The Nutraceutical Ingredients Market deals with the development of various ingredients which come together to form a substance which is considered as food. This substance is known as nutraceutical and it provides additional value to a diet in terms of nutrition.
Nutraceutical products are basically a blend of food and medicinal drugs. Nutraceutical food has different favorable circumstances, for example, it provides wholesome supplements to the body through a solid daily diet and plays a vital role in preventing the suffering that accompanies various ailments. Nutraceutical ingredients primarily consist of prebiotics, probiotics, amino acids, peptides, proteins, etc. The expanding utilization of nutraceutical supplements in human as well as animal food is spurring the development of the Nutraceutical Ingredients Market.
Scope & Regional Forecast of the Nutraceutical Ingredients Market:
The Nutraceutical Ingredients Market is anticipated to register a relatively strong growth rate during the next few years as the nutraceutical industry experiences greater demand due to rising awareness levels regarding sound dietary plans. Widespread reports of chronic illnesses and a growing population of the aged or elderly across the world is the real key growth driver for the Nutraceutical Ingredients Market. The expanding utilization of nutraceutical products in pharmaceutical medications because of their powerful properties, for example, its anti-aging attributes boost the development of the Nutraceutical Ingredients Market.
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The Nutraceutical Ingredients Market is presently experiencing a rise demand levels after decent development during the 1990s. While vitamin supplements are still one of the most popular products, they are anticipated to produce generally moderate development in the Western world. This projection of moderate development depends on serious pricing rivalry from China, absence of exclusive mixes, outdated or stagnant product applications, and misleading media coverage regarding their long-term benefits.
Segmentations & Key Players Involved in the Nutraceutical Ingredients Market:
According to IndustryARC findings, the Nutraceutical Ingredients Market can be broken down into various segmentations on the basis of –
- Type: Amino Acids, peptides and proteins, Carotenoids, Polyphenols and flavonoids, Probiotics & Probiotics, Specialty carbohydrates and fibers, Omega-3 Fatty Acids, Vitamins & Minerals and Others.
- Application: Functional Food & Beverage, Dietary Supplements, Animal Nutrition, Personal Care and Others.
- Geography: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Nutraceutical Ingredients Market according to IndustryARC are as follows:
- Baolingbao Biological Co., Ltd. (China)
- Cargill Inc. (U.S.)
- Royal DSM (The Netherlands)
- E.I. DuPont (U.S.)
- GlaxoSmithKline (Pennsylvania)