Food Supplement Ingredients Market 2020 | What Is The Estimated Market Size In The Upcoming Years? | Key Players- BASF SE, Nestle, Groupe Danone S.A., Koninklijke DSM N.V., Sunfood Nutraceuticals, Nutri-Force Nutrition, Amway, JW Nutritional, Capsugel, Na
Global food supplement ingredients market is projected to cross USD 2.2 billion by the year 2024. Increasing participation of adults in sports and leisure activities for muscle development and weight control is expected to boost the sales of food supplement ingredients in the coming years. Improved sports performance and recovery from exercise owing to presence of nutrients like folic and oxalic acid in these products is further enhancing the market share.
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Considering the geographical landscape, Europe food supplement ingredients market was worth USD 175 million in 2017 with Germany, UK and France accounting for a significant market share. Rising obesity rate among children is boosting the demand for food supplement ingredients in the region as they aid in weight management, hence preventing chronic diseases such as diabetes and high blood pressure.
Growing awareness regarding the health benefits of food supplements coupled with increasing prevalence of chronic diseases due to an unhealthy lifestyle is driving the growth of global food supplement ingredients market. These products offer various vitamins, omega-3, and amino acid, which aid in fulfilling the nutritional deficiencies caused by excessive intake of processed food, hence driving the product demand.
Based on the product type, vitamins segment is anticipated to see a growth of over 7% by the end of 2024. Vitamins play a vital role in proper DNA synthesis, neurological functions, and red blood cell formation. Owing to this factor, vitamin-based food supplement ingredients are used for reducing homocysteine levels which negate heart stroke, and for treatment of patients suffering from cardiovascular diseases.
Elaborating on the form, powder segment was worth USD 140 million in 2017 and is presumed to see modest gains during the study period. Increasing use of energy boosting powdered food supplements among athletes and sportspersons is expected to bolster the segment growth in the forthcoming years. Better texture, taste and quality as compared to conventional supplements are some underlying factors encouraging the product adoption.
Speaking of the end-use spectrum, pregnant women segment is slated to observe gains of 6.5% by the end of the forecast duration. Increasing incidences of child-birth defects due to rise in working women population and a fast-paced lifestyle is encouraging product usage among pregnant women. Prenatal supplements provide various essential nutrients such as calcium, iron, folic acid, and iodine which lower the risk of neural tube defects at birth and fulfill the dietary needs of pregnant women.
Key players in food supplement ingredients market include BASF SE, Nestle, Groupe Danone S.A., Koninklijke DSM N.V., Sunfood Nutraceuticals, Nutri-Force Nutrition, Amway, JW Nutritional, Capsugel, Naturex, Pfizer Consumer Healthcare, Galderma, Fine Foods N.T.M., and Boots.
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Questions & Answers: Global Food Supplement Ingredients Market
Q1: What are the major growth drivers of food supplement ingredients industry?
A: Growing awareness regarding the health benefits of food supplements coupled with increasing prevalence of chronic diseases due to an unhealthy lifestyle is driving the growth of global food supplement ingredients market.
Q2: Why is the demand for powder food supplement ingredients rising?
A: Increasing use of energy boosting powdered food supplements among athletes and sportspersons is expected to bolster owing to better texture, taste and quality as compared to conventional supplements.
Q3: How is Europe food supplement ingredients market contributing to the overall industry valuation?
A: Rising obesity rate among children is boosting the demand for food supplement ingredients in the Europe as they aid in weight management.
Q4: Which are the major suppliers of food supplement ingredients across the globe?
A: Major players in food supplement ingredients industry include BASF SE, Nestle, Groupe Danone S.A., Koninklijke DSM N.V., Sunfood Nutraceuticals, Nutri-Force Nutrition, Amway, JW Nutritional, Capsugel, Naturex, Pfizer Consumer Healthcare, Galderma, Fine Foods N.T.M., and Boots.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Food Supplement Ingredients Industry Insights
Chapter 4 Food Supplements Ingredients Market, By Product
Chapter 5 Food Supplement Ingredients Market, By Form
Chapter 6 Food Supplements Ingredients Market, By End-Use
Chapter 7. Food Supplement Ingredients Market, By Region
Chapter 8. Company Profile
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