A Granular Analysis of the Nutraceutical Ingredients Market by Transparency Market Research
Albany, New York (PRWEB) August 30, 2014
The term nutraceuticals is coined from a combination of Nutrition and Pharameuticals. Nutraceuticals is a source of healthy-dietary supplements that are prepared by extracting healthy ingredients from natural food sources. Nutraceutical ingredients have certain curative effects that provide specific health benefits to the human body. Nutraceutical health products include factors such as herbal medicines, multivitamins, diet supplements, fortified foods and more. Although nature is the most bountiful source for health-enriching foods, it is practically not possible to get every nutrient source in its right amount. Hence, to ensure a healthy, highly nutritional, and a well-balanced lifestyle and meal diet, nutraceuticals caters you with a daily dosage of the necessary vitamins, minerals, and curative substances that increases the absorption of nutrients into our bodies.
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Growth Segment of the Nutraceutical Ingredients Market
In the recent years, the nutraceuticals ingredients market sector has witnessed a tremendous growth as more and more people are inclining towards a healthy lifestyle to supplement their daily diet with nutritive substances and realize the true value of preventive care with nutraceutical ingredients. This segment is also growing due to increasing awareness and educational activities regarding consuming the right kinds of food & beverages in striking a healthy and nutritional balanced diet and proper health.
On the other hand, nutraceutical manufacturers are also providing their customers with the best nutraceutical manufacturing experience in every way possible. They have facilitated growth amongst individuals and businesses of all sizes, shapes, and budgets to help bring out the best nutraceutical products such as quality capsules, liquid vitamins, efficient tablets and powders in the market. In this manner, they are taking into consideration every aspect in the convenience zone for worldwide consumer and providing them with healthy nutrients in the form of food & beverages instead of supplements.
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Nutraceutical products are specifically conceptualized and produced based on the benefits it provides in the form of common herbs, foods, or any other rare type of natural ingredients essential for the body. It regroups functional foods and food supplements in a complete heterogeneous form of food product. There are different types of nutraceutical ingredients available in the market. According to the nutraceutical studies these include probiotics, Prebiotics, omega 3 & structured lipids amino acids, phytochemicals & plant extracts, peptides & proteins, fibers & specialty carbohydrates, vitamins, proteins, carotenoids & antioxidants and more.
Nutraceutical Ingredients – Global Market Share, Size and Growth
The global nutraceutical ingredients market is expected to be worth USD 20.8 billion in 2012 and is further expected to reach USD 29.5 billion in 2017, growing at a CAGR of 7.3% for the forecast period 2012 – 2017. However, of all the segments within this industry, the body building segment is considered to be the largest segment at USD 9.5 billion in 2012.
Nevertheless, some of the major segments of nutraceutical ingredients market include weight control, body building, diabetes control, and pain relief. The year 2011 was marked as the most successful year for the body building segment to reach a pinnacle. This industry was then followed by the weight control market. In addition, the controlling diabetes segment was the third largest segment, accounting for 16.5% revenue share in 2011.
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The current market of nutraceutical ingredients presents abundant opportunities for the existing players, as well as for the new entrants to reckon on factors like raw materials and focus on contract manufacturing outsourcing (CMO) that will enhance the competition growth in the market and increase the market size of the nutraceutical ingredients to.
In the overall global market, especially in various developing economies, Asia Pacific region is expected to maintain its lead position in terms of revenue till 2017. Asia Pacific enjoys a total growth of 37.5% share of global nutraceutical ingredients market revenue which is followed by North America. Additionally, an increasing economic prosperity regarding this market is also witnessed in other developing countries such as China, India, Brazil, Mexico, Russia, South Africa, South Korea and Poland.
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