Consumer Goods & Retail

Global Nutraceutical Market

February 4, 2020
ID: SR/CG-14
Format:Pdf
Pages:220

Global Nutraceutical Market by Type (Probiotics, Proteins & Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates), By Application (Food, Beverages, Animal Nutrition, Dietary Supplements),and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Description

Global Nutraceutical Market Overview

The global nutraceutical market was valued at USD 352.92 billion, and it is expected to reach USD 658.11 billion with a CAGR of 9.3 % during the forecast period of 2022-2028.

Nutraceutical products contain nutritional value, protein, fibers, amino acid, antioxidants, probiotics, which are consumed in the form of functional food, medicines, and personal care products. Nutraceutical products refer to items that can supplement the nutritional elements that are lacking and lost in the human body.

The essential nutrients in the nutraceutical products are vitamins, minerals, fiber, lactic acid bacteria, protein, lecithin, EPA, DHA, collagen, chondroitin, etc. Nutraceutical ingredients are the constituent elements of the human body and are indispensable nutrients for maintaining good health.

Global Nutraceutical Market Insights

Global Nutraceutical Market projected to grow with a noteworthy rate over the estimated period, 2020-2027. The major driving forces of the Nutraceutical market are increasing chronic diseases, government reinforcement on food, consumers seeking alternatives to better health, nutritional drinks, and foods that help in maintaining their weight, diet, and digestive health. The demand for nutraceutical is rising due to its versatile nature, based on which it is used in various applications such as animal food, personal care, pharmaceuticals, and food and beverages.

Moreover, the improvement in people’s quality of life, more and more attention paid to daily dietary supplements. Dietary supplements occupy the absolute mainstream position among all nutritional health products. Along with the aging of the population, the related industries such as pension and medical care are booming. Additionally, nutrition and health products that improve sleep, laxatives, increase bone density, assist in lowering blood lipids, hangover, and protect liver function also have a significant growth in the nutraceutical market.

The nutraceutical market is growing due to the continuous improvement of per capita income level and the constant emphasis on nutrition and medical care, and health care products. Along with social progress and economic development, human beings are increasingly concerned about their health. At the same time, the regulatory system of the industry has changed. It has also fully released the market vitality, and the supply and demand for healthy food have been increasing.

Growth Driver

The demand for organic ingredients in personal care products

Personal care sector demand has been increased due to organic ingredients present in cosmetics products. The female population considers beauty as a significant aspect to look young and fit. Owing to these factors, the demand for natural ingredients that are present in personal care products is rising as they have antioxidants, which help in reducing fine lines, blemishes, anti-aging, and pigmentation. Additionally, the natural extract like sandalwood, purple corn in beauty products helps in building the trust of the consumers and leads to emerging demand in the market. Therefore, it helps in creating a massive demand for personal care products demand in the global nutraceutical market.

Nutrition and flavors increase the demand

About 70% of the consumer believe that along with nutrition, taste and flavor are more essential attributes in any food. Despite having the same formula label, different protein choices can result in products with different functions and tastes. Therefore, considering the final product, protein solutions specifically designed to meet the specific texture and flavor of nutrition, food, and beverages are customized according to the consumer requirement.

Type Segmental Analysis

Based on Type, the global Nutraceuticals market classified into Probiotics, Proteins, Amino acids, Phytochemicals & Plant Extracts, and Fibers & Specialty Carbohydrates. The Probiotics segment expected to boost the demand in the forecast years from 2020-2027. Due to the growing demand for probiotics in the cosmetics industry to reduce anti-aging and restore the natural balance of the skin, and in the food and beverages industry, to improve gut function and improves the immunity.

Application Segmental Analysis

Based on the Application, the global nutraceuticals market segmented into Food and Beverages, Animal Nutrition, Dietary supplements, and Animal Nutrition. The Dietary supplements segment is expected to boost during the forecast period owing to the changing needs of the consumer lifestyle and looking for a healthier substitute for protein and fiber and nutrients available in a balanced amount.

Region Segmental Analysis

Based on geography, the global Nutraceutical market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific has captured a significant share in 2019 and will witness to cater the largest share in forecast year. Due to this, more and more consumers are using high-protein products as an essential supplement to their diet to obtain a dual experience of taste and nutrition. The demand for neutracosmetics has also increased due to anti-aging concerns. Also, in developing economies like China and India, the demand for nutraceuticals has emerged due to their concerns towards natural ingredients present in the products like Neem Extract and purple corn used in cosmetics and medicines lead to an increase in the demand of the Asia Pacific Nutraceuticals market.

Competitor Analysis

Companies such as Cargill, BASF, ADM, Omega Protein Corporation, DSM, Ingredion, Arla Foods, Tate & Lyle, Ajinomoto, DowDuPont, Chr. Hansen, Kyowa, Glanbia, Fonterra, Associated British Foods, Sigma-Aldrich, and Evonik are key prominent players in the global nutraceuticals Market.

