According to the research report titled ‘Global Nutritional Ingredients Market - Analysis By Product, Application, By Region, By Country (2020 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global nutritional ingredients market size reached a valuation of USD 35561.87 million in 2019 and is expected to witness a notable hike during 2020-2025.
 

Growing demand for animal nutrition (feed ingredients) from farmers/large livestock producers due to increasing animal production and industrialization of farming, and surging demand for human nutrition (food ingredients) by customers and food manufacturers to prevent and treat various diseases are driving global nutritional ingredients market growth.
 

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Elaborating on the recent developments in this domain, the Covid-19 pandemic and the resultant economic crisis has affected the demand for animal-sourced foods, fruits, and vegetables, which are major sources of essential micronutrients in diets. This followed with disruption of the value chains that supply highly perishable foods, forcing people to shift to nutrient-poor diets. Further, decline in income and jobs has severely affected poor households due to COVID-19 mitigation measures.
 

Based on product segment, global nutritional ingredients market is categorized into polyunsaturated fatty acids, prebiotics, probiotics, vitamins, proteins & amino acids, minerals, sterols & stanols, carotenoids, and others. Among these, polyunsaturated fatty acids segment accounts for significant industry share. The demand for these can be ascribed to benefits like ensuring proper functioning of metabolic processes, improved cardiovascular health, vision, brain functioning, inflammatory responses, and immune, along with prevention of various illnesses.
 

Speaking of the application spectrum, global nutritional ingredients market is classified into medical nutrition, infant & maternal nutrition, dietary supplements, and food & beverages. Of these, medical nutrition segment is expected contribute significantly to the overall market remuneration in the coming years. Medical nutrition are a group of medical food products consumed under supervision of health practitioners for a condition or disease or nutritional management.
 

Considering the regional outlook, worldwide nutritional ingredients industry size is fragmented into North America (United States, Canada), Europe (France, Germany, United Kingdom, Italy), and Asia Pacific (India, Australia, China, Japan).  
 

Industry experts cite that Asia Pacific currently accounts for majority of the industry share and will continue to follow similar growth trends during the forecast period. Developing consciousness regarding health and wellness among the urban population, along with rising income levels are fostering the regional market growth.
 

Major players influencing global nutritional ingredients industry dynamics are PurpeCircle, Darling Ingredients, Evonik Industries AG, Cargill, Inc., Ingredion, Inc., ADM Co., DuPont de Nemours, Inc., Kerry Group plc, BASF SE, and Koninklijke DSM N.V.