Health Ingredients Market Growth Rate, Industry Insights, Segments, Size Analysis And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Health Ingredients Global Market Report 2023 identifies growing number of heart diseases and obesity-related problems as the major driver for the health ingredients market's growth in the forecast period. Heart diseases refer to heart and blood vessel problems, whereas obesity-related diseases refer to the consequences of having a body mass index of 30 or more. Incorporating health ingredients such as omega-3 fatty acids into meals helps to prevent or cure heart diseases by altering the production of substances in the body that lead to such conditions.

The global health ingredients market size is expected to grow from $97.42 billion in 2022 to $105.6 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of health ingredients market is expected to reach $143.52 billion in 2027 at a CAGR of 8%.

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Major competitors in the health ingredients market are Cargill Incorporated, Archer Daniels Midland Co., BASF SE, Evonik Industries AG, Associated British Foods plc, Fonterra Co-operative Group Limited.

A key trend in the health ingredients market includes product innovation. Major companies operating in the health ingredient market are developing innovative products to sustain their position in the market. For instance, in August 2022, Youtheory, a US-based health, wellness, and fitness company, launched a new line of liquid nutrient packets and capsules that included K2D3, B12B6, and Ashwagandha. These simple-to-take capsules and ready-to-drink sachets offer a daily serving those aids in supporting overall mental and physical well-being. B12B6 liquid mix with complementary tablets helps boost brain health and vitality in a portable, easy-to-carry packet ideal for your hectic lifestyle. The KSM-66 organic full-spectrum extract, the most clinically backed Ashwagandha on the market, is used in the Youtheory Ashwagandha liquid and pill recipe. With the help of Youtheory K2D3, the body can use calcium effectively for several processes involved in regular metabolism. Additionally, K2 and D3 support each other in stimulating bone formation and cardiovascular health.

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The health ingredients market is segmented -
1) By Type: Vitamins, Minerals, Probiotic Starter Cultures, Prebiotics, Plant And Fruit Extracts, Enzymes, Nutritional Lipids, Functional Carbohydrates, Proteins

2) By Source: Plant-Based, Animal-Based, Microbial-Based., Other Sources

3) By 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) By Distribution Channel: Supermarket, Retail Store, Online Sales

5) By Application: Food And Beverages, Pharmaceuticals, Animal Feed, Personal Care

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the health ingredients market.

The Business Research Company's "Global Health Ingredients Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Health Ingredients Market Include:
1. Executive Summary
2. Health Ingredients Market Characteristics
3. Health Ingredients Market Trends And Strategies
4. Health Ingredients Market - Macro Economic Scenario
…
32. Global Health Ingredients Market Competitive Benchmarking
33. Global Health Ingredients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Health Ingredients Market
35. Health Ingredients Market Future Outlook and Potential Analysis
36. Appendix

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