Transparency Market Research (TMR) finds that the global health ingredients market is highly competitive due to presence of numerous key players. Some of the key players operating in the global health ingredients market include Lonza Group Ltd., Royal Frieslandcampina N.V., Kerry Group PLC, Ingredion Incorporated, Tate & Lyle PLC, BASF SE, Cargill, Arla Foods Amba, Archer Daniels Midland Company, Koninklijke DSM N.V., Associated British Foods, and E. I. du Pont de Nemours and Company.
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TMR anticipated the global revenue of the health ingredients market is expected to reach US$123,434.6 million in terms of revenue by 2026 end and expected to expand with a CAGR of 6.1%. On the basis of health ingredients, plants segment is expected to account for the larger share and estimated to generate revenue of nearly US$44,900 mn by the end of 2026. With this revenue plants are expected to emerge as most vital source for health ingredients. On the basis of product type, proteins are expected to generate revenue of US$ 32,700 mn by the end of 2026. This growth is attributable to high preference for proteins as a health ingredients. On the basis of application, food products are expected to account for the larger share and generate the revenue of US$ 53,000 million in the global health ingredients market. On the basis of sales channel, supermarket or hypermarket segment is accounted for the larger share and generated the revenue of nearly US$ 53,000 million by the end of 2026. This growth is attributable to the availability of products in the stores. On the basis of region, North America followed by Europe is expected to remain dominant in the global health ingredients market over the forecast period.
Plants Derive Ingredients to Gain Traction due to High Demand for Organic Ingredients
The health ingredients such as protein, vitamins, enzymes, minerals, plant & fruits extracts, nutritional lipids, prebiotics, and probiotics are derived from plant, animal, and microbial. Recent studies have proved that consumption of protein-rich food offer several health benefits such as absorbing other important nutrient and stabilization of blood sugar level. These proteins are obtained from poultry fish, dry beans, meat, nuts, eggs, and seeds are considered to be a rich source of protein. Demand for these foodstuffs are increasing and companies are increasingly introducing new products such as proteins shakes and other food products.
Additionally, rapid growth in veganism and demand for organic products is augmenting adoption of plant-based ingredients which is likely to drive growth of the global health ingredient market. Rising awareness about the health benefits of consumption of health ingredients mainly in fighting with chronic diseases and withdrawing some risks and side effects of the treatment on the chronic diseases. These factors are fuelling demand for the health ingredients and likely to drive growth of the global health ingredients market.
Demand for Fortified Foods and Functional Food to Offer Opportunities
The factors such as changing eating habits coupled with increasing disposable income and willing to spend on the healthcare facilities are fueling growth of the global health ingredients market. However, possible risks and side effects related to over or continuous consumption of the health ingredients are restraining growth of the global health ingredients market. Nevertheless, high demand for fortified foods including dairy products and cereals and functional foods are gaining traction which are creating lucrative growth of the global health ingredients market.