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Nutraceutical Ingredients Market size is estimated to grow by USD 11.16 billion between 2022 and 2027 accelerating at a CAGR of 4.48% during the forecast period. The growth of the market depends on several factors, including the health benefits of nutraceutical ingredients, increasing demand for plant-based diets, and the growing aging population.
This nutraceutical ingredients market report extensively covers market segmentation by application (functional food and beverage, dietary supplements, and others), form factor (dry and liquid), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Nutraceutical ingredients are those that provide both nutritional and pharmaceutical properties to nutraceutical products that are beneficial for human health. As a result of the several benefits offered, such as overall health benefits and energy boosting, among others, by these ingredients, they are used in a number of end-user industries, particularly food and beverage. These ingredients can be a portion of food, or food, on the whole, having a health or medical benefit, which aid in the prevention, diagnosis, and treatment of several chronic diseases such as obesity, cancer, high blood pressure, and diabetes. Nutraceutical ingredients also have a wide range of applications in the personal care and animal nutrition industries.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The health benefits of nutraceutical ingredients is a nutraceutical ingredients market driver. Nutraceutical ingredients encompass supplements and functional food ingredients that offer additional health benefits beyond basic nutrition. These ingredients have a wide range of beneficial properties for the human body. Increasing health concerns and growing food safety awareness worldwide have fueled the demand for nutraceutical ingredients.
Given the rise in chronic diseases, people are becoming increasingly conscious of their eating habits and seeking food and beverage products that offer a balance of nutrition and taste. Consequently, the demand for nutraceutical ingredients has surged globally, driven by health concerns and awareness of their numerous benefits. This trend is expected to significantly propel the growth of the global nutraceutical ingredients market in the forecast period.
Focus on personalized nutrition is a major trend in the market. The market in focus is expected to experience growth due to the increasing consumer preference for personalized nutrition. This approach involves analyzing factors like genes, lifestyle, and health goals to develop customized diets and supplements. There is a growing demand for nutraceutical ingredients that can be tailored to support personalized nutrition. Advancements in technology and a better understanding of the role of nutrition in preventing and treating health conditions are driving this trend. Market players are investing in research and development to create products that can be customized for individual needs.
Additionally, new delivery systems and dosage forms are being developed to make personalized nutrition more practical and accessible. These factors are anticipated to drive market growth during the forecast period.
Stringent regulations pertaining to food safety is a major challenge in the market. The global nutraceutical ingredients market is regulated to ensure the safety of ingredients used in food products. Manufacturers face challenges in complying with these stringent regulations while maintaining quality standards. Government bodies impose and monitor regulations on ingredient safety, product classification, labeling, and quality control tests. For example, in the US, manufacturers must notify the FDA on ingredient usage and adhere to the FD&C Act and DSHEA guidelines. Non-compliance can result in product recalls and fines. Similar regulations exist in Canada, the EU, and China. Non-compliance with food safety regulations may negatively impact the nutraceutical ingredients market's growth during the forecast period.
The market share growth by the functional food and beverage segment will be significant during the forecast period. Nutraceutical ingredients used in a variety of functional foods and beverages typically include ingredients that are consumed as part of the normal diet. These dietary supplement ingredients contain certain biologically active ingredients that offer the potential to improve health and reduce disease risk. Some functional foods and beverages, such as milk, contain certain minerals, vitamins, fatty acids, and fiber.
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The functional food and beverage segment was valued at USD 24.93 billion in 2017 and continued to grow until 2021. Nutraceutical ingredients, including phytochemicals, antioxidants, probiotics, and flavonoids, offer diverse health benefits and are increasingly used in functional foods and beverages. For instance, phytonutrients found in plant-based foods provide detoxification and immune system support. With a rise in health conditions, changing consumer lifestyles, and increasing prevalence of cardiovascular disease, cancer, and diabetes, consumers are opting for healthier food choices. This trend is driving the incorporation of nutraceutical ingredients in food and beverage products, leading to the growth of this market segment during the forecast period.
The global nutraceutical ingredients market is experiencing increased popularity of dry forms due to their longer shelf lives, convenience in storage and transportation, and growing demand. Dry-form ingredients, particularly powders and tablets, are expected to be highly sought after between 2023 and 2027, driven by the rising demand for convenient and user-friendly nutraceutical products. The APAC region, fueled by the growing demand in economies like China and India, is projected to have the largest market for nutraceutical ingredients. These trends and preferences are anticipated to drive the growth of the market focused on dry-form nutraceutical ingredients during the forecast period.
APAC is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The demand for herbal ingredients is driving the market in the APAC region, particularly in countries like China and India, where consumers associate herbal ingredients with essential nutrients and health benefits. The rapid economic development and population growth in the APAC region have contributed to the increased demand for herbal ingredients. Additionally, rising health awareness among consumers and the demand for nutritious food products with dietary supplements have further fueled the demand for herbal ingredients in the region.
The COVID-19 pandemic negatively impacted the market in 2020, with manufacturing operations of dietary supplements being halted due to lockdowns and social distancing measures. However, in 2021, the launch of vaccination campaigns and the gradual recovery of the economy led to market growth. The increasing demand for immune-boosting functional foods, vendor adaptations in distribution channels, and overall economic growth are expected to drive the market's growth during the forecast period.
Vendors are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Natrol LLC- The company offers melatonin health supplement which help to mitgate sleep disorder in children.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The nutraceutical ingredients market analysis growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Nutraceutical Ingredients Market Scope |
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Report Coverage |
Details |
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Page number |
174 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.48% |
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Market growth 2023-2027 |
USD 11.16 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
3.36 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 32% |
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Key countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ajinomoto Co. Inc., Amway Corp., Archer Daniels Midland Co., Arla Foods amba, Associated British Foods Plc, BASF SE, Cargill Inc., Danone SA, DuPont de Nemours Inc., EID Parry India Ltd., General Mills Inc., Herbalife International of America Inc., Koninklijke DSM NV, Natrol LLC, Nestle SA, Reckitt Benckiser Group Plc, Tate and Lyle Plc, The Lubrizol Corp., Valensa International, Advanced Orthomolecular Research Inc., and |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Form Factor
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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