How Has the Nutraceutical Ingredients Market Evolved Historically and What is its Current Size?
The nutraceutical ingredients market has seen considerable growth due to a variety of factors.
• The market size of nutraceutical ingredients has been experiencing significant growth over the past few years. From an estimation of $57.52 billion in 2024, it is projected to rise to $62.1 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.0%. This substantial growth during the historical period is attributable to factors such as heightened health consciousness, an aging populace, proactive healthcare measures, lifestyle-related diseases, changing consumer preferences, and governmental initiatives.
What Is The Projected Growth Of The Nutraceutical Ingredients Market?
The Nutraceutical Ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of nutraceutical ingredients is anticipated to experience a robust growth in the coming years, escalating to $88.06 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%.
This projected growth during the forecast period could be due to factors such as personalized nutrition, the rise in e-commerce, an increase in demand for clean labels, the popularity of plant-based food, focus on immune health, and mental wellness merchandise. Key trends expected in the forecast era are the focus on probiotics and gut health, clean labels and transparency, ingredients for cognitive health, ethically sourced and sustainable practices, along with technological advancements in delivery formats.
What Are The Key Drivers Fueling Growth In The Nutraceutical Ingredients Market?
The surge in popularity for probiotics and foods with a high protein content is anticipated to fuel the expansion of the nutraceutical ingredients market in the near future. These live microorganisms and protein-dense foods have proven health benefits when ingested or administered to the body. As these nutraceutical ingredients are packed with vital proteins required by the human body, the increasing demand for probiotics and protein-rich foods will influence the need for more nutraceutical ingredients. For example, a survey by the International Food Information Council, a US non-profit organization backed by the food, beverage, and agricultural sectors, titled 'Consumer Insights on Gut Health & Probiotics' gathered responses from 1000 US adults aged 18+ from March 4 to March 9, 2022. This demonstrated that roughly a third (32%) of participants consciously consume probiotics, with 60% of this population doing so at least once daily and 24% multiple times per day. As such, the burgeoning demand for probiotics and foods high in protein is predicted to invigorate the growth of the nutraceutical ingredients market.
What Are The Principal Market Segments In The Global Nutraceutical Ingredients Industry?
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
Subsegments:
1) By Vitamins: Water-Soluble Vitamins, Fat-Soluble Vitamins
2) By Proteins And Amino Acids: Whey Protein, Soy Protein, Casein Protein, Pea Protein, Other Plant-Based Proteins, Amino Acids
3) By Probiotics: Lactobacillus, Bifidobacterium, Saccharomyces, Other Strains
4) By Minerals: Calcium, Magnesium, Zinc, Iron, Other Essential Minerals
5) By Omega-3 Fatty Acids: EPA (Eicosapentaenoic Acid), DHA (Docosahexaenoic Acid), ALA (Alpha-Linolenic Acid)
6) By Fibers And Specialty Carbohydrates: Soluble Fiber, Insoluble Fiber, Resistant Starch, Other Specialty Carbohydrates
7) By Prebiotics: Inulin, Oligofructose, Galactooligosaccharides (GOS), Other Prebiotic Ingredients
8) By Phytochemical And Plant Extracts: Flavonoids, Polyphenols, Terpenes, Other Plant Extracts
9) By Other Product Types: Enzymes, Antioxidants, Herbal Extracts, Other Specialty Ingredients
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Which Emerging Market Trends Are Altering The Nutraceutical Ingredients Industry?
Key players in the nutraceutical ingredients market are concentrating on the creation of folate ingredients rich in choline. They aim to amplify cognitive performance, bolster brain health, and foster holistic wellness, especially in pregnant females and those susceptible to neurological complications. Choline-fortified folate components pertain to nutritional supplements or food enhancement additives that mingle choline, a crucial nutrient, with folate (also known as vitamin B9), a vital element for DNA creation and cellular division. For instance, Balchem Corp., an American enterprise, unveiled Optifolin in May 2024 - a choline-fortified folate component crafted to enrich the nutritional content of different food items and dietary products. Optifolin contains a sizeable proportion of choline, an essential component for brain growth and functionality. Furthermore, this ingredient is loaded with folate which plays a critical role in DNA creation and restoration, vital for cellular growth and division. Folate is particularly vital for women within the childbearing age bracket to thwart the occurrence of neural tube flaws in growing fetuses.
Who Are the Key Players In The Nutraceutical Ingredients Market?
Major companies operating in the nutraceutical ingredients market include:
• Cargill Incorporated
• Abbott Laboratories
• Ajinomoto Co. Inc.
• Aker Biomarine ASA
• Alticor Inc.
• Archer-Daniels-Midland Company
• Arla Foods Amba
• Associated British Foods plc
• BASF SE
• Chr. Hansen Holding A/S
• Danone SA
• DuPont de Nemours Inc.
• Fonterra Co-operative Group Limited
• General Mills Inc.
• Glanbia plc
• GlaxoSmithKline plc
• Ingredion Incorporated
• Johnson & Johnson Services Inc.
• Kellogg Company
• Koninklijke DSM NV
• Kraft Heinz Company
• Nestlé SA
• Novozymes A/S
• Nutraceutix Inc.
• PepsiCo Inc.
• Procter & Gamble Company
• Roquette Freres SA
• Tate & Lyle plc
• Kerry Group plc
• FMC Corporation
• Lonza Group AG
• Nutraceutical International Corporation
• Sabinsa Corporation
What Are The Regional Insights Into The Nutraceutical Ingredients Market?
North America was the largest region in the nutraceutical ingredients market in 2024. 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
