New report on Nutraceutical Ingredients are chemical, natural bioactive compounds that possess disease preventing, health promoting and medicinal properties. These are primarily used in functional foods and dietary supplements. Nutraceutical ingredient market is rising with increased health awareness in people and growing health concerns, increasing demand for healthy food, personal care products and safe animal nutrition products. Health benefits of nutraceuticals and their application in food, beverages, dietary supplements, pediatric and adult nutrition preparation supports the use of nutraceutical ingredients. Consumers have shifted their focus from mere hunger satisfaction to meeting nutritional needs.
Increasing aging population and rising incidence of chronic diseases and changing lifestyle are the major factors that drive the global nutraceutical ingredients market. However, high price of these products remains a major restraint.
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Nutraceutical ingredients type market is segmented into Prebiotics, Probiotics, amino acids, Peptides& Proteins, Omega 3 & structured lipids, Phytochemical & Plant extracts, Minerals, Vitamins, Fibers & specialty carbohydrates, carotenoids & Antioxidants and Others. Fibers and specialty carbohydrates are most widely used ingredients.
Nutraceutical ingredient application market is segmented into Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition and Personal Care. The application segment is dominated by dietary supplements.DuPont, Royal DSM, Cargill, BASF, ADM, Lonza, Tate and Lyle, National starch food are the major players. Strategic analysis of the company reveals that companies are adopting product launch, merger & acquisitions and research & development as major strategies for future growth. Merger and acquisitions is the important strategy followed by the major players in the Nutraceutical ingredients market. BASF acquired Equateq Ltd., manufacturer of Omega-3 products, to extend its portfolio of Omega-3 fatty acids.
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