Global Nutraceutical Ingredients Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- October 27, 2021
- CONSUMER GOODS, NEWS
- 0 Comments
Global Nutraceutical Ingredients Market is expected to reach the market valuation of US$ XX million by 2027 expanding at a reasonable CAGR of XX% during the forecast period (2021-2027) from US$ XX million in 2020.
Promoting healthy diets and lifestyles to reduce the global burden of noncommunicable diseases requires a multisectoral approach involving the various relevant sectors in societies. A rise in communicable and non-communicable diseases across the globe is resulting out in the demand for immune products such as probiotics and other supplements which is acting as a growth catalyst to the nutraceutical ingredients market. In addition, a healthy diet helps to prevent malnutrition in all its forms as well as a range of noncommunicable diseases (NCDs) and conditions. However, increased production of processed foods, rapid urbanization, and changing lifestyles have led to a shift in dietary patterns. People are now consuming more foods high in energy, fats, free sugars, and salt/sodium, and many people do not eat enough fruit, vegetables, and other dietary fiber such as whole grains. Therefore, a rise in consumer awareness about the health benefits of nutraceutical ingredients over food is leading to the growing demand, globally.
A growing emphasis on the diet among individuals across the globe is leading to the growing demand for healthy food and diets including Probiotics. As per FAOSTAT, the availability of calories per capita from the mid-1960s to the late 1990s increased globally by approximately 450 kcal per capita per day and by over 600 kcal per capita per day in developing countries. However, this change is not equal across regions. Moreover, the per capita supply of calories has remained almost stagnant in sub-Saharan Africa and has recently fallen in the countries in economic transition.
A rising prevalence of cardiovascular disease coupled with the surging problem related to the immune system is leading to the growing demand for nutraceutical ingredients. As per the World Health Organization, cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. An estimated 17.9 million people died from CVDs in 2019, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke
For a detailed analysis of the COVID-19 Impact on Nutraceutical Ingredients browse through– https://univdatos.com/report/nutraceutical-ingredients-market/
The COVID-19 pandemic has had a dramatic impact on people’s s diet, health, and wellbeing. The fear of disease and concern over mental wellbeing have risen sharply. The demand for a high protein diet that delivers wellbeing benefits such as immunity and stress management witnessed a sharp rise. As per research by DuBow, at the starting of June of 2020, around 56% of the consumers had increased their nutrition supplements use within the prior six weeks. Moreover, the same growth was registered in 2021 too.
Based on the Type, the market is fragmented into Prebiotics, Probiotics, Amino Acids & Proteins, Omega-3 Fatty Acids, Vitamins, Minerals, Carotenoids, Plant Extracts & Phytochemical, Specialty Carbohydrates & Fibers and Others (Chondroitin, Glucosamine, and Polyols). The probiotics Concentrate grabbed the XX% market share and the segment gathered USD XX Mn. Moreover, the market of this segment is expected to skyrocket by 2027 by growing at an exponential CAGR during 2020-2021.
Based on the Form the market is fragmented into Dry and Liquid. The dry segment grabbed the leading market share and dominated the market. The benefits of the dry form of nutraceutical ingredients such as longer shelf life, easy to carry, attractive packaging, etc. are gaining end-users traction.
For a detailed analysis of the Region in Nutraceutical Ingredients browse through– https://univdatos.com/get-a-free-sample-form-php/?product_id=10894
Additionally, the report provides detailed initiatives that are being taken in the field of Nutraceutical Ingredients. The market is classified into distinct regions including North America (the U.S, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, and United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and the Rest of APAC), Rest of World has been conducted. North America region dominated the market and grabbed major market share in 2020. However, the Asia-Pacific region is expected to witness the highest CAGR during the forecast period on account of rising disposable income and surging awareness about the healthy diet in the countries such as China, India, and Japan.
Global Nutraceutical Ingredients Market Segmentation
Market Insight, by Type
- Prebiotics
- Probiotics
- Amino Acids & Proteins
- Omega-3 Fatty Acids
- Vitamins
- Minerals
- Carotenoids
- Plant Extracts & Phytochemical
- Specialty Carbohydrates & Fibers
- Others (Chondroitin, Glucosamine, and Polyols)
Market Insight, by Form
- Dry
- Liquid
Market Insight, by Application
- Food
- Beverages
- Personal Care
- Animal Nutrition
- Dietary Supplements
- Others
Market Insight, by Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- France
- Germany
- Spain
- Italy
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Cargill Incorporated
- Associated British Foods
- Arla Foods
- Kerry Group
- Chr. Hansen
- Kyowa Hakko
- DSM
- Ingredion Incorporated
- Tate & Lyle PLC
- Ajinomoto Co., Inc
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