Industry Background:
Nutritional Ingredients are basic food elements which have high nutrient contents, thus being more beneficial to the health of the consumers of that food. Nutritional Ingredients are of various types such as probiotics, vitamins, minerals, proteins, amino acids and others. Growing demand for high nutritional content food has resulted in increasing demand for nutritional ingredients. Many Govt.’s around the world has also nutritional requirements of processed food items which again has increased the demand of nutritional ingredients. Geographically, Asia Pacific is expected to emerge as the largest market over the coming decade.
According to AMA Research, the market for Nutritional Ingredients is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Increasing Consciousness about Healthier Meals
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Food Products sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as International Flavors & Fragrances, Inc. (United States), Evonik Industries AG (Germany), Archer-Daniels-Midland Company (United States), Cargill Inc. (United States), BASF SE (Germany), Darling Ingredients Inc. (United States), PureCircle (Malaysia), Koninklijke DSM N.V (Netherlands), Kerry Group plc (Ireland) and Tate & Lyle Plc (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2021, EW Nutrition, a global animal nutrition solutions provider has announced acquisition of Novus International’s business of Feed Quality and Pigments. The acquisition deal includes various Novus International owned renowned brands such as Agrado, Santoquin and Others. The new deal is said to expand EW’s both geographical footprints and their product portfolio.
In 2021, International Flavors & Fragrances, Inc., a producer of flavours, fragrance and other cosmetic ingredients has announced completion of their merger with DuPont’s Nutrition & Biosciences Business. The acquisition is said to create a long term growth, highest research and development spending and a diverse set of product portfolio. The combined entity is said to be emerging as the clear market leader in ingredients space.
Influencing Trend:
Dietary Supplements Market is rising in Popularity
Market Growth Drivers:
Increasing Consciousness about Healthier Meals and Rising Govt. Requirements for Healthier Processed Food
Challenges:
Presence of Counterfeit and Adulterated Products in Market
Restraints:
Stringent Govt. Regulations
Opportunities:
Medical Nutrition has High Potential Owing to Recent Pandemic and Increased Medical and Healthcare Spending
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Nutritional Ingredients Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Nutritional Ingredients Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Nutritional Ingredients players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nutritional Ingredients Study Sheds Light on
The Nutritional Ingredients Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nutritional Ingredients industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nutritional Ingredients industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.