The nutraceutical ingredients market is emerging with the growing life expectancy and health consciousness among consumers. However, the high cost involved in R&D activities is restraining the growth of the market. Continuous development in countries such as Brazil, India, and China is paving new opportunities for the nutraceutical ingredients market.
The nutraceutical ingredients market is segmented on the basis of types into prebiotics, probiotics, proteins & amino acids, vitamins, minerals, Omega-3 fatty acids, phytochemicals & plant extracts, fibers & specialty carbohydrates, carotenoids, and others. Fibers & specialty carbohydrates are the most widely used nutraceutical ingredients, followed by vitamins. The market is segmented on the basis of applications into functional food, functional beverages, dietary supplements, animal nutrition, and personal care. The market is segmented on the basis of health benefits such as gut health, bone health, heart health, immunity, nutrition, and weight management. The market is also segmented on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); and has been further segmented on the basis of their key countries.
Both “bottom-up” and “top-down” approaches were used to arrive at the market sizes and obtain the market forecast numbers. Extensive secondary research was conducted to understand the market insights and trends, which were further validated through primary interviews.
The nutraceutical ingredients market, in terms of value, is projected to reach about USD 38.7billion by 2020, at a CAGR of about 7.2% from 2015 to 2020. In 2014, the global consumption of nutraceutical ingredients stood at 1.76 KT, and is projected to grow at a CAGR of about 7% from 2015 to 2020.It is projected to grow as a result of new products being launched in different applications and companies expanding their footprint in new regions. The Asia-Pacific region dominated the nutraceutical ingredients market in 2014.
The report provides both, qualitative and quantitative analyses of the market for nutraceutical ingredients. It includes the market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the nutraceutical ingredients market, and restraints of the market. The report also studies the opportunities in the market for new entrants.
To maintain a competitive edge in the nutraceutical ingredients market, the key players invest heavily in the expansions& investments and acquiring other related companies. Leading players such as Koninklijke DSM N.V. (The Netherlands), E.I. du Pont de Nemours & Company (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.),and Associated British Food plc(U.K.) have been profiled in the report.
Scope of the Report
The research study categorizes the market on the basis of types, applications, health benefits, and regions.
Nutraceutical Ingredients Market
On the basis of type, the market was sub-segmented as follows:
- Protein &amino acids
- Omega-3 fatty acids
- Fibers & specialty carbohydrates
- Phytochemical plant extracts
On the basis of application, the market was sub-segmented as follows:
- Functional food
- Functional beverages
- Dietary supplements
- Animal nutrition
- Personal care
On the basis of health benefit, the market was sub-segmented as follows:
- Gut health
- Bone health
- Heart health
- Weight Management
On the basis of region, the market was sub-segmented as follows:
- North America
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.
The following customization options are available for the report:
- ?Product matrix, which gives a detailed comparison of the product portfolio of each company
- Detailed analysis and profiling of additional market players (Up to 5)