bigmarketresearch.com announces addition of new report “Global Nutraceutical Ingredients market (type, application, geography)” to its database.
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.
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.
Nutraceutical ingredients market analysis by Type
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.
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Nutraceutical ingredients market analysis by Application
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.
Nutraceutical ingredients market analysis by geography
Geographically, Nutraceutical ingredient market is segmented into North America, Europe, Asia Pacific, and LAMEA. Asia pacific forms the dominant market with highest growth rate and share. This is due to growing population and urbanization in various developing nations of the regions. India, China, Brazil, and Russia are the potential nations of the region.
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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