Nutraceutical ingredient is a portmanteau of the terms 'nutritional' and 'pharmaceutical' ingredients. These can be a portion of food, or food on the whole, having a health or medical benefit, which aid in the prevention, diagnosis, and treatment of several chronic diseases like obesity, cancer, high blood pressure, and diabetes. The major companies operating in the global nutraceuticals ingredients market are Cargill Incorporated, E. I. Du Pont De Nemours and Company, BASF SE, Archer Daniels Midland Company, Associated British Foods PLC, and Ajinomoto Co.
The global market for nutraceuticals ingredients is expected to grow at a CAGR of 11.2% during the forecasted period. It is estimated to be worth around USD XX billion by 2021.
Nutraceutical ingredients are components of food, or other forms of ingestible ingredients that are essential for an improvement in the physiological performance. These ingredients can be extracted from plants, animals, or microorganisms. Also, the natural nutraceuticals synthetic variants, which are sold in the form of pills, capsules, powders, or different medicinal forms, are not associated with food. A nutraceutical ingredient is stated to have a physiological application or for providing protection against chronic diseases. Vital nutrients can be considered as nutraceuticals if they hold benefits beyond their ideal role in the normal maintenance or growth of the human body. For instance, the antioxidant properties of vitamins C and E.
Innovations in the field, considering consumer preferences regarding nutraceutical ingredients, have been a great driver for the market. The scope of nutraceuticals ingredients is on the rise, specially with a high fluctuation in the food regulations, change in the demographics like increasing number of geriatric population, the rise in the expenses related to health and personal care, soaring prices of products related to child obesity and an increase in the incidences of type 2 diabetes. Nutrition and wellbeing are other drivers that are influencing the market to a great extent.
The global nutraceutical market has been segmented by ingredient type into - prebiotics, probiotics, proteins & amino acids, omega-3 fatty acids, minerals, vitamins, carotenoids, fibers & specialty, carbohydrates, phytochemicals & plant extracts, and other ingredients. A high acceptance of products derived from plants is the main factor for the surge in the market for phytochemicals & plant extracts. The consumers in established markets like the U.S., Germany, etc., are moving towards these products. Continuous research & development regarding plant-derived nutraceutical ingredients is resulting in the progress in the field and is increasing its applications.
By product type, the nutraceuticals market is segmented by the gut health, heart health, bone health, immunity, nutrition, weight management, personal care, and beauty; wherein nutrition segment leads the market, followed by personal care and beauty, and weight management.
Applications segment has its scope in functional foods, functional beverages, dietary supplements, animal nutrition, cosmetics, baby products, and others (encapsulating aids, binders, and carriers). Functional beverages are projected to witness the largest growth rate in the future, when compared to the entire application market for nutraceutical ingredients. The revenue drawn from the product market is quite high; however, the nutraceutical ingredients are still striving for their sustenance in the market for functional beverages. The growth prospects of ingredients in the ingredient application market are expected to increase proportionally, with the wider applications of ingredients in the functional beverages sector.
Regarding the availability segmentation, the ingredients are present in the form of powder, liquid, pills & capsules, semi-solids, and others like film, gel, bars, etc. Due to rapid civilization and urbanization, the segment of pills & capsules leads the market, followed by semi-solid (in the form of creams and lotions) segment, owing to their high-demand among the consumers.
Geographically, the global nutraceutical ingredients market has been segmented into North America, Europe, Asia-Pacific, South America, and Africa. The nutraceutical ingredients market is expected to reach USD XX billion by 2021, regarding value. The Asia-Pacific region dominates the market with the largest share and the highest growth rate projected in the coming years, followed by Europe. This is due to factors that are driving the economy and impacting the nutraceutical product market directly. The rate of urbanization is very high in the growing economies of Asia-Pacific, and also, the population is growing at a high rate in nations like India, China, etc. The economy is projected to improve in the coming years in regions with an increase in disposable income and this would boost the market, as people tend to spend a good amount of their income on health-related aspects. The population growth rate in the Oceania nations such as Australia and New-Zealand is not very high. However, nutraceutical ingredients are gaining a higher market share with an increased number of geriatric population preferring nutraceutical products over medicines, to prevent old-age diseases.
