New York – April 14, 2017 – Axiom Market Research & Consulting recently published a global study on nutraceutical ingredients market. Key companies which lead the nutraceutical ingredients market are Cargill, Inc, Du Pont, BASF SE, ADM Company, Associated British Foods PLC, DSM N.V., Ingredion Incorporated, Arla Foods, Tate & Lyle PLC and Ajinomoto Inc.
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The growth factors driving the nutraceutical ingredients market are, increasing chronic diseases, increase in life expectancy & health awareness among consumers, growing disposable income etc. Various key research findings are included in the report such as, efficient and safe ingredients products have kept strong hold on the market share, there is strong influence of end users on the nutraceutical ingredients producers, phytochemcials and plant extracts are gaining popularity among other ingredients, to beat herbal ingredients the companies are expected to introduce super premium and super convenient concentrated shots (doses) and personalize nutrition products.
Major nutraceutical ingredients studied in the report are, probiotics, prebiotics, vitamins, minerals, proteins, filaments, amino acids, peptides and sugars. Nutraceutical ingredients market can be segmented as Prebiotics, Probiotics, Omega-3 Fatty Acids, Amino Acids, Minerals, Vitamins, Phytochemicals and Plant Extract, Specialty Fibers and Carbohydrates, Carotenoids and Others(glucosamine, chondroitin etc.). Phytochemcails and Plant Extracts segment dominated the global market with the largest market share of 14% in 2016.
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Nutraceutical ingredients find major applications in Functional Food, Functional Beverages, Dietary Supplements, Animal Supplements and Personal Care Products. Dietary supplement application segment leads the global market with the largest market share of 39% in 2016, followed by Functional Food and Beverages.
Asia Pacific is the largest nutraceutical ingredients market and the high growth rate is fueled by increasing disposable income, growing health consciousness and ancient legacy of the use of herbal products. The global report includes market share of each segment of more than 20 countries. It also includes detailed analysis of market share, market drivers, restraints and industry competitive landscape.
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