Health Ingredients Market Expands at 6.3% CAGR, Driven by Rising Demand for Dietary Supplements - Analysis by TMR

The global health ingredients market has been witnessing remarkable growth, driven by increasing consumer awareness of health and wellness. Valued at US$ 96.4 billion in 2022, the industry is expected to expand at a CAGR of 6.3% from 2023 to 2031, reaching approximately US$ 165.8 billion by the end of the forecast period. The growing preference for natural and plant-based supplements, coupled with rising concerns over chronic diseases, is fueling demand for health ingredients across various segments.

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Market Size and Growth

The health ingredients industry is experiencing significant expansion due to a surge in the adoption of dietary supplements, functional foods, and beverages enriched with essential nutrients. Factors such as lifestyle-related health issues, increased disposable incomes, and consumer preference for clean-label products have driven market growth. The rise in veganism and plant-based diets has further accelerated the demand for plant-based proteins, vitamins, and mineral supplements.

The industry is also witnessing technological advancements in extraction and formulation processes, allowing manufacturers to develop more efficient and bioavailable health ingredients. Partnerships and collaborations among key players are helping expand their global reach and enhance brand awareness.

Market Segmentation

The health ingredients market is segmented based on source, type, and application:

By Source:

• Plant-based
• Animal-based
• Microbial-based
• Synthetic-based

By Type:

• Vitamins
• Minerals
• Proteins
• Enzymes
• Nutritional Lipids
• Plant & Fruit Extracts
• Prebiotics
• Probiotics
• Others

By Application:

• Food
• Beverage
• Animal Feed
• Personal Care

Regional Analysis

Asia Pacific led the global health ingredients market in 2022, driven by increasing consumer awareness of nutrition, growing demand for functional foods, and rising adoption of Ayurveda and herbal-based ingredients. Countries like China, India, and Japan have seen a surge in demand for plant-based and organic products.

North America and Europe are also key markets, with the U.S. and Germany emerging as major hubs for health ingredient innovation. The demand for gluten-free and non-GMO products has significantly contributed to market expansion in these regions. The Middle East & Africa, as well as Latin America, are witnessing increasing investments from global manufacturers looking to tap into emerging health-conscious consumer bases.

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Market Drivers and Challenges

The health ingredients industry is experiencing robust growth due to several factors:

Growing demand for dietary supplements: Consumers are increasingly including probiotics, omega-3s, and multivitamins in their daily diets to enhance immunity and overall health.

Rising prevalence of chronic diseases: The surge in cardiovascular diseases, diabetes, and obesity is prompting a shift towards preventive healthcare and functional foods.

Increase in plant-based and organic product consumption: The movement towards sustainability and clean-label products is driving the demand for plant-based health ingredients.

Despite its growth, the industry faces several challenges:

Regulatory compliance: Strict regulations and approvals for new health ingredients can slow market entry.

High production costs: Developing sustainable and organic health ingredients often involves higher costs, which can impact pricing and affordability.

Limited awareness in developing regions: While demand is growing, certain markets still require greater consumer education regarding the benefits of health ingredients.

Competitive Landscape

The global health ingredients market is highly competitive, with key players focusing on product innovation, partnerships, and sustainability initiatives. Leading companies in the market include:

• Cargill, Incorporated
• DSM
• ADM
• Associated British Foods PLC
• BASF
• Arla Foods amba
• Tate & Lyle
• DuPont
• Lonza
• Kerry Group plc.
• Glanbia PLC
• Roquette Freres
• BENEO
• FrieslandCampina

These companies are leveraging technological advancements and strategic collaborations to expand their product portfolios. For instance, in August 2022, ADM partnered with Benson Hill to develop innovative soy-based ingredients, catering to the growing demand for plant-based proteins. Similarly, in April 2022, Kerry Group introduced BC-30 in liquid format to enhance the functionality of probiotic beverages.

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Future Outlook

The global health ingredients market is set for sustained growth, driven by evolving consumer preferences, continuous product innovation, and increased awareness of health and wellness. Companies investing in plant-based and sustainable ingredient development are likely to gain a competitive edge. With growing regulatory support for clean-label and organic ingredients, the industry is expected to witness greater expansion across emerging markets.

As the demand for personalized nutrition and functional foods continues to rise, the health ingredients market is poised to play a crucial role in shaping the future of the food and beverage industry. Companies focusing on research and development, eco-friendly sourcing, and strategic collaborations will remain at the forefront of this rapidly evolving market.

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