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Pulished Date February, 2020
ID: 491
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Nutraceuticals Market by Application (Functional Food, Functional Beverages, Dietary Supplements, Personal Care, Animal Nutrition and Others), and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2020 – 2025)

Pulished: February, 2020
ID: 491
Pages: 180

Nutraceuticals Market Growth and Forecast (2020-2025):

Nutraceuticals Market size was worth USD 382.51 billion in 2020, and it is estimated to reach a valuation of US$ 722.49 billion by the end of 2025, rising at an annual compound rate of 8.3% between 2020 and 2025. The increasing demand for dietary supplement products for functional foods is expected to lead the market due to less use of genetically modified food and crops.

Market Overview:

Nutraceuticals are standardized food sources derived from food sources that further benefit the essential nutritional value found in food. They are derived from food sources that have additional health benefits along with the fundamental dietary value of foods. It can be considered as a non-specific biological therapy used to promote safety, control symptoms and avoid destructive processes. Nutraceuticals are products that provide additional health benefits and nutrition for the human body. It is made up of fortified nutrients such as taurine, CoQ10, omega-3, calcium, zinc and antioxidants to improve consumer health. This nutrient helps prevent medical conditions like high blood pressure, diabetes, heart disease, and allergies.

The integration of functional foods and personal care has benefited the nutraceuticals market with cosmetics due to its anti-aging properties. The increased risk of chronic diseases such as diabetes, high blood pressure, obesity, and cholesterol is expected to increase the demand for these nutraceuticals during the forecast period. Functional foods provide medicinal and health benefits and improve the nutritional value of foods.

Impact of COVID-19on Nutraceutical Ingredients Market:

Over the Pandemic of COVID- 19 all over the world, there will be an increased demand for Nutraceutical Ingredients, such as herbal supplements, dietary nutrition products for immunity boosting. During the Pandemic of Covid-19, the need for immunity is rising. Market growth of immunity booster product grows on steady-state. 

 

Recent Developments in Nutraceuticals Industry:

  • In May 2020, Kemon Industry (US) launched the new immunity-boosting Nutraceutical Ingredients products made by algae source beta-glucan ingredients and European Authorities permit production.
    The global EPA AND DHA, as well as Omega-3 products is having increasing revenue during the Covid-19 pandemic period. Also, the market growth is on steady-state because of mounting immunity-boosting products.

  • In December 2017, Arla Foods and PT Indofood CBP SuksesMakmurTbk (Indonesia) will launch a new joint venture to expand Arla Foods' presence in the Indonesian market.

  • In August 2018, ADM announced that it would add Onavita algae DHA powder to its line of Omega-3 product solutions. The new Omega-3 powder is part of ADM's portfolio of health and wellness ingredients, including probiotics, vitamins, plant extracts, and nourishing oils.

  • In October 2018, Cargill launched Latitude, a plant-based, sustainable alternative omega-3 source for fish feeding applications. Latitude reduces dependence on marine ingredients, including feed fish, and provides environmental degradation and guarantees for marine fish.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2025

Base Year

2019

Forecast Period

2020 - 2025

CAGR

8.3%

Segments Covered

By Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Archer Daniels Midland Company, Cargill, Royal DSM N.V, BASF SE, Nestle S.A, Groupe Danone S.A, Groupe Danone S.A, PepsiCo, Aland (Jiangsu) Nutraceutical Co., Ltd, General Mills, Blytheco, Gamajet, Pharmachem Laboratories, Balchem Corp and Others.

Nutraceuticals Market Growth:

Expensive treatments have paved the way for nutraceuticals as an alternative to expensive drugs that are assumed to increase in the near future.

Drivers:

As the number of nutrition care professionals or service providers such as nutritionists and dietitians increases, awareness of nutraceutical products and dietary supplements is also increasing. In light of the increased application for the treatment of cardiovascular disease and malnutrition, a favorable prospect for medical nutrition appears to stimulate the growth of dietary supplements. Rising health care costs, coupled with an increase in the elderly population worldwide, are expected to support the growth of the global nutraceuticals market during the outlook period. As consumer interest in healthy foods has increased, the food and beverage market has recently blossomed, and the trend is expected to continue throughout the forecast period. The demand for functional foods is believed to provide excellent health benefits due to the nutrient content and is increasing. This is anticipated to promote the growth of the global nutraceutical market further.

