Nutraceutical Ingredients Market Size to Reach USD 277.46 Billion in 2028 | Increasing Need to Enhance the Nutritional Value of Products with…

Posted: March 26, 2022 at 6:42 am

VANCOUVER, BC, March 24, 2022 /PRNewswire/ -- The global nutraceutical ingredients market is expected to reach a market size of USD 277.46 Billion in 2028 and register a CAGR of 6.8% over the forecast period, according to latest analysis by Emergen Research. This growth can be attributed to the increasing need to enhance the nutritional value of products with high-quality food and supplement ingredients. Increasing awareness among consumers regarding nutritional enrichment is driving growth of nutraceutical ingredients market. Increasing demand for natural immunity-boosting products has resulted in the increasing demand for nutraceutical ingredients. Increasing demand for functional food owing to the health benefits provided by them has helped in the market growth.

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Increasing investments of nutraceutical manufacturers for the advancement of nutraceutical ingredients and products is expected to boost the market growth. Availability of raw materials in developing countries such as India is supporting the development of the market in those countries. Growing awareness programs regarding the benefits of nutraceutical ingredients by the government and private stakeholders are key factors supporting the growing demand for the products. Increasing consumer preferences toward naturally derived nutraceutical ingredients consisting of herbal and botanical extracts are expected to boost market growth.

Major companies in the nutraceutical ingredients market include

Associated British Foods plc, Arla Foods, DSM, Ingredion Incorporated, Tate & Lyle, Ajinomoto Co., Inc., Chr Hansen Holding A/S, Glanbia plc, Cargill, Inc. and Archer-Daniels-Midland Company.

Some Key Highlights in the Report

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Emergen Research has segmented global nutraceutical ingredients market on the basis of form, type, application, and region:

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend's existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Nutraceutical Ingredients Market Size to Reach USD 277.46 Billion in 2028 | Increasing Need to Enhance the Nutritional Value of Products with...

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