Nutraceutical Ingredients Market Size, Share, Trends, Outlook, Growth Opportunities, and Forecast 2023 - 2030

Nutraceutical Ingredients Market is segmented By Ingredients (Prebiotics, Probiotics, Omega Fatty acids, and structural lipids, Carbohydrates, and derivatives, Amino acid-based substances, Minerals, Others), By Application (Animal Nutrition, Child Nutrition, Dietary Supplements, Functional Food & Beverage, Pharmaceuticals, Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Nutraceutical Ingredients Market Report Overview

The Global Nutraceutical Ingredients Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Nutraceutical ingredients find application in various food and beverage products, dietary supplements, and personal care products. The market is driven by increasing awareness about the health benefits of nutraceutical ingredients and rising demand for functional food products in America is rising. Key players in the Nutraceutical Ingredients Market include Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, and other prominent players operating in the market.

Nutraceutical ingredients are referred to as the combination of nutrition and pharmaceutical ingredients. These ingredients are obtained through sources including animal, plant, microbial, and synthetic sources. Nutraceutical ingredients have a beneficial health impact including the prevention, diagnosis, and treatment of various chronic diseases such as obesity, cancer, high blood pressure, and diabetes.

The nutraceutical ingredients market was valued at USD XX million in 2022 and it is expected to grow at a CAGR of 7.8% to reach USD million by 2030.

Nutraceutical Ingredients Market Scope and Summary

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Nutraceutical Ingredients Market Dynamics and Trends

The market is driven by the demand for nutraceutical ingredients with the increasing prevalence of chronic diseases and non-communicable diseases along with the rising aging population. Nutraceutical ingredients are widely used for preparing functional food & beverage, animal nutrition, and personal care products.

There is a rise in the launch of nutraceutical ingredient products. For instance, in October 2019, Cargill launched Latitude, a sustainable, plant-based alternative source of Omega-3 for fish feed applications. The Latitude is effective in reducing the dependency on marine ingredients, including forage fish, and assures environmental degradation and overfishing of the oceans.

In August 2018, ADM added the Onavita algal DHA powder to its line of omega-3 product solutions. This new omega-3 powder is part of ADM’s expanding portfolio of health and wellness ingredients, such as probiotics, vitamins, botanical extracts, and nutritional oils. The Onavita algal DHA powder could be used in a wide variety of dietary supplements and fortified food products such as nutritional bars and powdered beverages and provide vegan and allergen-free labeling options for food, beverage, and supplement developers.

Several companies are focusing on expanding their manufacturing facility. For instance, in November 2019, Pivot Pharmaceuticals Inc. launched a manufacturing facility in Dollard-des-Ormeaux, Quebec, Canada. Along with research and development (R&D) and pilot-scale laboratories, this facility is comprised of 43,000 square feet of production and packaging space designed to optimize the manufacturing processes of Pivot branded value-added CBD and nutraceutical consumer products.

In January 2017, BASF opened its new technical application laboratory at Singapore Polytechnic. This new facility is known as the Nutrition Lab Asia Pacific. This facility would provide analytical services, and co-develop products with customers in the region.

Nutraceutical Ingredients Market Segment and Shares

The nutraceutical ingredients market is segmented based on product type as probiotics, proteins & amino acids, phytochemicals & plant extracts, fibers & specialty carbohydrates, omega-3 fatty acids, vitamins, prebiotics, carotenoids, minerals, and others. Vitamins account for the highest market share due to the rising demand for vitamin-enriched foods for the proper development, and functioning of our eyes, skin, immune system, and other body parts. The growing demand for nutritional and fortified food shall stimulate the market. Vitamins are also useful for reducing the progression of several diseases including malaria, HIV/AIDS, and measles, and for fertility, diarrhea, vision, child development, skin disorders, infections, and other diseases.

The prebiotic segment is expected to grow at the highest CAGR share due to the increasing consumption of prebiotics because of their gut health benefits. Prebiotics is useful for increasing the population of healthy bacteria, aiding digestion, and enhancing the production of valuable vitamins. Healthy bacteria are essential for regulating the immune system, inhibiting the growth of the pathogens, and digesting the food. Prebiotics is widely used for the fortification of food and beverage products. Prebiotics are used for feed products for increasing nutrient utilization efficiency in livestock.