Key Stakeholders

Market research and consulting firms
Industry associations
Global Nutraceuticals manufacturing companies
Research organizations and consulting companies
Organizations, associations, and alliances related to global nutraceuticals market.
Regulatory bodies
Retailers
Suppliers

Scope of the Report

Report Attribute	Details
Market size value in 2021	USD 352.92 billion
The revenue forecast in 2028	USD 658.11 billion
Growth Rate	CAGR of 9.3 % from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Cargill, BASF, ADM, Omega Protein Corporation, DSM, Ingredion, Arla Foods, Tate & Lyle, Ajinomoto, DowDuPont, Chr. Hansen, Kyowa, Glanbia, Fonterra, Associated British Foods, Sigma-Aldrich, Evonik and other Companies are key players.

Recent Development

In May 2021, General Mills launched a new snack brand called Good Measure designed to spike the blood sugar of the person snacking. Currently, the Good Measure brand has two products: creamy nut butter bars and crunchy almond crisps. The bars are available in various flavors, starting with Blueberry & Almond, Peanut & Dark Chocolate, and Almond & Dark Chocolate.
In 2010, OmniActive, an amazing variety of marigold flowers to extract medical quality lutein, was started. Lutein is the key ingredient for eye-health supplements. What started with 1,000 acres of land has grown to 10,000 acres today. Not just that, it has increased the farmers’ income by 10x and has reduced the import needs of the marigold flowers.

The objective of the Research

Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Type

Probiotics
Proteins
Amino acids,
Phytochemicals & Plant Extracts,
Fibers & Specialty Carbohydrates

By Application

Food, Beverages
Animal Nutrition
Dietary Supplements

By Region

Europe
North America
Asia Pacific
South America
Middle East & Africa

Table Of Contents

Methodology

Request Sample

Frequently Asked Questions (FAQ):

What is a nutraceutical?

Nutraceutical products contain nutritional value, protein, fibers, amino acids, antioxidants, probiotics, which are consumed in functional food, medicines, and personal care products.

Who are the growth drivers of the global nutraceutical market?

The demand for organic ingredients in personal care products is increasing demand in nutrition & flavors, and these two are the main growth drivers in the nutraceutical market.

Who are the major key players in the global nutraceutical market?

Companies including Cargill, BASF, ADM, Omega Protein Corporation, DSM, Ingredion, Arla Foods, Tate & Lyle, Ajinomoto, DowDuPont, Chr. Hansen, Kyowa, Glanbia, Fonterra, Associated British Foods, Sigma-Aldrich, Evonik and other Companies are the key players in the global nutraceutical market.

Which region is expected to have the largest share in the global nutraceutical market?

Asia-pacific is expected to have the largest share in the global nutraceutical market.

What is the growth rate of the global nutraceutical market during the forecast period 2022-2028?

The global nutraceutical market was valued at USD 352.92 billion in 2021, and it is expected to reach USD 658.11 billion by 2028 with a CAGR of 9.3 %during the forecast period of 2022-2028.

Select License

We Accept

Analyst support

After evaluating your requirements and addressing your technical problems, the expert analyst will resolve your query directly.

Customer satisfaction

According to your needs, our expert team will assist you with the capabilities, services, and proper research needs to be required and customize the report accordingly.

Inimitable expertise

Our expert team will create unrivaled reviews to provide you with a deep understanding of the reports.

Assured quality

We have created a systematic way to determine standards and satisfy your expectations.

Instant delivery

Unlike others, we provide you a great deal of instant delivery in the form of PDF/PPT/Word Doc directly to your email address within 24 hours after receiving full payment.

Privacy policy

We understand the inkling of your privacy, we will never misuse your email address.

Custom research service

We are giving you an opportunity through which you can directly ask our expert analyst to customize an exclusive study of the report to serve your research needs.

Quality & accuracy

We provide you with the accurate quality of the customized study of an exclusive report according to your research need.

Data visualization

As the business world’s growing faster every day, we understand the value of data management. We will create the reports by keeping all the visual data sets and metrics in the charts.

Information security

We truly respect your privacy and promise to keep your personal and confidential information safe and secure.

Global Nutraceutical Market

Global Nutraceutical Market Overview

Global Nutraceutical Market Insights

Growth Driver

The demand for organic ingredients in personal care products

Nutrition and flavors increase the demand

Type Segmental Analysis

Application Segmental Analysis

Region Segmental Analysis

Competitor Analysis

Key Stakeholders

Scope of the Report

Recent Development

The objective of the Research

Market Modelling

Report Content

Frequently Asked Questions (FAQ):

Select License

We Accept

Latest Reports

Why Choose Us

Quick Links

Industries We Serve

Contact Info

Check Discount %

Free Sample Report