According to the research report titled ‘Global Nutritional Ingredients Market 2022-2028’, available with MarketStudyReport, global nutritional ingredients market is anticipated to progress with a CAGR of 4.8% during 2022-2028 to amass USD 50 billion by the end of forecast period.
As per the report, global nutritional ingredients market expansion is attributed to rising demand for nutritional supplements among health-conscious consumers, as well as widespread product application in animal feed sector.
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For the unversed, additives containing nutrients and minerals are known as nutritional ingredients. They are used in food for humans and animals to treat and prevent diseases. These nutrients are essential for improving & maintaining eyesight, brain function, inflammatory response, and metabolism.
Furthermore, supporting government actions towards the promotion of nutritional ingredients across the targeted areas are expected to bolster industry outlook in the coming years.
Notably, the COVID-19 outbreak has adversely affected the product demand in the recent past, because of lack of labor and low production, which in turn has stifled the marketplace.
The literature also throws light on the upcoming challenges along with the measures to overcome them. Additionally, a thorough understanding of the market segments is provided with their respective contribution to the worldwide nutritional ingredients industry development.
The business sphere is also studied from the perspective of application spectrum. Speaking of which, the application ambit is branched into pet nutrition ingredients, animal feed additives, personal care & cosmetics, dietary supplements, and food & beverages. Among these, food & beverages segment accounted for a major revenue share in the recent past.
Coming towards competitive landscape, Roquette Freres S.A., Nutreco N.V., Koninklijke DSM N.V., Givaudan S.A., DuPont de Nemours, Inc., Croda International plc, Clariant AG, Cargill, Inc., BASF SE, and Archer-Daniels-Midland Company are the leading players influencing worldwide nutritional ingredients market dynamics.
These players are spending on research & development to introduce nutritionally dense food products meeting consumer demand, which will augment the market value in the coming years. Moreover, the study also includes inferences from Porter’s Five Forces analysis to assist both existing players and newcomers in making profitable strategies.
Question and Answer: Global Nutritional Ingredients Market
Q1. What are the major growth stimulants for global nutritional ingredients market?
Answer: Global nutritional ingredients market expansion is attributed to rising demand for nutritional supplements among health-conscious consumers, as well as widespread product application in animal feed sector, and supportive government actions towards the promotion of nutritional ingredients across the targeted areas.
Q2. What is the application range of worldwide nutritional ingredients market report?
Answer: Pet nutrition ingredients, animal feed additives, personal care & cosmetics, dietary supplements, and food & beverages are the various applications of worldwide nutritional ingredients market.
Q3. Which are the major players in global nutritional ingredients market?
Answer: Roquette Freres S.A., Nutreco N.V., Koninklijke DSM N.V., Givaudan S.A., DuPont de Nemours, Inc., Croda International plc, Clariant AG, Cargill, Inc., BASF SE, and Archer-Daniels-Midland Company are the leading players in worldwide nutritional ingredients market.
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