Nutraceuticals & Pharmaceuticals

The Nutraceutical Market consists of a number of key segments including dietary supplements, functional foods, and cosmeceuticals (functional personal care products). The market continues to experience tremendous growth throughout a variety of key global markets.

The Pharmaceutical Market utilizes active ingredients for medicinal claims both in prescription drugs and over the counter medicines. Product applications in each market represent a variety of delivery systems for nutritional and health-based active ingredients.

Ingredient Technologies has a proven track record in the commercialization and market penetration of ingredients that are relevant for both the Nutraceutical and Pharmaceutical Markets.

One of the fastest growing industries in the world is the nutritional supplement group, broadly known as Vitamins, Minerals and Supplements, or VMS. Producing about $32 billion in revenue for just nutritional supplements alone in 2012, it is projected to double that by topping $60 billion in 2021 according to the Nutritional Business Journal.

The Cosmecetical market has grown over the past 5 years at an 11% clip – to a level of $5 Billion annually.  Companies in this industry manufacture cosmeceuticals, which are cosmetics with pharmaceutical capabilities. Some of the most popular products include wrinkle-reducing moisturizers and creams that even skin tone.

According to Euromonitor, the functional food and beverage market has reached the level of $176.7 Billion in global sales, representing 5% of the total food market worldwide. Consumer demand for nutritious food solutions and unique delivery systems for efficacious ingredients is driving the market.