Pune, India -- (SBWIRE) -- 06/11/2018 -- 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.
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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.
Global Nutraceutical Ingredients Market By Type (Prebiotics, Probiotics, Proteins & Amino Acids, Omega-3 Fatty Acids, Others), By Application (Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition, Others), By Form (Dry, Liquid), By Health Benefits, By Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025
Some of the major players operating in the global nutraceutical ingredients market are:-
- BASF SE,
- Archer Daniels Midland Company,
- Associated British Foods plc,
- Arla Foods amba,
- Tate & Lyle,
- AJINOMOTO CO.,INC.,
- FMC Corporation,
- PIOMA chemicals,
- BI Nutraceuticals,
- Barrington Nutritionals,
- CK Ingredients,
- Inner Mongolia Ever Brilliance Biotechnology Co., Ltd.
- among others.
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Major Market 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
- Higher costs of fortified and enriched products
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