Nutraceutical Ingredients Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Form ; By Application ; By Region

Description

Global Nutraceutical Ingredients Market Expanding to Touch Whopping USD 296 Billion by 2029

Global nutraceutical ingredients market is flourishing because of an increasing prevalence of chronic diseases and lifestyle-related disorders, high demand for functional foods and dietary supplements, and growing consumer interest in preventive healthcare and wellness products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global nutraceutical ingredients market size at USD 182.45 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global nutraceutical ingredients market size to grow at a significant CAGR of 7.25% reaching a value of USD 295.65 billion by 2029. Major growth drivers for global nutraceutical ingredients market include an increasing prevalence of chronic and infectious illnesses coupled with the expanding utilization of nutraceutical ingredients in the food and beverages sector. These properties have led to a growing demand for nutraceutical ingredients among producers of dietary supplements. The increasing awareness of health and fitness is driving the demand for nutraceutical substances derived from sources such as plants, animals, synthetics, and microorganisms. Furthermore, the government's focus on tackling malnutrition and undernutrition in developing countries is expected to further boost the growth of the market for nutraceutical ingredients in the coming years.

Global Nutraceutical Ingredients Market - Overview:

The nutraceutical ingredients market refers to the global market for components, such as vitamins, minerals, amino acids, and other bioactive compounds, that are derived from natural food sources and are used in the production of functional foods, dietary supplements, and other health and wellness products. These ingredients are believed to have potential health benefits beyond their basic nutritional value and are used to prevent or treat various health conditions, such as cardiovascular disease, digestive disorders, and cognitive decline, among others. The market includes various types of nutraceutical ingredients, such as prebiotics, probiotics, omega-3 fatty acids, plant extracts, and others, and is driven by increasing consumer demand for natural and functional foods and supplements that can help support a healthy lifestyle.

Impact of COVID-19 on Global Nutraceutical Ingredients Market

COVID-19 pandemic adversely affected the global nutraceutical ingredients market. The pandemic caused disruptions in the supply chain of raw materials, leading to shortages and price fluctuations. The closure of manufacturing facilities and restrictions on transportation also contributed to the significant decline in the market growth. The economic slowdown caused by the pandemic led to a decline in consumer purchasing power, resulting in reduced demand for high-priced nutraceutical ingredients. Also, the pandemic heightened consumer awareness of the importance of maintaining good health, leading to increased demand for nutraceutical products. However, the market recovered post-pandemic, and consumers continue to prioritize their health and wellbeing. Also, the increasing trend toward preventive healthcare and the growing popularity of functional foods and dietary supplements are expected to create new opportunities for the nutraceutical ingredients market in the post-pandemic era.

Global Nutraceutical Ingredients Market - By Product:

By product, the global nutraceutical ingredients market is divided into Probiotics, Prebiotics, Vitamins, Amino Acids, Carotenoids, Phytochemicals & Plant Extracts, Protein, EPA/DHA, Minerals, and Fiber & Carbohydrates segments. The protein segment is expected to hold the highest share in the global nutraceutical ingredients market during the period in analysis. Proteins are essential macronutrients that play a vital role in tissue building and repair, maintaining muscle mass, and supporting the immune system. As a result, they are highly sought-after in the production of dietary supplements and functional foods. Additionally, the increasing prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular diseases has fueled the demand for protein-based nutraceutical products, as they are known to promote weight loss, regulate blood sugar levels, and improve cardiovascular health. The growing trend of plant-based and vegan diets has led to a higher demand for plant-based protein ingredients, such as soy, pea, and rice protein. Also, technological advancements in protein extraction and isolation techniques have made it easier to produce high-quality protein ingredients at a lower cost, further propelling the growth of the protein segment in the nutraceutical ingredients market.

Competitive Landscape:

Major players operating in the global nutraceutical ingredients market include: Cargill, Incorporated, DSM Nutritional Products AG, BASF SE, Archer Daniels Midland Company, DuPont de Nemours, Inc., Ingredion Incorporated, Lonza Group Ltd., Ajinomoto Co., Inc., Kerry Group plc, Tate & Lyle plc, Arla Foods amba, Nutraceutical International Corporation, Nature's Sunshine Products, Inc., Balchem Corporation, and Sabinsa Corporation. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Nutraceutical Ingredients Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Nutraceutical Ingredients Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22545

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Nutraceutical Ingredients Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing consumer interest in preventive healthcare and wellness products
  - 3.2.1.2. Increasing demand for functional foods and dietary supplements
  - 3.2.1.3. Growing prevalence of chronic diseases and lifestyle-related disorders
- 3.2.2. Restraints
  - 3.2.2.1. Limited consumer awareness and skepticism about the efficacy of nutraceutical ingredients
  - 3.2.2.2. Availability of alternative treatments and therapies
- 3.2.3. Opportunities
  - 3.2.3.1. Increasing demand for personalized nutrition and nutraceutical products
  - 3.2.3.2. Rising adoption of plant-based and vegan diets
- 3.2.4. Challenges
  - 3.2.4.1. Short shelf-life of some nutraceutical ingredients and products
3.3. Product Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Nutraceutical Ingredients Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share and Forecast
- 4.2.1. By Type
  - 4.2.1.1. Probiotics
  - 4.2.1.2. Prebiotics
  - 4.2.1.3. Vitamins
  - 4.2.1.4. Amino Acids
  - 4.2.1.5. Carotenoids
  - 4.2.1.6. Phytochemicals & Plant Extracts
  - 4.2.1.7. Protein
  - 4.2.1.8. EPA/DHA
  - 4.2.1.9. Minerals
  - 4.2.1.10. Fiber & Carbohydrates
- 4.2.2. By Form
  - 4.2.2.1. Dry
  - 4.2.2.2. Liquid
- 4.2.3. By Application
  - 4.2.3.1. Dietary Supplements
  - 4.2.3.2. Functional Food and Beverage
  - 4.2.3.3. Animal Nutrition
  - 4.2.3.4. Others
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Nutraceutical Ingredients Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Form
- 5.2.3. By Application
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Type
  - 5.2.4.1.2. By Form
  - 5.2.4.1.3. By Application
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Type
  - 5.2.4.2.2. By Form
  - 5.2.4.2.3. By Application

