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“World Nutraceutical Ingredients to 2017” by Freedonia Group is now
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World demand to rise 7.2% annually
through 2017
Worldwide
demand for nutraceutical ingredients is forecast to rise 7.2 percent annually
to $30 billion in 2017, serving end product markets totaling $369 billion. The
best growth prospects will exist in substances with clinically supported health
benefits and broad appli cations in foods, beverages, dietary supplements, and
adult and pediatric nutritional preparations. Included in this group are soy
proteins; oat bran, psyllium, and soy fibers; Bifidobacterium and Lactobacillus
probiotics; omega fatty acids; cranberry and garlic extracts; calcium,
magnesium, and zinc minerals; and vitamins A and C.
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Brazil,
China, India among fastest growing market
Countries such as Brazil, China, India, Mexico and Turkey will be among
the fastest growing consumers and producers of nutraceutical ingredients
worldwide. Increasing economic prosperity will enable these countries to expand
and diversify their food and beverage, processing, and pharmaceutical
industries. In 2017 China, alone, will absorb more than 16 percent of the value
of global nutraceutical ingredient demand and will account for over 18 percent
of the value of related world shipments. Because of maturing markets, the
supply and demand of nutraceutical ingredients in the United States, Western
Europe, and other developed economies will increase more slowly than the
average worldwide pace. Nonetheless, food, beverage, and pharmaceutical
companies in these economies will continue to pursue opportunities
in conventional and specialty nutritional products and natural medicines. As a
result, they will remain key customers for nutraceutical ingredients.
Nutrients
to remain top-selling ingredients
Nutrients, including proteins, fibers, and various specialized
functional additives, will remain the top-selling group of nutraceutical
ingredients worldwide. Proteins will post the fastest demand gains as food and
beverage makers throughout the world introduce new high value-added nutritional
preparations. Functional additives and fiber nutrients will also fare well in
the global market – place. Demand for these ingredients will gain upward
momentum from increasing clinical evidence of health benefits and expanding
applications in specialty foods and beverages.
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Herbal
& other extracts to be fastest growing products
Naturally derived substances, consisting of herbal and botanical
extracts and animal- and marine-based derivatives, will command the fastest
growth among the three major groups of nutraceutical ingredients. Among these
substances, omega fatty acids derived from fish oils and other marine sources
will lead gains, reflecting clinically proven cardiovascular benefits and
expanding use in dietary supplements and nutritional therapies. The rising
popularity of homeopathic remedies, coupled with widespread trends promoting
preventive medicine and self- treatment, will impact favorably on global demand
for numerous other natural extracts and derivatives, including cranberry,
garlic, ginkgo biloba, ginseng; and glucosamine and chondroitin. Well
established applications in food and beverage fortification; infant, adult, and
pediatric nutritionals; and dietary supplements will continue to underlie a
large global market for mineral and vitamin ingredients. Within this group,
essential minerals such as calcium, along with vitamin A and vitamin C
substances, will post the fastest gains in world demand.
Company
Profiles
Profiles 34 global competitors such as Archer-Daniels-Midland,
BASF, Cargill, DuPont (via Solae) and Royal DSM
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