Nutraceutical Ingredients Market size to surpass $106 Bn by 2032

Nutraceutical Ingredients Market size is predicted to cross USD 106 billion by 2032, according to a new research report by Global Market Insights Inc.
 

As per the report, the commendable rise in the demand and consumption of vitamin-based health supplements, given their proven impacts in supporting bodily functions and overall growth and development, will fuel nutraceutical ingredient sales between 2023 and 2032.
 

Health supplements containing vitamins such as C, A, K, B, B2, B3, B5, and others have gained significant popularity due to the surging prevalence of several medical issues and nutritional deficiencies. According to the World Health Organization (WHO), Vitamin A deficiency (VAD) is the leading cause of childhood blindness across developing countries. Even at subclinical levels, it contributes significantly to mortality and morbidity from common childhood infections.
 

The widescale availability of vitamin E-based supplements in departmental and other retail stores is another key factor fueling the nutraceutical ingredients market demand. These products have gained increased acceptance among consumers, attributed to their visible benefits, including youthful vigor, protection from illness, and good health. The increasing uptake of these dietary supplements among people of all age groups to meet their recommended dietary allowances will positively drive the industry landscape.
 

Higher possibility of nutritional deficiency among the elderly to boost the intake of vitamin nutraceutical ingredients

With reference to the product, the nutraceutical ingredients market from vitamins segment is anticipated to record a CAGR of 8% through 2032. Vitamin deficiency among the elderly can lead to increased serum homocysteine levels, which significantly elevates the risk of dementia and Alzheimer's disease. Thus, the increasing consumption and uptake of vitamin supplements among the aging population to ensure health and fitness will propel segment gains. Moreover, the inclusion of vitamins in day-to-day diets due to their proven impact in boosting immunity will further grow market demand.
 

Liquid nutraceutical ingredients to gain recognition due to their easy ingestion

Regarding the form, the nutraceutical ingredients market from liquid form segment is projected to reach USD 32 billion by 2032, depicting more than 8.5% CAGR during the forecast period. Liquid nutraceutical ingredients are relatively cost-effective and have a simple manufacturing technique. Besides, products in liquid form are easier to ingest compared to dry products and hence are a preferred alternative among consumers.
 

Browse key industry insights spread across 308 pages with 1491 market data tables and 64 figures & charts from the report, “Nutraceutical Ingredients Market Size By Product (Probiotics {Lactobacilli, Bifidobacterium, Bacillus, Streptococcus, and Saccharomyces (Yeast)}, Prebiotics {FOS, Inulin, GOS, MOS}, Vitamins {Vitamin A, Vitamin C, Vitamin D, Vitamin E, Vitamin K, Vitamin B1, Vitamin B2, Vitamin B6, Vitamin B12, Biotin, Folic Acid and Niacin), Amino Acids {Lysine, Methionine, Threonine, Tryptophan}, Carotenoids {Beta-Carotene, Lutein, Astaxanthin, Canthaxanthin, Lycopene}, Phytochemicals & Plant Extracts {Phytosterols, Flavonoids}, Protein {Plant Proteins, Animal Proteins}, EPA/DHA {Anchovy/Sardine, Algae Oil, Tuna Oil, Cod Liver Oil, Salmon Oi, Krill Oil And Menhaden Oil}, Minerals, and Fiber & Carbohydrates {Cereals & Grains And Fruits & Vegetables), By Application (Functional Food, Functional Beverages, Dietary Supplements, Personal Care And Animal Nutrition), By Form (Dry Form, Liquid Form), Covid-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/nutraceutical-ingredients-market
 

Increasing fitness consciousness to bolster product demand in dietary supplements

Speaking of the application spectrum, the dietary supplements applications is estimated to exceed USD 31 billion by 2032. The consumption of high-quality dietary supplements has registered a noticeable uptick due to stressful and hectic lifestyles and flourishing fitness trends. The increasing demand for sports supplements and other nutritional products among athletes and lifestyle & recreational users to overcome micro-nutritional deficiencies caused by improper diet will raise segment gains.
 

Positive economic outlook to augment nutraceutical ingredients sales across Europe

Europe nutraceutical ingredients market will witness over 9% CAGR from 2023 to 2032. The robust economic landscape and the highly educated & well-off European population are driving the demand for healthy products across the region. The increasing influence of fitness and sports in the European population is fostering the adoption of supplements and functional food & beverage.
 

Capacity expansion remains the key growth strategy

Major players involved in the nutraceutical ingredients market include BASF SE, ADM, Ingredion, DSM NV, Cargill, Tate & Lyle, Ajinomoto, Roquette Freres, Arla Food Ingredients, Divis Laboratories, Cosucra Groupe Warcoing SA, Prinova Group, LLC, Ambe Phytoextracts Pvt Ltd, Nutraland USA, Nutra Food Ingredients, Aurobindo Pharma Ltd, Associated British Foods Plc, Aurea Biolabs, Innophos (Nutragenesis, LLC), and AVT Natural Products Ltd.
 

Enterprises operating in this business vertical have been focusing on boosting their production capabilities to strengthen their business standing and gain a competitive edge over others. For instance, in November 2022, ADM, at its Specialty Manufacturing Facility in Decatur, Ill, inaugurated its new North America Microbiology Laboratory. The new lab facility increases ADM's current microbiology laboratory footprint by two-fold, reflecting a substantial expansion of its testing capabilities and penetration in the Decatur community.