DUBLIN--(BUSINESS WIRE)--The "Nutraceutical Ingredients Market by Type, Application, Form and Region - Global Forecast 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Nutraceutical Ingredients Market Size is Projected to Grow from USD 152.0 Billion in 2019 to USD 228.0 Billion by 2025, Recording a CAGR of 7%
Increasing awareness about healthy diets and growing aging population are projected to drive the growth of the nutraceutical ingredients market.
The nutraceutical ingredients market is driven by factors such as increasing demand for fortified food products due to the rising awareness about better dietary choices, growing aging population, and increasing prevalence of chronic diseases. However, consumer skepticism associated with the adoption of various nutraceutical ingredients and high costs associated with these products is projected to hinder the market growth of nutraceutical ingredients.
The prebiotics segment in the nutraceutical ingredients market is projected to be the fastest-growing segment, in terms of value.
The demand for prebiotics in the nutraceutical ingredients market has increased due to their gut health benefits. Further, prebiotics in the nutraceutical ingredients market have a wide range of applications in fortification of food and beverage products. These are used in feed products to increase the nutrient utilization efficiency in livestock. Additionally, rising health awareness among the global population has a significant impact on the demand for prebiotic ingredients.
The dry segment is projected to hold the largest market share during the forecast period.
The dry form or powder form is extracted through a number of downstream processes, which helps to obtain the desired moisture content and nutrient concentration in end products. The dry form of nutraceutical ingredients is characterized by better stability and ease of handling & storage, as compared to the liquid form. Moreover, dry ingredients can retain all the desirable properties such as aroma and long shelf life of products.
The Asia Pacific is projected to hold the largest market share during the forecast period.
The Asia Pacific is projected to account for the largest market share during the forecast period due to the rising incomes, increasing purchasing power, and significant consumer demand for nutritional and health products. Further, busy lifestyles have encouraged the consumption of convenience health food products, which is projected to drive the demand for nutraceutical ingredients in this region.
Market Dynamics
Drivers
- Growth in the Demand for Fortified Food Owing to the Increasing Health Consciousness Amongst Consumers
- Increasing Incidences of Chronic Diseases
- Mandates on Food Fortification By Government Organizations
Restraints
- Higher Costs of Fortified Products Dissuading Large-Scale Usage and Adoption
Opportunities
- Product-Based and Technological Innovations in the Nutraceutical Ingredients Industry
Challenges
- Consumer Skepticism Associated With Nutraceutical Products
Companies Mentioned
- ADM
- Ajinomoto
- Arla Foods
- Associated British Foods
- BASF SE
- Cargill
- Chr. Hansen
- DowDuPont
- DSM
- Fonterra Co-Operative Group Limited
- Glanbia PLC
- Ingredion
- Kerry Group
- Kyowa Hakko Kirin Group
- Tate & Lyle
For more information about this report visit https://www.researchandmarkets.com/r/m7xgj7
