WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Online Marketing Wednesday, February 21, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email

Nutraceutical ingredients market is projected to grow at a CAGR of 7.5%
Tuesday, February 13, 2018

NEW YORK, Feb. 13, 2018 /PRNewswire/ -- Nutraceutical ingredients market is projected to grow at a CAGR of 7.5%." The nutraceutical ingredients market is estimated at USD 34.06 billion in 2018 and is projected to reach USD 49.02 billion by 2023, at a CAGR of 7.5%, in terms of value. The growth of this market is attributed to the rising health awareness and an increase in chronic diseases in the past few years. High costs involved in the R&D activities along with high price for fortified and enriched products are some of the restraints affecting the growth of this market.

Read the full report:

Changing lifestyles, rise in the number of government mandates regarding food & beverage fortifications in certain countries, and the growing demand for nutraceutical products in emerging economies are paving new opportunities for the nutraceutical ingredients market.

By type, the phytochemical & plant extracts segment is projected to grow at the highest CAGR.
In 2017, the phytochemical & plant extracts segment is projected to grow at the highest CAGR, in terms of value. Due to the rising global awareness with regard to the side-effects of chemical ingredients utilized in food processing, consumers are demanding nutraceuticals that utilize natural ingredients. This trend has resulted in a tremendous demand for phytochemical & plant extract ingredients in the nutraceutical industry.

The dietary supplements segment, by application, is estimated to dominate and grow at the highest rate, in 2017.
The large market share of dietary supplements can be attributed to it being a cost-effective solution to customers and the availability of multiple nutrients to humans. The dietary supplements segment is projected to grow at a significant rate due to the prevalence of certain nutrient deficiencies, increase in the number of incidences of chronic diseases, and inclination of consumers toward the consumption of natural ingredients.

The dry segment, by form, is projected to be a faster-growing segment in the nutraceutical ingredients market in 2017.
In terms of value, the dry segment is projected to grow at a higher rate between 2018 and 2023. The process of formulating dry ingredients is easier in terms of process, especially in high volume manufacturing. Dry ingredients are widely consumed owing to easy application and various other benefits associated with it. For instance, dry sweetener products retain all the desirable properties such as aroma and long shelf-life.

Asia Pacific is estimated to be the largest in the nutraceutical ingredients market in 2017.
The Asia Pacific accounted for the largest share in 2017, in terms of value. The application of nutraceutical ingredients is projected to grow at a high rate in the region due to the increasing demand from consumers. Prebiotics is one of the rapidly growing segments in this region.

Key markets in the Asia Pacific region include China, India, Japan, and Australia. These countries have vast areas under agriculture and production of high-fiber plants and oilseeds, which are the primary raw materials for fiber & specialty carbohydrate ingredients. In addition, manufacturing companies also provide the cost advantage in terms of production and processing of nutraceutical ingredient products.

Break-up of Primaries:
-- By Company Type: Tier 1 - 45%, Tier 2 - 30%, and Tier 3 - 25%
-- By Designation: D - level - 40%, C - Level -25%, and Others* - 35%
-- By Region: North America - 30%, Europe - 20%, Asia Pacific - 26%, and RoW** - 24%
*Others include sales managers, marketing managers, and product managers.

**RoW includes Brazil and South Africa.
Note: The three tiers of the companies are defined on the basis of their total revenues, as of 2016; Tier 1: Revenue > USD 1 Billion, Tier 2: USD 500 million < Revenue < USD 1 Billion, and Tier 3: Revenue < USD 500 Million
The leading players in the nutraceutical ingredients market are Cargill (US), BASF (Germany), ADM (US), Associated British Foods (UK), DSM (Netherlands), DowDuPont (US), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), and Ajinomoto (Japan).

Research Coverage:
The nutraceutical ingredients market is segmented on the basis of type, application, form, health benefit, and key region. The market, on the basis of type, is segmented into vitamins, minerals, prebiotics, probiotics, carotenoids, omega-3 fatty acids, fibers & specialty carbohydrates, phytochemical & plant extracts, and others (glucosamine, chondroitin, and polyols). On the basis of application, the market is segmented into functional food, functional beverages, dietary supplements, animal nutrition, and personal care.

On the basis of form, it is segmented into dry and liquid. On the basis of health benefits, it is segmented into heart health, gut health, bone health, immunity, nutrition, weight management, and others (ingredients for asthma, depression, and oral problems). On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive leadership mapping, recent developments, and key market strategies.

Key Benefits of Buying the Report:
-- To get a comprehensive overview of the nutraceutical ingredients market with specific reference to different application markets
-- To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies
-- To gain insights of the major regions/countries in which the nutraceutical ingredients industry is flourishing

Read the full report:

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

Contact Clare:
US: (339)-368-6001
Intl: +1 339-368-6001

View original content:

SOURCE Reportlinker

Email This News Email | Submit To Slashdot Slashdot | Submit To Digg | Submit To | News Feeds Feeds

Nav Fast Company Names BBDO One of the Top 10 Most Innovative Companies in Marketing and Advertising | Feb 21, 2018
Nav HubSpot Announces Strategic Partnership with Google Cloud, Further Fueling the Growth of the HubSpot CRM | Feb 21, 2018
Nav Global Cephalosporin Drugs Market Forecast to 2027: Growing Research & Development Activities and Increasing Healthcare Awareness | Feb 21, 2018
Nav Greg Peters, Chief Product Officer at Netflix, Joins 2U Board of Directors | Feb 21, 2018
Nav 2018 Global Immune Checkpoint Inhibitors Market Outlook to 2022 - Opdivo and Keytruda Presents Significant Growth Opportunity | Feb 21, 2018
Nav Global Nano Metal Oxide (NMO) Market Analysis, Trends & Industry Forecast 2015-2018 & 2027 | Feb 21, 2018
Nav Global Perlite Market Analysis & Trends to 2027: Focus on Construction Products, Filtration & Process, Horticultural & Agricultural, Industrial & Others | Feb 21, 2018
Nav John Seigenthaler Relocates from New York to Finn Partners' Nashville Office -- DVL Seigenthaler | Feb 21, 2018
Nav blu Launches myblu(TM) Electronic Vaping Product Across Retailers Nationwide | Feb 21, 2018
Nav Wealthsimple raises over $50 million in new funding | Feb 21, 2018

Submit News | View More News View More News