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Global Nutraceutical Ingredients Market Size By Product (Proteins and Amino acids Prebiotics), By Health Benefit (Immunity & Nutrition), By From (Dry Form & Liquid Form), By Application (Animal Nutrition, and Dietary Supplements), By Geographic Scope And Forecast


Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Nutraceutical Ingredients Market Size By Product (Proteins and Amino acids Prebiotics), By Health Benefit (Immunity & Nutrition), By From (Dry Form & Liquid Form), By Application (Animal Nutrition, and Dietary Supplements), By Geographic Scope And Forecast

Nutraceutical Ingredients Market Size And Forecast

Nutraceutical Ingredients Market size was valued at USD 47.37 Billion in 2024 and is projected to reach USD 83.54 Billion by 2031, growing at a CAGR of 7.35% from 2024 to 2031.

  • Nutraceutical ingredients are the specific components used to make nutraceutical goods. These items are a combination of food and medicine, intended to deliver health benefits beyond basic nourishment.
  • Common nutraceutical components include vitamins, minerals, herbs, probiotics, prebiotics, enzymes, amino acids, and fatty acids.
  • These substances can be utilized in a variety of ways, including powders, capsules, pills, liquids, and meals.
  • The specific nutraceutical elements utilized in a product are determined by its intended health benefit. A product meant to promote heart health, for example, could include fish oil, coenzyme Q10, and L-arginine. Vitamin C, zinc, and elderberry are common constituents in immune boosting products.
  • Before using any nutraceutical items, talk with your doctor because they may interfere with drugs or cause other negative effects. Furthermore, because nutraceuticals are not as closely controlled as pharmaceuticals, it is critical to select products from reliable suppliers.

Global Nutraceutical Ingredients Market Dynamics

The key market dynamics that are shaping the global nutraceutical ingredients market include

Key Market Drivers

  • Rising Health ConsciousnessConsumers are becoming more aware of the importance of diet and nutrition to their overall health and wellbeing. This is driving up demand for functional meals and beverages enriched with nutraceutical substances.
  • Shift Towards Natural and Organic Products Consumers are increasingly turning to natural and organic products, motivated by worries about synthetic additives and chemicals in conventional foods and supplements. Nutraceutical compounds sourced from natural sources are consistent with this trend, fueling market expansion.
  • Increasing Prevalence of Chronic Diseases Chronic disorders like heart disease, diabetes, and obesity are becoming more prevalent all over the world. This is driving up demand for nutraceutical substances that can help prevent or treat certain illnesses.
  • Aging Population As the world’s population ages, there is an increasing demand for products that can help older persons retain their health and vitality. Nutraceutical components can help improve cognitive performance, bone health, and immunological function.

Key Challenges

  • High Cost and R&D Creating and studying new nutraceutical components is costly. Extracting these chemicals from natural sources frequently necessitates advanced equipment, raising the cost. This might make it difficult for manufacturers to keep ingredient costs low, affecting the final price for customers.
  • Regulatory Compliance Regulations regarding nutraceuticals differ by country. Keeping up with these ever-changing requirements and ensuring compliance across many markets adds complexity for businesses.
  • Quality Control and Standardization Because nutraceuticals are sourced from natural sources, the components’ quality and potency may vary. Consistent quality control methods throughout the supply chain are critical to ensuring the safety and efficacy of the final product.
  • Shelf-Life Management Many nutraceutical compounds have a shorter shelf life than other foods or drugs. If products expire before being sold, it can result in waste and financial losses. Manufacturers must establish techniques to ensure proper storage and handling to optimize shelf life.
  • Ingredient Sourcing and Supply Chain Management Finding trustworthy vendors for certain nutraceutical components can be difficult, especially if they are sourced from specific places or have restricted availability. Natural disasters and political instability can affect the supply chain, causing price swings or delays.

