Global Trends & Forecast to 2020 for Nutraceutical Ingredients
The nutraceutical ingredients market is emerging with the growing life expectancy and health consciousness among consumers
Bharatbook.com announces a report on “Nutraceutical Ingredients Market by Type, Application , Health Benefits by Region - Global Trends & Forecast to 2020”. The report includes the market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the nutraceutical ingredients market, and restraints of the market.
The nutraceutical ingredients market is segmented on the basis of types into prebiotics, probiotics, proteins & amino acids, vitamins, minerals, Omega-3 fatty acids, phytochemicals & plant extracts, fibers & specialty carbohydrates, carotenoids, and others. Fibers & specialty carbohydrates are the most widely used nutraceutical ingredients, followed by vitamins. The market is segmented on the basis of applications into functional food, functional beverages, dietary supplements, animal nutrition, and personal care. The market is segmented on the basis of health benefits such as gut health, bone health, heart health, immunity, nutrition, and weight management. The market is also segmented on the basis of regions such as North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW); and has been further segmented on the basis of their key countries.
Both “bottom-up” and “top-down” approaches were used to arrive at the market sizes and obtain the market forecast numbers. Extensive secondary research was conducted to understand the market insights and trends, which were further validated through primary interviews.
The nutraceutical ingredients market, in terms of value, is projected to reach about USD 38.7 billion by 2020, at a CAGR of about 7.2% from 2015 to 2020. In 2014, the global consumption of nutraceutical ingredients stood at 1.76 KT, and is projected to grow at a CAGR of about 7% from 2015 to 2020. It is projected to grow as a result of new products being launched in different applications and companies expanding their footprint in new regions. The Asia-Pacific region dominated the nutraceutical ingredients market in 2014.
The report provides both, qualitative and quantitative analyses of the market for nutraceutical ingredients. It includes the market dynamics, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the nutraceutical ingredients market, and restraints of the market. The report also studies the opportunities in the market for new entrants.
To maintain a competitive edge in the nutraceutical ingredients market, the key players invest heavily in the expansions & investments and acquiring other related companies. Leading players such as Koninklijke DSM N.V. (The Netherlands), E.I. du Pont de Nemours & Company (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), and Associated British Food plc (U.K.) have been profiled in the report.