The global nutraceutical ingredients market is estimated to grow from USD 185.2 billion in 2022 to USD 261.7 billion by 2027. The compound annual growth rate is 7.2%. Nutraceutical ingredients are natural compounds that offer health benefits beyond basic nutrition. They can be found in food, supplements, and functional foods. Examples of nutraceutical ingredients include omega-3 fatty acids, probiotics, prebiotics, polyphenols, curcumin, coenzyme Q10, and vitamin D. These ingredients are increasingly popular as people look for natural alternatives to pharmaceuticals and strive to maintain optimal health through nutrition. However, it’s important to be cautious because not all nutraceuticals are thoroughly studied or regulated, and some may have unintended side effects or interact with medications. It’s always wise to consult a healthcare professional before taking any new supplement or making significant dietary changes.
The probiotics segment dominated the nutraceutical ingredients market in terms of value.
Probiotics are frequently consumed in the hopes of balancing their intestinal flora, also known as the gut microbiome. However, probiotics have additional benefits such as improving the health of the gut microbiome, restoring microbiome balance after illness or treatment, and supporting the immune system. Probiotics are popular among people due to their numerous benefits.
APAC is projected to account for the highest CAGR in the nutraceutical ingredients market during the forecast period.
Nutraceutical ingredients is projected to increase at a rapid rate in the APAC region due to a surge in demand and the presence of a large consumer base for food, beverages, dietary supplements, personal care products, and feed. This large consumer base being the reason for the highest market growth, as population in these regions increases.
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The key players in this Market include Associated British Foods Plc (UK), Arla Foods Ingredients Group P/S (Denmark), DSM (Netherland), Ingredion (US), Tate & Lyle (UK), Ajinomoto Co., Inc. (Japan), CHR Hansen Holdings A/S. (Denmark), Kyowa Hakko Bio Co., Ltd. (Japan), Glanbia Plc (Ireland), Fonterra Co. Operative Group Limited (New Zealand), Cargill Incorporated (US), ADM (US), International Flavors & Fragrances, Inc. (US), BASF SE (Germany) and Kerry Groups (Ireland). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments. These players in this Market are focusing on increasing their presence through agreements and collaborations. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.
The future of Nutraceuticals is multi-disciplinary science convergence. With the technological advancement, nutraceutical industries have leveraged a good deal of investment. The following is a list of some important technological advancements:
Artificial Intelligence
Nutraceutical businesses can use AI to select ingredients quickly by comparing millions of data points from nutritional studies. On the basis of the dietary and health information provided by the customer, it can also assist in recommending the most personalized nutrient formulations. Businesses can estimate demand for nutritious products as well as supply chain elements with the help of AI.
Robotic Process Automation (RPA)
RPA can be successfully implemented to boost productivity, lower costs, improve performance, and accelerate product marketing. RPA can produce insights on business practices, consumer behavior, and market trends, giving businesses the opportunity to carry out crucial tasks more effectively.
Edge computing and Internet of Things
Every touch point of the production line now has sensors built in to record a huge volume of data due to the Internet of Things’ (IoT) proliferation across the manufacturing spectrum. Thanks to edge computing, everything from smartwatches to heart rate monitors sits at the network’s edge and offers real-time data.
Gene Editing
With a vast global population affected by chronic diseases and disorders, gene editing techniques are being employed to develop medicines for disease treatment.
Microfluidics
Microfluidic technology is an emerging method for precise control of the delivery of nutraceuticals
3-D printing trends
3-D printing techniques in the nutraceutical industry have given rise to newer business ventures who utilize the technology to improve nutraceutical drug delivery. It enables the use of customizable ingredients to make products with food ingredients that are specifically customized for the consumer. A nutritional requirement associated with a restricted diet, can be met through the personalization of 3D food printing, perhaps avoiding complications and hospitalization. Diabetics frequently ingest sugar substitutes like maltitol and xylitol. As a result, a complex blend of these artificial sweeteners and functional polysaccharides was used to create a chocolate-based 3D-printed food product. The most recent technology also plays a special role in the delivery of personalized nutritional supplements. These personalized supplements claim to release vital nutrients on schedule to meet individual needs and daily routine.
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