DUBLIN--(BUSINESS WIRE)--The "Nutraceutical Ingredients Market by Type (Prebiotics & Probiotics, Proteins & Amino Acids, Minerals, Vitamins, Carotenoids), Application, Form, Health Benefit, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The nutraceutical ingredients market is estimated at USD 34.06 billion in 2018 and is projected to reach USD 49.02 billion by 2023, at a CAGR of 7.5%, in terms of value.
The growth of this market is attributed to the rising health awareness and an increase in chronic diseases in the past few years. High costs involved in the R&D activities along with high price for fortified and enriched products are some of the restraints affecting the growth of this market. Changing lifestyles, rise in the number of government mandates regarding food & beverage fortifications in certain countries, and the growing demand for nutraceutical products in emerging economies are paving new opportunities for the nutraceutical ingredients market.
In 2017, the phytochemical & plant extracts segment is projected to grow at the highest CAGR, in terms of value. Due to the rising global awareness with regard to the side-effects of chemical ingredients utilized in food processing, consumers are demanding nutraceuticals that utilize natural ingredients. This trend has resulted in a tremendous demand for phytochemical & plant extract ingredients in the nutraceutical industry.
The large market share of dietary supplements can be attributed to it being a cost-effective solution to customers and the availability of multiple nutrients to humans. The dietary supplements segment is projected to grow at a significant rate due to the prevalence of certain nutrient deficiencies, increase in the number of incidences of chronic diseases, and inclination of consumers toward the consumption of natural ingredients.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Nutraceutical Ingredients Market, By Type
7 Nutraceutical Ingredients Market, By Application
8 Nutraceutical Ingredients, By Form
9 Nutraceutical Ingredients, By Health Benefit
10 Nutraceutical Ingredients Market, By Region
11 Competitive Landscape
12 Company Profiles
- Arla Foods
- Associated British Foods
- Tate & Lyle
For more information about this report visit https://www.researchandmarkets.com/research/qb6l8z/nutraceutical?w=4