Nutraceutical Ingredients Market Size, Share By Type (Probiotic, Proteins and amino acids, Phytochemical & plant extracts and Others); By Application (Food, Beverages, Personal care, Animal nutrition, ietary supplements); By Health Benefits (Cognitive health, Gut health, Heart health, Bone health); By Form (Dry, liquid) - Global Industry Analysis, Trends, Segment Forecasts, Regional Outlook 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:

  • Kraft Heinz Company
  • GlaxoSmithKline
  • Amway
  • Abbott
  • Kellogg’s
  • Danone
  • Cargill Inc.,
  • Nestle
  • Archer Daniels Midland
  • DSM
  • BASF
  • PepsiCo
  • General Mills
  • Aker Biomarine
  • Procter & Gamble
  • Johnson & Johnson

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

  • Probiotic 
  • Proteins and amino acids
  • Phytochemical & plant extracts
  • Fibers & specialty carbohydrates
  • Omega 3 fatty acids
  • Vitamins
  • Prebiotic
  • Carotenoids
  • Minerals
  • Others

By Application

  • Food
  • Beverages
  • Personal care
  • Animal nutrition
  • Dietary supplements

By Health Benefits

  • Cognitive health
  • Gut health
  • Heart health
  • Bone health
  • Immunity
  • Nutrition
  • Weigh management
  • Others

By Form

  • Dry
  • liquid

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Points Covered in Nutraceutical Ingredients Market Study:

  • Growth of Nutraceutical Ingredients in 2022
  • Market Estimates and Forecasts (2017-2030)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Nutraceutical Ingredients and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Nutraceutical Ingredients Consumption Analysis
  •  Nutraceutical Ingredients Production Analysis
  •  Nutraceutical Ingredients and Management