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Health Ingredients Market Overview, Size, Share, Growth Drivers, Trends, Opportunities, Key Segments, Leading Players, and Revenue Fotecast - 2027

10-09-2024 08:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

MarketsandMarkets™

Health Ingredients Market by Type (Vitamins, Minerals, Probiotics starter culture, Prebiotics, Nutritional Lipids, Functional Carbohydrates, Plant and Fruit Extracts, Enzymes, Proteins), Application, Source, Function and Region - Global Forecast to 2027
The [https://www.marketsandmarkets.com/ResearchInsight/size-and-share-of-health-ingredients-market.asp?utm_source=paidpr&utm_medium=health-ingredients-market&utm_id=abnewswire.com] is expected to expand at a CAGR of 7.8% from 2022 to 2027, growing from $100.5 billion in 2022 to $146.3 billion by 2027. This growth is driven by trends in personalized nutrition and nutrigenomics within the food industry, enabling the production of need-specific products. These products serve functional purposes, including supporting the immune system, aiding digestion, promoting mental health, enhancing beauty, and improving cardiovascular health, among other benefits.

Image: https://www.marketsandmarkets.com/Images/health-ingredients-market1.jpg

[https://www.marketsandmarkets.com/ResearchInsight/emerging-trends-in-health-ingredients-market.asp?utm_source=paidpr&utm_medium=health-ingredients-market&utm_id=abnewswire.com]

Here are some key trends in the health ingredients market:

Rise of Plant-Based Ingredients: Increasing consumer demand for plant-based products is driving the popularity of health ingredients derived from plants, such as plant proteins, fibers, and extracts.

Functional Foods: There's a growing interest in foods that offer health benefits beyond basic nutrition, such as probiotics, prebiotics, [https://www.marketsandmarkets.com/Market-Reports/omega-3-omega-6-227.html?utm_source=paidpr&utm_medium=omega-3-market&utm_id=abnewswire.com], and antioxidants.

Personalized Nutrition: Tailored dietary solutions based on individual health needs and genetic profiles are gaining traction, leading to increased demand for specific health ingredients.

Clean Label Movement: Consumers are increasingly looking for transparency in ingredient sourcing and processing, prompting brands to use simpler, recognizable ingredients without artificial additives.

Sustainable Sourcing: Sustainability is a significant concern, with a preference for ethically sourced, organic, and non-GMO ingredients driving market dynamics.

Emerging Nutraceuticals: Ingredients like adaptogens, nootropics, and functional mushrooms are becoming popular for their perceived health benefits, including stress reduction and cognitive enhancement.

Health Ingredients Market Opportunities [https://www.prnewswire.com/news-releases/health-ingredients-market-worth-146-3-billion-by-2027--exclusive-report-by-marketsandmarkets-301749585.html]: Shift towards plant-based health ingredients

The plant protein ingredients market is experiencing significant growth as consumers increasingly move away from animal proteins in favor of plant-based alternatives. This trend is likely to propel interest in plant-based herbal supplements and botanicals, further boosting opportunities within the herbal supplements sector. Consumers' preference for plant extracts is driven by a demand for clean-label products, sustainability concerns, and a need to avoid allergens. The audience for herbal supplements is broadening from vegans to flexitarians, reflecting changing consumer preferences and creating new opportunities in the health ingredients market.

Plant-Based Foods: The Leading Source Projected to Dominate the Health Ingredients Market Share Throughout the Forecast Period.

Plant-based diets are gaining popularity due to several factors, including the rise of vegan culture, heightened health awareness, and growing concerns about animal welfare. These trends have spurred the growth of the plant-based food ingredient market. According to a 2021 report by the Good Food Institute, plant-based foods have outpaced total food sales in both dollar and unit growth over the past three years. Specifically, sales of plant-based foods surged by 54%, while total food sales only grew by 2%. Additionally, unit sales of plant-based foods rose by 6% during this period, in contrast to stagnant total food unit sales, highlighting the significant role of plant-based foods in driving retail growth within the health ingredients market.

Which application within the Food segment is projected to lead in health ingredients market share [https://www.marketsandmarkets.com/PressReleases/health-ingredients.asp?utm_source=paidpr&utm_medium=health-ingredients-market&utm_id=abnewswire.com]?

