The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The nutraceutical ingredients market has experienced robust growth in recent years, fueled by increasing health awareness, lifestyle diseases, and a growing preference for preventive healthcare. With a focus on innovative products and consumer wellness, this market is poised for further expansion and transformation.

Market Overview

• Historical Growth: From $53.28 billion in 2023 to $57.52 billion in 2024, with a CAGR of 8.0%.
• Forecasted Growth: Expected to reach $80.4 billion in 2028, with a CAGR of 8.7%.
• Drivers: Increasing health awareness, aging population, preventive healthcare, lifestyle diseases, consumer preferences, government initiatives.

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Surging Demand for Probiotics and Protein-Rich Foods

The rising popularity of probiotics and protein-rich foods is a significant driver for the nutraceutical ingredients market.

• Consumer Trends: 32% of US adults actively consume probiotics, driving demand for nutraceutical ingredients.
• Functional Benefits: Probiotics and protein-rich foods offer health benefits, propelling the market for nutraceutical ingredients.

Key Players in the Market

• Leading companies such as Cargill Incorporated, Abbott Laboratories, and BASF SE are driving innovation in nutraceutical ingredients.
• Emphasis on product development and advancements to meet consumer demand for functional foods.

Innovative Product Development

• Tate & Lyle’s Launch: Introduction of REZISTA MAX and BRIOGEL starches cater to food manufacturers seeking superior texture and mouthfeel.
• Suanfarma’s Acquisition: Acquisition of Monteloeder expands Suanfarma’s active-nutritional portfolio, enhancing its position in the nutraceutical ingredients market.

Market Segmentation

• By Product Type: Vitamins, proteins, probiotics, minerals, omega-3 fatty acids, fibers, prebiotics, phytochemicals, and plant extracts.
• By Health Benefits: Cognitive health, gut health, heart health, bone health, immunity, weight management, among others.
• By Form: Dry and liquid.
• By Application: Food, beverages, personal care, animal nutrition, dietary supplements.

Regional Dynamics

• North America Leadership: North America led the nutraceutical ingredients market in 2023, driven by consumer focus on wellness and preventive healthcare.
• Asia-Pacific Growth: Expected to be the fastest-growing region, reflecting increasing consumer awareness and adoption of functional foods.

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The Nutraceutical Ingredients Global Market Report 2024  provides comprehensive insights on the nutraceutical ingredients market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the nutraceutical ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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