VANCOUVER, BC, March 24, 2022 /PRNewswire/ -- The global nutraceutical ingredients market is expected to reach a market size of USD 277.46 Billion in 2028 and register a CAGR of 6.8% over the forecast period, according to latest analysis by Emergen Research. This growth can be attributed to the increasing need to enhance the nutritional value of products with high-quality food and supplement ingredients. Increasing awareness among consumers regarding nutritional enrichment is driving growth of nutraceutical ingredients market. Increasing demand for natural immunity-boosting products has resulted in the increasing demand for nutraceutical ingredients. Increasing demand for functional food owing to the health benefits provided by them has helped in the market growth.
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Increasing investments of nutraceutical manufacturers for the advancement of nutraceutical ingredients and products is expected to boost the market growth. Availability of raw materials in developing countries such as India is supporting the development of the market in those countries. Growing awareness programs regarding the benefits of nutraceutical ingredients by the government and private stakeholders are key factors supporting the growing demand for the products. Increasing consumer preferences toward naturally derived nutraceutical ingredients consisting of herbal and botanical extracts are expected to boost market growth.
Major companies in the nutraceutical ingredients market include
Associated British Foods plc, Arla Foods, DSM, Ingredion Incorporated, Tate & Lyle, Ajinomoto Co., Inc., Chr Hansen Holding A/S, Glanbia plc, Cargill, Inc. and Archer-Daniels-Midland Company.
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Emergen Research has segmented global nutraceutical ingredients market on the basis of form, type, application, and region:
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