Nutraceutical ingredients market
Nutraceutical Ingredients Market, By Product Ingredients (Vitamins, Prebiotics and Probiotics, Proteins and Amino Acids, Omega Fatty 3 Acids, Minerals, Carotenoids, Fibers & Specialty Carbohydrates, Phytochemicals & Plant Extracts and Other Ingredients), By Application (Functional Food, Functional Beverages, Dietary Supplements, Animal Feed and Others), By Form (Dry and Liquid), and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Dec 2022
- CMI1080
- 312 Pages
- Excel & Pdf
- Food Ingredients
Nutraceutical is a term used for food or fortified food that is obtained from food sources that not only supplement the diet but also give additional health benefits, coupled with the basic nutritional value present in foods. Additional terms used for nutraceuticals are medical foods, functional foods, and designer foods, etc. Nutraceutical ingredients include vitamins, minerals, prebiotics and probiotics, phytochemicals and plant extracts, fiber and specialty carbohydrates, proteins, etc. Besides common ingredients such as vitamins, companies have started including some new ingredients in nutraceutical products such as plant sterols, polyphenols, probiotics, and fatty acids.
Global nutraceutical ingredients market was valued at US$ 3467.3 Million in 2021 in terms of revenue, exhibiting a CAGR of 7.35% during the forecast period (2022 to 2030).
Drivers
Increasing awareness about healthy diet, which includes vitamins, proteins, minerals, fibers, and others is major factor driving growth of the global nutraceutical ingredients market. Moreover, increasing use of nutraceutical ingredients in pharmaceutical drugs, owing to its properties such as anti-aging, prevention in chronic diseases, cancer, and health improvement is expected to drive growth of the market. Antioxidant property of nutraceutical ingredients such as phytochemicals aid in prevention of cancer.
The global nutraceutical ingredients market is driven by the growth in life expectancy & health consciousness among consumers and the increase in applications of nutraceutical ingredients. Consumers’ concerns regarding nutrient inadequacy tend to be general in nature, somewhat than concern about a particular health condition or nutrient/component in their diet. Another important factor improving the rate of demand for nutraceutical ingredients is the enhanced requirements for food fortification mandated by government organizations.
The nutraceuticals industry was positively impacted by the Covid-19 pandemic, owing to increase in demand for healthy nutritional products and supplements. Preventive measures taken against the disease in the form of consumption of vitamin D, vitamin C, zinc, sodium, minerals, and functional food & beverages led to a rapid increase in sales of such types of nutraceuticals products. This increase in sales is likely to continue in the post COVID period due to the persistent consumer inclination toward health and wellbeing during the pandemic.
Figure 1. Global Nutraceutical Ingredients Market Value Share (%), By Region, 2021
Market Restraints
High prices of raw material production costs for nutraceuticals products consider as the major factor that restricts the consumers to avail of its features. Consumers are likely to shift to low-cost substitute proteins. Further, unsatisfactory quality nutraceutical manufacturing has raised the concern to fill the demand and supply gap.
Nutraceutical Ingredients Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 3467.3 Mn |
Historical Data for: | 2017-2020 | Estimated Year: | 2022 |
Forecast Period 2022 to 2030 CAGR: | 7.35 % | Forecast Period: | 2022-2030 |
Geographies covered: |
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Segments covered: |
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Companies covered: |
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. |
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Growth Drivers: |
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Restraints & Challenges: |
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Market Trends
The significant growth of fiber-rich products along with high nutritional supplement products is boosting the market growth. The increasing occurrences of gastrointestinal diseases, lifestyle diseases, and rising personal care spending will prompt the need for dietetic nutrition. Moreover, consumers’ positive perception toward dietary products coupled with the benefits provided by these products, such as bowel health and control of blood sugar & cholesterol levels, will create lucrative opportunities for the market.
Rising availability of vitamin-based supplements in departmental and other retail stores is the key factor fuelling the nutraceutical ingredients market. These products have a large acceptance among consumers owing to their visible benefits including protection from illness, youthful vigor, and good health. People across various age groups consume dietary supplements to meet their recommended dietary allowances. These supplements are available in different forms such as pills, tablets, powders, capsules, gel caps, and liquids.