Further, the nutraceutical ingredients market is also classified based on form as dry form and liquid form. The dry form accounts for the highest market share of XX% in 2019. The dry form of the nutraceutical ingredients is extracted through various downstream processes. The end products are obtained with the desired moisture content and nutrient concentration. There is high consumption of the dry form of the nutraceutical ingredients due to better stability and ease of usage. It is easy to handle and store the dry form of the nutraceutical ingredients. These nutraceutical ingredients have an aroma and long shelf life.

The liquid form of the nutraceutical ingredients segment is expected to have positive market growth. There is an increase in the number of companies developing the liquid form of nutraceutical ingredients due to their advantages such as constant and specification-oriented quality. There is no need for raising the investment for the equipment for dissolving.

Nutraceutical Ingredients Market Geographical Analysis

By region, the nutraceutical ingredients market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific dominated the nutraceutical ingredients market and is expected to grow at the highest CAGR during the forecasted period. There is a high demand for nutraceutical ingredients with growing consumer preferences for functional foods and beverages. The drastic market growth is expected to observe in developing countries such as India, and China due to the increasing older population. The increasing consumption of nutritional and health products shall boost the demand for nutraceutical ingredients over the forecasted period. It is further expected that the Asia-Pacific region shall maintain its dominant market position over the forecasted period.

North America is expected to have positive market growth as consumers are ready to spend a high price on healthy products due to their higher domestic and purchasing power. There is a growing consumption of nutraceutical ingredients enriched healthy foods with rising health and fitness concerns. There is a high availability of nutraceutical ingredients enriched by healthy foods in online retail stores. The drastic growth in functional beverages shall stimulate market growth.

Nutraceutical Ingredients Companies and Competitive Landscape

The nutraceutical ingredients market is highly competitive with the presence of several international and local market players. Product diversification, technological advancement, revenue generation, and opportunities intensify the market competition. Associated British Foods, Arla Foods, DSM, Ingredion, Tate & Lyle, Ajinomoto, Kyowa Hakko Kirin Group, and Glanbia Plc are the leading market players with significant market share.

Companies are using novel product launches, capacity utilization, technology advancement, new product development, and market expansion strategies for holding their position in the market. For instance, In May 2017, Marine Ingredients, a KD Pharma Group company expanded its organization to support the global omega-3 nutraceutical market. The company would provide the complete spectrum of omega-3 concentrates and minimally processed marine oils to the global nutraceutical market. The company would expand its presence in every market.

In December 2017, Arla Foods entered into a joint venture with PT Indofood CBP Sukses Makmur Tbk one of the leading fast-moving consumer goods companies and dairy players in Indonesia. This merger would allow the company to strengthen its business in Southeast Asia

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for the nutraceutical ingredients market and their expansion across the globe. For instance, In January 2017, OmniActive Health Technologies acquired an 85% stake in Bengaluru-based fragrance and specialty chemicals maker Indfrag. This acquisition would provide the company the distribution capability in the markets including South Korea and the United States. This would provide the company with additional production capacity and bolster its overall product portfolio.

In October 2016, KD Pharma merged with the Marine Ingredients. The combination of the Marine Ingredients’ products, customers, and finished goods manufacturing capabilities combined with the technology and global presence of KD Pharma would serve a much broader segment of the market.  

Several companies are raising investment and funding for increasing market expansion. For instance, in January 2017, OmniActive Health Technologies received an investment of the USD 35 million from the private equity firm Everstone Group to further accelerate its growth in the fast-expanding nutraceuticals space.

Why Purchase the Report?

• Visualize the composition of the nutraceutical ingredients market products in terms of product type, form, health benefits, and application highlighting the critical commercial assets and players.
• Identify commercial opportunities in the Nutraceutical Ingredients market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of global nutraceutical ingredients market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global Nutraceutical Ingredients market report will provide access to approximately 53 Market data tables, 44 figures, and 178 pages

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