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The global nutraceutical ingredients market is booming. According to a report by MarketsandMarkets, the market was valued at $100.0 billion in 2023 and is projected to grow to $136.1 billion by 2029, with a strong annual growth rate of 5.3%. This growth is driven by increasing consumer focus on preventive healthcare and the rising demand for dietary supplements and functional foods packed with nutraceutical ingredients.
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