Nutraceutical ingredients such as probiotics, vitamins, and omega 3 fatty acids, enhance the nutritional benefits of food and feed products. These ingredients aid in the treatment of several conditions including depression, diabetes, sleeping disorders, and digestion, while preventing certain type of cancers. Unlike conventional products that contain various additives, nutraceutical ingredients eliminate the need for adding artificial colours, or flavours. Moreover, the products created using these ingredients are gluten-free that helps individuals in maintaining their weight, health and increases energy levels. To this end, nutraceutical ingredients are gaining significant traction across restaurants and home-cooked meals. Besides, nutraceutical ingredients are comprehensively used in homoeopathic remedies, preventive medicines, and self-treatment. Against this backdrop, the global nutraceutical ingredients market is anticipated to witness remarkable growth in the upcoming years.
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Growing Prevalence of Chronic Diseases to Aid Nutraceutical Ingredients Market Expansion
Over the recent past, the number of patients suffering from chronic ailments has gained significant momentum. Evidently, a substantial share of global population is suffering from health conditions such as obesity, diabetes, blood pressure, and cardiovascular disease. Considering these health adversities, individuals have become more selective in terms of the food they consume. This has initiated a shift toward organic food items that are healthier. Nutraceutical ingredients perfectly blend with the taste and add essential nutrients to the food items. These ingredients are highly capable of preventing incidence of several diseases. An incessant rise in the prevalence of chronic ailments is unlocking new possibilities for the global nutraceutical ingredients market to expand during the forecast period.
Boom Around Probiotics to Facilitate Nutraceutical Ingredients Market Growth
Of late, nutraceutical ingredients, probiotics, are gaining significant traction due to their overall positive effect on human health. Their applications can be found across a spectrum of industries such as functional foods, beverages, dietary supplements, and animal nutrition products. The growing awareness regarding the benefits of probiotics other than digestion and their increasing use in animal feed has fueled its demand. Furthermore, growing health issues such as diarrhoea and digestive disorders coupled with the rising geriatric population are also accelerating its adoption across the globe. Consequently, these factors are projected to propel exponential growth across the global nutraceutical ingredients market in the years to come.
Asia Pacific to Sustain Dominance in Nutraceutical Ingredients Market Due to Growing Consumption of Healthy Food
Asia Pacific is expected to stay at the vanguard of global market with the shift towards healthy lifestyles and nutrient demands of consumers. Additionally, the region has a large consumer base for food, beverages, dietary supplements, functional food, and personal care products. Furthermore, the rising prevalence of chronic diseases have propelled the consumers to adopt a healthy lifestyle. Hence, more consumers are willing to pay more for organic products. This is promoting sales for nutraceutical ingredients in the region. These factors are anticipated to prompt exponential growth for the regional market.
Major Market Players
Some of the leading players in the nutraceutical ingredients market include Arla Foods, Dsm, Ingredion, Associated British Foods, Ajinomoto, Tate Lyle, Hakko Kirin Group, Chr. Hanse, Kyowa Glanbia Plc, Cargill, Fonterra Co-Operative Group Limited, Amway, Basf Se, Adm, Dupont, Kerry Group, Johnson Johnson Services, Inc., Nestlé, Danone, Balchem Corporation, Sydler India Pvt. Ltd, Divi's Laboratories Ltd, Probi, Barrington Chemical Corporation, and Bi Nutraceuticals.
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