Nutraceutical Ingredients Market - Global Industry Analysis and Forecast (2024-2030)

Nutraceutical Ingredients Market Overview

 

A Nutraceutical is defined as a food or the elements of food obtained from plant life or animal origin with significant health benefits. Nutrients like vitamins, minerals, amino acids, and nutritional fibers are found in these materials. The Nutraceutical Ingredients are used in a variety of functional foods and beverages to boost their nutritional value. The growing customer preference for natural goods is a significant key factor that helps the market growth. The increasing consumption of nutraceutical enhancements boosts the market growth of the nutraceutical ingredients market. The rising demand for fortified food improves the nutritional quality of food products which led to the driving growth of the nutraceutical market. Technological advancements in nutraceutical ingredients are the major opportunity in the nutraceutical ingredient market to improve ingredient excellence and manufacturing performance. The nutraceutical ingredients market also faces several challenges associated with skepticism toward new products due to concerns about efficiency, safety, and reality. The nutraceutical ingredients market is analyzed based on type, form, application, end-user, and region.

 

The Companies involved in Nutraceutical Ingredients development are working to bring original manufacturing substitutes to improve the nutritional quality of products. BASF SE, DuPont de Nemours, Inc., Cargill, Inc., Nestlé Health Science, Amway Corporation, Herbalife Nutrition Ltd., Kerry Group plc (Ireland) are among the major leading players spending widely on Nutraceutical Ingredients Product R&D. North America is the dominant region in Nutraceutical Ingredient market due to increasing demand for fortified food in that region as well the increasing awareness in health and wellness North America.

 

 

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Nutraceutical Ingredients Market Dynamics

 

Rising Demand for Fortified Food driving the growth of the Nutraceutical Ingredient Market.

 

The increasing growth in chronic diseases is a major problem all over the world. This results in increasing consumer awareness of healthy food products. Fortified food products are the fastest-growing health and wellness food and beverages class worldwide.  Generally, fortified food is defined as the process of increasing the content of one or more micronutrients consisting of vitamins and minerals in food and enhancing their nutritional quality. Fortified food has diverse health benefits which include improving growth and development in children, preventing insufficiencies that lead to illness, and so forth. Fortified food products are better with additional vitamins to improve their nutritional cost. The nutritional substances which include probiotics, omega-3 fatty acids, and antioxidants, have become fundamental components of fortified ingredients. These ingredients are associated with diverse health benefits which include advanced digestive health, cardiovascular support, and stronger immune function. The rise in lifestyle-associated diseases including obesity and diabetes has pushed a shift towards functional foods that offer more than basic nutrition.  In 2021, over 2 billion people which includes one in two pre-school-elderly youngsters and 3 women of reproductive age suffering from micronutrient deficiency consequently, 60 international locations have applied for countrywide fortification programs with the help of WFP’s support.

 

Product-based and Technological Innovations in Nutraceutical Ingredients are the major opportunities in Nutraceutical Ingredients Market.

 

The Nutraceutical Ingredients market experiencing a significant opportunity driven by the increasing growth of product-based and technological innovations. Products-based innovations in the Nutraceutical Ingredients market focus on the development of new and improved creations that improve efficiency, bioavailability, and consumer demand for nutraceutical products. Companies are investing in research to create new ingredients and optimize existing ones. Advancement in the integration of natural extracts, probiotics, prebiotics, and functional foods that offer targeted health benefits. The technological innovations in the Nutraceutical Ingredients market involve the strongest technologies to improve ingredient quality., production efficiency, and product personalization. This includes advancements in extraction and purification processes such as fluid extraction and nanotechnology which improve the effectiveness and stability of active compounds. Biotechnology plays an important role in developing bioengineered ingredients with enhanced nutritional and better immersion rates. Digital technologies such as data analytics and AI are also transforming the market by allowing personalized nutrition solutions and reformation of the research and development process. These technological advancements not only improve the performance and safety of nutraceutical products but also enable more specific and custom-made health involvements. In 2021, Mission Poshan 2.0 the nutraceutical industry provides a unique amalgamation of traditional science and modern technologies. These are the major opportunities in the Nutraceutical Ingredients market.

 

Consumer Skepticism Towards New Products is a Major Challenge in the Nutraceutical Ingredients Market

 

Consumer skepticism towards new products is a significant challenge in the Nutraceutical Ingredients market due to concerns about efficiency, safety, and reality. Many consumers are wary of the dues made by new nutraceutical products particularly when it comes to their health benefits. This skepticism is often fueled by a lack of strong scientific evidence, inconsistent product quality, or misleading advertising practices. The demand for nutraceutical products which include nutritional supplements has increased recently the majority population is skeptical about using them, especially dietary supplements. The lack of knowledge about nutraceuticals and the growing consumer awareness about them among rural and semi-urban consumers delay important players from investing. Consumers are less likely to try new nutraceutical products if they are skeptical about their benefits or safety which leads to reduced product adoption. Extensive skepticism can decrease market growth by limiting consumer spending on nutraceutical products. These are the factors that affect the growth of the Nutraceutical Ingredients market.

 

Nutraceutical Ingredients Market Segment Analysis

 

Based on the Type, the global Nutraceutical Ingredients market is segmented into Vitamins, Probiotics, Minerals, Proteins and Amino Acids, Fibres and Speciality Carbohydrates, and others. Probiotics held the largest market share in 2023 and are expected to grow exponentially during the forecast period. Probiotics have several advantages when consumed at sufficient levels. They improve gut health and reduce intestinal irritation. Thus probiotics are useful microorganisms that promote gut health, immune function, and digestive well-being which led to probiotics as a dominant segment in the Nutraceutical Ingredients market.