As the demand for milk and meat has increased, animal feed manufacturers have added functional feed to animal feed. This is strengthening the nutraceuticals market. In addition to this, the high level of awareness among consumers in developed countries about the benefits of a nutritional diet and the growing demand for natural beauty products is helping the growth of the worldwide market. Consumers in developed countries have a high level of knowledge of the side effects of pharmaceuticals and are increasingly choosing healthier foods and dietary supplements derived from products derived from natural ingredients.

Positive consumer attitudes toward functional foods are accelerating target market growth due to the additional health and wellness benefits of these healthy food products. Expectations of an increase in the elderly population, rising health care costs, lifestyle changes, food innovation, and rising prices helped the overall growth of the functional food industry. The global nutraceuticals industry has witnessed significant advances in product innovation and portfolio expansion in recent years. State-owned companies are actively involved in launching strategies to gain a competitive advantage in the health food industry. In the short term, open market participants are foreseen to do the same.

Restraints:

The rise in the price of functional foods, in particular, limits consumption in underdeveloped countries. Functional food prices are generally higher than pharmaceuticals. The substantial difference between nutraceuticals and drug prices is forcing consumers to choose low-cost drugs. Low awareness of functional foods is another factor that challenges growth. A large population around the world has yet to realize the benefits of these nutraceuticals.

Nutraceuticals Market Segmentation Analysis:

Global Nutraceutical Ingredients market is segmented by types, by the form, and by the regions.

By Types, in which Prebiotics, Probiotics, protein, and amino acid, Vitamins Omega-3 fatty acids, fibers and carbohydrates, phytochemicals, and plant extracts are the major components of Nutraceutical Ingredients. Among these, the probiotics are having a major market share. They are mainly made by plant herbal raw materials. It helps in health benefits and provides different types of nutrition to the body of human beings as well as animals. Prebiotic products are having future scope in the market. 

By form, dry and liquid forms of the Nutraceutical Ingredients are available in the market. Both the dry and liquid Nutraceutical Ingredients are having complex production processes. Dry form Nutraceutical Ingredients products are more stable and easy to handle so the demand for the dry form is relatively high.

Regional Analysis:

The Asia-Pacific region became a crucial region in the global nutraceutical market in 2019 as consumer health issues increase and awareness of dietary supplements increases. In addition, the growth of the aging population, changes in spending patterns for medical devices, and changes in lifestyle have enhanced the growth of the functional food industry in the Asia Pacific region. The broad product portfolio and government regulations for useful food products are some of the factors that inhibit the growth of the nutraceuticals industry. However, as the trend to strengthen foods into functional foods increases, the need for nutraceuticals is also foreseen to create growth opportunities. The increasing awareness of China and India about nutritional strengthening is estimated to continue to be a factor in the growth of the functional food industry.

Furthermore, in terms of regulatory support to promote investment, the expansion of the retail market in countries such as China, Indonesia, Malaysia and India are expected to lead the nutraceuticals market by increasing access to buyers during the forecast period. The consumption of dietary supplements in North America is expected to accelerate in the coming years as awareness of nutritional improvement increases among American and Canadian experts. Moreover, as concerns about the adverse effects associated with existing pharmaceutical drugs increase, the high adoption of medicinal herbs among people in the United States and Canada are deemed to expand the size of the nutraceuticals industry during the projection period.

Key Players in the Market:

  • Archer Daniels Midland Company
  • Cargill, Incorporated
  • Royal DSM N.V
  • BASF SE
  • Nestle S.A
  • Groupe Danone S.A
  • E. I. du Pont de Nemours and Company
  • PepsiCo Inc
  • Aland (Jiangsu) Nutraceutical Co., Ltd
  • General Mills, Inc
  • Blytheco
  • Gamajet
  • Pharmachem Laboratories
  • Balchem Corp
  • Alpha Packaging
  • Aker BioMarine
  • Barrington Nutritionals
  • Premier Nutraceutical Pvt Ltd
  • Sydler India
  • Marlyn Nutraceuticals

Leading company:

In the Global Nutraceutical Ingredients market, Kraft Heinz and GlaxoSmithKline industry are in a leading position.

