7.1.5.1. Market Revenue and Forecast (2016-2030)
7.1.6. Vitamins
7.1.6.1. Market Revenue and Forecast (2016-2030)
7.1.7. Prebiotic
7.1.7.1. Market Revenue and Forecast (2016-2030)
7.1.8. Carotenoids
7.1.8.1. Market Revenue and Forecast (2016-2030)
7.1.9. Minerals
7.1.9.1. Market Revenue and Forecast (2016-2030)
7.1.10. Others
7.1.10.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Nutraceutical Ingredients Market, By Application
8.1. Nutraceutical Ingredients Market, by Application, 2022-2030
8.1.1. Food
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Beverages
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Personal care
8.1.3.1. Market Revenue and Forecast (2016-2030)
8.1.4. Animal nutrition
8.1.4.1. Market Revenue and Forecast (2016-2030)
8.1.5. Dietary supplements
8.1.5.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Nutraceutical Ingredients Market, By Health Benefits
9.1. Nutraceutical Ingredients Market, by Health Benefits, 2022-2030
9.1.1. Cognitive health
9.1.1.1. Market Revenue and Forecast (2016-2030)
9.1.2. Gut health
9.1.2.1. Market Revenue and Forecast (2016-2030)
9.1.3. Heart health
9.1.3.1. Market Revenue and Forecast (2016-2030)
9.1.4. Bone health
9.1.4.1. Market Revenue and Forecast (2016-2030)
9.1.5. Immunity
9.1.5.1. Market Revenue and Forecast (2016-2030)
9.1.6. Nutrition
9.1.6.1. Market Revenue and Forecast (2016-2030)
9.1.7. Weigh management
9.1.7.1. Market Revenue and Forecast (2016-2030)
9.1.8. Others
9.1.8.1. Market Revenue and Forecast (2016-2030)
Chapter 10. Global Nutraceutical Ingredients Market, By Form
10.1. Nutraceutical Ingredients Market, by Form, 2022-2030
10.1.1. Dry
10.1.1.1. Market Revenue and Forecast (2016-2030)
10.1.2. Liquid
10.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 11. Global Nutraceutical Ingredients Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2016-2030)
11.1.2. Market Revenue and Forecast, by Application (2016-2030)
11.1.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.1.4. Market Revenue and Forecast, by Form (2016-2030)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Product (2016-2030)
11.1.5.2. Market Revenue and Forecast, by Application (2016-2030)
11.1.5.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.1.5.4. Market Revenue and Forecast, by Form (2016-2030)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Product (2016-2030)
11.1.6.2. Market Revenue and Forecast, by Application (2016-2030)
11.1.6.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.1.6.4. Market Revenue and Forecast, by Form (2016-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2016-2030)
11.2.2. Market Revenue and Forecast, by Application (2016-2030)
11.2.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.2.4. Market Revenue and Forecast, by Form (2016-2030)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Product (2016-2030)
11.2.5.2. Market Revenue and Forecast, by Application (2016-2030)
11.2.5.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.2.5.4. Market Revenue and Forecast, by Form (2016-2030)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Product (2016-2030)
11.2.6.2. Market Revenue and Forecast, by Application (2016-2030)
11.2.6.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.2.6.4. Market Revenue and Forecast, by Form (2016-2030)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Product (2016-2030)
11.2.7.2. Market Revenue and Forecast, by Application (2016-2030)
11.2.7.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.2.7.4. Market Revenue and Forecast, by Form (2016-2030)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Product (2016-2030)
11.2.8.2. Market Revenue and Forecast, by Application (2016-2030)
11.2.8.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.2.8.4. Market Revenue and Forecast, by Form (2016-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2016-2030)
11.3.2. Market Revenue and Forecast, by Application (2016-2030)
11.3.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.3.4. Market Revenue and Forecast, by Form (2016-2030)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Product (2016-2030)
11.3.5.2. Market Revenue and Forecast, by Application (2016-2030)
11.3.5.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.3.5.4. Market Revenue and Forecast, by Form (2016-2030)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Product (2016-2030)
11.3.6.2. Market Revenue and Forecast, by Application (2016-2030)
11.3.6.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.3.6.4. Market Revenue and Forecast, by Form (2016-2030)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Product (2016-2030)
11.3.7.2. Market Revenue and Forecast, by Application (2016-2030)
11.3.7.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.3.7.4. Market Revenue and Forecast, by Form (2016-2030)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Product (2016-2030)
11.3.8.2. Market Revenue and Forecast, by Application (2016-2030)
11.3.8.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.3.8.4. Market Revenue and Forecast, by Form (2016-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2016-2030)
11.4.2. Market Revenue and Forecast, by Application (2016-2030)
11.4.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.4.4. Market Revenue and Forecast, by Form (2016-2030)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Product (2016-2030)
11.4.5.2. Market Revenue and Forecast, by Application (2016-2030)
11.4.5.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.4.5.4. Market Revenue and Forecast, by Form (2016-2030)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Product (2016-2030)
11.4.6.2. Market Revenue and Forecast, by Application (2016-2030)
11.4.6.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.4.6.4. Market Revenue and Forecast, by Form (2016-2030)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Product (2016-2030)
11.4.7.2. Market Revenue and Forecast, by Application (2016-2030)
11.4.7.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.4.7.4. Market Revenue and Forecast, by Form (2016-2030)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Product (2016-2030)
11.4.8.2. Market Revenue and Forecast, by Application (2016-2030)
11.4.8.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.4.8.4. Market Revenue and Forecast, by Form (2016-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2016-2030)
11.5.2. Market Revenue and Forecast, by Application (2016-2030)
11.5.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.5.4. Market Revenue and Forecast, by Form (2016-2030)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Product (2016-2030)
11.5.5.2. Market Revenue and Forecast, by Application (2016-2030)
11.5.5.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.5.5.4. Market Revenue and Forecast, by Form (2016-2030)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Product (2016-2030)
11.5.6.2. Market Revenue and Forecast, by Application (2016-2030)
11.5.6.3. Market Revenue and Forecast, by Health Benefits (2016-2030)
11.5.6.4. Market Revenue and Forecast, by Form (2016-2030)
Chapter 12. Company Profiles
12.1. Kraft Heinz Company
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. GlaxoSmithKline
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Amway
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Abbott
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Kellogg’s
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Danone
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Cargill Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nestle
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Archer Daniels Midland
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. DSM
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. BASF
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. General Mills
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Aker Biomarine
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. Procter & Gamble
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Johnson & Johnson
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers