b fortune

b fortune

Nutraceutical Ingredients Market Growth Drivers, Industry Overview, Opportunities, Emerging Trends, Leading Players, Recent Development, and Forecast - 2029 12-18-2024 08:18 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire MarketsandMarkets� Nutraceutical Ingredients Market by Type (Proteins, Amino Acids, and Probiotics), Application (Food, Beverages, Animal Nutrition, Dietary Supplements, Food For Special Medical Purposes (FSMP)), Form, Function, & Region - Global Forecast to 2029 The [ https://www.prnewswire.com/news-releases/nutraceutical-ingredients-market-worth-136-1-billion-by-2029--exclusive-report-by-marketsandmarkets-302209617.html ] is poised for substantial growth, with an expected valuation of USD 136.1 billion by 2029, up from USD 105.2 billion in 2024, reflecting a compound annual growth rate (CAGR) of 5.3%. Factors driving this growth include changing dietary preferences due to urbanization and fast-paced lifestyles. According to an April 2024 report by the Food Institute, the "snackification" trend is gaining momentum, particularly in urban areas where longer commutes and heavier workloads make convenient, on-the-go food options more appealing. Approximately 67% of consumers now prefer smaller, more frequent meals, further fueling this shift toward convenience. Image: https://www.marketsandmarkets.com/Images/nutraceutical-ingredient-market60.jpg Artificial Intelligence (AI) is also transforming the nutraceutical ingredients market by accelerating the discovery and production of bioactive compounds, enhancing R&D efforts. For example, in April 2023, ADM (US) partnered with Brightseed (US) to leverage AI for decoding gut microbiome interactions, using Brightseed's AI platform, Forager, to develop advanced synbiotic products. This illustrates AI's role in advancing probiotics and prebiotics for precision health solutions. Nutraceutical Ingredients Market Opportunities [ https://www.marketsandmarketsblog.com/the-future-of-wellness-analyzing-the-nutraceutical-ingredients-industry.html]: Nutraceuticals as Alternatives to Pharmaceuticals The growing preference for natural, preventive healthcare solutions over synthetic drugs presents significant opportunities within the nutraceutical ingredients market. Vitamins, minerals, herbal extracts, and probiotics are widely regarded as safer alternatives with fewer side effects, enhancing their appeal. As chronic disease rates rise and the global population ages, there is increasing demand for health-promoting products, particularly for conditions such as cardiovascular diseases, diabetes, and gastrointestinal disorders. By 2030, the World Health Organization estimates that one in six people globally will be 60 or older, further driving the demand for nutraceuticals as alternatives to pharmaceuticals. Regulatory support from bodies like the FDA and EFSA has also played a crucial role in promoting nutraceutical products, particularly regarding health claims, which encourages companies to innovate and expand their product offerings. Additionally, technological advancements such as microencapsulation and nanotechnology have improved the bioavailability and effectiveness of nutraceutical ingredients, helping them compete with traditional pharmaceuticals. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1319 Proteins, by Type, Accounted for the Largest Share in the Nutraceutical Ingredients Market Proteins play a critical role in human health, supporting muscle-building, tissue repair, enzyme production, and immune function. As a result, they are extensively incorporated into food and beverage products, dietary supplements, and animal feed. According to a December 2021 article by Glanbia PLC, Ireland, soy and dairy proteins continue to lead in global fortification volumes due to their cost-effectiveness and nutritional completeness. The demand for plant-based proteins like pea and wheat is also rising, driven by the increasing preference for non-GMO and allergen-free options. Consumer trends emphasizing sustainability, ethics, and dietary diversity are driving the adoption of plant-based proteins in North America and Europe. These proteins have become key components in products like sports nutrition and infant formulas due to their quick absorption and muscle-building properties. Technological advancements in protein fortification further enable manufacturers to meet varying consumer needs, supporting the growth of functional foods and personalized nutrition solutions. Dry Form Ingredients Dominate and Show the Fastest Growth Dry forms of nutraceutical ingredients offer key advantages, including stability and extended shelf life, which are crucial for preserving the potency and efficacy of sensitive bioactive compounds like vitamins, minerals, and botanical extracts. Additionally, dry ingredients are easier to handle, store, and transport, reducing logistical complexities and costs. These properties make them particularly attractive for manufacturers seeking operational efficiency and waste reduction. Dry forms are widely used across various product formats such as capsules, tablets, and powdered beverages, catering to diverse consumer preferences for convenience and ease of use. For instance, powders and granules can be seamlessly incorporated into beverages, baked goods, and other food products, ensuring minimal disruption to texture or taste, which helps maintain consumer acceptance. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1319 Asia Pacific: The Fastest-Growing Region for Nutraceutical Ingredients The Asia Pacific region is experiencing rapid growth in the nutraceutical ingredients market, driven by increasing health consciousness and rising disposable incomes in countries like China, India, and Japan. Urbanization has led to changes in lifestyles, promoting preventive healthcare measures and boosting demand for functional foods and dietary supplements. According to the FAO, in the "Asia and the Pacific Regional Overview of Food Security and Nutrition 2023 - Statistics and Trends," rising food costs are exacerbating malnutrition, with 232.8 million people unable to afford a nutritious diet. The region continues to face severe food insecurity, particularly in Southern Asia, where over 809 million people experience moderate to severe food insecurity. This highlights the growing need for affordable, health-promoting nutraceutical solutions. Top Nutraceutical Ingredients Companies [ https://www.marketsandmarkets.com/ResearchInsight/nutraceutical-ingredient-market.asp]: The nutraceutical ingredients manufacturers in this market include Cargill, Incorporated (US), ADM (US), International Flavors & Fragrances Inc. (US), BASF SE (Germany), Arla Foods amba (Denmark), Associated British Foods plc (UK), dsm-firmenich (Switzerland), Ingredion (US), Tate & Lyle (UK), Ajinomoto Co., Inc. (Japan), and Chr. Hansen A/S (Denmark). Cargill, Incorporated (US) Cargill, Incorporated manufactures specialty food and feed ingredients, and other industrial products, for use in various applications. The company operates through four business segments: animal nutrition & protein, food ingredients & applications, origination & processing, and industrial & financial services. Under its food ingredients & applications and animal nutrition & protein businesses, it manufactures various nutraceutical ingredients. These ingredients, which include proteins, omega-3 fatty acids, fiber, and prebiotics, assist food and beverage manufacturers, feed manufacturers, food service companies, and other retailers. Cargill, Incorporated operates in around 70 countries and sells in almost 125 countries, across all the geographies such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. ADM (US) ADM caters to multiple business segments such as food & beverage ingredients, industrial ingredients, biofuels, feed & feed ingredients, and naturally derived alternatives to industrial chemicals. The company has four major operating segments such Ag services & oilseeds, carbohydrate solutions, nutrition, and others. Its nutrition segment manufactures, sells, and distributes a variety of nutraceutical ingredients-derived from natural sources. ADM has a strong geographic presence globally, with over 62 different innovation centers, 327 processing plants, 520 crop procurement facilities, and distribution in close to 200 other countries in Europe, Asia Pacific, Africa, South America, and North America. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1319 About MarketsandMarkets Trademark MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=nutraceutical-ingredients-market-growth-drivers-industry-overview-opportunities-emerging-trends-leading-players-recent-development-and-forecast-2029 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/nutraceutical-ingredient-market-1319.html This release was published on openPR.

