Nutraceutical Ingredients Market Set to Exceed USD 296.86 Billion by 2030

The newly published report titled "Global Nutraceutical Ingredients Market By (Devices (LED devices, IPL devices, ultrasound devices, laser-based devices, RF devices and others), Treatment (platelet-rich plasma tightening, radiofrequency, skin tightening, micro needling, therapy, chemical peel, and others), End-users (beauty clinics, dermatology clinics, and parlor & salons))- Trends, Industry Competition Analysis, Covid-19 Analysis, Revenue (US$ Billions) and Forecast Till 2030." of InsightAce Analytic Pvt. Ltd. features detailed industry analysis and an extensive study on the market, exploring its significant factors.

The global Nutraceutical Ingredients market is estimated to reach over USD 296.86 billion by 2030, exhibiting a CAGR of 6.17% during the forecast period.

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The term "nutraceutical" denotes food or fortified food generated from food sources that deliver additional health benefits beyond the essential nutritional content already in the food. Vitamins, minerals, prebiotics, plant extracts, probiotics, phytochemicals, fiber, specialized carbs, proteins, etc., are some of the substances found in nutraceuticals. The rising prevalence of chronic disorders like diabetes, cardiovascular diseases, and obesity among the expanding population is the main factor driving market revenue growth. Nutraceutical ingredients have been shown to promote cardiovascular and skin health, regulate diabetes, increase immunity, improve eye health, improve tumor growth, and improve bone health. These elements drive the rising demand for nutraceutical ingredients among dietary supplement producers.
Growing demand for nutraceutical substances from sources like plants, animals, synthetics, and microorganisms is fuelled by rising health and fitness awareness.