The nutraceutical ingredients market refers to the segment of the food and nutrition industry that focuses on the development, production, and marketing of ingredients with health benefits. These ingredients are often used in dietary supplements, functional foods, and beverages. The global nutraceutical ingredients market size is estimated to reach $261.7 billion by 2027, growing at a 7.2% compound annual growth rate (CAGR). The global market size was valued $185.2 billion in 2022. The market is characterized by a wide range of products, including vitamins, minerals, amino acids, probiotics, prebiotics, omega-3 fatty acids, plant extracts, and other bioactive compounds.

Nutraceutical Ingredients Market Trends

• Personalized Nutrition: Increasing demand for customized nutraceutical products tailored to individual health needs.
• Clean Label Products: Consumers are seeking products with natural, organic, and non-GMO ingredients.
• Plant-Based Ingredients: Rising popularity of vegan and vegetarian lifestyles is boosting the demand for plant-based nutraceuticals.
• Sustainability: Sustainable sourcing and production practices are becoming important to consumers and manufacturers alike.
• Innovation in Delivery Systems: Development of novel delivery systems such as gummies, soft chews, and effervescent tablets to enhance consumer compliance and experience.

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Factors Driving the Nutraceutical Ingredients Market Growth

• Increasing Health Awareness: Growing awareness about health and wellness among consumers is driving the demand for nutraceutical products. People are increasingly looking for foods and supplements that can help prevent diseases and improve overall health.
• Aging Population: The aging global population is seeking products that can help manage age-related health issues, such as bone health, joint health, and cognitive function.
• Preventive Healthcare: There is a shift towards preventive healthcare, where individuals are taking proactive measures to maintain their health and prevent chronic diseases.
• Rising Healthcare Costs: High costs associated with medical treatments are encouraging people to adopt nutraceuticals as a cost-effective alternative for maintaining health.
• Technological Advancements: Advances in extraction, formulation, and delivery technologies are enabling the development of more effective and targeted nutraceutical ingredients.

The food segment is estimated to account for the largest nutraceutical ingredients market share

Over the past decade, the consumption of junk foods has increased significantly due to their palatability, mouthfeel, and texture. In response, food producers have started innovating healthier alternatives. As consumers become more health-conscious and aware, the preference for balanced diets and nutritious food remains strong. This shift has expanded the applications for functional foods and created profitable growth opportunities for manufacturers in the nutraceutical ingredients market.

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APAC is projected to account for the highest CAGR in the nutraceutical ingredients Industry

The increased economic growth of the countries in the region and the rise in convenience food consumption due to busy lifestyles have fueled the demand for enriched nutritional food and beverage products in this region. Additionally, rising consumer expenditure on health and wellness products as a result of changing lifestyles and rising disposable income is likely to be major factor contributing to market growth in the Middle East & Africa and the Asia Pacific.

Top Nutraceutical Ingredients Companies

Associated British Foods Plc (UK)

Arla Foods Ingredients Group P/S (Denmark)

DSM (Netherland)

Ingredion (US)

Tate & Lyle (UK)

Ajinomoto Co., Inc. (Japan)

CHR Hansen Holdings A/S. (Denmark)

Kyowa Hakko Bio Co., Ltd. (Japan)

Glanbia Plc (Ireland)

Fonterra Co. Operative Group Limited (New Zealand)

Cargill Incorporated (US)