Rising demand for fortified food, increased awareness among customers and technological innovations in nutraceutical ingredients industry are key factors contributing to high CAGR during the forecast period.
Market Size – USD 164.3 billion in 2019, Market Growth – CAGR of 7.2 %, Market Trends – Key Rising incidences of chronic diseases and food fortification mandates by government
According to the current analysis of Reports and Data, the global Nutraceutical Ingredients market was valued at USD 164.3 billion in 2019 and is expected to reach USD 266.9 billion by the year 2027, at a CAGR of 7.2%. Nutraceutical ingredients are derived from sources such as animal, plant, microbial, and synthetic, which provide health benefits, adding the primary nutritional value and functional benefits to various applications such as food, beverages, dietary supplements, animal nutrition, and personal care products. The industry comprises two principal segments: functional foods and nutritional supplements.
The growth of the industry is attributed to the growing consumer demand for fortified food & beverages, the increasing number of incidences of chronic diseases, and mandates on food fortification by government organizations due to inadequate levels of vitamins and minerals in the human body. The growth of the market is restricted due to higher costs of fortified products and different regulatory frameworks in different countries for nutraceutical ingredients; however, the high raw material production cost for nutraceuticals product may limit the consumers to avail its features. Consumers are likely to have better options to switch for low-cost alternative proteins. Limited quality nutraceutical manufacturing has increased the need to fill demand and supply gap. Also, the product supply through the lab-to-market pipeline is generally time-consuming. Increased competition in the market, lack of awareness, and advertisement about product benefits may prove to be hindrances to the market growth.
The global Nutraceutical Ingredients market is considerably fragmented with significant players like LB Minerals Ltd., Imerys S.A., KaMin LLC, Thiele Nutraceutical Ingredients Company, EICL Ltd., and Nutraceutical Ingredients AD among others that collectively constitute a competitive market.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data has segmented the Nutraceutical Ingredients market on the basis of type, application, health benefits, form, and region:
Type (Revenue in Billion USD; Volume in Kilotons 2017–2027)
Application (Revenue in Billion USD; Volume in Kilotons 2017–2027)
Form (Revenue in Billion USD; Volume in Kilotons 2017–2027)
Regional Outlook (Revenue in Million USD; Volume in Kilotons; 2017–2027)
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Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique Chapter 2. Executive Summary 2.1. Summary Snapshot, 2017 – 2027 Chapter 3. Indicative Metrics 3.1. Rising demand for fortified food 3.2. Increased awareness among customers 3.3. Technological innovations in Nutraceutical Ingredients Industry Chapter 4. Nutraceutical Ingredients Segmentation & Impact Analysis 4.1. Nutraceutical Ingredients Segmentation Analysis 4.2. Nutraceutical Ingredients Market Value Chain Analysis, 2017-2027 4.3. Regulatory framework 4.4. Nutraceutical Ingredients Market Impact Analysis 4.4.1. Market driver analysis 4.4.2. Market restraint analysis 4.5. Key opportunities prioritized 4.6. Nutraceutical Ingredients Pricing Analysis 4.7. Industry analysis – Porter’s 4.8. Nutraceutical Ingredients PESTEL Analysis
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share by Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Strategy Benchmarking 10.5. Vendor Landscape Chapter 11. Company Profiles 11.1. Cargill 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Product Length Benchmarking 11.1.4. Strategic Initiatives 11.2. BASF 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Product Length Benchmarking 11.2.4. Strategic Initiatives 11.3. ADM 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Product Length Benchmarking 11.3.4. Strategic Initiatives 11.4. Omega Protein Corporation 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Product Length Benchmarking 11.4.4. Strategic Initiatives
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