About Nutraceutical Ingredients
Nutraceutical ingredient is a portmanteau of the terms nutrition and pharmaceutical ingredients. These are derived from sources such as animal, plant, microbial, and synthetic. Nutrition Ingredient provides health benefits, adding the primary nutritional value and functional benefits to various applications such as food, beverages, dietary supplements, animal nutrition, and personal care products. There is being a potential demand for nutrition ingredients in developing economies, as industrial growth has translated into greater urbanization along with the huge base of population and higher per capita incomes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Nutraceutical Ingredients market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill (United States), Nestle (Switzerland), BASF (Germany), ADM (United States), Omega Protein Corporation (United States), DSM (Netherlands), Ingredion (United States), Arla Foods (Denmark), Tate & Lyle (United Kingdom), Ajinomoto (Japan), DowDuPont (United States), Chr. Hansen (Denmark), Kyowa (Japan), Glanbia (Ireland), Fonterra (New Zealand), Associated British Foods (United Kingdom), Sigma-Aldrich (United States) and Evonik (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are FMC, Lonza, Balchem Corporation, Blue California, Kemin Industries, Nutraceutix, Riken Vitamin and Yakult Honsha.
Segmentation Overview
AMA Research has segmented the market of Global Nutraceutical Ingredients market by Type (Prebiotics, Probiotics, Minerals, Vitamins, Omega-3 fatty acids, Fibers & specialty carbohydrates, Proteins & amino acids, Carotenoids, Phytochemical & plant extracts and Others (glucosamine, chondroitin, and polyols)), Application (Food, Beverages, Dietary Supplements, Animal Nutrition and Personal Care) and Region.
On the basis of geography, the market of Nutraceutical Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Dry will boost the Nutraceutical Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing Incidences of Chronic Diseases and Growth in the Demand for Fortified Food Owing to the Increasing Health Consciousness Amongst Consumers
Challenges:
Consumer Skepticism Associated With Nutraceutical Products
Restraints:
High Costs of Fortified Products Dissuading Large-Scale Usage
Opportunities:
Technological Innovations in the Nutraceutical Ingredients Industry
Market Leaders and their expansionary development strategies
In December 2023, OmniActive Health Technologies, an integrated nutraceutical ingredient maker, is scouting for acquisitions to enlarge its product basket, gain access to customers and technologies, and expand geographically.
In December 2021, ÄKTA Nutrition, anounced the partnership with Sundyota Numandis Group, announced that they have developed a nutraceutical product line utilizing quality ingredients. Sourced from trusted suppliers around the world; ÄKTA is committed to investing in economies by sourcing locally produced ingredients.
Key Target Audience
Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.