Global Nutritional Ingredients Market is Segmented By Source (Animal, Plant, Synthetic, Microbial), By Type (Vitamins, Proteins & Amino Acids, Probiotics, Minerals, Enzymes, Polyunsaturated Fatty Acids, Sterols & Stanols, Prebiotics, Carotenoids, Others), By Application (Food & Beverages, Dietary Supplements, Maternal & Infant Nutrition, Animal Feed, Personal Care), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Nutritional Ingredients Market Size
The Global Nutritional Ingredients Market reached US$ 182.5 billion in 2022 and is expected to reach US$ 325.4 billion by 2031 and is expected to grow with a CAGR of 7.5% during the forecast period 2024-2031.
The primary driver for the nutritional ingredients market is the consumer market's rising demand for premium milk and meat will likely lead to the manufacture of high-quality feed products for livestock employing nutritious elements.
The nutritional ingredients are widely used to treat and prevent illness in both people and animals. Nutritional ingredients aid in the treatment and prevention of baby syndromes. The functioning of the brain, eyesight, metabolic process, inflammatory response, and prevention of illnesses are all significantly influenced by polyunsaturated fatty acids.
According to market analysis, nutrition is an issue that affects both the wealthy and the poor. Food fortification is one of the most exciting new ideas. This procedure increases the nutritional content of basic foods by incorporating micronutrients into them, which is anticipated to fuel the nutritional ingredients market growth during the forecast period 2024-2031.
Market Summary
| Metrics | Details |
| CAGR | 7.5% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Source, Type, Application, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Increasing Health Consciousness Among Consumers Drives the Growth of the Market
Acute hunger affects more than 193 million people worldwide, and global hunger is at an all-time high. People have become more vulnerable to a variety of deficits as a result of changes in lifestyle in the post-Covid age. Health awareness has also grown significantly throughout this time, and information is now easily accessible online.
According to market analysis, 62% of participants value their health more now than they did before the pandemic. People are actively looking for safe and affordable healthcare alternatives as a result, the demand for nutritional ingredients is increasing among consumers. Nutritional ingredients are able to provide the necessary nutritional values for a healthy lifestyle.
Increase in the Geriatric Population is Driving the Market Growth
The global population is aging, and with that comes an increased focus on health and wellness. Having a healthy diet is crucial in old age. It provides you with energy and can aid with weight management. Additionally, it might aid in the prevention of various conditions like osteoporosis, high blood pressure, heart disease, type 2 diabetes, and particular malignancies.
Older adults often require specific nutritional requirements to maintain their health and prevent age-related diseases. This has led to a higher demand for nutritional ingredients that cater to the needs of this demographic. The goal of nutrition is to provide your body with the nutrients it needs by eating a healthy, balanced diet. Our bodies require nutrients from food in order to function and flourish. They consist of water, vitamins, minerals, proteins, lipids, and carbohydrates.
Cost Barrier Hinders Accessibility of Nutritional Ingredients in Consumer Products
The market for nutritional ingredients is experiencing growth restraints due to the high cost associated with these ingredients. While consumers are increasingly seeking products with added nutritional value, the cost of incorporating premium quality nutritional ingredients into food and beverage products can be significant.
High costs associated with research and development of new nutritional ingredients can impede market growth. Developing and testing new ingredients for safety and efficacy requires substantial investment, which may deter companies from entering the market. These factors can result in higher retail prices for these products, limiting their accessibility to a broader consumer base.
Market Segment Analysis
The global nutritional ingredients market is segmented based on source, type, application, and region.
The Rise of Veganism and its Health Benefits for Body and Mind Driving the Growth of Plant-Based Segment
The global nutritional ingredients market has been segmented by source into animal, plant, synthetic, and microbial.
The world is moving towards veganism. In addition to being simpler to digest, plant-based diets can be extremely beneficial for our health. They are well known for having a much lower fat and calorie content, which helps to reduce inflammation. Due to their increased bioavailability of vitamins, improved blood flow, and capacity to sustain a consistent release of glucose in the body due to the presence of complex carbohydrates, vegan diets are also associated with overall health and well-being.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
The North America Region Held the Largest Share in Nutritional Ingredients Market.
The North America nutritional ingredients market is a significant and growing sector within the food and beverage industry. The market is expected to experience steady growth over the next five years. Proteins and amino acids account for around 30% of the total market revenue in North America. Vitamins and minerals hold a substantial share as well, representing approximately 25% of the market.
In terms of application, the dietary supplements industry dominates the North American nutritional ingredients market, contributing to around 40% of the overall market revenue. Functional foods and beverages make up approximately 35% of the market. The United States is the largest market in North America, constituting around 70% of the regional market share. Canada follows, representing approximately 20% of the market.
Source: DataM Intelligence Analysis (2023)
Market Companies
The major global players in the market include Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, DuPont Nutrition & Biosciences, Ingredion Incorporated, Royal DSM N.V., Kerry Group plc, Chr. Hansen Holding A/S, Tate & Lyle PLC, and Lonza Group Ltd.
COVID-19 Impact Analysis
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
Covid-19 Impact:
The COVID-19 pandemic had a significant impact on the nutritional ingredients market. Supply chain disruptions caused temporary shortages, with an estimated 20% decrease in availability. Lockdown measures and reduced consumer spending led to an overall market contraction of approximately 15%. However, there was an increased demand for immune-boosting ingredients, with a surge of 30% in sales of vitamin C and zinc.
Online sales channels became vital, accounting for nearly 40% of nutritional ingredient sales. The trend towards clean labeling and natural ingredients intensified, with a 25% increase in consumer preference. The functional food segment experienced a 10% decline in sales. North America and Europe, the largest regional markets, faced declines of 12% and 18% respectively. Ongoing research and development focused on innovative solutions to meet evolving consumer needs.
By Source
- Animal
- Plant
- Synthetic
- Microbial
By Type
- Vitamins
- Proteins & Amino Acids
- Probiotics
- Minerals
- Enzymes
- Polyunsaturated Fatty Acids
- Sterols & Stanols
- Prebiotics
- Carotenoids
- Others
By Application
- Food & Beverages
- Dietary Supplements
- Maternal & Infant Nutrition
- Animal Feed
- Personal Care
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On April 27, 2023, Innovad, a leading provider of animal nutrition and health solutions, based in Belgium, announced that it will acquire all the shares of Herbonis, a Swiss-based company, and its affiliates, including Wyreside in the U.K.
- On May 31, 2022, DSM and Firmenich announced that they entered into a business combination agreement (the "BCA") to establish the leading creation and innovation partner in nutrition, beauty and well-being ("DSM-Firmenich"). The combination will bring together Firmenich's unique leading Perfumery and Taste businesses, its world-class science platforms and associated co-creation capabilities with DSM's outstanding Health and Nutrition portfolio and renowned scientific expertise.
- On February 1, 2021, IFF (NYSE: IFF) complete the previously announced merger of IFF and DuPont’s Nutrition & Biosciences (“N&B”) business, pursuant to a Reverse Morris Trust transaction. The combined company will continue to operate under the name IFF. Shares of the combined company’s common stock will trade on the New York Stock Exchange under the symbol “IFF".
Why Purchase the Report?
- To visualize the global nutritional ingredients market segmentation based on source, type, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of nutritional ingredients market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The global nutritional ingredients market report would provide approximately 61 tables, 63 figures and 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
