The nutraceutical ingredients market is estimated to be valued at USD 212.43 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. The nutraceutical ingredients market has witnessed significant growth in the recent past owing to the rising health consciousness among consumers globally. People are increasingly aware about the health benefits of consuming dietary supplements and functional foods containing various nutraceutical ingredients like vitamins, minerals, prebiotics, and probiotics. The growing preference for preventive healthcare has intensified the demand for these ingredients which help in reducing the risk of various chronic diseases. Furthermore, the increasing spending capacity and fast-paced lifestyle have augmented the consumption of nutritional supplements. Nutraceutical ingredients are extracted from various natural sources like plants, marine organisms, and microbes which make them safer alternatives to synthetic medicines. Thus, the growing health and wellness trend coupled with rising disposability incomes is expected to drive the growth of the nutraceutical ingredients market in the coming years.

 Market Dynamics:

The global nutraceutical ingredients market is expected to witness robust growth over the forecast period owing to several factors such as growing health consciousness, rising geriatric population, increasing prevalence of chronic diseases, focus on preventive healthcare, and expanding applications of nutraceutical ingredients. However, factors such as high R&D costs associated with clinical trials and strict regulations pertaining to the usage of these ingredients are expected to restrain the market growth. On the other hand, emerging markets offer lucrative opportunities for nutraceutical ingredients manufacturers owing to the increasing disposable incomes, rising health expenditure, and growing demand for dietary supplements in these regions. Key market players are focusing on new product launches, strengthening their distribution networks and enhancing their production capabilities to capitalize on these opportunities. For instance, investment in clinical validations of ingredients by manufacturers will help augment the adoption of nutraceuticals.

Key Features of the Study:

• This report provides an in-depth analysis of the global nutraceutical ingredients market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global nutraceutical ingredients market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include BASF S.E., BioNeutra Global Corporation, Botaneco Inc., Cargill Inc., Ceapro Inc., DowDuPont Inc., GrainFrac Inc., Ingredion Incorporated, InovoBiologic Inc., Jamieson Laboratories Ltd., Koninklijke DSM N.V., Lallemand Inc., Radient Technologies Inc., and SunOpta Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global nutraceutical ingredients market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global nutraceutical ingredients market

Detailed Segmentation-

• By Form:
• • Dry
  • Liquid
• By Product Ingredients:
• • Vitamins
  • Prebiotics and Probiotics
  • Proteins and Amino Acids
  • Omega Fatty 3 acids
  • Minerals
  • Carotenoids 
  • Fibers & Specialty Carbohydrates
  • Phytochemicals & Plant Extracts
  • Other Ingredients
• By Application:
• • Functional Food
  • Functional Beverages
  • Dietary supplements
  • Animal Feed
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • BASF S.E.
  • BioNeutra Global Corporation
  • Botaneco Inc.
  • Cargill Inc.
  • Ceapro Inc.
  • DowDuPont Inc.
  • GrainFrac Inc.
  • Ingredion Incorporated
  • InovoBiologic Inc.
  • Jamieson Laboratories Ltd.
  • Koninklijke DSM N.V.
  • Lallemand Inc.
  • Radient Technologies Inc.
  • SunOpta Inc.