Nutraceutical Ingredients Market By Type (Vitamins, Proteins and Amino Acids, Probiotics, Minerals, Omega-3 Fatty Acids, Fibers & Specialty Carbohydrates, Prebiotics, Phytochemical & Plant Extracts, Other Products), By Source (Naturally-sourced, Synthetic) By Form (Dry Form, Liquid Form), By Applica

Nutraceutical Ingredients Market Size And Forecast

According to the new report titled " Nutraceutical Ingredients Market By Type (Vitamins, Proteins and Amino Acids, Probiotics, Minerals, Omega-3 Fatty Acids, Fibers & Specialty Carbohydrates, Prebiotics, Phytochemical & Plant Extracts, Other Products), By Source (Naturally-sourced, Synthetic) By Form (Dry Form, Liquid Form), By Application (Functional Foods, Functional Beverages, Dietary Supplements, Animal Nutrition and Other), Global Analysis to 2023", the valuation of

The  Nutraceutical Ingredients market was $192.3 Billion in 2023 and is projected to reach $363.1 Billion by 2032, at a CAGR of 7.32% from 2021 to 2032.

The Nutraceutical Ingredients Market was valued at $192.3 Billion by 2023 and expected to grow at CAGR of 7.32% over forecast period.  Nutraceutical ingredients are bioactive compounds or substances derived from food sources with purported health benefits beyond basic nutritional value. These ingredients are often used in dietary supplements, functional foods, and beverages to promote health, prevent diseases, or support specific physiological functions. With an increasing emphasis on preventive healthcare and overall well-being, consumers are seeking products that can support their health goals. Nutraceutical ingredients offer a natural and holistic approach to health maintenance and disease prevention.

The global population is aging, leading to a rise in age-related health concerns such as joint health, cognitive decline, and cardiovascular issues. Nutraceutical ingredients such as omega-3 fatty acids, glucosamine, and antioxidants are sought after for their potential to address these age-related health issues. The popularity of functional foods and beverages fortified with nutraceutical ingredients is on the rise. Consumers are seeking convenient and palatable options to incorporate health-promoting ingredients into their diets, driving demand for products such as fortified yogurt, energy bars, and herbal teas.

Probiotics held the largest share in the Nutraceutical Ingredients market

By Type (Vitamins, Proteins and Amino Acids, Probiotics, Minerals, Omega-3 Fatty Acids, Fibers & Specialty Carbohydrates, Prebiotics, Phytochemical & Plant Extracts, Other Products) where Probiotics plays a crucial role in the Nutraceutical Ingredients market. Probiotics are live microorganisms that provide health benefits when consumed in adequate amounts. They are commonly associated with gut health and are often added to food products as a functional ingredient. While probiotics themselves are not typically used as food emulsifiers, there are some instances where they may be incorporated into emulsified food products. Probiotic-containing foods and beverages, such as yogurt, kefir, and fermented dairy products, are experiencing growing demand due to increasing consumer interest in gut health. While these products may not typically require emulsifiers, there is potential for the inclusion of both probiotics and emulsifiers in certain formulations, such as smoothies or dairy-based drinks.

As consumers become more health-conscious, there is growing interest in food products that offer both functional benefits and improved sensory attributes. Products that combine probiotics with emulsifiers to deliver both health benefits and desirable texture and mouthfeel may appeal to health-conscious consumers. Ongoing innovation in the food industry may lead to the development of new products that incorporate both probiotics and emulsifiers. Manufacturers are continually exploring novel formulations and technologies to meet consumer demand for convenient, nutritious, and enjoyable food options.

