What is driving the growth of the nutraceutical ingredients market?
The market is booming due to increased awareness of health benefits, rising demand for functional foods, preventive healthcare trends, and growing chronic disease prevalence.
Which nutraceutical ingredient segment is the fastest-growing?
Probiotics hold the top spot, accounting for over 32.9% of the market share. Their gut-supporting properties and wide applications drive their popularity.
What are the major challenges facing the nutraceutical ingredients market?
Strict regulations, lack of standardized product compositions, and varying government stances on ingredients pose challenges for market expansion.
Who are the key players in the Nutraceutical Ingredients Market?
Key players are Associated British Foods, Arla Foods, DSM, Ingredients, Tate & Lyle, Ajinomoto, CHR. Hansen, Kyowa Hakko Kirin Group, Glanbia Plc, and Fonterra Co-Operative Group Limited.