The Latest: UnitedHealthcare shooting suspect contests his extradition back to New York

NEW YORK (AP) — Shohei Ohtani won his third Most Valuable Player Award and first in the National League, and Aaron Judge earned his second American League honor on Thursday. Ohtani was a unanimous MVP for the third time, receiving all 30 first-place votes and 420 points in voting by the Baseball Writers’ Association of America. New York Mets shortstop Francisco Lindor was second with 263 points and Arizona second baseman Ketel Marte third with 229. Judge was a unanimous pick for the first time. Kansas City shortstop Bobby Witt Jr. got all 30 second-place votes for 270 points, and Yankees outfielder Juan Soto was third with 21 third-place votes and 229 points. Judge had discussed the MVP award with Philadelphia’s Bryce Harper, the NL winner in 2015 and ’21. “I was telling him, `Man, I’m going to try to catch up to you with these MVPs here, man,’” Judge recalled. “He’d say, hopefully, he could stay a couple ahead of me, which I think he’ll do.” Ohtani was unanimously voted the AL MVP in 2021 and 2023 as a two-way star for the Los Angeles Angels and finished second to Judge in 2022 voting . He didn’t pitch in 2024 following elbow surgery and signed a record $700 million, 10-year contract with the Los Angeles Dodgers last December. He was the first player to twice become an unanimous MVP. He combined with Atlanta outfielder Ronald Acuña Jr. in 2023 for the first year both MVPs were unanimous. Ohtani hit .310, stole 59 bases and led the NL with 54 homers and 130 RBIs exclusively as a designated hitter, becoming the first player with 50 or more homers and 50 or more stolen bases in a season. He helped the Dodgers to the World Series title , playing the final three games with a torn labrum in his left shoulder . Ohtani became the first primary DH to win an MVP. He joined Frank Robinson for Cincinnati in 1961 and Baltimore in 1966 as the only players to win the MVP award in both leagues. Ohtani is the 12th player with three or more MVPs, joining Barry Bonds (seven) and Jimmie Foxx, Joe DiMaggio, Stan Musial, Roy Campanella, Yogi Berra, Mickey Mantle, Mike Schmidt, Alex Rodriguez, Albert Pujols and Mike Trout (three each). Balloting was conducted before the postseason. Judge led the major leagues with 58 homers, 144 RBIs and 133 walks while hitting .322. Witt topped the big leagues with a .332 average, hitting 32 homers with 31 stolen bases and 109 RBIs. Soto batted .288 with 41 homers and 109 RBIs. When Judge won his first MVP award in 2022, he received 28 first-place votes while Ohtani got the other two. When Judge won his first MVP award in 2022, he received 28 first-place votes while Ohtani got the other two. He is the Yankees' 22nd MVP winner, four more than any other team. Judge was hitting .207 with six homers and 18 RBIs through April, then batted .352 with 52 homers and 126 RBIs in 127 games. “March and April were not my friend this year.” Judge said. “Just keep putting in the work and things are going to change. You can’t mope. You can’t feel sorry for yourself. Especially in New York, nobody’s going to feel sorry for you. So you just got to go out there and put up the numbers?” Balloting was conducted before the postseason. ___ AP MLB: https://apnews.com/MLB Ronald Blum, The Associated Press

Once again, some Oklahoma state legislators are considering phasing out personal and corporate income taxes with the goal of eliminating the tax entirely by 2035. State Rep. Jay Steagall, R-Yukon, authored House Bill 1009, and if it passes, it will reduce the personal income tax rate by 0.004% annually over 10 years. Steagall filed an almost identical bill, H.B. 3058, during the 2024 session, but the bill never made it out of the Appropriations and Budget Committee. “Recent polls show Oklahomans overwhelmingly support the elimination of the state income tax, an effort for which I have filed legislation in the past two years and filing once again for the 60th Legislature,” Steagall said in a press release about the new bill. “The state income tax is a clear violation of our own state constitution and I will continue to pursue righting this wrong in the upcoming session.” Article 2, Section 2 of the Oklahoma Constitution is the part Steagall said the imposing of an income tax violates. Under this section, titled “Inherent rights,” the Constitution states: “All persons have the inherent right to life, liberty, the pursuit of happiness, and the enjoyment of the gains of their own industry.” In an interview with Fox23, Gov. Kevin Stitt said having a state income tax puts Oklahoma at a disadvantage. “Stitt believes states like Texas, Nevada and Florida are more attractive to employers looking to leave higher tax states to save money and operate with fewer regulations, and he believes Oklahoma is keeping itself at a disadvantage when trying to attract more companies,” states the article titled, “Exclusive: Gov. Stitt still pushing for state to eliminate income tax,” published Feb. 6. In September 2023, former State Sen. Dewayne Pemberton said former Gov. Mary Fallin’s efforts in eliminating the state income tax was not a good thing. “[Fallin] had convinced the Legislature at that time that she would find other sources, but she never did, so once those monies were taken out, the coffers were dry,” Pemberton said. “We had to raise taxes in 2017.” Incoming State Sen. Julie McIntosh, R-District 3, is in favor of removing the personal and corporate income tax. “It is a regressive form of taxation which punishes productivity, and personal productivity is necessary for the success of our society,” McIntosh said. “We have seen repeatedly that when we cut taxes productivity rises and so does revenue into government coffers.” McIntosh believes the job market and business sector will “blossom and companies will come to Oklahoma,” if the corporate tax is eliminated. “This raises wages through competition and job opportunities,” McIntosh said. “Our tax rate and budget could be significantly lower if we stop paying for the many programs that are not constitutionally required of our government.” She is in favor of people keeping as much of their money as possible, and believes citizens will spend more wisely than government, and the free market will expand and “buoy us all to greater prosperity.” When Tahlequah Daily Press asked what programs are unconstitutional, McIntosh did not respond. TDP asked how that money would be made up and whether elimination of the tax would require fees to be raised, such as with the turnpike fees, which were recently increased 15%. “The turnpike is its own entity funded by bonds and tolls and doesn’t receive tax dollars,” McIntosh said. State Sen. Avery Frix, R-District 9, said he is a strong advocate for reducing the state income tax and putting money back into Oklahomans’ pockets and local economies. “While the path to zero income tax is still being paved, we will continue fighting for a solution that both benefits taxpayers and secures our state’s financial future,” Frix said. Several elected officials were asked to comment on this week’s roundup question, but due to the Christmas holiday, McIntosh was the only one who was able to respond. On the Dec. 21 Facebook Forum, TDP readers were asked if they thought the elimination of income taxes was feasible without drastically cutting state services; how can the lack of funds from the tax cut be made up; and if fee hikes would be used. Eric Swanson said people like the idea of abolishing taxes, but fail to consider how programs would be affected once that funding is gone. “Lawmakers who support tax cuts should be honest with voters about the pros and cons,” Swanson said. “Unfortunately, many lawmakers focus on the advantages and downplay or ignore the pitfalls — until a budget shortfall occurs and they are forced to raise taxes to close the gap.” Former resident Jack Webb, who now lives in Washington, said there is no income tax in his state. “Much of the tax burden will be shifted to property taxes and service fees. There are no free lunches in America,” Webb said. “And before you say it exempts non-property owners from the tax burden, it doesn’t; it’s simply passed on to them in the form of higher rent. Developers aren’t going to eat that tax burden no more than retailers will eat the tariffs.” Webb said it will probably be a good incentive to start new businesses and expand existing ones. Lee Guthrie writes for the Tahlequah Daily Press.

Capehart: 'Troubling' Voters Ignored Mass Deportations, Charges Where They Didn't Have All the Evidence Due to InflationKansas once required voters to prove citizenship. That didn't work out so well