Boston, MA -- (SBWIRE) -- 02/25/2014 -- Nutraceutical Ingredients Market by Type (Probiotics, Proteins, Plant Extracts, Minerals, Vitamins, Fibers, Carotenoids & Others) by Application (Functional Foods & Beverages, Supplements, Animal Nutrition, Personal Care)-Global Trends & Forecasts to 2018
The nutraceutical ingredient market is rising with increased awareness of people and rising health concerns. Consumers are moving towards healthy food that fulfills the need of essential nutrients in the body. Rising awareness level of people towards their health is driving the market for the types of food & beverages that helps in maintaining balanced diet and proper health. Producers are considering the convenience factor for consumers and providing them with nutritious food & beverages instead of supplements. Cosmeceutical is another concept on the rise that combines nutraceutical with personal care. Several mineral-enriched or vitamins-enriched or herbal creams, shampoos, etc. are launched by the companies andalso better skincare, hair-care etc. Animal nutrition is budding with growing meat and milk market. Manufacturers of animal feed attain more output from animals and for this purpose various nutritious ingredients are used in animal feed. The report covers the five key application of nutraceutical ingredients i.e., functional food, functional beverages, dietary supplements, animal nutrition, and personal care.
Prebiotics, probiotics, amino acids, peptides & proteins, phytochemicals & plant extracts, omega 3 & structured lipids, fibers & specialty carbohydrates, vitamins, proteins, carotenoids & antioxidants are the different nutraceutical ingredients being covered in the study. The key regions that are considered for the study are North America, Europe, Asia-pacific and Rest of the world. Asia-pacific forms the dominant market with highest share and CAGR. The globalnutraceutical ingredient market is estimated to experience a growth rate of 7.2% from 2013 to 2018.
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NUTRACEUTICAL INGREDIENT MARKET: MARKET REVENUE, BY TYPE, 2013 VS 2018 ($ BILLION)
Source: Industry Journals, Company Presentations, MarketsandMarkets Analysis
The report defines the nutraceutical ingredient market value in the overall nutraceutical industry. It also includes qualitative and technical data pertaining to nutraceutical ingredient such as subtypes, source, application etc. The report also provides comprehensive review of market drivers, restraints, opportunities, and key issues in the nutraceutical ingredient industry. The major players in the market have also been identified and profiled.
The major players include DuPont (U.S.A), Royal DSM (Netherlands), Cargill (U.S.A), ADM (U.S.A) and BASF (Germany).
1.1.1 SCOPE OF THE REPORT
The global nutraceutical ingredient market has been analyzed in terms of value on the basis of below mentioned classifications.
- Functional food
- Functional Beverages
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