Food Supplement Ingredient Market May Set Epic Growth Story | Abbott, Amway Corp, Nestlé

Market Overview:
The food Supplement Ingredient Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

The development of human sources is largely dependent on nutrition. In dosage form, food supplements are rich sources of nutrients and other substances that play an important role in the body's nutritional and physiological development. Food supplements are expected to correct wholesome inadequacies, keep a sufficient admission of specific supplements, and advance explicit physiological capabilities. Additionally, the growth of the food supplement market will be aided by an increase in the number of health clubs, fitness centers, and gymnasiums over the forecast period. Moreover, change in lifestyle patterns is associated with various diseases owing to the deficiency of certain vitamins and nutrients.

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Market Dynamics:
Driver:
The food supplement ingredient market is being driven in large part by the pricey healthcare sector. In addition, the market will benefit from the aging population and diseases brought on by changing lifestyles during the forecast period. Market participants have been forced to introduce weight management-supporting food supplements as a result of obesity-related issues. Moreover, there has been a sharp expansion popular of dietary items inferable from a sound and sickness-free way of life.

Opportunities:
Society's inclination toward health and nutrition
Consumers are also considering the functional health benefits of these supplements for the purpose of disease prevention in addition to the fact that their use of dietary supplements is limited to meeting the daily nutrient requirements. In addition, they are expressing a keen interest in products that improve mental alertness, physical endurance, and energy. In addition, the rise in diseases brought on by poor diet and deficiency in essential nutrients is providing market players with opportunities to create all-inclusive food supplements.

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Market Segmentation
Segmentation Analysis of Food Supplement Ingredient Market:
Depending on the product, the vitamins segment is anticipated to have the highest share of the food supplement ingredient market during the forecast period. The busy lifestyle and the high consumption of ready-to-eat foods is the main cause of vitamin deficiency in many individuals. Vitamins play an important role in boosting immunity and cardiovascular health. Moreover, vitamins are also beneficial for the efficient functioning of the nervous system. Taking vitamins daily fulfills the daily requirement. The increase in the time spent looking at screens on TVs, computers, and phones result in poor eyesight. In addition, particular vitamins can support eye health such as E, C, A, and selenium. Taking vitamins daily improves bones health, strengthens healthy metabolism, and promotes healthier skin and hair. All these factors stimulate the growth of this segment in the forecast period.
• Vitamin
• Minerals
• Proteins
• Prebiotics
• Probiotics
• Others

Depending on the end-user, the adult segment is expected to dominate the food supplement ingredient market in the projected period. As one ages, it becomes difficult for the body to absorb the essential nutrients, and specific medications related to old age diseases may drain nutrients further. An effective and simple way to tackle this problem is by taking appropriate food supplements. Moreover, the majority of the adult population experience deficiencies, to overcome these deficiencies there is various food supplement available in the market. Furthermore, the growing adult population and the increasing prevalence of obesity, cardiovascular diseases, diabetes, and other related conditions among adults is the vital factor propelling the development of the food supplement ingredient market.
• Adults
• Children
• Infants
• Pregnant Women

Depending on the form, the tablets are predicted to lead the food supplement ingredient market in the forecast period. Depending on the active ingredient present in tablets and the casing, tablets are economically favorable to manufacture than their counterparts thus, making them more affordable for consumers. Moreover, tablets are more stable and have a longer shelf life than capsules. In addition, a single tablet can contain a higher dose of an active ingredient and can be cut in two pieces for a smaller dosage, if needed. Furthermore, certain tablets are available in the chewable or orally-dissolving form. Tablets can be manufactured in quick release, delayed-release, or extended-release formats, therefore helping the expansion of this segment.
• Tablets
• Capsules
• Liquids
• Gel Capsules
• Powder

Depending on applications, the immunity booster segment is expected to have the highest growth rate during the projected period. The rise in the number of flu outbreaks and the high consumption of snack that lacks essential minerals and nutrients is stimulating individuals to adopt food supplements in their daily diet. Vitamins, minerals, and other nutrients play an essential role in enhancing the immune system. The growing health awareness among individuals is driving the usage of food supplements to boost immunity hence, helping the market flourish.
• Cardiac Health
• Immunity Boosters
• Diabetes
• Anti-Cancer
• Weight Loss
• Others

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Regional Analysis of Food Supplement Ingredient Market:
The North American region is anticipated to have the highest share of the food supplement ingredient market during the forecast period. The growing health awareness among individuals in this region is the main factor fueling the growth of the market in this region. Moreover, the rising number of individuals suffering from cardiovascular diseases, cancer, and diabetes in this region is propelling the demand for food supplements that can help individuals live a better life with these diseases. According to a CRN consumer survey, about 77% of Americans consume food supplements, in which vitamins and minerals constitute a prominent part of the supplements. In addition, sports and weight loss supplements are also popular among U.S populations.

The Asia-Pacific region is expected to grow with the highest significant growth rate in the projected period. The growing adult population and the rise in the number of people suffering from vitamin deficiency attributed to a busy lifestyle is the main factor driving the growth of the market in this region. Moreover, the increasing expenditure on immunity-boosting products by individuals attributed to the rise in disposable income is stimulating the expansion of the food supplements ingredients market in this region.

The European region is predicted to have a positive growth rate during the forecast period. The presence of prominent companies and the rising health awareness are the main factors contributing to the growth of the market in this region. Moreover, the increase in the number of seasonal outbreaks of diseases and to tackle these diseases, consumers in this region are adopting food supplements to enhance immunity. Countries like the U.K, Germany, and France are the major contributors driving the expansion of the market in this region.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Food Supplement Ingredient Market are:
• Abbott (US)
• Amway Corp (US)
• Nestlé (Switzerland)
• Herbalife Nutrition Ltd. (US)
• ADM (US)
• GlaxoSmithKline plc (UK)
• Arkopharma (France)
• DSM (Netherlands)
• Glanbia plc (US)
• BASF (Germany)
• Associated British Foods PLC (UK)
• Bionova (India)
• Renown Pharmaceuticals Pvt Ltd (India)
• Biolife Technologies (India) and other major players.

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Key Industry Development In Food Supplement Ingredient Market
1. In April 2021, Amway, a leading brand in health and beauty received the Certificate of Merit from the Ministry of Health of Vietnam for its numerous contributions in improving the nutritional condition of Vietnamese children. For the second time in a row, Amway has received this prestigious award.
2. In August 2021, Nestlé declared the successful completion of its acquisition of the core brands of The Bountiful Company, including Nature's Bounty, Solgar, Osteo Bi-Flex, Puritan's Pride, Ester-C, and Sundown. This acquisition will enhance Nestlé to provide consumers with a broad range of trusted products to boost consumers' health.
3. In June 2021, Cipla Ltd. launched two new supplements under its flagship brand Maxirich. Maxirich Vitamin C+ Zinc chewable tablets and Maxirich Gold Advanced daily supplement are the two newly launched products in India to expand its immunity-boosting segment range.

Highlights of the Report
• The future prospects of the global Food Supplement Ingredient market during the forecast period 2023-2029 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Food Supplement Ingredient market.

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