Nutraceutical Ingredients Market Trends, Competitive And Outlook Till 2031
Global Nutraceutical Ingredients Market Research report presents an in-depth analysis of the Nutraceutical Ingredients Market size, growth, share, segments, manufacturers, forecast, competition landscape, and growth opportunity. This report also focuses on key trends, market drivers, challenges, standardization, deployment models, future roadmap, revenue, and forecast. Moreover, this research report categorizes the global Nutraceutical Ingredients Market by companies, region, type, and end-user industry.
The global Nutraceuticals market size was valued at $413.0 billion in 2020, and is projected reach $650.5 billion by 2030, registering a CAGR of 3.9% from 2021 to 2030. The functional food segment led in terms of Nutraceuticals market share in 2020, however, functional beverages are expected to have the highest growth throughout the forecast period.
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Major Nutraceutical Ingredients Market Manufacturers covered in the market report include:
Archer Daniels Midland Company
BASF SE
Cargill, Inc.
Danone
DuPont de Nemours, Inc.
General Mills Inc.
Koninklijke DSM N.V.
Nestle S.A.
PepsiCo Inc.
and Yakult Honsha Co. Ltd.
Key Drivers & Trends
Nutraceuticals are products that are categorized under food but are also used for medicinal purposes. They are also known as bioceuticals as they are made from food materials and food extracts.Over the last few years, consumer awareness regarding herbal products and food is on the rise. Many consumers are avoiding chemical ingredients in their food, health food, functional food, proteins, and Nutraceuticals products. This demand is mainly increasing in developed regions of North America and Europe as consumers in this region are spending more on natural products compared to consumers in other regions. Newer types of nutraceuticals in the forms of gummies, jellies, and soft gels are being introduced in the market and their adoption is gradually increasing, they are available in a myriad of shapes, sizes, flavors and concentrations.
Nutraceutical Ingredients Market Report Highlights
Market Size: Accurate market size and CAGR forecasts
Market Penetration: Thorough information on the product portfolios of the top players in the Global Nutraceutical Ingredients Market. The report analyzes the market based on Product
Product Development/Innovation: Comprehensive insights on upcoming products, research and development activities, and product launches in the Global Nutraceutical Ingredients Market
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various types of Global Nutraceutical Ingredients Market.
Market Diversification: Exhaustive information about products, untapped regions, recent developments, and investments in market
Competitive Assessment: In-depth assessment of leading players operating global Coronavirus Diagnostic Market are provided to understand the global competitive scenario.
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