The global wild pollock market has foreseen a sluggish expansion at a CAGR of 1.2% over the past half-decade, however, is now poised to register a CAGR of 1.7% during 2020-2030. A myriad health advantages provided by wild pollock are increasing the market demand, but lockdowns are restraining delivery.
Algae are sustainable and vegetarian source of docosahexaenoic acid (DHA) and arachidonic acid (ARA).Algal DHA and ARA are gaining traction in the market owing to the various health benefits it offers. Consumption of DHA and ARA reduces aging and improves brain, gastrointestinal, and heart health.
Bio-tech flavor is an alternative process of obtaining an organic synthesis of flavors. The traditional process involves fermentation of the original source for extraction of flavors using special enzymes and micro-organisms. In addition, favorable governmental taxation policies are also expected to influence the popularity of bio-tech flavor over the forecast period.
The is projected to account for over US$ 80,700 million in 2019, according to a new study. Overall growth of the nutraceutical supplements market can be attributed to,
- Increasing adoption of nutraceutical supplements as pharmaceutical alternatives
- Increasing healthcare costs and rising consumer preference for simple and over-the-counter medicines
- Significant R&D investments in identifying the role of nutraceutical supplements in important health conditions such as obesity, cancer, cardiovascular diseases, diabetes and neurodegenerative diseases
According to the study, demand for prebiotics & probiotics dietary supplements is rising rapidly and projected to register over 10% y-o-y in 2019. Increasing awareness regarding the use of probiotics to maintain good health and to reduce the risk of multiple diseases has led to a significant demand for prebiotics and probiotics as dietary supplements.