$1052 Billion Nutraceutical Ingredients Market to Reach $1361 Billion

Growth Projections for a Burgeoning Industry

Key Insights and Market Trends

The global nutraceutical ingredients market, valued at USD 1052 billion in 2024, is poised for substantial growth. By 2029, the market is projected to reach a staggering USD 1361 billion, representing a compound annual growth rate (CAGR) of 5.7%. This burgeoning industry showcases a confluence of factors driving its expansion, including:

* Increasing awareness about health and wellness * Rising consumer demand for natural and functional ingredients * Growing prevalence of chronic diseases * Technological advancements in nutraceutical production