- Lonza Acquires InterHealth Nutraceuticals
- Omega Protein to halt acquisitions as it struggles to improve human nutrition sales
- Himalaya eyes, wider market share in ethical nutraceutical market
The entry of major food and pharmaceutical companies has resulted in the market becoming more competitive in the arena of nutraceuticals. Major companies including Kelloggs, Heinz, M&M, Quaker Oats, Nestle, Unilever, Hormel, GlaxoSmithKline, and Johnson & Johnson have made the market stronger, yet, hard for penetration. Several food companies have entrenched their nutraceutical segments with a concept of a diversified product line. Also, pharmaceutical companies have begun to acquire dietary supplement producers to be at the forefront of the competition.
- Associated British Foods PLC
KEY DELIVERABLES IN THE REPORT
- Market analysis for the global nutraceutical ingredients market, with region specific assessments and competition analysis.
- Market definition along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
- Extensively researched competitive landscape section with profiles of major companies along with their market share.
- Identification and analysis of the macro and micro factors that affect the global nutraceutical ingredients market.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- Insights on the major regions in country where this industry is growing and also identify the regions that are still untapped.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
2.2 Research Design
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Market Overview
3.1 Market Dynamics
18.104.22.168 Increase in Chronic Diseases and Ailments
22.214.171.124 Growing Expense in Health Care
126.96.36.199 Preference for Nutritional Diets with Health Awareness
188.8.131.52 Prospering Upper Middle Class for BRICS Nations
184.108.40.206 Rise in Demand for Natural Ingredients
220.127.116.11 Undefined Regulatory Guidelines
18.104.22.168 Low Awareness About Nutraceuticals Among the Aged Community
22.214.171.124 Diverse Applications in Sports and Cosmoceuticals
126.96.36.199 Quest for Low Cost Health Care Substitutes
3.1.4 Porter Five Forces Analysis
188.8.131.52 Bargaining Power of Suppliers
184.108.40.206 Bargaining Power of Buyers
220.127.116.11 Threat of New Entrants
18.104.22.168 Threat of Substitute Products and Services
22.214.171.124 Degree of Competition
4. Market Segmentation
4.1 By Ingredient Type
4.1.3 Proteins & Amino Acids
4.1.4 Omega-3 Fatty Acids
4.1.8 Fibers & Specialty Carbohydrates
4.1.9 Phytochemicals & Plant Extracts
4.1.10 Other Ingredients
4.2 By Product Type
4.2.1 Gut Health
4.2.2 Heart Health
4.2.3 Bone Health
4.2.6 Weight Management
4.2.7 Personal Care and Beauty
4.3 By Application
4.3.1 Functional Foods
4.3.2 Functional Beverages
4.3.3 Dietary Supplements
4.3.4 Animal Nutrition
4.3.6 Baby products
4.3.7 Others (Encapsulating Aids, Binders, Carriers)
4.4 By form
4.4.3 Tablets & capsules
4.5 By Region
4.5.1 North America
4.5.4 South America
126.96.36.199 South africa
5. Competitive Landscape
5.1 Strategies Adopted by Key Players
5.2 Most Active Companies in the Past Five Years
5.3 Market Share Analysis
6. Company Profiles
6.1 CARGILL, INCORPORATED
6.2 E. I. DU PONT DE NEMOURS AND COMPANY
6.3 BASF SE
6.4 ARCHER DANIELS MIDLAND COMPANY
6.5 ASSOCIATED BRITISH FOODS PLC
6.6 AJINOMOTO CO.
6.7 KONINKLIJKE DSM N.V.
6.8 INGREDION INCORPORATED
6.9 ARLA FOODS
6.10 TATE & LYLE PLC
6.11 FMC CORPORATION
6.12 NUTRACEUTIX, INC
6.13 SUNOPTA FOODS
6.14 VALENSA INTERNATIONAL
6.15 YAKULT HONSHA CO., LTD
6.16 ZHEJIANG HANGZHOU XINFU PHARMACEUTICAL CO., LTD
6.19 ARLA FOODS INGREDIENTS
- Ajinomoto Co.
- Archer Daniels Midland Company
- ARLA Foods
- Associated British Foods Plc
- BASF SE
- Cargill Incorporated
- E.I. Du Pont De Nemours and Company
- FMC Corporation
- Ingredion Incorporated
- Koninklijke Dsm N.V.
- Nutraceutix Inc
- Sunopta Foods
- Tate & Lyle Plc
- Valensa International
- Yakult Honsha Co. Ltd
- Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd