Allied Market Research, a leading market research firm, has released a comprehensive report titled "Nutraceutical Ingredients Market by Type (Probiotics, Vitamins, Minerals, Proteins, Dietary Fibers, Others), by Form (Dry, Liquid), by Application (Dietary supplements, Functional Food and Beverage, Animal Nutrition, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031." According to the report, the global nutraceutical ingredients market is projected to reach an impressive $327.3 billion by 2031, reflecting a robust CAGR of 7.3% during the forecast period.

Key Findings:

1. Market Growth Drivers:

• Increasing consumer preference for natural and functional foods.
• Rising demand for probiotic dietary supplements.
• Growing awareness of preventive healthcare measures.

2. Market Challenges:

• High production costs of nutraceutical ingredients.

3. Growth Opportunities:

• Ongoing investments in research and development.

Segment Insights:

1. Functional Food & Beverage Segment Dominates:

• Held the highest market share in 2021, accounting for around two-fifths of the total share.
• Anticipated to maintain dominance through 2031 due to growing demand from fitness and sports enthusiasts.

2. Dietary Supplements Segment to Witness Fastest CAGR:

• Expected to achieve a CAGR of 7.8% by 2031, driven by the various health advantages offered by dietary supplements.

3. Probiotics and Proteins Leading by Type:

• Probiotics segment accounted for the largest market share, with proteins expected to register the fastest CAGR of 8.1% by 2031.

4. Asia-Pacific Emerges as Fastest-Growing Region:

• Predicted to achieve a CAGR of 8.1% during the analysis timeframe, driven by the expanding pharmaceutical and food and beverages industry.

Leading Market Players:

• AMWAY CORPORATION
• EID Parry India Ltd.
• Mead Johnson
• AOR International
• General Mills, Inc.
• Nestle S.A.
• Archer Daniels Midland Company
• Herbalife Ltd.
• Natrol Inc.
• Cargill Incorporated
• Innophos Holdings Inc.
• Royal DSM
• Danone
• Matsun Nutrition
• Valensa International