The Nutraceutical Ingredients Market is s steadily expanding, encouraged by a growing need for functional meals and vitamins in addition to stressing the significance of health consciousness. Some of the reasons fueling this trend are the aging population, growing awareness of chronic illnesses, and developments in extraction technology. Sustainable sourcing practices and novel components are becoming more popular in the market, indicating the possibility of a healthier future.
The market for nutrient-dense components is predicted to grow from US$ 53.61 billion in 2023 to US$ 118.99 billion by 2033. Over the course of the forecast period, the probiotics nutraceutical product type is anticipated to hold the largest market share in terms of value in the nutraceutical ingredient market.
The demand for functional food components is increasing
The government’s increased emphasis on addressing hunger and malnutrition in developing countries is expected to spur market growth for nutraceutical ingredients within the estimated time range. One of the key reasons behind the rise in demand for the products is the increasing awareness of the advantages of nutraceutical components in both the public and private sectors.
Don’t pass up chances for advancement! Get our in-depth sample report right away to make smart business decisions @
https://www.futuremarketinsights.com/reports/sample/rep-gb-16939
Innovation, adequate funding, regulatory support through the implementation of conductive policies, and tax incentives are the primary drivers of sector growth. Because of the growing need for vitamins, minerals, and functional foods and beverages, the market for nutraceutical ingredients is shifting in emerging economies. The demand for nutraceutical ingredients is rising as more and more health-conscious consumers decide that preventative care is more important than curative treatment.
The market for nutraceutical ingredients is growing as a result of consumer interest in nutraceuticals and health supplements being impacted by rising hospitalization costs, as well as increasing knowledge of preventive care and information availability. The growing number of people who are experiencing vitamin deficiencies due to their busy lifestyles and shorter meal times is another factor propelling the expansion of nutraceutical components.
The growing trend of using premium food and supplement ingredients to boost the nutritional content of products is driving up demand for nutraceutical ingredients. Growth in the market would likely be aided by consumers’ growing preferences for naturally produced nutraceutical ingredients, such as plant and herb extracts. Due to the growing popularity of homoeopathic treatments and the growing tendency of self-treatment, it is anticipated that natural nutraceutical ingredients would become increasingly in demand globally.
Key Points from the Nutraceutical Ingredients Market
- The market is expected to surpass US$ 118.99 billion by 2033.
- An increase in the prevalence of chronic diseases.
- Demand for nutraceutical items such as power gummies, which are chewable nutritional supplements with a variety of health advantages, is projected to be driven by innovation and new product development.
- Nutraceutical ingredients market is expected to grow at a CAGR of 8.3% during the forecast period 2023 to 2033.
- Asia Pacific dominated the nutraceutical ingredients market.
Move your company forward with assurance! Don’t pass up the opportunity to talk to our knowledgeable research professionals and gain insightful knowledge. Set up your consultation right away to stay competitive in this dynamic market @
https://www.futuremarketinsights.com/ask-question/rep-gb-16939
Key Development in the Nutraceutical Ingredients Market
- June 2022 – DSM announced the acquisition of Prodap, a firm that provides animal nutrition, services, and technology. This acquisition adds to DSM’s extensive animal feeding knowledge and services. Specifically, for the company’s existing Verax animal management system and Sustell intelligent sustainability services. The acquisition also broadens the company’s market presence in Brazil.
- November 2020 – Ingredion signed a deal to purchase the remaining portion of Verdient Foods Inc. that it did not already own. With this acquisition, Ingredion be able to accelerate net sales growth, expand manufacturing capability, and co-create customers to meet rising consumer demand for plant-based protein.
- May 2022 – Tate & Lyle announced the completion of its acquisition of Nutriati, an ingredient technology firm that produces chickpea protein and flour. They previously had a distribution arrangement in 2021 with whom they previously had a supply of chickpea protein and flour. This transaction also includes Nutriati’s assets, intellectual property, and liabilities. This purchase expands the company’s ingredient portfolio.
- December 2022 – Neutralities, a startup brand owned by Pune-based Shover Foods International, India, increased its product line with a move into nutraceuticals. Nutraceutical products have been developed to support good health and immunity. According to the company, it chose to launch its products in capsule form because gummy supplements include less vitamins and minerals. Furthermore, the company says that the components are vegan, sugar-free, and have been authorized by India’s Food Safety and Standards Authority (FSSAI).
- November 2021 – Archi Med purchased SUANFARMA, a key manufacturer and distributor of active nutraceutical components and pharmaceuticals, to outsource important products abroad, boosting sales and profits.
Key players:
- BASF SE
- ADM
- Ingredion
- DSM NV
- Cargill
- Tate & Lyle
- Ajinomoto
- Roquette Freres
Discover each segment’s contribution with clear infographics and in-depth discussions. Purchase today to receive access to comprehensive details about each segment @ https://www.futuremarketinsights.com/checkout/16939
Key Segments
by Product:
- Probiotics
- Prebiotics
- Vitamins
- Amino acids
- Carotenoids
- Phytochemicals & plant extracts
- Protein
- EPA/DHA
- Minerals
- fiber & carbohydrates
by Form:
- Dry Form
- Liquid Form
by Application:
- Functional food
- Functional beverages
- Dietary supplements
- Personal care
- Animal Nutrition
by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
