This is attributed to the growing demand for fortified food due to the increasing health consciousness among consumers, rising incidences of chronic diseases, and mandates on food fortification by government organizations.
The probiotics segment is projected to account for the largest market share during the forecast period. Health benefits associated with probiotic-based functional foods and the participation of international bodies in the R&D approvals are projected to drive the demand for probiotics in the nutraceutical ingredients market.
The dry segment is projected to dominate the market due to better stability and ease of handling & storage, as compared to the liquid form. A number of nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probiotic premixes, proteins, and minerals such as zinc and folic acid. These are either available in the form of capsules or compressed into tablets.
The personal care segment is projected to be the fastest-growing segment in the nutraceutical ingredients market during the forecast period. This is attributed to the changing consumer lifestyles, increasing inclination towards personal grooming, and the rise in per capita income, particularly in developing countries. Protein, probiotic, prebiotic, vitamins, and carbohydrates are the most commonly used nutraceutical ingredients in personal care products, such as hair conditioners, skin lotions, face powders, and lip care products.
The Asia Pacific market accounted for the largest share in the nutraceutical ingredients market. This is attributed to the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed. Further, rising incomes, increasing purchasing power, and growing consumer demand for nutritional & health products are projected to offer promising prospects for the growth and diversification of the nutraceutical industry in the region.
Key market players include Cargill (US), BASF (Germany), ADM (US), Omega Protein Corporation (US), DSM (Netherlands), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Ajinomoto (Japan), DowDuPont (US), Chr. Hansen (Denmark), Kyowa (Japan), Glanbia (Ireland), Fonterra (New Zealand), Associated British Foods (UK), Sigma-Aldrich (US), and Evonik (Germany).
Key Questions Addressed by the Report
· Who are the major market players in the nutraceutical ingredients market?
· What are the regional growth trends and the largest revenue-generating regions for the nutraceutical ingredients market?
· What are the key regions and industries that are projected to witness significant growth in the nutraceutical ingredients market?
· What are the major types of nutraceutical ingredients that are projected to gain maximum market revenue and share during the forecast period?
· Which are the major applications of nutraceutical ingredients and which application is projected to account for the majority of the revenue generated over the forecast period?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Growth in the Demand for Fortified Food Owing to the Increasing Health Consciousness Amongst Consumers
3.1.2. Increasing Incidences of Chronic Diseases
3.1.3. Mandates on Food Fortification By Government Organizations
3.2.1. Higher Costs of Fortified Products Dissuading Large-Scale Usage and Adoption
3.2.2. Consumer Skepticism Associated With Nutraceutical Products
3.3.1. Product-Based and Technological Innovations in the Nutraceutical Ingredients Industry
4. Executive Summary
5. Nutraceutical Ingredients Market, By Health Benefits
5.1. Cognitive Health
5.2. Gut Health
5.3. Heart Health
5.4. Bone Health
5.7. Weight Management
6. Nutraceutical Ingredients Market, By Type
6.2. Proteins & Amino Acids
6.3. Phytochemicals & Plant Extract
6.4. Fibers & Specialty Carbohydrates
6.5. Omega-3 Fatty Acids
7. Nutraceutical Ingredients Market, By Application
7.1.5. Meat & Meat Products
7.1.6. Baby Foods
7.2.1. Energy Drinks
7.2.3. Health Drinks
7.3. Personal Care
7.4. Animal Nutrition
7.5. Dietary Supplement
8. Nutraceutical Ingredients Market, By Form
9. Nutraceutical Ingredients Market, By Region
9.1. North America
9.2.7. Rest of Europe
9.3. Asia Pacific
9.3.4. Australia & New Zealand
9.3.5. Rest of Asia Pacific
9.4. South America
9.4.3. Rest of South America
9.5. Rest of the World
9.5.1. Middle East
10. Company Profiles
10.1. Associated British Foods
10.2. Arla Foods
10.5. Tate & Lyle
10.7. Chr. Hansen
10.8. Kyowa Hakko Kirin Group
10.9. Glanbia Plc
10.10. Fonterra Co-Operative Group Limited