The global health ingredients market size is predicted to be worth around US$ 135.4 billion by 2030 and anticipated to register a CAGR of 6.7% during forecast period 2021 to 2030.
Health Ingredients are being utilized on a huge scale in the nourishment and refreshments industry. Rising health awareness and increasing incidence of different ailments are among the important aspects driving the demand for food and beverages with health ingredients, particularly those ingredients acquired from plants. Health-improving ingredients are likewise being utilized by food manufacturersto produce products that battle lifestyle illnesses. Be that as it may, increasing instances of food allergiesworldwide is additionally hampering the sale of some of the health ingredients.
Among the various health ingredients, protein is likely to witness substantial demand all through the assessment period. According to the report, eating protein-rich meals offers different health advantages and even contributes in checking the glucose level. With the expanding demand, food manufacturers are launching new items containing significant amounts of proteins that are easy to digest.
Changing dietary patterns and expanding utilization of food items offering health advantages are driving the demand for healthy ingredients. Growing numbers of individuals are experiencing protein and vitamin insufficiencies. Thus, the demand regardingfood and drinks abundant in minerals, proteins, and other nutrientsis expected to surge ahead in coming years. The functional food sector has additionally encountered the most rapid development as of late. Functional food and drinks that are strengthened with nutrients and minerals are additionally picking up pace around the world. Relentless researchcarried out to launch new health ingredients from fruits and plants and other natural sources bodes well for the market.
Health Ingredients to find the largest Application in Food
Changing eating habits and increasing consumption of food products offering health benefits is driving the application of healthy ingredients in food products. Increasing number of people are suffering from vitamin, and protein deficiencies. Hence, the demand for food and beverages rich in vitamin, protein and minerals is also rising across the globe. The functional food industry has also experienced the fastest growth in recent years. Functional foods and beverages that are fortified with vitamins and minerals are also gaining a lot of traction worldwide. The fortification of various food products including dairy products, cereals, and bread have gain popularity. However, research is being done to introduce new health ingredients from plants and fruits and other natural sources.
Asia Pacific to Lead
In 2020, Europe held the most noteworthy share in the global health ingredients market while Asia-Pacific is anticipated to develop at the most noteworthy CAGR in future through 2030. The emergence of thefood and beverages sector offers the Europe health ingredients market an unmistakable buyer base and development prospects.
The AsiaPacific market is driven by rapid pace of economic developments combined with rising demandsfor healthy food and drinks products. Change in consumer taste, increasing economic burden of chronic ailments, and expanding healthcare expenses are relied upon to add to the development of the health ingredients market in forthcoming years.
Increased Concern for Health to Boost Health Ingredients Market
Consumers around the world are continuously searching for food and beverage items with proven nutritional benefits. In addition, they take on a more holistic view of nutrition, wellness, and fitness, which is likely to foster growth of the global health ingredients market in the near future. Various ingredients, such as probiotics, omega-6, omega-3, and vitamins have been on the list of consumers’ focus list, thanks to their enhanced health benefits. This factor is estimated to foster development of the global health ingredients market in the forthcoming years.
Health ingredients for healthy foods refer to food ingredients that find utilization in the development of relatively healthy food items and have one or more important benefits. Health ingredients in health foods have not been used prominently before. However, the demand for these ingredients is also growing with the rising demand for healthy food items. This increase in demand for health ingredients is projected to continue over the period of forecast. Thanks to the rising demand for veganism and plant-based ingredients, some of the most important types of health ingredients are plant-derived. Increased intake of nutraceutical health supplements is estimated to drive the demand for health ingredients in the near future.
High Prevalence of Obesity to Pave Way for Rapid Growth of the Market
Health ingredients come with several nutraceutical benefits for the consumers. Some of the ingredients, such as fibers play the role of filler in food items. The use of these ingredients in healthy foods items helps to attract the attention of consumers. In addition, it also assists the producers to minimize the cost of making. Obesity is regarded as one of the health problems in the world. This condition has resulted in a rise in demand for food items that are rich in fiber and other nutrition. The global health ingredients market is likely to observe substantial growth in Latin America and North America.
The global health ingredients market is led by players includingKerry Group (Ireland), Koninklijke DSM N.V. (Netherlands), and Archer Daniels Midland Company (U.S.)., and E. I. du Pont de Nemours and Company (Wilmington, U.S.). These players are investing into several strategies such as in improving product portfolios, mergers and acquisitions, and research activities.
The global health ingredients market has been segmented based on:
This report focuses on health ingredients market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall health ingredients market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global health ingredients market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global health ingredients market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the health ingredients market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of health ingredients are as follows:
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global health ingredients market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
The research methodology adopted by analysts for compiling the global health ingredients market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global health ingredients market.
The study objectives of this report are:
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