Growing consumer inclination towards health food and fitness to influence the growth of the health ingredients market

The health ingredients market was valued at USD 67.98 Billion and projected to reach USD 101.32 Billion by 2022, growing at a CAGR of 6.96% from 2017 to 2022. Growing consumer inclination towards health food and fitness to influence the growth of the health ingredients market.

The prebiotic starter cultures segment is expected to be the fastest growing segment in the health ingredients market during the forecast period 2017-2022, due to increasing consumer awareness about various health benefits of consumption of probiotics. The multifunctionality of probiotics finds broad spectrum of applications such as animal feed, dairy beverages, and gut health function-specific food products.

Download PDF Brochure

The plant segment accounted for the largest share in the health ingredients market, in terms of value, in 2016. Plant-based health ingredients are a major source of vitamins, proteins, and other health ingredients for vegans and for the consumers with allergy with various animal derived ingredients, worldwide. High nutritional profile, low carbon footprint, and easy availability of plant- and vegetable-based health ingredients are significantly driving the consumption of these health ingredients.

In 2017, the Europe region is estimated to hold the highest share in the global health ingredients market whereas Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The presence of a large food & beverage industry offers the European health ingredients market a prominent consumer base as well as growth prospects.

The Asia-Pacific market is driven by the economic growth of the region, coupled with increasing demand for health specific food & beverage products. The health ingredients market among Asia-Pacific countries is on the growth curve. Evolving consumer taste, rising prevalence of chronic diseases and increasing healthcare costs are expected to contribute to the growth of the health ingredients market in the coming years.

Leading companies are Koninklijke DSM N.V. (Netherlands), Kerry Group (Ireland), E. I. du Pont de Nemours and Company (Wilmington, U.S.), and Archer Daniels Midland Company (U.S.).

Comments

Post a Comment

Popular posts from this blog

Global Bottled Water Processing Market: Key Trends and Insights by 2028

A recent research report by MarketsandMarkets titled " Bottled Water Processing Market " provides valuable insights into the dynamics of the bottled water industry. The study covers both the bottled water market and the bottled water equipment market, forecasting significant growth in both segments. Here are key highlights from the report: Download PDF Brochure Bottled Water Market Overview: The bottled water market is projected to reach USD 457.1 billion by 2028, exhibiting a CAGR of 8.0% from 2023. This growth is attributed to the rising demand in emerging markets where limited access to safe drinking water is a challenge. The global population increase also contributes to the surge in demand for clean and safe drinking water, emphasizing the pivotal role of bottled water processing in providing accessible hydration solutions. Product Type Insights: The report highlights that still water dominates the market, accounting for the largest share in 2022 in terms of value. This
Read more

Growth Trends and Opportunities in the Global Edible Oils Market

The global edible oils industry is on track to reach USD 268.9 billion by 2027, marking a significant increase from USD 212.6 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% between 2022 and 2027. This growth is primarily fueled by the rising global population, coupled with shifts in lifestyle preferences towards processed foods, where edible oils play a crucial role as primary ingredients. Furthermore, ongoing advancements in food processing, including the development of novel products such as confectionery, bakery items, ready-to-eat foods, and fast foods, are driving substantial demand for edible oils. Download PDF Brochure      Soybean oils emerge as the fastest-growing segment in the global edible oils market , anticipated to experience a robust CAGR of 5.4% during the forecast period. With concerns regarding food costs and climate change's impact on food supplies, soy products, particularly soybean oil, are gaining traction. Soybean oil's neu
Read more

Transformative Growth Projected for Global Seed Coating Market: A Comprehensive Overview

In 2023, the global seed coating market , valued at USD 2.0 billion, is positioned for remarkable expansion, anticipated to reach USD 3.1 billion by 2028 with a robust CAGR of 8.5%, as reported by MarketsandMarkets. This agri-tech innovation is reshaping agriculture by enhancing seed germination, seedling vigor, and overall crop yields. Download PDF Brochure Advancements in Liquid Seed Coatings: A Cornerstone of Modern Agriculture Liquid seed coatings, applied across diverse crops such as corn, soybeans, wheat, rice, vegetables, and flowers, are indispensable tools in modern agriculture. Croda International Plc's FS formulations are gaining prominence due to their concentrated nature, water-based composition, and enhanced safety during application, marking a revolutionary shift in seed treatment practices. Cereal and Grains Segment Driving Adoption The cereal and grains segment, emphasized by the Food and Agriculture Organization (FAO), plays a pivotal role in the increasing adopti
Read more