PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603883
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603883
According to Stratistics MRC, the Global Health Ingredients Market is accounted for $121.1 billion in 2024 and is expected to reach $212.3 billion by 2030 growing at a CAGR of 9.8% during the forecast period. Natural or processed compounds that offer particular health advantages are employed as health ingredients in food, drinks, supplements, and personal care items. They assist physiological processes, encourage general well-being, and avert health problems. Amino acids, omega-3 fatty acids, probiotics, prebiotics, vitamins, minerals, antioxidants, and fibers are examples of common health components. To increase nutritional content, promote heart health, strengthen the immune system, improve digestion, and control weight, these compounds are added to goods.
According to World Health Organization, an estimated 17.9 million people died from cardiovascular diseases (CVDs), representing 31% of all global deaths. Of these deaths, 85% are due to heart attack and stroke.
Rising prevalence of chronic health conditions
Chronic health conditions like obesity, diabetes, heart disease, arthritis, and digestive disorders are leading causes of death and disability globally. As these conditions become more prevalent, there is a growing demand for functional foods and beverages that can manage or prevent them. Further, ingredients like omega-3 fatty acids, probiotics, antioxidants, and fiber are being incorporated into everyday products to improve long-term health and manage chronic conditions enhancing the market growth.
High cost of functional ingredients
Functional ingredients, often requiring advanced extraction techniques and high-quality sourcing, can lead to increased production costs, resulting in higher retail prices for functional foods and supplements. Additionally, the high costs can lead to market segmentation, with only premium brands or products using these ingredients. This may alienate a significant portion of the consumer base that cannot afford higher-priced functional foods, restricting their potential customer base and limiting market expansion.
Increasing trend toward plant-based, organic, and natural products
Plant-based diets are gaining popularity as consumers seek healthier alternatives to animal-derived ingredients due to health, environmental sustainability, and animal welfare concerns. Ingredients like plant proteins, fats, and plant extracts are sought for their health benefits. These plant-based alternatives are particularly beneficial for those with lactose intolerance, gluten sensitivity, or meat consumption reduction. Furthermore, Omega-3 fatty acids, like flaxseed and chia seeds, are also being popular as heart-healthy alternatives to fish oil encourage the market.
Lack of scientific evidence
Consumer skepticism about health ingredients can lead to reduced trust in products claiming health benefits, discouraging purchases. Lack of credible research can hinder market growth and product acceptance. Health ingredients often face stringent regulatory scrutiny, leading to manufacturers struggling to substantiate claims. Lack of scientific evidence can result in potential rejections of product approvals or marketing materials, causing delays in product launches and increased compliance costs creating barriers in the market.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the health ingredients market by increasing consumer demand for products that support immune health, such as vitamins, minerals, and probiotics. This surge in interest led to heightened sales of dietary supplements and functional foods. Companies faced challenges in sourcing ingredients due to trade restrictions and logistical issues, which affected production capabilities.
The vitamins & minerals segment is expected to be the largest during the forecast period
The vitamins & minerals segment is projected to account for the largest market share during the projection period as the consumers are increasingly seeking preventative health solutions, particularly in the form of vitamins and minerals. These essential nutrients prevent deficiencies and support bodily functions. This has led to a growing interest in fortified foods and dietary supplements, such as Vitamin D, which is crucial for bone health and immune function, especially among those with limited sun exposure.
The animal-based segment is expected to have the highest CAGR during the forecast period
The animal-based segment is projected to witness substantial growth during the projection period, because animal-based ingredients like whey protein, collagen, fish oil, and egg proteins are popular for their high-quality proteins and essential nutrients. Whey protein aids in muscle recovery and growth, while collagen is used in anti-aging and joint health supplements for skin elasticity, joint flexibility, and bone health. These animal-based products drive demand in the supplement and functional food markets.
During the projected timeframe, the Asia Pacific region is expected to hold the largest market share due to majority of people suffering from vitamin and mineral deficiencies. This has created a chance for the major producers of functional foods, beverages, and dietary supplements to increase their market share and solidify their position as the industry leaders. Several producers of bioactive compounds, for instance, are extending their product ranges to meet the increasing demand for functional components.
The North American region is expected to register the highest growth rate over the forecast period, urbanization in the region has led to a majority of the population suffering from vitamin and mineral insufficiency, providing an opportunity for major dietary supplement and functional food manufacturers to expand their presence and strengthen their market leadership. Bioactive ingredient manufacturers are expanding their product lines to meet growing demand.
Key players in the market
Some of the key players profiled in the Health Ingredients Market include Archer Daniels Midland Company, Arla Foods, Associated British Foods plc, BASF SE, Cargill Inc., Corbion N.V., DuPont de Nemours Inc., Fonterra Co-operative Group Limited, Food Chem, International, FrieslandCampina Ingredients, Glanbia Plc, Ingredion Incorporated, Kerry Inc, Koninklijke DSM, Lonza Group, Roquette Freres, Rousselot BV and Tate & Lyle PLC
In October 2024, DuPont and Zhen Ding Technology Group announced they have entered into a strategic cooperation agreement in advanced printed circuit board (PCBs) technology.
In January 2024, Farmers Business Network and ADM announced that they have launched a joint venture, gradable, creating a new company to expand the Gradable technology platform and enable more farmers and buyers to confidently pursue and derive value from grain produced using sustainable and regenerative practices.
In January 2024, ADM animal nutrition expanded recall to include additional lots of various feed products. Specific lots may contain elevated levels of magnesium, sodium, calcium, chloride and/or phosphorus; may harm cattle, chickens, equine, goats, lambs, llamas, rabbits, sheep and swine.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.