Global Nutraceutical Ingredients Market Size, Trends, Growth, Report 2028
Global nutraceutical ingredients market is projected to reach 49.05 billion by 2028, growing at a CAGR of over 7% in volume terms during 2023-2028. The major factors contributing in the growth of the market are growing demand for functional & fortified foods and increasing awareness about healthy diet. Moreover, rising use of nutraceutical ingredients in pharmaceutical medications owing to its properties such as prevention in chronic diseases, anti-aging, cancer etc. have further driven the market growth of nutraceutical ingredients. Based on application, the market has been categorised into Dietary Supplements, Functional Food, Functional Beverages, Animal Nutrition and Personal Care. In 2022, the dietary supplements segment dominated the market due to presence of ingredients like vitamins, minerals and many others. In 2022, Asia Pacific region accounted for the largest share of the nutraceutical ingredients market due to high consumption in countries like India and China. F...