Figure 2. Global Nutraceutical Ingredients Market Value Share (%), By Application, 2021
Recent Developments
- In March 2022, Tate & Lyle, British-headquartered, global supplier of food and beverage ingredients company acquired Quantum Hi-Tech Biological, which is a prebiotic dietary fiber business in China, for a value of US$ 237 million. The strategic acquisition will allow to strengthen the company’s dietary fiber market in China and Asia.
- In February 2022, ABF Ingredients, a global leader in specialty ingredients acquired Fytexia Group, a developer of active ingredients for various dietary supplements. The strategic acquisition will allow to expand ABFI’s product portfolio in the nutritional, pharmaceutical, and food sectors.
- In November 2020, Ingredion, an American multinational ingredient provider acquired Verdient Foods Inc., a producer of pulse-based protein concentrates and flours from peas, lentils. With this acquisition, Ingredion will be able to its manufacturing capacity and fulfil the customer demand for plant-based protein.
Competitive Section
Major players operating in the global nutraceutical ingredients market include 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.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Ingredients
- Market Snippet, By Application
- Market Snippet, By Form
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
- Market Dynamics
- Global Nutraceutical Ingredients Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting Global Nutraceutical Ingredients Market – COVID-19
- Impact Analysis
- Global Nutraceutical Ingredients Market, By Product Ingredients, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Vitamins
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Prebiotics & Probiotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Protein and Amino Acids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Omega Fatty 3 Acids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Minerals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Carotenoids
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Fibers & Specialty Carbohydrates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Phytochemicals & Plant Extracts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Other Ingredients
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Introduction
- Global Nutraceutical Ingredients Market, By Application, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Functional Food
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Functional Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Dietary Supplements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Introduction
- Global Nutraceutical Ingredients Market, By Form, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017 - 2030
- Segment Trends
- Dry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2030, (US$ Million)
- Introduction
- Global Nutraceutical Ingredients Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2017 - 2030
- North America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Ingredients, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Form, 2017- 2030 (US$ Million)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Ingredients, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Form, 2017- 2030 (US$ Million)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Ingredients, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Form, 2017- 2030 (US$ Million)
- Countries
- France
- Germany
- Italy
- Spain
- U.K.
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Ingredients, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Form, 2017- 2030 (US$ Million)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2022, 2025 and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017 – 2030
- Market Size and Forecast, By Product Ingredients, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Application, 2017- 2030 (US$ Million)
- Market Size and Forecast, By Form, 2017- 2030 (US$ Million)
- Countries
- Middle East
- Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- E.I. du Pont de Nemours and Company
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Cargill Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Archer Daniels Midland Company
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- DSM Nutritional Products
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Ingredion Incorporated
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Tate & Lyle Plc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Ajinomoto Co. Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- FMC Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- BASF SE
- Section
- References
- Research Methodology
- About Us and Sales Contact
* Browse 50 market data tables* and 40 figures* on “Global Nutraceutical Ingredients Market” - forecast to 2030.
Detailed Segmentation:
- Global Nutraceutical Ingredients Market, By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- Global Nutraceutical Ingredients Market, By Application:
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- Global Nutraceutical Ingredients Market, By Form:
- Dry
- Liquid
- Global Nutraceutical Ingredients Market, By Region:
- North America
- U.S.
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Canada
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- U.S.
- Europe
- U.K.
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Germany
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Italy
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- France
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Spain
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Russia
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Rest of Europe
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- U.K.
- Latin America
- Brazil
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Argentina
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Mexico
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Rest of Latin America
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Brazil
- Asia Pacific
- China
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- India
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Japan
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- ASEAN
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- South Korea
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Australia
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Rest of Asia Pacific
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- China
- Middle East & Africa
- Middle East
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Africa
- By Product Ingredients:
- Vitamins
- Prebiotics and Probiotics
- Proteins and Amino Acids
- Omega Fatty 3 acids
- Minerals
- Carotenoids
- Fibers & Specialty Carbohydrates
- Phytochemicals & Plant Extracts
- Other Ingredients
- By Application :
- Functional Food
- Functional Beverages
- Dietary supplements
- Animal Feed
- Others
- By Form :
- Dry
- Liquid
- By Product Ingredients:
- Middle East
- North America