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Nutraceutical Ingredients Market Analysis

  • Report ID: GMI2223
  • Published Date: Apr 2023
  • Report Format: PDF

Nutraceutical Ingredients Market Analysis

Nutraceutical Ingredients Market Size, By Product, 2021 - 2032 (USD Million)

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The protein ingredients market is anticipated to expand at 8% CAGR between 2023 and 2032, attributed to rapid adoption of an active lifestyle and increasing health consciousness Several product variants, such as pea proteins, are rich in all essential amino acids required for the growth of body tissues, muscles, hormones, and DNA/RNA and boost the proper function of the immune system. Therefore, protein supplements are finding widespread usage in nutritional food and drinks.
 

The dry-form segment of the nutraceutical ingredients market is predicted to reach USD 74.9 billion by 2032, owing to its longer shelf and improved culture stability. These products are used to a greater extent in nutraceutical ingredients as they incur low transportation & storage costs.
 

Dry form of products is easy to encapsulate as compared to liquid form. In dietary supplements, nutraceuticals are offered in powder, capsule, and tablet forms. Tablets & capsules have a long shelf life & stability and are cost-effective.
 

Nutraceutical Ingredients Market Revenue Share (%), By Application, (2023)

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The nutraceutical ingredients market from functional food applications segment is poised to exceed 35.2 billion by 2032. The accelerating consumer shift toward nutrition-rich food products due to an increased cognizance of the benefits of consuming contents and ingredients with positive health impacts will accentuate the demand for functional foods. Besides, changing dietary regimens and increasing self-health awareness will further spur the market expansion.
 

Functional foods provide various health benefits apart from basic nutrition. They not only reduce the healthcare cost but also prevent diseases by enhancing the overall health. Omega-3 as a functional food ingredient minimizes the risk of coronary heart disease, maintains mental function, and eye health. The rising consumer awareness toward health and diet has increased the demand for functional foods.
 

North America Food Flavors & Enhancers Market Size, 2021 - 2032 (USD Million)

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North America nutraceutical ingredients market is foreseen to cross USD 38 billion by 2032, depicting over 8% CAGR during the forecast period. The high consumption of dietary supplements worldwide, new product launches, and well-established nutraceutical industry are augmenting the industry size. The rising prevalence of micronutrient deficiency due to improper diets is propelling the demand for functional products & supplements.
 

Due to the rising health-consciousness, the demand for nutritious products is also increasing among women, millennials, and baby boomers. The increasing healthcare costs and rising prevalence of chronic diseases are fueling industry growth. However, as nutraceutical ingredients are utilized in animal feed to boost production, there is a significant demand for them in North America.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of nutraceutical ingredients was worth over USD 50.2 billion in 2023, given the accentuating demand for food products with rich nutritional composition and added health benefits.

The dry-form nutraceutical ingredients industry size is estimated to cross USD 74.9 billion by 2032, attributed to the easy manufacturing and low storage, shipping, and transportation costs associated with dry ingredients.

The functional food applications is expected to amass more than USD 35.2 billion in revenues by 2032, owing to the changing dietary preferences and growing consumer inclination toward nutritional foods and drinks.

BASF SE, ADM, Ingredion, DSM NV, Cargill, Tate & Lyle, Ajinomoto, Roquette Freres, Arla Food Ingredients, Divis Laboratories, Cosucra Groupe Warcoing SA, Prinova Group, LLC, Ambe Phytoextracts Pvt Ltd, Nutraland USA, Nutra Food Ingredients are some notable players operating in the market.

Nutraceutical Ingredients Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 23
  • Tables & Figures: 1554
  • Countries covered: 22
  • Pages: 308
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