Market Definition: Global Nutraceutical Ingredients Market
Nutraceutical ingredients are specific types of foods or drinks that offer health benefits due to presence of active ingredients. Nutraceuticals improve health, delay the aging process, avoid chronic diseases, increase life expectancy, and support the structure or function of the body. Health benefits achieved by the nutraceutical ingredients are much more helpful than the basic nutritional food products provide. These health benefits are related to physiological or mental, reducing the risk of chronic diseases other than providing basic nutritional functions, promoting growth, and enhancing the performance of body or mind. For example for the benefits, milk is a nutraceutical product which is good for the heart and muscles, while omega 3 fatty acids help to prevent obesity.
Market Analysis: Global Nutraceutical Ingredients Market
The Global Nutraceutical Ingredients Market is expected to reach USD 56.52 billion by 2025, from USD 31.69 billion in 2017 growing at a CAGR of 7.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Competitive Analysis: Global Nutraceutical Ingredients Market
The global nutraceutical ingredients market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of nutraceutical ingredients market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Nutraceutical Ingredients Market
Some of the major players operating in the global nutraceutical ingredients market are Cargill, Incorporated, DowDuPont, , BASF SE, Archer Daniels Midland Company, Associated British Foods plc, DSM, Ingredion, Arla Foods amba, Tate & Lyle, AJINOMOTO CO.,INC., FMC Corporation, PIOMA chemicals, BI Nutraceuticals, nutragenesis, NWIL, Barrington Nutritionals, CK Ingredients, Inner Mongolia Ever Brilliance Biotechnology Co., Ltd. and Marcor, among others.
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