Active Nutraceutical Ingredients Market
Improper intake of nutrients value through food which are important for various processes in the body and that can be externally taken by various available active nutraceutical ingredients in the market, this in turn is expected to favor the growth in active nutraceutical ingredients market in the future
Meridian Market Consultants (MMC) has published a new report titled, “Active Nutraceutical Ingredients Market: Opportunity Analysis and Future Assessment 2020-2028”
Global active nutraceutical ingredients market, By Type (Probiotics, Proteins & Amino Acids, Phytochemical & Plant Extracts, Fibers & Specialty Carbohydrates, Omega-3 Fatty Acids, Vitamins, Prebiotic, Carotenoids, Minerals), By Application (Functional Foods, Functional Beverages, Dietary Supplements, Animal Nutrition, Personal Care, Others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global active nutraceutical ingredients market is accounted for more than US$ 32 Bn in the year 2019 and expected to grow at a significant CAGR of 8.1% during the forecast period and expected to reach the value of more than US$ XX Bn in 2028.
As per the report, in this day and age, people are more solicitous about their food intake owing to the surging count of chronic ailments among the population such as diabetes, cardiovascular diseases, or several kinds of cancer, which has paved their way to healthy food consumption habits.
Attributable to which, the active nutraceutical ingredients market is observing positive growth in the present times as these ingredients are those that integrate health as well as technological properties.
Nutraceutical ingredients are materials with clinically authenticated health advantages and thus they have extensive applications in foods, beverages, dietary additives, and nutritive establishments, thereby the global active nutraceutical ingredients market is expected to flourish further in the near future.
Nutraceutical ingredients are procured from sources such as plants, animals, microbes, and fabricated, which offer health advantages, accumulating the basic functional benefits and nutritional value to several different applications such as foods, drinks, nutritive ancillaries, animal diet, and personal care ingredients.
The widespread benefits of active nutraceuticals ingredients such as suspending the aging procedure, enhancing health, avoiding severe diseases, boosting life expectancy, or assisting the system or mechanism of the human body are also estimated to accelerate the growth of the global active nutraceutical ingredients market in the forthcoming future.
In addition to that, the global active nutraceutical ingredients market is projected to observe a significant growth in the upcoming years owing to the soaring demand for functional and fresh food and beverages together with the growing understanding of the population about healthy diet, leading their way to becoming health conscious.
Along with that, there are numerous active nutraceutical ingredients which are still uncharted, hence it provides wide scope for further research and development activities in the overall food and beverage industry, which is also playing a positive role in augmenting the growth of the global active nutraceutical ingredients market during the forecast period.
However, the huge cost of fortified food is likely to hold back the growth of the global active nutraceutical ingredients market as it may lead to lesser adoption of such ingredients which is projected to harm the growth of the global active nutraceutical ingredients market in the coming years.
MMC study identifies some of the key participating players in the active nutraceutical ingredients market globally are BASF SE, Associated British Foods PLC, DSM N.V., Ingredion, Arla Foods, Tate & Lyle PLC, Ajinomoto Inc., Cargill, Kerry Group, DuPont, PepsiCo., Archer Daniels Midland, among several others.
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