Nutraceutical Ingredients Market 2018-2023 - Focus on Prebiotics & Probiotics, Proteins & Amino Acids, Minerals, Vitamins, Carotenoids

Dublin, Feb. 21, 2018 -- The "Nutraceutical Ingredients Market by Type (Prebiotics & Probiotics, Proteins & Amino Acids, Minerals, Vitamins, Carotenoids), Application, Form, Health Benefit, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The nutraceutical ingredients market is estimated at USD 34.06 billion in 2018 and is projected to reach USD 49.02 billion by 2023, at a CAGR of 7.5%, in terms of value.

The growth of this market is attributed to the rising health awareness and an increase in chronic diseases in the past few years. High costs involved in the R&D activities along with high price for fortified and enriched products are some of the restraints affecting the growth of this market. Changing lifestyles, rise in the number of government mandates regarding food & beverage fortifications in certain countries, and the growing demand for nutraceutical products in emerging economies are paving new opportunities for the nutraceutical ingredients market.

In 2017, the phytochemical & plant extracts segment is projected to grow at the highest CAGR, in terms of value. Due to the rising global awareness with regard to the side-effects of chemical ingredients utilized in food processing, consumers are demanding nutraceuticals that utilize natural ingredients. This trend has resulted in a tremendous demand for phytochemical & plant extract ingredients in the nutraceutical industry.

The large market share of dietary supplements can be attributed to it being a cost-effective solution to customers and the availability of multiple nutrients to humans. The dietary supplements segment is projected to grow at a significant rate due to the prevalence of certain nutrient deficiencies, increase in the number of incidences of chronic diseases, and inclination of consumers toward the consumption of natural ingredients.

Market Dynamics

Drivers

• Growth in Life Expectancy & Health Consciousness Among Consumers
• Growth in Demand for Functional and Fortified Foods
• Increase in Incidences and Burden of Chronic Diseases
• Mandating of Food Fortification By Government Organizations
• Increase in Applications of Nutraceutical Ingredients

Restraints

• Higher Costs of Fortified and Enriched Products

Opportunities

• Promotion of Healthy Diets By Governments
• Growth in Demand in Emerging Economies

Challenges

• Inaccurate Labeling of Food Products
• High Costs Involved in R&D Activities
• Varying Regulatory Standards in Different Sovereign States

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Nutraceutical Ingredients Market, By Type

7 Nutraceutical Ingredients Market, By Application

8 Nutraceutical Ingredients, By Form

9 Nutraceutical Ingredients, By Health Benefit

10 Nutraceutical Ingredients Market, By Region

11 Competitive Landscape

12 Company Profiles

• ADM
• Ajinomoto
• Arla Foods
• Associated British Foods
• BASF
• Cargill
• DSM
• Dowdupont
• Ingredion
• Tate & Lyle

For more information about this report visit https://www.researchandmarkets.com/research/wx8jmr/nutraceutical?w=12

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
         Related Topics: Nutraceuticals and Weight Loss