Nutraceutical Ingredients Market
Global nutraceutical ingredients market is expected to expand at a rate of 7.1% during the forecast period (2019-2024). The growing demand for nutritious food and beverages, accelerating incidences of chronic diseases and strategic norms on food fortification by government has elevated the market growth.
Request a FREE Sample Report of nutraceutical ingredients market
Nutraceutical Ingredients Market Dynamics
The surging demand for functional and fortified foods such as fruits, dairy products, fruits and vegetables with nuts, antioxidants, minerals, herbals, cereals, and vitamins is projected to strengthen the growth of the global nutraceutical ingredients market. In addition, the rising recognition towards health and the accelerating incidences of chronic diseases has bolstered the market growth. Further, the accelerating incidences of chronic diseases will supplement the market growth. Nutraceuticals helps to delay the aging process, averting chronic diseases, treating metal issues and disorders, which further encourage the nutraceutical ingredients market size.
However, the huge cost of nutraceuticals than other supplements is likely to restrain the market growth. Moreover, certain nutraceuticals may cause several side effects including allergic reactions resulted by interactions with other nutraceuticals and therapeutic drugs, which may further hinder the nutraceutical ingredients market share.
Ingredient Type Segment Drivers
By ingredient type, the probiotic segment is anticipated to seize a remarkable share in the overall market. This is because of the increasing consumption of functional food and a surge in the tendency of purchasing exclusive food products integrated with probiotics. In addition, as per the nutraceutical ingredients market report, probiotics help to prevent and treat urinary tract infections, diarrhea, and skin diseases, oral infection, digestive disorders, mental health condition, which further supports the market growth.
Regional Drivers
North America is expected to expand at a faster rate during the forecast period owing to the rising health awareness among population together with high disposable income. The increasing awareness towards mental health and robust demand for functional foods will strengthen the market growth. The existence of key players including DuPont De Numours, Inc., Cargill, Incorporated, and BASF SE is further bolstering the market growth.
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
