(Food-Beverage-News.Com, September 19, 2018 ) According to Verified Market Intelligence, the global nutraceutical ingredients market was valued at USD 29.87 billion in 2016 and is projected to reach USD 56.31 billion by 2025, growing at a CAGR of 7.3% from 2017 to 2025.
Nutraceutical is a term used for the food or fortified food which is derived from food sources that not only supplement the diet but also provides additional health benefits along with the basic nutritional value present in foods. Other terms used for nutraceuticals are medical foods, functional foods, and designer foods etc. They also aid in providing medical benefits and helps in treating or preventing diseases in ensuring improved health conditions.
Growth in life expectancy & health consciousness among consumers and increase in applications of nutraceutical ingredients has been driving the global nutraceutical ingredients market. On the other hand, the high costs involved in R & D activities might hinder the growth of the market at a global level.
Competitive Landscape:
The major players in the market are as follows:
Ajinomoto Inc. Cargill Archer Daniels Midland Company BASF SE Associated British Foods Ingreidon Koninjklike DSM NV Arla Foods Tate and Lyle PLC EI Du Pont De Nemours
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