Nutraceutical markets projected for major growth to $191 billion within a decade

The market for nutraceutical ingredients, including for confectionery and snacks, has been forecast for notable growth across the next decade, growing from $95 billion this year to $191 billion by 2034, according to latest studies, writes Neill Barston.

Findings from research group, Towards FnB, have pinpointed a significant driver of growth has been in accelerated demand for functional, fortified foods, as consumers become more savvy to dietary requirements, which has been a sustained post pandemic trend.

As Confectionery Production has reported, this trend, which is across age categories, has also extended to the sweets, snacks and chocolate space, with manufacturers looking to place high protein, and natural ingredients and inclusions into everything from premium bars and gummies, through to specialist snacks with health and wellness claims.

The Topic of health and wellbeing will form part of our World Confectionery Conference on 11 September, with a keynote presentation from Sebastiano Collino, of Ferrero, who will be assessing how the company is responding to renewed market demands. You can register for this year’s conference at the following direct link to our dedicated website.

According to the latest study, the nutraceutical ingredients market involves manufacturing, formulating, and selling bioactive compounds and functional ingredient used in products and food options that are beyond basic nutrition. Such ingredients are useful in the manufacturing of functional food and beverages, dietary supplements,

As it noted, nutraceutical ingredients consist of essential vitamins, minerals, amino acids, probiotics, prebiotics, omega-3 fatty acids, and various other essential ingredients. The essential requirements are derived from natural or plant-based sources or are even produced synthetically.

According to the new study, Asia Pacific led the global market in 2024, commanding the largest share of 37%, thanks to its unique geography, cultural practices, and dietary habits.

Significantly, the research found that  North America is projected to experience significant growth from 2025 to 2034, driven by the rising prevalence of chronic illnesses.

By ingredient type, proteins and amino acids held the largest market share of 28% in 2024, as awareness of the importance of protein intake continues to increase among consumers.

In addition, the research asserted that dry and powder ingredients accounted for the largest market share of 72% in 2024, thanks to their convenience, stability, and versatility in various formulations.

Notably, the research also found that the probiotics segment is expected to grow at a strong pace from 2025 to 2034, as manufacturers respond to ever-evolving demand from consumers around the world. – The extended report can be seen at:  www.towardsfnb.com/insights/nutraceutical-ingredients-market