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Nutraceutical Ingredients Market Size - By Product (Probiotics, Prebiotics, Vitamins, Amino Acids, Carotenoids, Phytochemicals & Plant Extracts, Protein, EPA/DHA, Minerals, and Fiber & Carbohydrates), Form, Application & Forecast, 2024 - 2032

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

Nutraceutical Ingredients Market Size

Nutraceutical Ingredients Market was valued at USD 50.2 billion in 2023 and is predicted to showcase around 5.5% CAGR from 2024 to 2032.

The market growth is due to the expanding geriatric and obese population across the globe. The growing preference for balanced diets on account of the higher prevalence of chronic diseases and the surge in concerns pertaining to longer life spans are also some promising drivers accelerating the market penetration.
 

Nutraceutical Ingredients Market

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The rising consumer awareness regarding healthy diet consumption has led to an increase in food & food ingredients demand, thereby driving the nutraceutical ingredients market size. Food products that meet the growing consumer expectations of a healthy lifestyle have gained tremendous popularity over recent years, especially during the COVID-19 crisis. As health and nutrition continue to be the top priority among pandemic-weary consumers, the demand for functional food items is only expected to advance in the foreseeable future.
 

The substantial growth of a fiber-rich diet coupled with high nutritional supplement consumption is boosting the industry growth. The increasing prevalence of lifestyle diseases, gastrointestinal diseases, and increased personal care expenditure will induce the need for dietetic nutrition. Furthermore, shifting consumer perception toward dietary products along with the benefits such as control of cholesterol levels & blood sugar and improved bowel health is set to surface lucrative opportunities for the nutraceutical ingredients market.
 

The increasing consumer consciousness toward therapeutic products has led to the incorporation of probiotic cultures in various food products. The increasing product usage in food applications including yogurt-type drinks, berry soups, fruit juices, and cereal & soy-based fermented products will stimulate the human probiotic ingredients market. The rising consumption of dietary supplements including probiotics with beneficial effects on chronic diseases and the immune system will fuel the nutraceutical ingredients market outlook.
 

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.
 

Nutraceutical Ingredients Market Share

Major companies operating in the nutraceutical ingredients market are:

  • 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
  • Aurobindo Pharma Ltd
  • Associated British Foods Plc
  • Aurea Biolabs
  • Innophos (Nutragenesis, LLC),
  • AVT Natural Products Ltd.

These firms have been expanding their global footprints in order to broaden their customer reach.
 

For instance, in February 2023, ADM announced opening a new production facility in Valencia, Spain, with an investment worth USD 30 million to expedite its post- and probiotic production to satisfy an anticipated three-fold uptick in product demand over the next five years. The move will help ADM scale its products while multiplying its output by five times, leading to 50 metric tons capacity annually. As per the company, it would be the first in the world facility producing postbiotics and probiotics under the same roof.
 

Impact of COVID-19 Pandemic

The nutraceutical ingredients market experienced a noticeable boom during the COVID-19 pandemic. People became increasingly health conscious given the emergence of preventive healthcare as a line of defense against the virus, and the sales of nutritional health supplements witnessed an upward trend, which is expected to continue in the coming years as well. Additionally, an increased cognizance of the benefits of having a healthy body and good immune response further changed consumer buying patterns, driving lucrative opportunities for the industry.
 

This nutraceutical ingredients market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD Mn from 2018 to 2032 for the following segments:

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Market, By Product

  • Probiotics
    • Lactobacilli
    • Bifidobacterium
    • Bacillus
    • Streptococcus
    • Saccharomyces (Yeast)
    • Others
  • Prebiotics
    • FOS
    • Inulin
    • GOS
    • MOS
    • Others
  • Vitamins
    • Source
      • Synthetic
      • Natural
        • Plant products
        • Animal products
    • Products
      • Vitamin A
      • Vitamin C
      • Vitamin D
      • Vitamin E
      • Vitamin K
      • Vitamin B1
      • Vitamin B2
      • Vitamin B6
      • Vitamin B12
      • Biotin
      • Folic acid
      • Niacin
  • Amino acids
    • Source
      • Plant sources
      • Animal sources
        • Meat
        • Dairy
        • Poultry
        • Eggs
        • Fish
      • Microbial sources
    • Product
      • Lysine
      • Methionine
      • Threonine
      • Tryptophan
  • Carotenoids
    • Source
      • Microbial sources
      • Plant material
      • Chemicals
    • Product
      • Beta-carotene
      • Lutein
      • Astaxanthin
      • Canthaxanthin
      • Lycopene
      • Others
  • Phytochemicals & plant extracts
    • Source
      • Vegetables
      • Fruits
      • Grains
      • Others
    • Product
      • Phytosterols
      • Flavonoids
      • Others
  • Protein
    • Plant proteins
      • Wheat protein
      • Soy protein concentrates (SPC)
      • Soy protein isolates (SPI)
      • Textured soy protein
      • Pea protein
      • Canola protein
      • Others
    • Animal proteins
      • Egg protein
      • Milk protein concentrates/isolates
      • Whey Protein Concentrates (includes WPC 80 and WPC35)
      • Whey protein hydrolysates (WPH)
      • Whey protein isolates (WPI)
      • Gelatin
      • Casein/Caseinates
  • EPA/DHA
    • Anchovy/sardine
    • Algae oil
    • Tuna oil
    • Cod liver oil
    • Salmon oil
    • Krill oil
    • Menhaden oil
  • Minerals
  • Fiber & carbohydrates
    • Cereals & grains
    • Fruits & vegetables
  • Others

Market, By Application

  • Functional food
  • Functional beverages
  • Dietary supplements
  • Personal care
  • Animal nutrition

Market, By Form

  • Dry form
  • Liquid form

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
    • Netherland
    • Belgium
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Australia
    • Malaysia
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

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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