Nutraceutical Ingredients Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (Prebiotics, Probiotics, Amino Acids & Proteins, Omega-3 Fatty Acids, Vitamins, Minerals, Carotenoids, Plant Extracts & Phytochemical, Specialty Carbohydrates & Fibers, Others); Form Type (Dry, Liquid); Application (Food, Beverages, Personal Care, Animal Nutrition, Dietary Supplements, Others), and Region/Country

Published:

Oct-2021

Pages:

253

Table:

61

Figure:

135

Report ID:

UMCG21471

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Nutraceutical Ingredients Market
Nutraceutical Ingredients Market

Global Nutraceutical Ingredients Market was valued at US$ 160 Billion in 2020 and is anticipated to reach  US$ 227 billion by 2027 displaying an elevated CAGR of 7% over the forecast period (2021-2027). The key factors attributed to the growth of the nutraceutical ingredients market across the globe are growth in the demand for fortified food owing to the increasing health consciousness amongst consumers, availability of healthy food options as per consumer need, etc., As per the U.S department of agriculture, the spending on food by the countries such as the United States, United Kingdom, Canada, and South Korea was registered around 2595, 1951, 2294 and 1501 respectively in 2020, which increased from 2478, 2295, 2239 and 1675 in 2015. Also, emerging incidences of chronic diseases worldwide and mandates on food fortification by government organizations are acting as the growth catalyst to the industry. The rising incidents of chronic diseases such as Cancer, Cardiovascular Disease, and type 2 Diabetes are deriving the growth of nutraceutical products. As per the International Agency for Research on Cancer (IARC), 1 in 5 people develop cancer during their lifetime globally and 1 in 11 women die from cancer. The rising prevalence of diseases is emerging as the demand for healthy options such as nutraceuticals. International Food Information Council (IFIC), in 2009, 87% and in 2011, 89% of the consumers in the US agreed that certain foods have health benefits beyond their basic nutrition.

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The growing geriatric population base with a higher predisposition to various age-related diseases such as cancer, cardiovascular diseases, arthritis, hypertension, etc. is a leading cause that is adding pace to the growth in the demand for Nutraceutical Ingredients for healthy diets and proper nutrition. For instance, according to the United Nations, the global population aged 60 years or over was numbered at 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050

 

Global Health and Wellness Food Market, 2016-2021 (In USD Bn)

Cargill Incorporated, Associated British Foods, Arla Foods, Kerry Group, Chr. Hansen, Kyowa Hakko, DSM, Ingredion Incorporated, Tate & Lyle PLC and Ajinomoto Co., Inc, etc, are some of the prominent players operating in the Nutraceutical Ingredients market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

Insights Presented in the Report

“Amongst Type, Probiotics segment holds the major share”

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, Others (Chondroitin, Glucosamine, and Polyols). The probiotics segment grabbed considerable market share and captured XX% market share in the global nutraceutical ingredient market in 2020. Moreover, the market would witness a sharp rise in the forthcoming years owing to surging awareness among end-users in the industry. However, amino acids and proteins would witness sky-rocked growth in the forecast period of 2021-2027F

“Amongst Form Type, Dry segment to dominate the market during the forecast period”

Based on the Form type, the market is fragmented into Dry and Liquid. The dry segment grabbed major market share and dominated the market in 2020. However, the Liquid segment would emerge in the forecast period and would witness a considerable CAGR during the forthcoming period.

“Amongst Application, Dietary Supplements segment to dominate the market during the forecast period”

Based on the Application, the market is fragmented into Food, Beverages, Personal Care, Animal Nutrition, Dietary Supplements, and Others. The food segment grabbed major market share and dominated the market in 2020. Moreover, the market of this segment would reach USD XX Mn by 2027. However, the dietary supplements segment would witness the highest CAGR during the forthcoming years

“North America represents one of the largest markets of Nutraceutical Ingredients market”

For a better understanding of the market dynamics of the Nutraceutical Ingredients market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to the change in lifestyle and growing demand for nutrition supplements.

