The Global Nutraceutical Ingredients Market has experienced astounding growth in the past few decades. The report investigates the various market shares, revenues, and restraints. It provides a detailed analysis of the competitive strategies of the prime key players of the industry. The report examines the volumetric and regional analysis of different regions such as North America, China, Australia, India, France, Japan, and Italy. It evaluates the major challenges faced by the industry during the covid 19 pandemic. The report gives a comprehensive and better knowledge of the current and future growth opportunities.
According to the research report, the Nutraceutical
Ingredients Market: Current Analysis and Forecast (2021-2027), say that the nutraceutical ingredients are derived from sources
such as animal, plant, microbial, and synthetic, which provide health benefits,
adding the primary nutritional value and functional benefits to various
applications such as food, beverages, dietary supplements, animal nutrition,
and personal care products. The nutraceuticals ingredients market can be
segmented into functional food, beverages, personal care, animal nutrition, and
dietary supplements. With the availability of a range of enhanced water and
nutritional beverages, the functional beverages segment accounted for the
largest share in the market. According to a study, the rise in the aging
population, coupled with increasing incidences of chronic diseases, has led to
changes in eating patterns. Consumers’ concerns regarding nutrient inadequacy
tend to be general, rather than concerned with a specific health condition or
nutrient in their diet.
Countries such as North America (the United States and Canada),
Europe (Germany, France, Italy, Spain, United Kingdom), Asia-Pacific (China,
Japan, India, Australia, South Korea). North America dominates the market with
the largest share and the highest growth rate projected in the forecast period.
Consumer preferences for functional foods and beverages have been one of the
crucial factors driving the growth of the market in this region.
The covid 19 pandemic has slightly positively affected the sector.
The global nutraceuticals market is expected to witness consistent growth
following the outbreak of COVID-19, as these include the food ingredients that
provide medical or health benefits to prevent diseases as well as boost the
overall immune system. Even after the immediate shutdowns, travel bans,
restaurants closed all indoor or outdoor events restricted led to an immense
slowing of supply chains, the industry managed to grow at a steady rate.
The rising adoption of fortified food & beverages led to an
increase in consumer demand. Rising consumer interest in functional food is a
result of the health benefits, performance, and perceived wellness. Owing to
the ease of incorporating nutraceutical ingredients in it, the demand for
functional end-products such as dairy products, bakery and confectionery,
snacks, cereals, fats and oils, meat, and baby food is on the high rise. Also,
the mandates on food fortification by government organizations led to major
growth in the sector. The market presents a growing activity of integration in
the long term by the suppliers of raw nutraceutical ingredients because of the
growing demand and the infinite growth prospects of the market.
For More Information, refer to below link:-
Global
Nutraceutical Ingredients Market
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