Nutraceutical ingredeints market is estimated to grow at a CAGR of 7.49% to reach a market size of US$50.723 billion in 2024 from US$32.894 billion in 2018. A nutraceutical is an alternative to pharmaceuticals that claims to have physiological benefits. It is any substance considered as a food or part of food which provides the nutritional value to the diet. The Nutraceutical ingredients are a major source of enzymes, probiotics, carotenoids, amino acids, proteins, various vitamins and minerals, fibers, etc. The rise of the aging population increased incidences of chronic diseases, and the increase of health consciousness among consumers has led to a growing demand for nutraceutical ingredients. Furthermore, the use of nutraceutical ingredients in the pharmaceutical drugs, for its anti-aging properties; and the support by the government organizations for its use due to the inadequate levels of vitamins and minerals in the human body has also supported the growth of the market.
However, the high prices of the nutraceutical ingredient and different regulatory frameworks for different countries can act as a constraint in the growth of the market. The growth in the market can be fuelled by creating innovative and new products, mergers & acquisitions, joint ventures, and increasing the product portfolio.
The Nutraceutical Ingredients Market – Forecasts from 2019 to 2024 is an exhaustive study of this niche technology market which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, application, form, and geography.
The nutraceutical ingredients market has been segmented based on type, form, application, and geography. Based on type the market has been segmented into probiotics, protein & amino acids, phytochemicals & plant extracts, and fibers & speciality carbohydrates. By application, the market has been classified into food, beverages, animal nutrition, personal care, and dietary supplement. By form, the market has been classified into dry, liquid, and semi-solid.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the Nutraceutical Ingredients market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the Nutraceutical Ingredient market.