Global Health Ingredients Market Report 2024, Forecast To 2033
8 Mar, 2024
The health ingredients market has experienced strong growth, expanding from $105.6 billion in 2023 to $114.35 billion in 2024, with a compound annual growth rate (CAGR) of 8.3%. This growth is attributed to factors such as increased consumer health awareness and the rising demand for functional foods. Looking ahead, the market is expected to continue its growth trajectory, reaching $157.25 billion by 2028, with a CAGR of 8.3%. Factors such as the aging population and evolving consumer lifestyles are anticipated to drive this growth. Additionally, trends like the rise in beauty-boosting ingredients and the exploration of sustainable sources are expected to shape the market, alongside advancements in nutritional science aimed at meeting evolving consumer preferences and health needs.
Global Health Ingredients Market Key Driver
The health ingredient market is set to expand due to the growing number of heart diseases and obesity-related problems. With obesity projected to affect 892 million people globally by 2025, and heart disease claiming about 697,000 lives annually in the United States alone, the demand for health ingredients is evident. These ingredients, such as omega-3 fatty acids, play a crucial role in preventing and managing cardiovascular diseases. Therefore, the increasing prevalence of heart diseases and obesity-related issues drives the growth of the health ingredient market.
Get A Free Sample Of The Global Health Ingredients Market ReportGlobal Health Ingredients Market Segments
The health ingredients market covered in this report is segmented –
1) Type:Vitamins, Minerals, Probiotic Starter Cultures, Prebiotics, Plant And Fruit Extracts, Enzymes, Nutritional Lipids, Functional Carbohydrates, Proteins
2) Source:Plant-Based, Animal-Based, Microbial-Based., Other Sources
3) Function:Weight Management, Immunity Enhancement, Gut Health Management, Joint Health Management, Heart Or Cardiovascular Health Management, Eye Health Management, Brain Health Management, Other Functions
4) Distribution Channel:Supermarket, Retail Store, Online Sales
5) Application:Food And Beverages, Pharmaceuticals, Animal Feed, Personal Care
By Geography: The countries covered in the health ingredients market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the health Ingredients market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the health ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Health Ingredients Industry Players
Cargill Incorporated; Archer Daniels Midland Co.; BASF SE; Evonik Industries AG; Associated British Foods plc; Fonterra Co-operative Group Limited; DuPont de Nemours Inc.; International Flavors & Fragrances Inc.; Kerry Group plc; Koninklijke DSM NV; Ingredion Inc.; Ingredion Incorporated; Lonza Group AG; Roquette Freres SA; Glanbia plc; Tate & Lyle PLC; Corbion N.V; FrieslandCampina Ingredients; Arla Foods Ingredients Group; AB Biotek; Aenova Holding GmbH; OmniActive Health Technologies; Athletic Greens; The Parabel Inc.; Healthy Food Ingredients LLC; Nutracap Labs LLC; Biotron Laboratories Inc.; BioThrive Sciences LLC
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Health Ingredients Market Overview
Health ingredients refer to ingredients with a specific and recognized health benefit supported by a regulated health claim. These ingredients have the potential to influence health beyond their fundamental nutritional value used in the production of functional food products.