Nutraceutical Ingredients Market To Reach USD 241.3 Billion By 2026
Market Summary: Rising demand for fortified food, increased awareness among customers and technological innovations in nutraceutical ingredients industry are key factors contributing to high CAGR during the forecast period. Market Size – USD 142.1 Billion in 2018, Market Growth - CAGR of 6.8 %, Market Trends – Key Rising incidences of chronic diseases and food fortification mandates by government. According to the current analysis of Reports and Data, the global Nutraceutical Ingredients market was valued at USD 142.1 Billion in 2018 and is expected to reach USD 241.3 billion by the year 2026, at a CAGR of 6.8%. 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. Further key findings from the report suggest : • The animal nutrition application of the industry is expected to surge with a CAGR of 6.0 % during the forecast period • Rising health care costs, increasing rates of childhood obesity, increasing incidence of type 2 diabetes and a greater understanding of the links between nutrition and well-being are augmenting market growth. www.reportsanddata.com
Key participants :
LB Minerals Ltd., Imerys S.A., KaMin LLC, Thiele Nutraceutical Ingredients Company, EICL Ltd., and Nutraceutical Ingredients AD
Segmentation: • Type (Revenue in Billion USD; Volume in Kilotons 2016–2026), Probiotics, Proteins & Amino Acids, Phytochemicals & Plant Extracts, Fibers & Specialty Carbohydrates, Omega 3 fatty acids, Vitamins, Prebiotic, Carotenoids, Minerals, Others • Application (Revenue in Billion USD; Volume in Kilotons 2016–2026), Food, Snacks, Confectionary, Dairy, Bakery, Meat and meat products, Baby food, Others, Beverages, Energy drinks, Juices, Health drinks, Personal care, Animal Nutrition, Dietary Supplements • Form (Revenue in Billion USD; Volume in Kilotons 2016–2026), Dry, Liquid
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Regional Outlook for Nutraceutical Ingredients Market analyzes the following geographies ◦ North America (United States, Canada, and Mexico) ◦ Europe (Germany, France, UK, Russia, and Italy) ◦ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) ◦ South America (Brazil, Argentina, Colombia, etc.) ◦ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa
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The report emphasizes the following key questions: ◦ Q.1. What are the most lucrative and promising growth prospects for the market? ◦ Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? ◦ Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? ◦ Q.4. Which factors are impacting the future of the market and what are the driving factors? ◦ Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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