1. Introduction                          

          1.1 Market Definition                 

          1.2 Study Deliverables               

          1.3 Base Currency, Base Year and Forecast Periods              

          1.4 General Study Assumptions            

2. Research Methodology                     

          2.1 Introduction              

          2.2 Research Phases                  

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Econometric Modelling      

                   2.2.4 Expert Validation     

          2.3 Analysis Design         

          2.4 Study Timeline           

3. Overview                    

          3.1 Executive Summary              

          3.2 Key Inferences           

          3.3 Epidemology              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                         

          4.1 Market Drivers           

          4.2 Market Restraints                

          4.3 Key Challenges          

          4.4 Current Opportunities in the Market         

5. Market Segmentation                       

          5.1 Application                

                   5.1.1 Introduction  

                   5.1.2 Animal Nutrition     

                   5.1.3 Functional Food      

                   5.1.4 Dietary Supplements

                   5.1.5 Functional Beverages

                   5.1.6 Personal Care

                   5.1.7 Y-o-Y Growth Analysis, By Application   

                   5.1.8 Market Attractiveness Analysis, By Application  

                   5.1.9 Market Share Analysis, By Application    

6. Geographical Analysis                     

          6.1 Introduction              

                   6.1.1 Regional Trends      

                   6.1.2 Impact Analysis       

                   6.1.3 Y-o-Y Growth Analysis      

                             6.1.3.1 By Geographical Area

                             6.1.3.2 By Type

                             6.1.3.3 By Application

                   6.1.4  Market Attractiveness Analysis   

                             6.1.4.1 By Geographical Area

                             6.1.4.2 By Type

                             6.1.4.3 By Application

                   6.1.5  Market Share Analysis      

                             6.1.5.1 By Geographical Area

                             6.1.5.1 By Type

                             6.1.5.3 By Application

          6.2 North America           

                   6.1.1 Introduction  

                   6.1.2 United States

                   6.1.3 Canada         

          6.3 Europe            

                   6.2.1 Introduction  

                   6.2.2 U.K     

                   6.2.3 Spain  

                   6.2.4 Germany      

                   6.2.5 Italy    

                   6.2.6 France

          6.4 Asia-Pacific               

                   6.3.1 Introduction  

                   6.3.2 China  

                   6.3.3 India   

                   6.3.4 Japan  

                   6.3.5 Australia       

                   6.3.6 South Korea  

          6.5 Latin America            

                   6.4.1 Introduction  

                   6.4.2 Brazil  

                   6.4.3 Argentina     

                   6.4.4 Mexico

                   6.4.5 Rest of Latin America        

          6.6 Middle East & Africa             

                   6.5.1 Introduction  

                   6.5.1 Middle-East  

                   6.5.3 Africa 

7. Strategic Analysis                  

          7.1 PESTLE analysis          

                   7.1.1 Political        

                   7.1.2 Economic     

                   7.1.3 Social 

                   7.1.4 Technological

                   7.1.5 Legal  

                   7.1.6 Environmental

          7.2 Porter’s Five analysis            

                   7.2.1 Bargaining Power of Suppliers      

                   7.2.2 Bargaining Power of Consumers   

                   7.2.3 Threat of New Entrants      

                   7.2.4 Threat of Substitute Products and Services       

                   7.2.5 Competitive Rivalry within the Industry  

8. Market Leaders' Analysis                           

          8.1 E. I. du Pont de Nemours and Company              

                   8.1.1 Overview      

                   8.1.2 Product Analysis     

                   8.1.3 Financial analysis    

                   8.1.4 Recent Developments        

                   8.1.5 SWOT analysis        

                   8.1.6 Analyst View 

          8.2 General Mills Inc.                 

          8.3 Cargill             

          8.4 Royal DSM N.V.          

          8.5 Groupe Danone S.A.             

          8.6 BASF SE           

          8.7 Archer Daniels Midland Company             

          8.8 Evonik             

          8.9 Kyowa             

          8.10 Arla Foods.              

9. Competitive Landscape                    

          9.1 Market share analysis           

          9.2 Merger and Acquisition Analysis               

          9.3 Agreements, collaborations and Joint Ventures             

          9.4 New Product Launches         

10. Market Outlook and Investment Opportunities                        

Appendix                        

          a) List of Tables               

          b) List of Figures              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

  1. Global Nutraceuticals Market By Region, From 2020-2025 ( USD Billion )
  2. Global Nutraceuticals Market By Application, From 2020-2025 ( USD Billion )
  3. Global Functional Foods Market By Region, From 2020-2025 ( USD Billion )
  4. Global Functional Beverages Market By Region, From 2020-2025 ( USD Billion )
  5. Global Dietary Supplements Market By Region, From 2020-2025 ( USD Billion )
  6. Global Personal Care Market By Region, From 2020-2025 ( USD Billion )
  7. Global Animal Nutrition Market By Region, From 2020-2025 ( USD Billion )

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