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The report "Nutraceutical Ingredients Market by Type (Pre & Probiotic, Protein, Mineral, Vitamin, Carotenoid, Fiber, and Phytochemical), Application (Food, Dietary Supplement, and Animal Nutrition), Form, Health Benefit, and Region - Global Forecast to 2022", The nutraceutical ingredients market is projected to reach a value of USD 45.58 Billion by 2022, at a CAGR of 7.5% from 2016.The market is driven by factors such as increase in cases of chronic diseases around the globe, demand for longer life span, and wide applications of nutraceutical ingredients such as functional food & beverage, animal nutrition, and personal care products.
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The fibers & specialty carbohydrates segment accounted for the largest market share in 2015
The fibers & specialty carbohydrate segment dominated the nutraceutical ingredients market among other ingredients. The market for fibers & specialty carbohydrates is driven by the rise in concerns over obesity and gastrointestinal disorders and increase in consumption of food & beverage products with high level of nutritional benefits and fibers such as breakfast cereals, fortified juices, and bread.
The dietary supplements segment dominated the nutraceutical ingredients application segment market, 2015
The dietary supplements segment is estimated to be the largest market for nutraceutical ingredients. Rise in demand for sports and nutritional products and increase in protein intake by athletes and fitness enthusiasts have a positive impact on this market.
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Nutraceutical ingredients in dry form accounted for the largest market share in 2015
Nutraceutical ingredients in dry form accounted for the largest share in the form segment in 2015. The process of formulating dry ingredients is comparatively easier, especially in high volume manufacturing, owing to the growth of this market. Moreover, dry form preserves the flavor and color of the food & beverage products and also provides benefits in terms of easy handling and storage, which is difficult with liquid ingredients.
Asia-Pacific region dominated the nutraceutical ingredients market in 2015
The Asia-Pacific region was the largest market for nutraceutical ingredients in 2015. Countries such as China and India are prominent users of nutraceutical ingredients for the manufacture of various functional food & beverage and pharmaceutical products. With busy lifestyles and increase in disposable incomes, the demand for fortified nutritional food & beverage products is growing in the region. The market here is driven by the increase in consumer awareness and growing incidences of chronic diseases such as gut diseases, high blood pressure, diabetes, and rickets. Japan is the fastest-growing country in the Asia-Pacific region, due to its rapidly aging population.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of the leading companies such as Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), BASF SE (Germany), Archer Daniels Midland Company (U.S), Associated British Foods plc (U.K), Koninklijke DSM N.V. (Netherlands), Ingredion Incorporated (U.S), Ajinomoto Co., Inc. (Japan), Arla Foods (Denmark), and Tate & Lyle PLC (U.K).
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