Nutraceutical Ingredients Market

The nutraceutical ingredients market, which is currently valued at USD 105.15 billion in 2024 and is expected to grow at a CAGR of 5.3% to USD 136.13 billion by 2029, has seen transformative changes and innovations. As people become more and more health-conscious, they seek out products that can improve their overall well-being, leading to a surge in demand for fortified foods and beverages. According to a Global Alliance for Improved Nutrition (GAIN) article published in August 2022, food fortification is a "no regrets" investment. It also claims that food fortification is inexpensive, beneficial to large populations, and generates an average economic return of USD 27 for every dollar invested in improved health and productivity. This highlights the economic and health benefits resulting from the addition of nutraceutical ingredients to food products.

Moreover, along with growing chronic diseases and malnutrition in every part of the world, the need for nutraceuticals has increased. For instance, in India, malnutrition is still one of the major challenges nowadays. According to a Times of India article (2023), the stunted growth, which is an indicator of chronic malnutrition, still remains at 38.4 percent among children below the age of five. Deficiencies in micronutrients—iron, vitamin A, and iodine—are very common and could be a serious health threat.These factors underline the need for nutraceutical ingredients to help avoid nutrition deficiency and head toward better health conditions. With their growing application in animal feed for the development of health and productivity in livestock, demand for nutraceutical ingredients will continue to grow.

Top 10 Companies in Nutraceutical Ingredients Market

• Cargill, Incorporated (US)  
• ADM (US)  
• International Flavors & Fragrances Inc. (US)  
• BASF SE (Germany)  
• Arla Foods amba (Denmark)  
• Associated British Foods plc (UK)  
• dsm-firmenich (Switzerland)  
• Ingredion (US)  
• Tate & Lyle (UK)  
• Ajinomoto Co., Inc. (Japan)

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IFF (US)

International Flavors & Fragrances Inc. is a renowned global player leader in food, beverage, health, biosciences, and sensorial solutions. The company has four business segments: nourish, health & biosciences, scent, and pharma solutions. International Flavors & Fragrances Inc.’s Health & Biosciences was formerly DuPont Nutrition & Bioscience, which the company acquired in 2021. It offers nutraceutical ingredients through its health & biosciences business segment. 

The company has over 110 manufacturing facilities, 100 R&D centers, and customers worldwide, covering Asia, Europe, Africa, and the Americas. The company's major manufacturing facilities are in the US, the Netherlands, Spain, Germany, Indonesia, Türkiye, Brazil, Mexico, Slovenia, China, India, Ireland, Finland, Denmark, Belgium, and Singapore. Their principal basic research and development activities are located in Union Beach, New Jersey; Wilmington, Delaware; Palo Alto, California; Brabrand, Denmark; and Leiden, the Netherlands. The company has a diverse geographical presence in Asia Pacific, Europe, Middle East & Africa, Greater Asia, Latin America, and North America.

BASF SE (Germany)

BASF SE is a leading chemical company and is listed on stock exchanges in Frankfurt (Germany), London (UK), and Zurich (Switzerland). The company has 11 divisions grouped into six segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions. For financial reporting, it has organized its regional divisions into four: Europe, North America, Asia Pacific, and South America/Africa/Middle East.

The nutrition & care segment offers a comprehensive range of products across human nutrition, animal nutrition, pharma solutions, and aroma ingredients. BASF SE is one of the strongest suppliers of vitamins, antioxidants, and carotenoids for human nutrition, supplying all major pharmaceutical companies in the pharmaceutical, nutraceutical, beverage, and dietary supplement industries—with a broad range of nutraceutical ingredients ranging from conjugated linoleic acid, peptides, omega-3, algae-based docosahexaenoic acid, and a broad range of food performance ingredients. BASF SE operates through its six verbund sites and 241 additional production sites in more than 90 countries, such as BASF India (India) and BASF China (China). The company’s significant subsidiaries are Wintershall Holding GmbH (Germany), Cognis (Germany), Engelhard Corporation (US), and BASF Plant Science (US). 

In September 2023, BASF unveiled a significant advancement in sustainability within its ingredients portfolio with the introduction of Product Carbon Footprints (PCFs) for various key products. Specifically, these PCFs would be available for vitamins, carotenoids, beverage processing polymers, feed enzymes, and feed performance ingredients catering to human and animal nutrition markets. This initiative highlighted the company’s commitment to environmental responsibility by providing customers with essential data on the greenhouse gas emissions associated with its products throughout their life cycles. 

DSM-FIRMENICH (Denmark)

dsm-firmenich is a global science-based company operating in the health, nutrition, and materials business. The company segments its business into products, customized solutions, and expert services. The product range offered by the company includes active pharmaceutical ingredients, carotenoids, digestive enzymes, human milk oligosaccharides, hydrocolloids, nutraceuticals, nutritional lipids, probiotics and prebiotics, vitamins, and cannabinoid solution ingredients. It offers eubiotics and feed additives for animals and farming solutions.

In May 2023, DSM (Netherlands) and Firmenich International SA (Switzerland) merged to establish dsm-firmenich (Switzerland). The merger aims to establish dsm-firmenich as the foremost partner for creation and innovation in nutrition, beauty, and well-being.

Related Reports:

Nutraceutical Ingredients Market by Type (Proteins, Amino Acids, and Probiotics), Application (Food, Beverages, Animal Nutrition, Dietary Supplements, Food For Special Medical Purposes (FSMP)), Form, Function, & Region - Global Forecast to 2029

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