Nutraceuticals Ingredients Market Research are defined as a part of food or a whole food that have medical or health benefits, including the prevention & treatment of various chronic diseases such as obesity, cancer, high-blood pressure, and diabetes. The nutraceutical ingredients market is estimated at USD 34.06 Billion in 2018 and is projected to reach USD 49.02 Billion by 2023, at a CAGR of 7.5%. In terms of volume, the market is projected to reach 3,027.1 tons by 2023.
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The Nutraceutical Ingredients Market basis of type, the fibers & specialty carbohydrates segment dominated the nutraceutical ingredients market in 2017, globally, followed by omega-3 fatty acids. The intake of fibers promotes gut health and avoids the risk of various gut-related diseases such as obesity and gastrointestinal disorders.
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The Nutraceutical Ingredients Market consumption of soluble fibers such as beta-glucans, pectins, mucilages, and gums results in the lowering of cholesterol, and enhancing the gut health of an individual.
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China and India are gaining pace along with their western counterparts such as the US and Mexico, and are expected to become major market contributors of dietary fiber & specialty carbohydrates.
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Key Nutraceutical Ingredients markets in Asia Pacific region include China, India, Japan, and Australia. These countries have vast areas under agriculture and production of high-fiber plants and oilseeds, which are primary raw materials for fiber & specialty carbohydrate ingredients.
In addition, manufacturing companies also provide cost advantage in terms of production and processing of nutraceutical ingredient products.
1 Attractive Market Opportunities in the Nutraceutical Ingredients Market
2 Nutraceutical Ingredients Market, By Key Country
3 Nutraceutical Ingredients Market, By Type, 2018–2023
4 Asia Pacific: Nutraceutical Ingredients Market, By Type & Country, 2017
5 Nutraceutical Ingredients Market Snapshot, By Form, 2018 vs 2023
6 Nutraceutical Ingredients Market Snapshot, By Health Benefit, 2018 vs 2023
7 Nutraceutical Ingredients Market, By Application & Region, 2017
Leading players in nutraceutical ingredients market are Cargill (US), BASF (Germany), ADM (US), Associated British Foods (UK), DSM (Netherlands), Dow DuPont (US), Ingredion (US), Arla Foods (Denmark), Tate &Lyle(UK), and Ajinomoto (Japan).
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The nutraceutical ingredients market is segmented on the basis of type, application, form, health benefit, and key region. The market, on the basis of type, is segmented into vitamins, minerals, prebiotics, probiotics, carotenoids, omega-3 fatty acids, fibers & specialty carbohydrates, phytochemical &plant extracts, and others (glucosamine, chondroitin, and polyols).
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