6. Europe Nutraceutical Ingredients Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Form
- 6.2.3. By Application
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Type
  - 6.2.4.1.2. By Form
  - 6.2.4.1.3. By Application
  - 6.2.4.2. United Kingdom
  - 6.2.4.2.1. By Type
  - 6.2.4.2.2. By Form
  - 6.2.4.2.3. By Application
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Type
  - 6.2.4.3.2. By Form
  - 6.2.4.3.3. By Application
  - 6.2.4.4. France
  - 6.2.4.4.1. By Type
  - 6.2.4.4.2. By Form
  - 6.2.4.4.3. By Application
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Type
  - 6.2.4.5.2. By Form
  - 6.2.4.5.3. By Application
  - 6.2.4.6. Belgium
  - 6.2.4.6.1. By Type
  - 6.2.4.6.2. By Form
  - 6.2.4.6.3. By Application
  - 6.2.4.7. Russia
  - 6.2.4.7.1. By Type
  - 6.2.4.7.2. By Form
  - 6.2.4.7.3. By Application
  - 6.2.4.8. The Netherlands
  - 6.2.4.8.1. By Type
  - 6.2.4.8.2. By Form
  - 6.2.4.8.3. By Application
  - 6.2.4.9. Rest of Europe
  - 6.2.4.9.1. By Type
  - 6.2.4.9.2. By Form
  - 6.2.4.9.3. By Application

7. Asia Pacific Nutraceutical Ingredients Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Form
- 7.2.3. By Application
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Type
  - 7.2.4.1.2. By Form
  - 7.2.4.1.3. By Application
  - 7.2.4.2. India
  - 7.2.4.2.1. By Type
  - 7.2.4.2.2. By Form
  - 7.2.4.2.3. By Application
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Type
  - 7.2.4.3.2. By Form
  - 7.2.4.3.3. By Application
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Type
  - 7.2.4.4.2. By Form
  - 7.2.4.4.3. By Application
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Type
  - 7.2.4.5.2. By Form
  - 7.2.4.5.3. By Application
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Type
  - 7.2.4.6.2. By Form
  - 7.2.4.6.3. By Application
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Type
  - 7.2.4.7.2. By Form
  - 7.2.4.7.3. By Application
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Type
  - 7.2.4.8.2. By Form
  - 7.2.4.8.3. By Application
  - 7.2.4.9. Vietnam
  - 7.2.4.9.1. By Type
  - 7.2.4.9.2. By Form
  - 7.2.4.9.3. By Application
  - 7.2.4.10. Rest of APAC
  - 7.2.4.10.1. By Type
  - 7.2.4.10.2. By Form
  - 7.2.4.10.3. By Application

8. Latin America Nutraceutical Ingredients Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Form
- 8.2.3. By Application
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Type
  - 8.2.4.1.2. By Form
  - 8.2.4.1.3. By Application
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Type
  - 8.2.4.2.2. By Form
  - 8.2.4.2.3. By Application
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Type
  - 8.2.4.3.2. By Form
  - 8.2.4.3.3. By Application
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Type
  - 8.2.4.4.2. By Form
  - 8.2.4.4.3. By Application
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Type
  - 8.2.4.5.2. By Form
  - 8.2.4.5.3. By Application

9. Middle East & Africa Nutraceutical Ingredients Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Form
- 9.2.3. By Application
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Type
  - 9.2.4.1.2. By Form
  - 9.2.4.1.3. By Application
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Type
  - 9.2.4.2.2. By Form
  - 9.2.4.2.3. By Application
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Type
  - 9.2.4.3.2. By Form
  - 9.2.4.3.3. By Application
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Type
  - 9.2.4.4.2. By Form
  - 9.2.4.4.3. By Application
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Type
  - 9.2.4.5.2. By Form
  - 9.2.4.5.3. By Application
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Type
  - 9.2.4.6.2. By Form
  - 9.2.4.6.3. By Application
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Type
  - 9.2.4.7.2. By Form
  - 9.2.4.7.3. By Application
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Type
  - 9.2.4.8.2. By Form
  - 9.2.4.8.3. By Application

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Nutraceutical Ingredients Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Covid-19 on Global Nutraceutical Ingredients Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. Cargill, Incorporated
12.2. DSM Nutritional Products AG
12.3. BASF SE
12.4. Archer Daniels Midland Company
12.5. DuPont de Nemours, Inc.
12.6. Ingredion Incorporated
12.7. Lonza Group Ltd.
12.8. Ajinomoto Co., Inc.
12.9. Kerry Group plc
12.10. Tate & Lyle plc
12.11. Arla Foods amba
12.12. Nutraceutical International Corporation
12.13. Nature's Sunshine Products, Inc.
12.14. Balchem Corporation
12.15. Sabinsa Corporation
12.16. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations