Nutraceutical is a combined term for nutrition and pharmaceutical products that claim to exhibit immense health benefits. Considerable interest for nutraceuticals grew due to the bioactive components of nutraceuticals that have additive nutritional value to human health. Increasing economies of developing nations along with countries with emerging economies is expected to expand the nutraceuticals industry.

Chronic diseases resulting from changed lifestyle pattern, stress, and unhealthy diet have huge impact on human health, which has created need for additional dietary supplements leading to the growth of nutraceutical ingredients market. Cardiovascular diseases caused more than 54 million deaths in the year 2013. Obesity is a global issue, followed by cancer, arthritis and other chronic diseases. Expensive treatments for such diseases have led to the consumers looking for alternative approaches, which thereby directly driving the nutraceutical ingredients market.

The nutraceutical ingredients market is emerging with strong growth potential due to extensive research studies, market penetration of innovative products with multiple benefits. However, meeting the regulatory guidelines for product approval may sometimes hamper the growth of nutraceutical ingredients market. Cost of product development in turn increases the product price, which affects the market growth

The purpose of this research study titled ‘Nutraceutical Ingredients Market - Growth, Future Prospects, and Competitive Analysis, 2023 – 2030’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global nutraceutical ingredients market. This report presents and analyzes the major trends prevalent in the global nutraceutical ingredients market and the market size and forecast. Global health concerns, increasing research expenditure, product innovation and huge demand strongly boost the growth of nutraceutical ingredients market.

This report contains the global nutraceutical ingredients market in terms of ingredient type, type of applications, type of therapeutic areas and geographical distribution. Based on the type of ingredients, the global nutraceutical ingredients market is categorized as prebiotics, probiotics, proteins and amino acids, vitamins, minerals, PUFA/specialized lipids, phytochemicals or botanical extracts, specialized carbohydrates and fibers, carotenoids and antioxidants and others.

The nutraceutical ingredients market is also classified on the basis of applications as functional foods and beverages, dietary supplements, personal care and others. Depending on the therapeutic areas where nutraceutical ingredients are being deployed as a preventive measure, the market is classified as digestive health, cardiovascular health, bone and joint, cognitive health, weight management, immunity, nutrition and others. Market size and forecast for each mentioned segment for the period 2020-2030 is presented in the report along with respective CAGRs for the forecast duration 2023-2030.

The market size and forecast of each considered geographical market is presented for the period 2020-2030 along with CAGRs for the forecast period 2023-2030 in this study and are further cross-sectional presented in terms of type of ingredients, types of applications, type of therapeutic areas and constituent region/country level markets.

This report also includes qualitative evaluating factors such as market dynamics (drivers, restraints and opportunities) to gain an understanding of the current and predicted global market trends of nutraceutical ingredients. Detailed explanation of competition assessment tools like major agreements, partnerships and collaborations, market attractiveness assessment and competitive landscape analysis by major players are mentioned in the study. Furthermore, this report includes profiling of major market players currently enjoying distinguishing position in the nutraceutical ingredients market. The major players profiled in this report are Archer Daniels Midland Company, DuPont, BASF SE, Cargill, Incorporated, Tate & Lyle, Ajinomoto Co., Inc., Ingredion Incorporated, Arla Foods amba and other notable players.

Growing consumer demand for proteins, amino acids and fibers fuel the growth of nutraceutical ingredients market owing to their immense nutritional value. Extensive health benefits and growing public health awareness also play a crucial role to boost consistent growth to the nutraceutical ingredients market. Algal protein is predicted to witness major growth in forecast period as a result of its huge nutritive value. Inadequate amount of vitamins, minerals and lipids in daily diet urge the necessity of taking supplements for compensation. This factor largely drives the nutraceutical ingredients market across the globe in terms of improvement of health. The global demand for PUFA or specialized lipids is on rise due to its specific cardiovascular and ophthalmic benefits. Online sales opportunity of vitamins, minerals and other supplements also contribute robust growth to this industry and is anticipated to propel higher growth in future. Growth of prebiotics and probiotics is driven by rising interest for improved gut health, weight management, surging preference for dairy products, increasing concern of infant health and thus expected to observe immense growth in near future.

Functional foods and beverages play a crucial role in terms of betterment of health by conveniently supplying healthy components other than the basic nutrients of food. Functional foods and beverages are in general not required by the body; however they provide healthy nutrients that boost the immune system. Dietary supplements segment is predicted to generate maximum revenue due to its usage in pharmaceutical form as well. Growth opportunity of the nutraceutical ingredients market is supported by consumer inclination towards branded dietary supplement that provide nutritional additives for health improvement and wellness. Rapid change in lifestyle leading to compromised dietary habits resulting in life threatening ailments have consequently raised health concern among the masses, which would lead to increase in demand for nutraceutical ingredients market. Heightened demand for organic baby care products and personal care products offering several benefits would further drive the global nutraceutical ingredients market during the forecast period.

Digestive health has a massive impact on the global rise of nutraceutical ingredients market with growing demand for prebiotics and probiotics. In the U.S. around 70 million individuals are suffering from digestive issues and rising concern among public regarding improvement of gut health is driving the market. Cardiovascular disease is the leading cause of death worldwide; hence the prevention measure utilizing nutraceutical ingredient mainly specialized lipids, and plant sterols in order to lower cholesterol levels, has a significant role in the growth of nutraceutical ingredient market. According to the World Health Organization (WHO) estimation (2021), approximately 1.9 billion people were overweight around the world, of which 650 million were obese; if the current trend continues through the upcoming years, it is expected that by 2030, over 1 billion individuals will be suffering with obesity. This increasing trend of obesity raises public concern for their health, which would drive the nutraceutical ingredients market. Rise in sedentary lifestyle has a severe impact on the body leading to stress, increased risk of chronic diseases and compromised body immune system. Nutraceutical health supplements provide necessary health benefits boosting immune systems, resulting in rising demand for such products thus driving the global nutraceutical ingredients market.

Geographically, the global nutraceutical ingredients market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Asia Pacific was the dominating region for the global nutraceutical ingredients market led by China and India on the account of large population pool and increasing health awareness. This region is expected to witness lucrative growth in upcoming years due to proliferating distribution channel and R&D activities. According to a study published by the World Health Organization (WHO), 60% of global death are caused by chronic diseases; this rising prevalence of chronic diseases in economically developing nations created paradigm shift towards general health awareness and drive the global nutraceutical ingredients market. The idea of improved healthy lifestyle, increasing health concerns, globally rising prevalence of chronic disease, and growing geriatric population have created interest among public and consequently boost the nutraceutical ingredients market. Furthermore, development of innovative products with advanced technology and huge demand of such products among consumers drive North America and European nutraceutical ingredients market. However, the regulatory bodies have huge impact on novel product innovation and their growth. The nutraceutical ingredients market in Latin America and Middle East and Africa are still in a nascent state and expected to grow further in forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Nutraceutical Ingredients market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Nutraceutical Ingredients market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Nutraceutical Ingredients market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Nutraceutical Ingredients market?
• Which is the largest regional market for Nutraceutical Ingredients market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Nutraceutical Ingredients market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Nutraceutical Ingredients market worldwide?