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Beyond Nutrition: Exploring the Potency of Nutraceutical Ingredients
The Nutraceutical Ingredients Market is steadily expanding, assisted by a rise in the market for functional foods and supplements as well as a greater emphasis on health consciousness. The ageing population, increased public awareness of chronic ailments, and developments in extraction technology are some of the causes propelling this growth. Thanks to the market potential of innovative ingredients and sustainable sourcing methods, a healthy future is now achievable.

The Nutraceutical Ingredients Market is expected to increase from US$ 53.61 billion in 2023 to US$ 118.99 billion by 2033. The probiotics nutraceutical product by type is projected to have the highest market share in terms of value in the nutraceutical ingredient market throughout the forecast period

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The demand for functional food components is increasing

Globally, vegetarian athletes use spirulina, a blue-green algae that thrives in freshwater conditions, as one of the most widely used supplements. The vegan fitness community is paying attention to it because of its superfood status and its anti-inflammatory properties.

With the emergence of nutraceutical enterprises, it is anticipated that the market for spirulina powder would expand over the coming years. Spirulina powder can be used to address malnutrition, food shortages, and other relevant concerns that lead to food crises in impoverished countries. Spirulina powder is being promoted by several government programmes as a result of these benefits.

Key Points from the Nutraceutical Ingredients Market

The market is expected to surpass US$ 118.99 billion by 2033.
An increase in the prevalence of chronic diseases.
Demand for nutraceutical items such as power gummies, which are chewable nutritional supplements with a variety of health advantages, is projected to be driven by innovation and new product development.
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Key Development in the Nutraceutical Ingredients Market

June 2022 – DSM announced the acquisition of Prodap, a firm that provides animal nutrition, services, and technology. This acquisition adds to DSM’s extensive animal feeding knowledge and services. Specifically, for the company’s existing Verax animal management system and Sustell intelligent sustainability services. The acquisition also broadens the company’s market presence in Brazil.
November 2020 – Ingredion signed a deal to purchase the remaining portion of Verdient Foods Inc. that it did not already own. With this acquisition, Ingredion be able to accelerate net sales growth, expand manufacturing capability, and co-create customers to meet rising consumer demand for plant-based protein.
Key players:

BASF SE
ADM
Ingredion
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Key Segments

by Product:

Probiotics
Prebiotics
Vitamins
Amino acids
Carotenoids
Phytochemicals & plant extracts
Protein
EPA/DHA
Minerals
fiber & carbohydrates