This report provides exclusive insights into the COVID-19 impact on the Nutraceutical Ingredients Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Nutraceutical Ingredients Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Nutraceutical Ingredients Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
Nutraceutical means a fortified
food or dietary supplement that provides health benefits in addition to its
basic nutritional value. However, it is used to describe any product derived
from food sources with extra health benefits. Nutraceuticals can be classified
based on their natural sources, pharmacological conditions and chemical
constitution of the product. The term nutraceutical was coined combining two
words i.e. nutrient and pharmaceutical. Nutraceutical products have gained
noticeable interest due to their potential nutritional, safety and therapeutic
effects. Furthermore, nutraceutical products play a major role in a plethora of
biological process including cell proliferation, antioxidant defenses, and gene
Figure 1: Global Nutraceutical Ingredients Market by Segments
The global nutraceutical Ingredients
market was sized over USD 25 billion in 2016. The global nutraceutical ingredients
market is projected to grow with a CAGR of 7.0% during 2018-2024. Increasing
chronic diseases due to the fast-phased lifestyle of consumer results in rising
awareness in a healthy diet are the prime factor driving the growth of the global
nutraceutical ingredients market. Furthermore, rising use of nutraceutical
ingredients in pharmaceutical drugs due to its properties such as anti-aging,
proper body functioning and health improvement will drive the nutraceutical ingredient
market globally. Moreover, increasing use of nutraceutical ingredients in food
and beverages application and dietary supplement is anticipated to further
drive the global nutraceutical ingredients market over the forecast period.
However, the high price of nutraceutical ingredients and improper balance in demand
and supply, as well as undefined regulatory guidelines, are the key factors
restraining the growth of global nutraceutical ingredients market over the
forecast period. Hence, increasing the use of nutraceutical ingredient in animal
nutrition and increasing demand for these ingredients from the cosmetics
application will bring more opportunities to the global nutraceutical
ingredients market over the forecast period.
The report on global nutraceutical Ingredients market covers segments such as type, application, form, health
benefit, and region. Market segmentation based on type includes prebiotics,
probiotics, proteins & amino acid, vitamins, minerals, omega-3 fatty
acids, carotenoids & antioxidants, fibers & specialty carbohydrates and
others. Moreover, the global nutraceutical ingredients market based on
application is segmented into dietary supplements, functional food &
beverages, animal nutrition, and personal care. Furthermore, the nutraceutical
ingredients market based on the form is segmented into dry, liquid and semi-solid.
Global nutraceutical ingredients market segmentation based on health benefits
includes gut health, bone health, immunity, nutrition, weight management and
Geographic Coverage and Analysis:
The report provides regional an analysis covering geographies such as North America, Europe, Asia-Pacific,
Latin America and Rest of the World. In this section, the key trends and market
size for each geography are provided over the period of 2016 -2024.
Figure 2: Global Nutraceutical Ingredients Market by Region
The Asia-Pacific accounted for the largest share of the market both in terms of volume and revenue due to the presence of
emerging economies such as India, China as they are the prime users of
nutraceutical ingredients. Furthermore, the Asia-Pacific nutraceutical
ingredients market is driven by the growing incidence of chronic diseases and
rising consumer awareness as well as the rapidly aging population in the economies
such as Japan and China. North America accounted as the second largest market
for nutraceutical ingredients followed by the Asia-Pacific. The U.S. is anticipated
to be the prominent market in this region due to increasing awareness regarding
health diet and increasing intake of dietary supplements which will in turn
result in driving the North America nutraceutical ingredients market. Moreover,
Europe nutraceutical ingredients market is also expected to witness moderate
growth over the forecast period due to the rising demand for nutraceutical
ingredients from the applications such as animal nutrition and pharmaceutical
industry. Nevertheless, Latin America grouped in the RoW nutraceutical market
is likely to witness rapid growth due to the rising demand for nutraceutical
ingredients from personal care and functional food & beverages application
over the forecast period.
The companies covered in the report include E.I. du Pont de Nemours & Company, Cargill Inc., DSM
Nutritional Products, BASF SE, Archer Daniels Midland Company, Aland (Jiangsu)
Nutraceutical Company Ltd., Ajinomoto Inc., NutraMarks Inc., Danone, Nestle
S.A., PepsiCo Inc., Adisseo France S.A.S, Kyowa Hakko Bio Co. Ltd., and Tate
and Lyle North America Inc.
The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand for nutraceutical ingredients globally as well as regionally.
Moreover, IGR-Growth Matrix analysis given in the report brings an insight into
the investment areas that existing or new market players can consider. The
report provides insights into the market using analytical tools such as
Porter’s five forces analysis and DRO analysis of nutraceutical Ingredients.
Moreover, the study highlights
current market trends and provides forecast from 2018 to 2024. We also have
highlighted future trends in the nutraceutical ingredients market that will
impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share of
the leading players. This report will help manufacturers, suppliers, and
distributors of the nutraceutical ingredients market to understand the present and
future trends in this market and formulate their strategies accordingly.