The recently published report titled, “Active Nutraceutical Ingredients Market: Opportunity Analysis and Future Assessment 2022-2030” in the database of the Reports and Insights be of assistance to a paradigm solution for clearer and greater understanding of the market. It is beneficial in determining the size of the market for particular products. These leading players functioning in this market are in rigorous competition in terms of innovation, technology, product pricing and product development. Moreover, the market study helps in establishing sales prophecies for its products and therefore, creating symmetrical adjustment between demand and supply of its products.
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Active Nutraceutical Ingredients Introduction
The term “Nutraceuticals” can be referred to as the types of foods or drinks that, along with the accretion of definite active ingredients, can prove beneficial for health apart from the elementary nutritional values other foods usually offer. The health gains offered by the nutraceuticals could be physiological or psychological, further eliminating the risk of severe illnesses other than just providing basic nutritional purpose, promoting overall growth, and rejuvenating the performance of body and/or psyche.
Moreover, the active nutraceutical ingredients market consists of two primary segments—functional foods and dietary supplements. On the whole, functional foods depicts the bigger segment. Basically, functional foods comprises the products that are sold as processed foods and beverages such as soups, cereals, fortified juices, soy food, and orally administered pharmaceutical dosage forms. On the other side, dietary supplements comprises all products that a consumer can buy without a prescription.
Active Nutraceutical Ingredients Market Dynamics
The continuously growing health consciousness among the masses across the world, thereby rising demand of fortified foods is majorly projected to boost the growth of the global active nutraceutical ingredients market in the near future. As per the survey conducted by the International Food Information Council (IFIC), in 2019, although the majority of the population say they simply try to eat healthy in general, 23% of consumers say they actively seek out foods or follow a diet for additional health benefits.
In addition, there is a massively developing prevalence of various chronic diseases and disorders among the population, worldwide, including the deadly coronavirus which has hit millions globally, which in turn escalates the need for foods which helps in the overall growth and improvement in the well-being of an individual. Attributing to which, the global active nutraceutical ingredients market is projected to observe huge breakthroughs in the forthcoming future.
Moreover, in the present-day world, the community, especially the working population, are forced to adopt an unhealthy lifestyle due to their hectic schedule and desk-bound jobs, which further elevates the number of diseases among the society. Such factors also accelerate the demand of fortified foods in the global market, therefore propelling the growth of the global active nutraceutical ingredients market over the forecast period.
Furthermore, the initiatives taken by the governments and regulatory authorities, across the world, for increasing awareness regarding good health and benefits of fortified foods is also playing a positive role in augmenting the growth of the global active nutraceutical ingredients market in the given timeframe. Additionally, the convenience and easy accessibility of these products owing to the growing number of distribution channels worldwide, such as numerous retail stores as well as online stores is also playing a vital role in supporting the rising demand of active nutraceutical ingredients in the global market, therefore the global active nutraceutical ingredients market is estimated to witness substantial growth in the coming years.
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Active Nutraceutical Ingredients Market Segmentation
The global active nutraceutical ingredients market is segmented on the basis of ingredient type, application, and region. On the basis of the ingredient type, the active nutraceutical ingredients market is segmented into prebiotic, probiotic, proteins, vitamins, minerals, OMEGA 3 Structured Lipids, Phytochemicals & Plant Extracts, and Fibers and specialty Carbohydrates. The application active nutraceutical ingredients market segment is divided into functional foods, functional beverages, dietary supplements, animal nutritions, cosmetics, baby products, and others.
Active Nutraceutical Ingredients Market Key Players
The global active nutraceutical ingredients market is dominated by Cargill, Incorporated,E. I. Du Pont De Nemours and Company, BASF SE, Archer Daniels Midland Company, Associated British Foods PLC, and Ajinomoto Co., among others.
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