 

Proteins are expected to hold the largest share in the forecast year. As proteins are building blocks of amino acids and are important for muscle, growth, repair, and ordinary health.  The increasing focus on fitness and muscle building rises the demand for protein-rich products. They also help athletes, bodybuilders, and the aging population.

 

 

Based on the Form, the market is classified as Dry and Liquid.  The Dry segment dominated the Nutraceutical Ingredients market.  This is due to their versatility, cost-effectiveness, and traditional preference for tablets, capsules, and powders in dietary supplements. Dry forms are more stable and have longer shelf life as compared to the liquid forms. They can be easier to produce and also less expensive to manufacture. Dry forms are more flexible and often used in dietary supplements and functional foods. The manufacturing and packaging of dry ingredients are often less costly and making them more economically auspicious. Dry forms are generally used in enhancements and are suitable for various types of applications. Liquid forms are expected to dominate the market in the forecast year. Liquid forms offer better bioavailability because they are easier to digest and absorb. They are often used in beverages and other additives in functional drinks. The advancement in technology and inventions has improved the stability and efficiency of liquid forms and led to dominate the segment in the forecast year.

 

 

Nutraceutical Ingredients Market Regional Analysis

 

In 2023, North America held the largest share of the Nutraceutical Ingredients market and is expected to experience significant growth during the forecast period. This development is driven by the rising occurrence of chronic diseases and increasing demand for Fortified food. North America particularly the US is the major player in the Nutraceutical Ingredient market. The presence of key Nutraceutical Ingredients market players like Amway Corporation, DuPont de Nemours, Inc., and Cargill, Inc. further strengthens the regional market. The constant focus of these companies on research and development increases the accessibility of fortified food within the market which ultimately increases the regional Nutraceutical Ingredients market size. The region dominates the market due to the increase in awareness about health and wellness and advanced healthcare infrastructure.

 

The Asia Pacific is the second-largest Nutraceutical Ingredients market. Countries like China, India, and Japan contribute significantly to the market growth. The region dominates the market due to increasing awareness about health and wellness, increasing disposal incomes, and changing lifestyles. The development of the middle class and rising consumer expenses on health products also led to a boost the market growth in Asia Pacific. The government initiatives also support the nutraceutical sector. The technological advancement in the food and beverages industry and the large availability of raw substances with massive production capabilities led to an increasing demand for nutritional dietary supplements in this region. The rapid urbanization in the Asia Pacific is the key aspect that drives the growth of the Nutraceutical Ingredients market.

 

Nutraceutical Ingredients Market Competitive Landscape

 

The competitive landscape of the Nutraceutical Ingredients market is dynamic, shaped by various key factors including technological advancement in the food and beverages industry, regulatory environment, market association, and strategic partnerships. BASF SE, DuPont de Nemours, Inc., Cargill, Inc., Nestlé Health Science, Amway Corporation, Herbalife Nutrition Ltd., Kerry Group plc, and Royal DSM are the top Nutraceutical Ingredients market leaders in the world. BASF SE is the leading player in the Nutraceutical Ingredients market. It offers a wide variety of nutraceutical ingredients such as vitamins and amino acids. The company spends significantly on research and development to create innovative nutraceutical ingredients. This focus on innovation helps BASF to maintain its position in the market as a leading player. The company has partnerships with other industrial players such as food and beverage manufacturers. These collaborations support BASF to influence corresponding expertise and expand its market. The company also focuses on making strong customer relationships and providing technical support to ensure the highest standard of quality.

 

The DuPont de is also the leading player in the Nutraceutical Ingredient market. The company deals with a wide variety of nutraceutical ingredients including probiotics, vitamins, and minerals. DuPont de spends heavily in research and development to develop high-quality ingredients. Their strong awareness of evidence-based products helps them to maintain their leadership position in the Nutraceutical Ingredients market. DuPont de has developed some of the most advanced probiotic strains such as the DuPont HOWARU line. This supports various health benefits such as digestive health and immune support.

 

Nutraceutical Ingredients Market Scope
Market Size in 2023	USD 164.2 Bn.
Market Size in 2030	USD 315.22 Bn.
CAGR (2024-2030)	9.76%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Type Vitamins Probiotics Minerals Proteins and Amino Acids Fibres and Speciality Carbohydrates Others
	By Form Dry Liquid
	By Application Functional Foods Functional Beverages Dietary Supplements Animal Nutrition Others
	By End-user  Food and Beverages Manufacturers Health Supplement Manufacturers Pharmaceutical Manufacturers Animal Feed Manufacturers  Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Key Player in the Nutraceutical Ingredients Market

 

1. BASF SE (Germany)
2. DuPont de Nemours, Inc. (US)
3. Cargill, Inc. (US)
4. Nestlé Health Science (Switzerland)
5. Amway Corporation (US)
6. Herbalife Nutrition Ltd. (US)
7. Kerry Group plc (Ireland)
8. Royal DSM (Netherland)
9. Ginkgo BioWorks (US)
10. Brenntag AG (Germany)
11. GlaxoSmithKline plc (UK)
12. Lonza Group AG (Switzerland)
13. Ingredion Incorporated (US)
14. Givaudan SA (Swizerland)
15. Alchem International (India)
16. Azelis (Belgium)
17. Tate & Lyle PLC (UK)
18. Takasago International Corporation (Japan)
19. XX.Inc.