Economic Impact Analysis of COVID19 on Global Nutraceutical Ingredients Market Report

Economic Impact Analysis of COVID-19 Pandemic on Global Nutraceutical Ingredients Market Report - Global Market Share, Trend, Economic Indicator Analysis & Forecast , 2019 - 2028

Report Code : 10109 | Publish Date : Sep 2020 | Industry : Food_Beverage | Geography : Global

People have developed the habit of shifting from synthetic food ingredients to organic foods and ingredients, obtained from natural sources. In this regards, nutraceuticals food or its food products perform important role in controlling the diseases via fulfilling all the health benefits. Nutraceutical ingredients can assist in prevention or treatment of many diseases (mitigating of gastrointestinal (GI) tract problem), as it is manufactured from raw herbals and lots of rapidly growing industries are reported to synthesize these natural products. 

Rising occurrence of severe diseases is likely to accelerate the global nutraceutical ingredients market. Fundamental characteristics comprising deterrence from hardening of heart arteries and cholesterol, blood clotting & inflammation reduction will fuel the market. Rising concern about longer life span and latent application scope in animal nutrition and food & beverage industry is anticipated to push the product demand. Furthermore, a decline in the consumption of poultry, meat and seafood products across the globe is likely to boost the demand for nutraceutical ingredients market over the estimated timeframe.

COVID-19 Impact on Global Nutraceutical Ingredients Market

Global concerns regarding the COVID-19 pandemic have heavily impacted the food and beverage industry and the mentality of consumers, given the health risks. Moreover, factors such as consumer uncertainties, demand-supply volatility, trade and logistics, raw material supply and on the economic front, although prices of F&B products and agricultural produce have remained stable, a prolonged outbreak of COVID-19 will lead to economic instability and food inflation. While the short-term impacts are more evident, it is yet to be understood what impacts and what magnitude of impact the outbreak of COVID-19 will have on the supply chain in the long term. 

The exclusive COVID-19 Impact Analysis report by Axiom MRC explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the food & beverage sector. The report studies the effect of the pandemic on the global economy by evaluating factors like consumption, GDP, business investment, key players marketing strategies, key supply and demand-side factors and governmental policies & decisions.

Nutraceutical Ingredients Market Segmental Highlights

The global Nutraceutical Ingredients industry is analysed based on type, application and geography. Probiotics, proteins & amino acids, phytochemical & plant extracts, fibers & specialty carbohydrates, omega-3 fatty acids, vitamins, prebiotic, carotenoids, minerals are the Nutraceutical Ingredients covered in the report. These ingredients find applications in functional foods, functional beverages, dietary supplements, animal nutrition, personal care etc. The global Nutraceutical Ingredients market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific region is likely to dominate the market holding majority of the share and the highest growth rate projected in the forecast period. Consumer preferences for functional foods and beverages has been one of the decisive factors accelerating the growth of the market in this region.

Nutraceutical Ingredients Market Key Players

The key competitors of this market include Cargill, DuPont, Kerry Group, BASF SE, ADM, Associated British Foods PLC, DSM N.V., Ingredion Inc., Arla Foods, Tate & Lyle PLC, Ajinomoto Inc., Mead Johnson Nutrition Company, Kraft Heinz Company, PepsiCo., GlaxoSmithKline and among others.

Economic Impact Analysis of COVID-19 on Global Nutraceutical Ingredients Market Report Key Highlights:

  • To Estimate and Forecast Global Nutraceutical Ingredients Market Considering Economic Impact of COVID19 Pandemic 
  • To Study Economic Impact of CVOID 19 Pandemic on Global Nutraceutical Ingredients Market Value Chain 
  • Impact on Global Food & Beverage Industry
  • Economic Impact on Raw Material/ Components Suppliers (Supply Side Analysis)
  • Economic Impact on End users/ Consumer (Demand Side Analysis)
  • Economic Indicators Analysis by Countries and Impact on Nutraceutical Ingredients Market of respective Countries for GDP, Food & Beverage Expenditure, Out of Pocket Expenditure and Government Policies
  • Competitive Landscape including Key Strategies opted by Companies, Company Profiles etc. 

The repercussion of the COVID-19 necessitates a speculative future for economies and industries. Amongst continuous and constant developments, Axiom team of experts will bring to you timely updates about the Global Economic Impact of COVID-19.

Why to buy this report:

  • The report offers changing market dynamics in the Nutraceutical Ingredients market, presenting historical, current and projected market size in terms of value (USD Million)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Nutraceutical Ingredients
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the Nutraceutical Ingredients market performance considering the COVID-19 pandemic