According to the current analysis of Reports and Data, the global Nutraceutical Ingredients for Vitamins Market was valued at USD 164.3 billion in 2019 and is expected to reach USD 266.9 billion by the year 2027, 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. The industry comprises two principal segments: functional foods and nutritional supplements.

The growth of the industry is attributed to the growing consumer demand for fortified food & beverages, the increasing number of incidences of chronic diseases, and mandates on food fortification by government organizations due to inadequate levels of vitamins and minerals in the human body.

Top Companies Operating in the Global Nutraceutical Ingredients for Vitamins Market Report:

Cargill (US), BASF (Germany), ADM (US), Omega Protein Corporation (US), DSM (Netherlands), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Ajinomoto (Japan), and DowDuPont (US)

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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
• The dry segment by the form is projected to dominate the market due to better stability and ease of handling & storage, as compared to the liquid form. Several nutraceutical ingredients that are used in the dry form are vitamins, amino acids, prebiotic & probioticpremixes, proteins, and minerals such as zinc and folic acid. These are either available in the form of capsules or compressed into tablets.
• 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.
• The rising popularity of homeopathic remedies, coupled with widespread trends promoting preventive medicine and self-treatment, will impact favorably on global demand for numerous other natural nutraceutical ingredients, including cranberry, garlic, ginkgo biloba and ginseng extracts; and glucosamine and chondroitin.
• The functional active products includes amino acids, vitamins & Mineral extracts, herbal extracts, fruit extracts, vegetable extracts, enzymes, slimming agents and joint health improving agents.
• Functional additives and fiber nutrients will also fare well in the global marketplace, with demand gaining upward momentum from increasing clinical evidence of health benefits and expanding applications in specialty foods and beverages.
• Naturally derived substances, consisting of herbal and botanical extracts and animal- and marine-based derivatives, will be the fastest growing ingredient segment
• Increasing economic prosperity will enable countries, such as the BRIC countries of Brazil, Russia, India and China, as well as Mexico, Poland and South Korea, to expand and diversify their food and beverage, processing, and pharmaceutical industries. Based on projected investment levels in these industries and rising consumer incomes, China will evolve into the largest global producer and consumer of nutraceutical ingredients by 2020, surpassing the United States and Western Europe.
• Other than traditional ingredients including vitamins, minerals, proteins, carotenoids, and fibers, formulators have started to include ingredients such as plant sterols, polyphenols, probiotics, and fatty acids in nutraceutical products.
• Nutrients, including proteins, fibers and various specialized functional additives, will remain the top-selling group of nutraceutical ingredients.
• In recent years, Singapore is known to be a focal point for research and development in the industry. Nutraceutical ingredient companies, including DuPont, Tate & Lyle, DSM, and Wacker, have increased their activities in the region is too supporting this fact. In 2017, BASF opened a new technical applications laboratory in Singapore for its nutrition and health business, called Nutrition Lab, to boost regional R&D capabilities.

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To assist readers in making profitable business decisions, the report is written with the help of industry analysts, market segmentation, and data collection. In addition to providing a comprehensive database of technological and product advances, the report provides detailed information on growth rates, market values, as well as niche market segments.

This report analyzes the Nutraceutical Ingredients for Vitamins Market in terms of growth rate, market share, current and emerging trends, production and consumption ratios, industrial chains, demand and supply, imports, exports, revenue contribution, and key player presences in key regions. As a part of the report, a country-by-country analysis of the Nutraceutical Ingredients for Vitamins Market is provided to gain a deeper understanding of its growth and progress.

The global Nutraceutical Ingredients for Vitamins Market is segmented into:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Type (Revenue in Billion USD; Volume in Kilotons 2016–2027)

• 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 2016–2027)

• 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 2016–2027)

• Dry
• Liquid

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market? What kind of strategic business plans have they made?

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