Market Size of Health Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.87 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Health Ingredients Market Analysis
The global health ingredients market is projected to grow at aCAGR of 5.87% during the forecastperiod (2020- 2025)
- Consumers across the globe are looking for food and beverage products with proven health benefits. Moreover, they are taking a more holistic view of health, wellness, and nutrition which is pushing the demand for health ingredients. Ingredients such as vitamins, omega-3, and omega-6, probiotics among others are on the priority list of consumers attributable to their expanded health benefits.
- For example, the consumption ofomega-3 fatty acid-based supplements and food products is widely promoted globally because of a common belief that that it will protect against heart diseases like cardiovascular disease, which is the leading global cause of death and accounted for more than 17.6 million deaths per year in 2016. Apart from heart diseases, omega-3 fatty acids (EPA and DHA) are used for bone, cognitive, and brain health supplements.
Health Ingredients Industry Segmentation
The global health ingredientsmarket is segmented by product type into, vitamins and minerals, omega-PUFA, probiotics & prebiotics, amino acids, proteins & peptides, fibers, and botanical extracts. By application, the global health ingredients market is segmented into, functional food and beverages and dietary supplements and Geography.
| Product Type | |
| Vitamins and Minerals | |
| Omega PUFA | |
| Probiotics & Prebiotics | |
| Amino Acids, Proteins & Peptides | |
| Fibers | |
| Botanical Extracts |
| Application | |
| Functional Food and Beverages | |
| Dietary Supplements |
| Geography | |||||||||
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Health Ingredients Market Size Summary
The health ingredients market is experiencing significant growth as consumers increasingly seek food and beverage products that offer proven health benefits. This trend is driven by a holistic approach to health, wellness, and nutrition, leading to a heightened demand for ingredients such as vitamins, omega-3, omega-6, and probiotics. These ingredients are prioritized for their extensive health benefits, including the promotion of heart, bone, cognitive, and brain health. The aging global population is further propelling this demand, as the risk of musculoskeletal conditions rises, necessitating the consumption of vitamins and minerals like calcium, vitamin D, and vitamin C. The market is also witnessing a shift towards natural health ingredients, with companies like Omya AG offering naturally sourced calcium carbonates that support bone health and are used in various food products.
The Asia-Pacific region stands out as a major market for health ingredients, driven by urbanization and resulting vitamin and mineral deficiencies. This has created opportunities for manufacturers of dietary supplements and functional foods to expand their presence. Companies in the region, such as Shenzhen Qianhai Xiaozao Technology Co. Ltd and Marinova, are innovating by producing bioactive ingredients like algae omega-3 and fucoidan compounds. The global health ingredients market is highly fragmented, with numerous players, including Archer Daniels Midland Company, BASF SE, Koninklijke DSM, and others, competing for market share. These companies are actively expanding their product lines to meet the growing demand for functional ingredients, reinforcing their positions as leaders in the market.
Health Ingredients Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Vitamins and Minerals
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2.1.2 Omega PUFA
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2.1.3 Probiotics & Prebiotics
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2.1.4 Amino Acids, Proteins & Peptides
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2.1.5 Fibers
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2.1.6 Botanical Extracts
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2.2 Application
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2.2.1 Functional Food and Beverages
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2.2.2 Dietary Supplements
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Spain
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2.3.2.6 Italy
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 South Africa
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East and Africa
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Health Ingredients Market Size FAQs
What is the current Health Ingredients Market size?
The Health Ingredients Market is projected to register a CAGR of 5.87% during the forecast period (2024-2029)
Who are the key players in Health Ingredients Market?
The Archer Daniels Midland Company, Koninklijke DSM N.V., BASF SE, Corbion N.V. and Cargill, Incorporated are the major companies operating in the Health Ingredients Market.
