World News: 15:11 GMT Wednesday 15th May 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, May 15, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The nutraceutical ingredients market is projected to grow at a CAGR of 7.0% from 2019, to reach USD 227.5 billion by 2025, in terms of value.
Nutraceutical ingredients are derived from sources such as animal, plant, microbial, and synthetic, which provide health benefits, adding the basic nutritional value and functional benefits to various applications such as food, beverages, dietary supplements, animal nutrition, and personal care products.
The growth in the demand for fortified food products, owing to factors such as the rising awareness about better dietary choices, the rising aging population, and the growing number of chronic diseases, has, in turn, resulted in a large number of manufacturers investing in the production of end products, which contribute to the nutritive health of consumers.The growth of this market is attributed to the growing consumer demand for fortified food & beverages, the growing number of incidences of chronic diseases, and mandates on food fortification by government organizations due to inadequate levels of vitamins and minerals in the human body. The growth of the market is restricted due to higher costs of fortified products and different regulatory frameworks in different countries for nutraceutical ingredients. In this report, the nutraceutical ingredients market has been studied on the basis of type, application, form, and region.
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Related Topics: Nutraceuticals and Weight Loss
Globe Newswire: 15:11 GMT Wednesday 15th May 2019
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