Market Size of Nutraceutical Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 7.10 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Nutraceutical Ingredients Market Analysis
The global nutraceutical ingredients market is projected to register a CAGR of 7.1% over the next five years.
The high progression of the nutraceuticals segment, like the probiotic segment, can be considered the reason for volatile lifestyle and eating practices, rising consciousness about the physical fitness benefits of probiotics over digestive health, and increasing utilization of probiotics in animal feed for the nutrition of animals. With a high number of COVID-19 cases in major countries like the United States, China, Canada, India, Germany, the United Kingdom, and others, the requirement for nutraceutical ingredients remained high due to their functional benefits, and it was supposed to remain high on demand in the upcoming years as well. The dietary supplement was popular over other nutraceutical ingredients during COVID-19 due to its functional benefits.
Innovation and new product development are likely to drive the demand for nutraceutical products such as power gummies, which are chewable dietary supplements that offer various health benefits. Nutraceutical ingredients are derived from animal, plant, microbial, and synthetic sources and provide health benefits, adding the primary nutritional value and functional benefits to various applications such as food, beverages, dietary supplements, animal nutrition, and personal care products.
Nutraceutical ingredients are useful in the pharmaceutical industry because of their medical benefits in treating or curing diseases and promoting better health. According to the World Health Organization, cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. Thus, the rising healthcare costs and benefits of preventive healthcare solutions have encouraged consumers to take their health into their own hands by equipping themselves with health information and making well-informed purchasing decisions on nutraceutical ingredients.
Nutraceutical Ingredients Industry Segmentation
Nutraceutical ingredients are food commodities that prevent or significantly impact medical conditions or illnesses.
The Global Nutraceutical Ingredients Market is divided into two sections: ingredient type and application. By ingredient type, the market is segmented into prebiotics, probiotics, vitamins, minerals, proteins, omega-3 structured lipids, phytochemicals and plant extracts, fibers, and specialty carbohydrates. Based on application, the market is segmented into functional foods, functional beverages, dietary supplements, animal nutrition, personal care and cosmetics, and others. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers the market size and forecast for nutraceutical ingredients in terms of value (USD million) for all the above segments.
| Ingredient Type | |
| Prebiotic | |
| Probiotic | |
| Vitamins | |
| Minerals | |
| Protein | |
| OMEGA 3 Structured Lipids | |
| Phytochemicals & Plant Extracts | |
| Fibers and specialty Carbohydrates | |
| Other Ingredient Types |
| By Application | |
| Functional Foods | |
| Functional Beverages | |
| Dietary Supplements | |
| Animal Nutrition | |
| Cosmetics | |
| Other Applications |
| Geography | |||||||||
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Nutraceutical Ingredients Market Size Summary
The nutraceutical ingredients market is experiencing significant growth, driven by increasing consumer awareness of health benefits and the rising demand for preventive healthcare solutions. This market encompasses a wide range of products derived from animal, plant, microbial, and synthetic sources, offering nutritional and functional benefits across various applications such as food, beverages, dietary supplements, animal nutrition, and personal care. The COVID-19 pandemic has further accelerated the demand for these ingredients, as consumers seek products that boost immunity and support overall health. The market is characterized by innovation and new product development, with trends like power gummies gaining popularity. The pharmaceutical industry also benefits from nutraceuticals due to their potential medical applications in disease prevention and health promotion.
Regionally, the Asia-Pacific area leads the market, with Japan, China, and India at the forefront. The growing working population and sedentary lifestyles in these regions have heightened the prevalence of lifestyle-related diseases, prompting consumers to turn to nutraceuticals for self-managed health solutions. The functional beverage segment, particularly in countries like China, Japan, India, and Malaysia, is expected to see steady growth, driven by increased consumer demand for health and fitness drinks. The market is moderately competitive, with major players focusing on product quality, regulatory compliance, and strategic expansions through mergers and acquisitions. Companies like Cargill, BASF, and Archer Daniels Midland are key players, continually innovating to maintain their market positions.
Nutraceutical Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredient Type
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2.1.1 Prebiotic
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2.1.2 Probiotic
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2.1.3 Vitamins
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2.1.4 Minerals
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2.1.5 Protein
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2.1.6 OMEGA 3 Structured Lipids
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2.1.7 Phytochemicals & Plant Extracts
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2.1.8 Fibers and specialty Carbohydrates
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2.1.9 Other Ingredient Types
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2.2 By Application
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2.2.1 Functional Foods
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2.2.2 Functional Beverages
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2.2.3 Dietary Supplements
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2.2.4 Animal Nutrition
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2.2.5 Cosmetics
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle-East and Africa
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Nutraceutical Ingredients Market Size FAQs
What is the current Nutraceutical Ingredients Market size?
The Nutraceutical Ingredients Market is projected to register a CAGR of 7.10% during the forecast period (2024-2029)
Who are the key players in Nutraceutical Ingredients Market?
Cargill Incorporated, BASF SE, Archer Daniels Midland Company, International Flavors & Fragrances, Inc and Koninklijke DSM NV are the major companies operating in the Nutraceutical Ingredients Market.
