Nutraceutical Ingredients Market Research Report 2024: Size, Share, and Growth Analysis

Global nutraceutical ingredients market size is expected to reach $80.4 Bn by 2028 at a rate of 8.7%, segmented as by product type, vitamins, proteins and amino acids, probiotic, minerals, omega-3 fatty acids

Jun 5, 2024 - 16:24

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Overview and Scope
Nutraceutical ingredients refer to ingredients derived from animal, microbial, plant, and synthetic sources and provide health benefits by adding primary nutritional value and functional benefits.

Sizing and Forecast
The nutraceutical ingredients market size has grown strongly in recent years. It will grow from $53.28 billion in 2023 to $57.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to increasing health awareness, aging population, preventive healthcare, lifestyle diseases, consumer preferences, government initiatives..

The nutraceutical ingredients market size is expected to see strong growth in the next few years. It will grow to $80.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to personalized nutrition, e-commerce growth, clean label demand, plant-based movement, immune health focus, mental wellness products.. Major trends in the forecast period include probiotics and gut health, clean labels and transparency, cognitive health ingredients, sustainable sourcing and ethical practices, technological innovations in delivery formats..

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Segmentation & Regional Insights
The nutraceutical ingredients market covered in this report is segmented –

1) By Product Type: Vitamins, Proteins and Amino Acids, Probiotic, Minerals, Omega-3 Fatty Acids, Fibers and Specialty Carbohydrates, Prebiotic, Phytochemical and Plant Extracts, Other Product Types
2) By Health Benefits: Cognitive Health, Gut Health, Heart Health, Bone Health, Immunity, Nutrition, Weigh Management, Other Health Benefits
3) By Form: Dry, liquid
4) By Application: Food, Beverages, Personal Care, Animal Nutrition, Dietary Supplements

North America was the largest region in the nutraceutical ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the nutraceutical ingredients market report during the forecast period. The regions covered in the nutraceutical ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The rising demand for probiotics and protein-rich foods is expected to propel the growth of the nutraceutical ingredients market going forward. Probiotics and protein-rich foods refer to live microorganisms and foods with high protein content that have been shown to improve health when consumed or applied to the body. Nutraceutical ingredients boast essential proteins needed for the human body, thus, the demand for probiotics and protein-rich foods will also drive the need for nutraceutical ingredients. For instance, according to Consumer Insights on Gut Health & Probiotics survey report with One thousand interviews among US adults ages 18+ from March 4 to March 9, 2022, by the International Food Information Council, a US-based non-profit organization supported by the food, beverage, and agricultural industries, about a one third (32%) of respondents indicated they actively try to eat probiotics, of those, and 60% try to do so at least once per day and 24% try to do so several times per day. Therefore, the rising demand for probiotics and protein-rich foods is expected to propel the growth of the nutraceutical ingredients market.

Key Industry Players
Major companies operating in the nutraceutical ingredients market are focused on developing new substance ranges such as excipients to provide solutions for moisture-sensitive nutraceutical and pharmaceutical ingredients. Excipients are inert substances added to pharmaceuticals and nutraceuticals to aid in manufacturing. For instance, in November 2023, Roquette, a France-based food company, launched three new excipients, Lycatab CT-LM, Microcel 103 SD, and Microcel 113 SD, designed for moisture-sensitive nutraceutical and pharmaceutical ingredients. Lycatab CT-LM, part of Roquette’s pre-gelatinized starch range, serves as a multifunctional filler, binder, and disintegrant with an extremely low water activity (Aw) of not more than 0.1%. Microcel 103 SD and Microcel 113 SD, part of Roquette’s microcrystalline cellulose line, offer consistent granulometric distribution, with Aw values of not more than 0.2% and 0.1%, respectively. Both are suitable for hard tablet production, providing reliability and stability throughout the tablet's shelf life.

The nutraceutical ingredients market report table of contents includes:

1. Executive Summary
2. Nutraceutical Ingredients Market Characteristics
3. Nutraceutical Ingredients Market Trends And Strategies
4. Nutraceutical Ingredients Market - Macro Economic Scenario
5. Global Nutraceutical Ingredients Market Size and Growth
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31. Global Nutraceutical Ingredients Market Competitive Benchmarking
32. Global Nutraceutical Ingredients Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Nutraceutical Ingredients Market
34. Nutraceutical Ingredients Market Future Outlook and Potential Analysis
35. Appendix

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