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Nutraceuticals is describe as any product derived from food sources with extra health benefits in addition to the basic nutritional value found in foods. Nutraceutical is a commercial term used for foods or food products that might help to prevent and treat diseases. Nutraceuticals can include prebiotics, probiotics, amino acids, peptides, proteins, vitamins and minerals, fibers and carbohydrates and other dietary supplements. Nutraceuticals consumes food products to be taken as part of the usual diet to have beneficial effects that go beyond basic nutritional function and used to promote general well-being, control symptoms and prevent malignant processes.
Nutraceuticals are also called functional foods. Nutraceuticals are can be considered non-specific biological therapies that could play an important role in biological processes, including antioxidant defenses, cell proliferation, gene expression, and safeguarding of mitochondrial integrity. Therefore nutraceuticals may be used to improve health, prevent chronic diseases, postpone the aging process (and in turn increase life expectancy), or just support functions and integrity of the body. They are considered to be healthy sources for prevention of life threatening diseases such as diabetes, renal and gastrointestinal disorders, as well as different infections.
Asia Pacific is the largest market size for nutraceutical ingredients market both in terms of volume and revenue in 2023 and is anticipated to grow at a significant during the forecast period both in terms of value and volume. Factors such as the rise in awareness about health and fitness, the rising government mandates for food security and quality, increasing urbanization, increased life expectancy among consumers, and changes in lifestyles are boosting the growth of the market. However, increased prices of nutraceutical ingredients may prove to be barrier for the growth of nutraceutical ingredients market as these high prices may hamper the demand for the nutraceutical ingredient.
Nutraceutical Ingredients Market Report: Product Type
Nutraceutical Ingredients Market Report: Application
Nutraceutical Ingredients Market: Company Analysis
Geographical analysis of Nutraceutical Ingredients Market:
Global Nutraceutical Ingredients Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 208027.18 million |
Forecast Value (2031) |
USD 329699.92 million |
CAGR (2025-2030) |
6.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Nutraceutical Ingredients Market was valued at around USD 208027.18 million in 2023 & estimated to reach USD 329699.92 million by 2030.
Nutraceutical Ingredients Market is likely to grow at Compound Annual Growth Rate (CAGR) of 6.8% between 2024 to 2030.
Nutraceutical Ingredients Market is dominated by the Probiotics segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Nutraceutical Ingredients Market are Archer Daniel Midland Co., BASF SE, Cargill Inc., DuPont, Royal DSM N.V., Tate & Lyle, Ajinomoto, FMC, Ingredion, Lonza, Evonik, Balchem Corporation, Arla Foods Ingredients Group, Blue California, Kemin Industries.
Primary driving factors for the growth of the Nutraceutical Ingredients Market include Rise in awareness about health and fitness, the rising government mandates for food security and quality, increasing urbanization, increased life expectancy among consumers, and changes in lifestyles.
Yes, the report includes COVID 19 impact on the market.
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