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.

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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.

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