Nutraceutical Ingredients Market- Trends and Forecast till 2025

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Nutraceutical Ingredients Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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REPORT DESCRIPTION
Nutraceutical Ingredients Market Overview
Nutraceutical ingredients are substances that aid
in adding nutritive value to the diet.
Nutraceutical ingredients are used in various
end-use industries such as food beverages,
pharmaceuticals, personal care, and animal
feed. Major driving factor for growth of the
global nutraceutical ingredients market is
increasing awareness about healthy diet, which
includes vitamins, proteins, minerals, fibers and
others. Also, rise in usage of nutraceutical
ingredients in pharmaceutical drugs owing to its
properties such as anti-aging, prevention in
chronic diseases, cancer and health improvement
have further driven the market growth of
nutraceutical ingredients. A healthy diet and
lifestyle can help prevent cancer. Nutraceutical
ingredient namely phytochemicals have antioxidant
activities and helps in prevention of cancer.
According to World Cancer Report, the cancer rate
is anticipated to increase by 50 that is up to
15 million cases in 2020. However, high cost of
these ingredients is anticipated to hamper growth
of the nutraceutical ingredients market. Among
product ingredients, fibers specialty
carbohydrates was the dominant segment in the
global nutraceutical ingredients market in 2016.
Omega fatty 3 acid segment is expected to witness
significant growth rate over the forecast period.
This is attributed to increasing product launches
that are rich in omega-3 fibers.
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REPORT DESCRIPTION
By application, functional beverages accounted
for the largest market segment in the
nutraceutical ingredients market in 2016 with a
revenue of US 10.51 billion. This is owing to
the burgeoning growth in consumption of energy
drinks enhanced drinks, majorly by millennials,
globally. According to National Centre for
Complementary and Integrative Health, males
consume most of the energy drinks between age of
18 and 34. . Functional beverages contain
probiotics as nutraceutical ingredients and
consumption of these aids in improving gut
health, immune system, etc. Among form, dry form
was the dominant segment in the market in 2016
and is expected to retain its dominance over the
forecast period. This form has gained popularity
owing to its easy storage, handling, and
transportation. In terms of revenue, Asia
Pacific was the largest market in 2016 with a
market share of 36.19. It is also projected to
exhibit the fastest growth with a CAGR of 7.59
over the forecast period. This is owing to rise
in healthcare spending. According to EU Business
Avenues in South East Asia, the healthcare
spending in ASEAN countries was estimated to be
around US 110.78 billion in 2014. Request
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REPORT DESCRIPTION
Emerging countries such as China and India are
expected to be the key markets for nutraceutical
ingredients as these are major consumers of
functional food and beverages. Moreover,
increasing geriatric population in Asia Pacific
region is one of the major drivers for growth of
this market. According to Economic and Social
Commission for Asia Pacific (ESCAP), the total
number of elderly people is expected to double in
2050, which will be about 1.3 billion from 547
million in 2016. Japan is the largest consumer of
nutraceutical ingredients owing to its wide usage
in herbal medicine for maintaining health and
treating diseases, further driving the overall
growth of the market in Asia Pacific. According
to EU-Japan Centre for Industrial Cooperation,
Japan is anticipated to have 54.8 market share
of the Asia-Pacific nutraceutical ingredients
market in 2017. North America has witnessed to
be the second largest market of the nutraceutical
ingredients in 2016. U.S. is expected to be the
major market in this region over the forecast
period. This growth is attributed to increasing
use of dietary supplements owing to rising
awareness regarding health benefits of
consumption of these supplements as it provides
nutrients mainly minerals and vitamins. According
to U.S. Pharmacopeia Convection, dietary
supplements are used by 80 of adults in the
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