Asia Pacific headed the Nutraceutical Ingredients market in 2023

The Asia Pacific region has witnessed significant growth in the food processing industry, driven by increasing demand for packaged and ready-to-eat foods. Food emulsifiers are essential ingredients in a wide range of processed foods, including bakery products, dairy products, confectionery, and sauces, driving the demand for emulsifiers in the region. Asian consumers place a high value on food texture and mouthfeel, which are often achieved through the use of emulsifiers. Emulsifiers help create smooth, creamy textures in products such as ice cream, yogurt, and salad dressings, catering to consumer preferences for indulgent and sensory-rich foods. The bakery and confectionery sectors in the Asia Pacific region are experiencing robust growth, fueled by rising disposable incomes and changing consumer preferences. Emulsifiers are widely used in these sectors to improve dough handling properties, increase shelf-life, and enhance the texture and volume of baked goods and confectionery products. As the food industry in the Asia Pacific region continues to grow, there is greater emphasis on food safety and quality standards. Emulsifiers must comply with regulatory requirements set by national food authorities to ensure consumer safety, driving demand for approved and safe emulsifiers in the region.
 

Key market players operating in the market that are profiled in the report are BASF SE, E.I. du Pont de Nemours and Company, Cargill Inc., Archer Daniels Midland Company, DSM Nutritional Products, Ingredion Incorporated, Tate & Lyle Plc, Ajinomoto Co. Inc., and FMC Corporation. etc.

Report Scope

Global Nutraceutical Ingredients MarketSegmentation Analysis

The Global Nutraceutical Ingredients Market is Segmented on the basis of Product, Health Benefit, Form, Application, And Geography.

Nutraceutical Ingredients Market, By Product

• Proteins and Amino acids
• Prebiotics
• Probiotics
• Minerals
• Carotenoids
• Fibers and Specialty Carbohydrates
• Vitamins
• Omega-3 Fatty Acids
• Phytochemicals and Plant Extracts

Based on Product, the market is bifurcated into Proteins and Amino acids, Prebiotics, Probiotics, Minerals, Carotenoids, Fibers and Specialty Carbohydrates, Vitamins, Omega-Fatty Acids, Phytochemicals and Plant Extracts. The Probiotics segment is expected to have the greatest Compound Annual Growth Rate (CAGR) during the chosen time period. Probiotic components have been shown to improve general human health, making them more useful in a variety of health and nutritional applications. This development has resulted in a diverse range of probiotic-based applications in the functional food and beverage, dietary supplement, and animal nutrition industries.

Nutraceutical Ingredients Market, By Health Benefit

• Cognitive Health
• Gut Health
• Heart Health
• Bone Health
• Immunity
• Nutrition
• Weight Management

 Based on Health Benefits, the Global Nutraceutical Ingredients Market is divided Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, and Weight Management. The nutraceutical ingredients market for immunity is most likely the current leader. This is due to the continued emphasis on preventative healthcare and increased awareness following the global pandemic. However, the category with the most development potential is likely gut health. The growing popularity of probiotics and prebiotics, as well as their link to overall well-being, is generating increasing interest in this field.

Nutraceutical Ingredients Market, By Form

• Dry Form
• Liquid Form

Based on form, the market is bifurcated into Dry and Liquid. Dry forms dominate the nutraceutical components industry due to their extended shelf life, ease of storage, and precision dosing. However, liquid versions are the fastest expanding market, as they provide faster absorption and are easier to incorporate into beverages and supplements.

Nutraceutical Ingredients Market, By Application

• Animal Nutrition
• Dietary Supplements
• Functional Beverages
• Functional Foods
• Personal Care

Based on Application, the market is segmented into Animal Nutrition, Dietary Supplements, Functional Beverages, Functional Foods, and  Personal Care,. Dietary supplements now have the biggest market share due to their widespread availability and ease of use. Functional foods, on the other hand, are enjoying the most rapid increase as consumers strive to incorporate health advantages into their daily diets.

Nutraceutical Ingredients Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

On the basis of Geography, the Global Nutraceutical Ingredients Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of  followed by Europe. Growing demand for effective emergency care and increasing adoption of mobile surgery centers are anticipated to drive the industry during the forecast period.

Keyplayers-

• 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
• Koninjklike DSM NV

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support