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  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

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1.1. Market Definitions
1.2. Objective of the Study
1.3. Limitation
1.4. Stake Holders
1.5. Currency Used in Report
1.6. Scope of the Global Nutraceutical Ingredients Market Study

2.1. Research Methodology for the Global Nutraceutical Ingredients Market
2.1.1. Main Objective of the Global Nutraceutical Ingredients Market

5 COVID-19 IMPACT

6 GLOBAL NUTRACEUTICAL INGREDIENTS MARKET REVENUE

 

7.1.Prebiotics
7.2.Probiotics
7.3.Amino Acids & Proteins
7.4.Omega-3 Fatty Acids
7.5.Vitamins
7.6.Minerals
7.7.Carotenoids
7.8.Plant Extracts & Phytochemical
7.9.Specialty Carbohydrates & Fibers
7.10.Others (Chondroitin, Glucosamine, and Polyols)

 

8.1. Dry
8.2. Liquid

9.1. Food
9.2. Beverages
9.3. Personal Care
9.4. Animal Nutrition
9.5. Dietary Supplements
9.6. Others

10.1. North America Nutraceutical Ingredients Market
10.1.1. The U.S
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe Nutraceutical Ingredients Market
10.2.1. Germany
10.2.2. France
10.2.3. U.K.
10.2.4. Spain
10.2.5. Italy
10.2.6. Rest of Europe
10.3. Asia Pacific Nutraceutical Ingredients Market
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of Asia Pacific
10.4. Rest of the World Nutraceutical Ingredients Market

11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis

12.1. Demand Side Analysis
12.2. Supply Side Analysis
12.2.1. Top Product Launches
12.2.2. Top Business Partnerships
12.2.3. Top Merger & Acquisitions

13 VALUE CHAIN ANALYSIS

14 NUTRACEUTICAL INGREDIENTS MARKET OPPORTUNITIES

15.1. Porter’s Five forces analysis
15.1.1. Bargaining power of Supplier
15.1.2. Bargaining power of Buyer
15.1.3. Industry Rivalry
15.1.4. Availability of Substitute
15.1.5. Threat of new Entrants

16.1. Cargill, Inc.
16.1.1. Key Facts
16.1.2. Business Description
16.1.3. Key Product/Services Offerings
16.1.4. Growth Strategy
16.1.5. SWOT Analysis
16.1.6. Key Financials
16.1.6.1.
16.1.6.2.
16.1.7. Recent Developments
16.1.7.1.
16.1.7.2.
16.1.7.3.
16.1.7.4.
16.2. Associated British Foods
16.3. Arla Foods
16.4. Kerry Group
16.5. Chr. Hansen
16.6. Kyowa Hakko
16.7. DSM
16.8. Ingredion Incorporated
16.9. Tate & Lyle PLC
16.10. Ajinomoto Co., Inc

17 DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the Nutraceutical Ingredients Market were the three major steps undertaken to create and analyze the demand for Nutraceutical Ingredients across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Nutraceutical Ingredients market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of the Nutraceutical Ingredients through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Nutraceutical Ingredients market, we conducted a detailed secondary analysis to gather historical market insights and share for Type, form, and application for major regions. Major segments included in the report are application and form. Further region and country-level analyses were conducted to evaluate the overall adoption of Nutraceutical Ingredients across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Nutraceutical Ingredients. Further, we conducted factor analysis using dependent and independent variables such as growth in the demand for fortified food, Surging Incidences of chronic diseases worldwide, and Emerging Aging Population, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Nutraceutical Ingredients industry across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Nutraceutical Ingredients market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Nutraceutical Ingredients across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the Nutraceutical Ingredients market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Nutraceutical Ingredients Market
Nutraceutical Ingredients Market

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Nutraceutical Ingredients market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of Type, Form, and Application of the Nutraceutical Ingredients market.

Main Objective of the Nutraceutical Ingredients Market Study

The current & future market trends of Nutraceutical Ingredients were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Nutraceutical Ingredients in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of application, form, type.
  • Define and analysis of the regulatory framework for the Nutraceutical Ingredients industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the Nutraceutical Ingredients market for the major countries
  • The major region studied in the report includes North America, Europe, Asia- Pacific and Rest of the World.
  • Company profiles of the Nutraceutical Ingredients market and the growth strategies adopted by the market players to sustain in the fast-growing market

Deep dive regional level analysis of the industry