Expected to surpass US$ 1.2 Billion in 2023; the Flavors for Pharmaceutical & Healthcare Applications Market to remain Prominent: FMI Report

The flavors for pharmaceutical and healthcare applications market was worth more than US$ 1.2 billion in 2023 and is estimated to expand at a CAGR of 5.5% from 2023 to 2033 due to the increasing incidence of medical problems worldwide.

Growing consumer awareness of the significance of physical well-being and fitness is cruising customer engagement in the consumption of nutritional supplements to boost immune function, resulting in greater product demand. Enhanced minerals and vitamin deficiency among the global population as a result of a dearth of consumption of nutrient-rich foods are likely to increase demand for flavors from dietary supplements.

The growing working-woman population and rising awareness about child nutritional requirements will drive flavor demand for infant nutrition compositions. Increasing clean label prerequisites are raising the significance of plant-based ingredients in pharmaceutical formulations, which is expected to expand market statistics during the forecast timeframe. The high demand for flavored infant formula and nutrients to augment food intake among kids is increasing the deployment of various flavors in infant nutrition, which is expected to enhance the business strategy in the APAC region over the next several decades.

Download Comprehensive Report Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-15936

Key Takeaways from Market Study

By end use, dietary supplements are expected to witness significant growth, with revenue exceeding US$ 745 Million by 2033.
The omega fatty acid segment is anticipated to expand at a CAGR of more than 7.1% through 2033.
The European healthcare product flavors market is expected to exceed USD 335 million by 2033, with a CAGR of more than 5.2%.
Asia Pacific flavors market for the pharmaceutical and healthcare industry is anticipated to rise at a CAGR of more than 5.7% CAGR.
COVID-19 has contributed to the expansion of the flavors market for pharmaceutical and healthcare applications with a CAGR of 4%

"Increased vitamin and mineral deficiency among the world population as a result of a dearth of usage of nutrient-rich foods is likely to raise demand for flavors from food additives. Rising urbanization, rising disposable incomes, and greater consumer awareness of wellness issues may stimulate consumers to integrate dietary supplements into their daily diet, thereby bolstering the product landscape" says an analyst at Future Market Insights.

Ask your Questions to Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-15936

Market Competition

Keva Flavours, Gold Coast Ingredients, International Flavours & Fragrances (IFF), Symrise AG, Prinova Nagasa Group, Mane SA, Firmenich, Taste Master Flavors, Wild Flavors & Specialty Ingredients, Quest Nutra Pharma, Concept Flavors & Fragrances, Carmi Flavors & Fragrances, and Sapphire Flavors & Fragrances, among others are some of the major players in the flavors market for pharmaceutical & healthcare applications.

Beta Heart, a new product from Herbalife Nutrition, was launched in January 2020. The product is particularly created to maintain blood cholesterol levels stable. Beta Heart, a vanilla-flavored product, is obtainable in a 15-gram sachet.
Firmenich, the world's biggest private fragrance and flavor company, is delighted to announce dragon fruit as its 2023 Flavor of the Year, recognizing consumers' desire for exciting new additives and bold, adventurous flavor creation.
Symrise AG took a further major leap forward to endorse manufacturers in October 2021 with the SymProBiomeTM platform. It encourages a deeper understanding of the fragile ecosystems that classify us as humans. Modern consumers desire products that are in tune with their bodies, harmonizing with their natural microbiomes and assisting them in looking and feeling better.

More Valuable Insights 

Future Market Insights, in its new offering, presents an unbiased analysis of the global flavors for pharmaceutical & healthcare applications market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of end use (OTC drugs, dietary supplements, therapeutic nutrition and healthcare nutrition) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Get Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-15936

Key Segments Profiled in the Flavors Market for Pharmaceutical & Healthcare Applications Industry Survey

By End Use:

OTC Drugs
Dietary Supplements
Vitamins & Minerals
Proteins & Amino Acids
Dietary Fibers
Omega Fatty Acids
Botanicals
Therapeutic Nutrition
Healthcare Nutrition
Infant Nutrition
Sports Nutrition
Clinical Malnutrition
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Read Other Reports:

Citrus Flavors Market: https://www.futuremarketinsights.com/reports/citrus-flavours-market

Encapsulated Flavors and Fragrances Market: https://www.futuremarketinsights.com/reports/encapsulated-flavors-and-fragrances-market

Feed Flavors Market: https://www.futuremarketinsights.com/reports/feed-flavors-market

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers,
Dubai
​United Arab Emirates
For Sales Queries: sales@futuremarketinsights.com

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.