Health ingredients are additives incorporated into food products during manufacturing to enhance their nutritional value and support consumer well-being. These ingredients can be tailored to meet the specific nutritional needs of various consumers, especially those who exercise regularly and require different levels of proteins, carbohydrates, and vitamins. As demand rises for tasty, convenient, and healthy options, bakery product manufacturers are increasingly exploring diverse ingredients. For example, in the Asia Pacific region, George Western Foods (Australia), a subsidiary of Associated British Foods (UK), prominently uses omega-3 fatty acids in its bakery items under the Tip Top brand.

The APAC Region is Anticipated to Hold the Dominant Health Ingredients Market Share During the Forecast Period.

The Asia-Pacific region stands out as one of the largest markets for health ingredients globally, primarily due to rapid urbanization, which has led to widespread vitamin and mineral deficiencies among the population. This situation presents significant opportunities for major manufacturers of dietary supplements and functional foods and beverages to expand their presence and solidify their status as regional market leaders. The region has seen a rising incidence of chronic diseases, including diabetes, cardiovascular conditions, osteoporosis, and arthritis.

According to data from India in 2020, obesity rates surged by 20%, while cardiovascular diseases (CVDs) account for 40% of the nation's fatalities. Projections indicate that India could become the diabetes capital of the world by 2030, with an estimated 67 million individuals living with diabetes and another 30 million at pre-diabetic stages. These trends are expected to significantly boost the demand for health ingredient products in India. Key industry players, such as Amway, Dabur, Novartis, and Aventis Pharma, are committed to offering a diverse range of products to meet the growing consumer demand for dietary supplements.

Top Health Ingredients Companies [https://www.marketsandmarkets.com/ResearchInsight/health-ingredients-market.asp?utm_source=paidpr&utm_medium=health-ingredients-market&utm_id=abnewswire.com]:

The key players in this market include Archer Daniels Midland Company (ADM) (US), Associated British Foods PLC (UK), International Flavors & Fragrances Inc. (US), Kerry Group PLC (Ireland), DSM (Netherlands), BASF SE (Germany), Cargill Incorporated (US), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Lonza (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Glanbia PLC (Ireland), CHR Hansen Holdings A/S, (Denmark), and Probi (Sweden).

Associated British Foods PLC is a highly diversified group with a wide range of food and ingredient businesses and a flagship retail brand, Primark. The company has been in the food and ingredient business for eight decades and operates in 53 countries across Europe, South Africa, North America, South America, Asia, and Australia. It has five business segments: sugar, agriculture, retail, grocery, and ingredients. The company offers health ingredients through the ingredients segment.

The ingredients segment is further classified into two specialty ingredients businesses-AB Mauri (UK) and ABF Ingredients (UK).

1. ABF Ingredients manufactures specialty ingredients and value-added products for the food, nutrition, pharmaceutical, and feed industries. It comprises six groups of ingredients companies: AB Enzymes (Germany), ABITEC (US), Fytexia Group (France), Ohly (Germany), PGP International (US), and SPI Pharma (US).

2. AB Mauri is a yeast and bakery ingredients business with significant market positions in the Americas, Europe, and Asia. It supplies bakery ingredients, bread improvers, dough conditioners, and bakery mixes to industries across the globe. It has over 52 plants, operations in 32 countries, and sales in over 100 countries

International Flavors & Fragrances Inc. is an industry leader in food, beverage, health, biosciences, and sensorial solutions. The company has four business segments: Nourish, Health & Bioscience, Scent, and Pharma Solutions. IFF Health & Bioscience was formerly DuPont Nutrition & Bioscience, which the company merged in 2021. It offers health ingredients through its health & bioscience business segment. The company has over 110 manufacturing facilities, 100 R&D centers, and customers worldwide, covering Asia, Europe, Africa, and the Americas.

Key Questions Addressed by the Health Ingredients Market Report [https://www.marketsandmarkets.com/Market-Reports/health-ingredients-market-69194289.html?utm_source=paidpr&utm_medium=health-ingredients-market&utm_id=abnewswire.com]:

What are health ingredients?

What are the key trends driving the health ingredients market?

Who are the major players in the health ingredients market?

How are health ingredients regulated?

What are the health benefits of using health ingredients?

Which segments are prominent in the health ingredients market?

What is the future outlook for the health ingredients market?

How does the health ingredients market vary by region?

Schedule a call with our Analysts to discuss your business needs: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=69194289 [https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=69194289&utm_source=paidpr&utm_medium=health-ingredients-market&utm_id=abnewswire.com]

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