The global Nutraceutical Ingredients market size is projected to reach US$ 174 million by 2027, from US$ 128.5 million in 2020, at a Compound Annual Growth Rate (CAGR) of 4.0% during 2021-2027. Growing demand for fortified food due to the increasing health consciousness amongst consumers, Benefits due to their potential nutritional, safety, and therapeutic effects help to improve health, prevent chronic diseases, postpone the aging process, or just support functions and integrity of the body.
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
The readers in the section will understand how the Nutraceutical Ingredients market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as sales, demand, supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
The growing trend of following a healthy diet and consuming nutrient-rich food is increasing the adoption of fortified foods. This, in turn, is expected to drive the growth of nutraceutical ingredients market size. Functional foods are believed to impart exceptional health benefits owing to their nutrient content.
Furthermore, secondary factors such as the growing geriatric population, rising healthcare costs have all aided the growth of nutraceutical ingredients market size.
Product-based and technological innovations in the nutraceutical industry are expected to increase the growth of the nutraceutical ingredients market size. The global nutraceuticals industry has been witnessing key developments to meet the demands of the urban population. Nutraceutical ingredient manufacturers are quickly adopting personalized healthcare technologies in order to create better-suited and personalized end products for customers.
Based on type, the probiotic segment is expected to be the most lucrative in the nutraceutical ingredient market.
Based on application, functional food is predicted to be the most lucrative segment in the nutraceutical ingredient market.
Based on region, the Asia Pacific region is expected to be one of the major regions that are expected to witness rapid growth. Change in lifestyle and increasing demand for a supplement and the large population of the region contribute to the growth of nutraceutical ingredients market size in the region.
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes a detailed study of regions of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2016 to 2027. These analyses will help the reader to understand the potential worth of investment in a particular region.
The Key manufacturers that are operating in the global Nutraceutical Ingredients market are: