Health Ingredients Market Size 2017 – 2022 by Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast
Health ingredients market is valued at $72.40 billion, and will reach $101.32 billion growing at a CAGR of 6.96% from 2017 to 2022 while Research Report covers top 12 Global Leaders with Competitive Strategies, Top Segments, Market Trends, Share, and Regional Outlook in near Future
Pune, India – August 4, 2017 /MarketersMedia/ —
Asia Pacific is projected to be the fastest-growing market for health ingredients. Increasing consumer awareness, consumer shifts towards healthy diet habits, and growing aging population coupled with government initiative of food fortification are the factors fueling the high growth of the Asia-Pacific region.
The health ingredients market is dominated by key players such as Archer Daniels Midland Company (U.S.), Associated British Foods (U.K.), E. I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (The Netherlands), BASF SE (Germany), and Kerry Group plc (Ireland).
The key players have been exploring the health ingredients market in new regions by adopting acquisitions, expansions, investments, new product launches, agreements, and joint ventures as their preferred strategies. Key players have been investing into intensive R&D activities and also adopting expansions and acquisitions as a mode to enhance their product offerings and capture a larger market share, thus increasing the demand for health ingredients.
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The health ingredients market has been segmented by type into vitamins, proteins, minerals, prebiotics, probiotic starter cultures, nutritional lipids, functional carbohydrates, enzymes, and plant & fruit extracts. Proteins have emerged as the most widely used health ingredients owing to their multi-functional properties and their vast applications in sport nutrition, dietary supplements, and weight management.
“Health ingredients market is projected to grow at a CAGR of 6.96% in terms of value.”
The health ingredients market is estimated to be valued at USD 72.40 billion in 2017, and is projected to reach USD 101.32 billion by 2022, at a CAGR of 6.96% from 2017 to 2022. Globally, the rising demand for food products with health-specific ingredients, rise in consumer preference towards a healthy diet, increasing aging population, and increasing application of health ingredients by various end user functional food manufacturing industries such as food & beverage, animal feed, pharmaceutical, and personal care are some of the factors driving the growth of the health ingredients market.
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Lack of awareness about health ingredients such as probiotics and prebiotics in developing economies and adherence to stringent international quality standards and regulations by various regulatory authorities are the factors limiting the growth of health ingredients market.
“Pharmaceuticals segment is projected to be the fastest-growing segment in the health ingredients market.”
Increasing health care costs and increasing number of non-communicable chronic disease are the major factors fuelling the market demand for health ingredients. Consumers are seeking for consumption of function-specific supplements such as gut health supplements, heart health supplements, and brain health supplements, which is fueling health ingredients’ demand from pharmaceutical applications. The pharmaceuticals segment is projected to grow at highest CAGR.
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“Microbial source segment is projected to be the fastest-growing segment in the health ingredients market”
Rising demand for microbial-based health ingredients such as prebiotics, probiotic starter cultures, and enzymes coupled with the increasing R & D investment in the field of microbial stain development are expected to drive the fastest growth of the microbial segment. The microbial segment is expected to grow at highest CAGR.
Research Coverage: The report analyses the health ingredients market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as parameter, product type, objective, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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