The growing awareness of the importance of a healthy diet rich in proteins, vitamins, fibres, minerals, and other nutrients is one of the major factors driving the global nutraceutical ingredients market's growth. Furthermore, due to properties such as cancer prevention, chronic disease prevention, anti-aging, and health improvement, the increasing use of nutraceutical ingredients in pharmaceutical drugs is expected to drive market growth. Cancer prevention is aided by the antioxidant properties of nutraceutical ingredients such as phytochemicals.
In 2021, the global Nutraceutical Ingredients Market was estimated to be worth $3467.3 million.
Top Companies in the Nutraceutical Ingredients Industry:
1) BASF SE: BASF, founded in 1865 and headquartered in Germany, is the world's largest chemical company, with products ranging from commodities to specialties. Furthermore, the company is a major player in agricultural crop protection chemicals as well as emissions control catalysts for automobiles and trucks. BASF announces an innovation collaboration with RiKarbon on bio-waste emollients.
2) E.I. du Pont de Nemours and Company: DuPont is a global specialty chemicals company that was formed in 2019 as a result of the merger of DowDuPont and subsequent separations. Headquarters are in Wilmington, Delaware, USA.
Its product portfolio includes specialty chemicals and downstream products for the electronics and communication, automotive, construction, safety and security, and water management industries. DuPont benefits from its ability to manufacture patented specialty chemicals with pricing power. Kevlar, Tyvek, and Nomex are notable products that have evolved over time to enable a wide range of applications across multiple industries.
3) Cargill Inc.: Cargills (Ceylon) PLC owns and operates a supermarket and convenience store chain. It manufactures and markets meals and drinks in Sri Lanka. The company's current segments are Food Retailing, Food and Drink Production and Distribution, Restaurant, and Estate Development. It creates the most income from the Food Retailing segment. Conover, Iowa, was established in 1865. The headquarters are in Wayzata, Minnesota, USA. Cargill has procured 24 businesses and invested in 29 others. The merger and acquisition resulted in a price tag of more than $6.14 billion. Cargill has made investments in a range of sectors, including genomics, livestock technology, life sciences systems and tools, and others.
4) Archer Daniels Midland Company: Archer-Daniels Midland is a major wheat, corn, oil seed, and other agricultural commodity processor. Furthermore, the company owns a vast network of logistical assets for storing and transporting crops worldwide. ADM also owns a nutrition company that specialises in human and animal ingredients. In addition, the company is a major producer of corn-based sweeteners, starches, and ethanol. Minneapolis, Minnesota was founded in 1902. The headquarters of the company are in Chicago, Illinois, USA. Archer Daniels Midland Company has acquired 17 companies and made 9 investments. Acquisitions cost the company more than $5.29 billion. Archer Daniels Midland Company has made investments in a variety of industries, including Life Sciences Nutraceuticals Technology, Platforms and Tools, Food Technology, and many others.
5) DSM Nutritional Products: The Dutch government established DSM in 1902 to mine coal reserves in Limburg's southern province. The company's headquarters are in Heerlen, the Netherlands. Koninklijke DSM is a global science-based company based in the Netherlands that operates in the fields of nourishment, wellness, and sustainable living. Animal nutrition and nourish, meals and drinks, pharmaceutical drugs, medical nourishment, early life nutrition, nutrient improvement, nutritional supplements, and personal care are all services offered by the company.
6) Ingredion Incorporated: Ingredion is a company that makes components for the nutrition, drink, paper, and personal-care industries. Valuation, specialty ingredients account for roughly one-third of sales, with resource ingredients accounting for the remainder. With the majority of its sales outside the U. S., Ingredion is a global player with a strong presence in developing markets such as Latin America and Asia-Pacific.
*Definition: Nutraceutical ingredients are natural compounds that provide health benefits in addition to those provided by basic nutrition. They're in foods, supplements, and functional foods.
