“Nutraceutical ingredients market is projected to grow at a CAGR of7.5%”
The nutraceutical ingredients market, estimated at USD 29.48 billion in 2016, is projected to grow at a CAGR of 7.5%, to reach USD 45.58 billion by 2022. This market is emerging with the growing life expectancy and health consciousness among consumers. It is primarily driven by factors such as increased incidences of chronic diseases and widening applications of nutraceutical ingredients. However, the high cost involved in R&D activities is restraining the growth of the market. Continuous developments in emerging markets such as Brazil, India, and China is paving new opportunities for the nutraceutical ingredients market.
“Phytochemical & plant extracts segment is projected to grow at the fastest CAGR”
On the basis of type, the nutraceutical ingredients market was led by the phytochemical & plant extracts segment, followed by prebiotics and probiotics, respectively. There has been global awareness with regard to the side-effects of chemical ingredients utilized in food & beverage processing. Hence, consumers demand nutraceuticals that utilize natural ingredients. This trend has resulted in a tremendous demand for phytochemical & plant extract ingredients in the nutraceutical ingredients industry.
“Dietary supplements segment projected to be the fastest growing market, during the forecast period“
The dietary supplement segment is projected to be the fastest growing segment, during the forecast period, owing to the increase in incidences of chronic diseases, rise in ageing populations, and growth in trend of health & wellness.
“Asia Pacific: High growth projected in the nutraceutical ingredients market”
Asia-Pacific is projected to be the fastest-growing market for the forecast period considered for this study, due to the high adoption rate of nutraceutical ingredients in food & beverage processing. India and China are expected to lead the market for nutraceutical ingredients in the Asia-Pacific region for the next five years, as a result of the expansions and establishments of nutraceutical manufacturers, to cater to the needs of the food & beverage processing industry.
Leading players profiled in this report:
- Cargill (U.S.)
- E. I. du Pont de Nemours and Company (U.S.)
- BASF SE (Germany)
- Archer Daniels Midland Company (U.S)
- Associated British Foods plc (U.K)
- Koninklijke DSM N.V. (Netherlands)
- Ingredion Incorporated (U.S)
- Ajinomoto Co., Inc. (Japan)
- Arla Foods (Denmark)
- Tate & Lyle PLC (U.K)
The report segments the nutraceutical ingredients market on the basis of type, applications, form, health benefits, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global nutraceutical ingredients market, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.
Reasons to buy this report:
- To get a comprehensive overview of the nutraceutical ingredients market
- To gain wide ranging information about the top players in this industry, their service portfolios and key strategies adopted by them
- To gain insights about the major countries/regions in which the nutraceutical ingredients market is flourishing