Health Ingredients Market to Flourish as Consumers Demand Nutritious and Functional Foods and Beverages | DuPont de Nemours Inc. , Kerry Group plc , Archer Daniels Midland Company , Koninklijke DSM N.V. , BASF SE , Ingredion Incorporated , Cargill Inc. ,

Health Ingredients Market Overview

The global health ingredients market was valued at USD 94.21 billion in 2022 and is expected to reach USD 148.7 billion by 2028, growing at a CAGR of 8.6% during the forecast period.

The market for health ingredients is segmented based on type, application, and geography. Based on type, the market is segmented into vitamins, minerals, prebiotics and probiotics, protein, fiber, carotenoids, and others. Based on application, the market is segmented into functional food and beverages, personal care, and others.

The functional food and beverages segment is expected to dominate the health ingredients market during the forecast period, due to factors such as increasing consumer demand for healthier food products and the growing popularity of functional foods and beverages. The Asia-Pacific region is expected to witness significant growth in the health ingredients market during the forecast period, driven by factors such as the growing health consciousness among consumers and increasing demand for functional foods and beverages in countries such as China, India, and Japan.

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Key Players of Health Ingredients Market

DuPont de Nemours, Inc.
Kerry Group plc
Archer Daniels Midland Company
Koninklijke DSM N.V.
BASF SE
Ingredion Incorporated
Cargill, Inc.
Tate & Lyle plc
Lonza Group Ltd.
Royal FrieslandCampina N.V.


Covid 19 Impact on Health Ingredients Market

Positive impacts:

Increased consumer awareness about the importance of maintaining good health and boosting the immune system.

Surge in demand for health ingredients such as vitamins, minerals, and probiotics.

Negative impacts:

Disruption of supply chains and manufacturing operations leading to a shortage of raw materials.

Delays in production and delivery of health ingredients.

Closure of gyms, fitness centers, and other health-related businesses affecting the demand for functional foods and beverages.

Expected recovery:

Increasing consumer awareness and demand for healthier food products.

Growing prevalence of lifestyle diseases.

Innovation in the health ingredients market with new and innovative products.


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Recent Developments in Health Ingredients Market

In April 2021, DSM launched a new range of supplements to support healthy aging, including ingredients such as omega-3s, vitamins, and minerals.

In March 2021, Ingredion launched a new range of prebiotic ingredients for the digestive health market, which can be added to a variety of food and beverage products.

In February 2021, Kerry Group announced the acquisition of Biosearch Life, a Spanish company specializing in the development and production of probiotics and other natural ingredients for the health and wellness market.

In January 2021, DuPont Nutrition & Biosciences launched a new ingredient for the plant-based meat market, which helps improve the texture and sensory experience of plant-based meat products.

The key drivers of Health Ingredients Market

Growing demand for functional and fortified food and beverage products

Increasing prevalence of chronic diseases

Growing demand for natural and clean label products

Rise in demand for plant-based products

Technological advancements and innovation in product development


Market segmentation of Health Ingredients Market

By Type: The market can be segmented into vitamins, minerals, prebiotics & probiotics, protein, fibers & specialty carbohydrates, omega-3 fatty acids, botanicals, carotenoids & antioxidants, and others.

By Source: The market can be segmented into plant-based, animal-based, and synthetic.

By Application: The market can be segmented into food, beverages, and others.

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Geographically segmentation of Health Ingredients Market

North America: The United States and Canada are the major markets in this region, driven by the growing demand for functional foods.

Europe: The major markets in this region include Germany, France, the United Kingdom, Italy, and Spain. The demand for health ingredients in Europe is driven by increasing health consciousness and the growing demand for clean label products.

Asia-Pacific: The major markets in this region include China, Japan, India, and South Korea. The demand for health ingredients in Asia-Pacific is driven by the increasing prevalence of chronic diseases, rising disposable incomes, and growing health consciousness.

Rest of the World: The major markets in this region include Brazil and Mexico in Latin America, and the Middle East & Africa. The demand for health ingredients in these regions is driven by the growing population, increasing urbanization, and rising awareness of the health benefits of functional foods.

TOC for Health Ingredients Market

Executive Summary

Introduction

Market Dynamics

Market Segmentation

Competitive Landscape

Regional Analysis

Conclusion

Appendix

FAQs

What is the market size of the Health Ingredients Market?
Ans - The global health ingredients market was valued at USD 94.21 billion in 2022 and is expected to reach USD 148.7 billion by 2028, growing at a CAGR of 8.6% during the forecast period.

Which companies are the major players in the Health Ingredients Market?
Ans - DuPont de Nemours, Inc., Kerry Group plc, Archer Daniels Midland Company, Koninklijke DSM N.V., BASF SE, Ingredion Incorporated Etc.

Which regions are expected to witness significant growth in the Health Ingredients Market?
Ans - The Asia-Pacific region is expected to witness significant growth in the health ingredients market during the forecast period

What are the major factors driving the growth of the Health Ingredients Market?
Ans - The major factors driving the growth of the health ingredients market include increasing consumer awareness of health and wellness, growing demand for functional foods, and rising prevalence of chronic diseases.

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