Key Trends

  • Personalized Nutrition As technology advances and consumers become more aware of their own health demands, there is an increasing interest in tailored nutrition. Nutraceutical components designed to target certain demographic profiles, health issues, and genetic predispositions are gaining popularity, allowing customers to adjust their diets for improved health outcomes.
  • Plant-Based and Vegan Components The popularity of plant-based diets and vegan lifestyles is driving demand for nutraceutical components produced from plants. Plant-based proteins, botanical extracts, and herbal supplements are becoming increasingly popular among consumers looking for environmentally friendly, cruelty-free alternatives to traditional animal-derived products.
  • Focus on Preventive HealthcareThere is a growing trend toward preventive healthcare, with consumers turning to nutraceuticals to manage chronic illnesses or improve general health. This trend is expected to boost demand for substances with specialized health benefits such as immune support, gastrointestinal health, and cognitive function.
  • Immune Health and Wellness The COVID-19 epidemic has raised awareness of immunological health and wellness, resulting in increased demand for nutraceutical components that promote immune function and general health. Ingredients such as vitamin C, vitamin D, zinc, elderberry, and medicinal mushrooms are in high demand as people aim to improve their immune systems.

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Global Nutraceutical Ingredients Market Regional Analysis

Here is a more detailed regional analysis of the global nutraceutical ingredients market

North America

  • North America is emerging as a market leader in response to increase in demand for nutraceutical products with anti-aging benefits. This dominance is expected to last throughout the projected period because of the region’s high frequency of both chronic and non-chronic diseases.
  • Furthermore, North America’s dominant position is strengthened by rising market innovations and significant R&D investments done by known corporations.
  • Consumer demand for functional foods and dietary supplements is expected to drive regional market growth even further. Notably, leading food and beverage businesses are increasing their investment in R&D operations to advance nutraceutical components. This collaborative effort is likely to drive market expansion during the forecast period, as businesses attempt to address changing customer preferences and health-related expectations.

Asia Pacific

  • The Asia Pacific region dominates the market, with the greatest projected growth rate during the projection period. Japan leads Asia Pacific’s nutraceutical ingredient market, followed by China and India. Working longer hours and leading sedentary lifestyles have a negative impact on consumers’ overall health and well-being, causing metabolic stress.
  • As a result, customers began using nutraceuticals for self-care therapy. Consumers are looking for nutritional solutions as they become more aware of the importance of gut health. The economy is predicted to grow in various areas during the next few years, including an increase in disposable income. This boosts the market because people often spend a considerable amount of their income on healthcare bills.
  • In Japan, the most common foods or nutraceuticals make health claims about improving the gastrointestinal tract. Triglyceride reduction is the second most popular claim, behind cholesterol reduction.
  • The World Bank estimates that Japan’s healthcare expenditure will account for 10.74% of GDP in 2020. It ranks among the top countries in terms of health expenditure. As healthcare spending has surged in Japan, these medications have gained significant success.

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.

Key Players

The “Global Nutraceutical Ingredients Market” study report will provide valuable insight with an emphasis on the global market. The major players in the 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, Koninjklike DSM NVThe competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Nutraceutical Ingredients Market Recent Developments

  • In June 2022, DSM announced the acquisition of Prodap, an animal nutrition, service, and technology company. This acquisition will enhance DSM’s animal feeding expertise and services. Specifically, for the company’s current animal management system Verax and intelligent sustainability services Sustell. The acquisition also increases the company’s market entry in Brazil.
  • In May 2022, Late & Lyle announced the completion of its acquisition of Nutriati, an ingredient technology firm that manufactures chickpea protein and flour. They previously had a distribution arrangement with Vvhit in 2021 to supply chickpea protein and flour. This transaction also includes Nutriati’s intellectual property assets and liabilities. This acquisition increases the company’s ingredient portfolio.
  • In February 2022, ABF Ingredients, a global leader in specialized ingredients, purchased Fytexia Group, a developer of active ingredients for a variety of nutritional supplements. The strategic acquisition will enable ABFI to extend its product offering in the nutritional, medicinal, and food industries.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Base Year

2024

Forecast Period

2024-2031

Historical Period

2021-2023

Unit

Value (USD Billion)

Key Companies Profiled

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.

Segments Covered

Product, Health Benefit, Form, Application, And Geography.

Customization Scope

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Research Methodology of Market Research

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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

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Table of Content

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