The most popular category of components for nutraceuticals will continue to be nutrients, which include proteins, fibers, and different specific functional additions. As food and beverage manufacturers throughout the world roll out new high-value-added nutritious preparations, proteins will experience the fastest growth. The demand for functional additives and fiber nutrients will rise as a result of growing clinical proof of their health benefits and rising usage in specialized foods and beverages.
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The major players analyzed for global nutraceutical ingredients industry are Amway Corporation, AOR Inc., Archer Daniels Midland, Cargill Incorporated, Danone, EID Parry, General Mills, Herbalife International of America Inc., Innophos, Matsun Nutrition, Mead Johnson, Nestle SA, Natrol, Royal DSM, and Valensa International.
Key findings of the study
By type, the probiotics segment was the highest revenue contributor to the market, with $52,725.1 million in 2021, and is estimated to reach $102,175.2 million by 2031, with a CAGR of 7.0%.
By form, the dry segment was the highest revenue contributor to the market, with $92,372.4 million in 2021, and is estimated to reach $179,258.1 million by 2031, with a CAGR of 7.0%.
Depending on application, the functional food and beverage segment was the highest revenue contributor to the market, with $63,634.6 million in 2021, and is estimated to reach $127,635.3 million by 2031, with a CAGR of 7.4%.
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