The "Nutraceutical Ingredients Market" size was valued at $163.9 billion in 2021, and is estimated to reach $327.3 billion by 2031, growing at a CAGR of 7.3% from 2022 to 2031. The most popular category of components for nutraceuticals will continue to be nutrients, which include proteins, fibers, and different specific functional additions. As food and beverage manufacturers throughout the world roll out new high-value-added nutritious preparations, proteins will experience the fastest growth. The demand for functional additives and fiber nutrients will rise as a result of growing clinical proof of their health benefits and rising usage in specialized foods and beverages.
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Leading Key Companies:
- Amway Corporation
- AOR Inc.
- Archer Daniels Midland
- Cargill Incorporated
- Danone
- EID Parry
- General Mills
- Herbalife International of America Inc.
- Innophos
- Matsun Nutrition
- Mead Johnson
- Nestle SA
- Natrol
- Royal DSM
- Valensa International.
The region that dominated the global nutraceutical ingredients market in 2021 was North America, and this dominance is anticipated to continue throughout the forecast period. The Asia-Pacific region is expected to experience the fastest nutraceutical ingredients market growth during the forecast period. The Asia-Pacific region has experienced significant expansion over the past several years as a result of the participation of major pharmaceutical and food and beverage manufacturers. Thus, all these nutraceutical ingredients market trends are driving the market growth.
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