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Food Supplement Ingredients Market Size

Report ID: GMI3097
Published Date: Oct 2023
Report Format: PDF

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Food Supplement Ingredients Market Size

Food Supplement Ingredients Market size is expected to register over 7% CAGR during 2023 to 2032, on account of the increasing awareness and focus on overall health and wellness among consumers. With a heightened interest in preventing health issues, there has been a surge in demand for dietary supplements. People are turning to food supplements as a means to bridge nutritional gaps and enhance their well-being.

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According to an NIH published survey conducted in Tanzania, multivitamins (64.1%) were the most frequently consumed supplement type, followed by Mineral (34.9%) and Herbal/Botanical (26.7%) supplements. The prevalent reason for dietary supplement use among working adults was to improve overall health (67.1%).

Food Supplement Ingredients Market Report Attributes
Report Attribute	Details
Base Year:	2022
Food Supplement Ingredients Market Size in 2022:	700 Million (USD)
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7%
2032 Value Projection:	2 Billion (USD)
Historical Data for:	2018 to 2022
No. of Pages:	250
Tables, Charts & Figures:	344
Segments covered:	Product, Form, End-Use and Region
Growth Drivers:	U.S.: Rising prevalence towards cardiovascular diseases. 2 Growing health expenditure in physique building and rising interest in wellness Europe: Growing market for the need of natural ingredients to avert diseases Asia Pacific: Growing trends towards healthy lifestyle and increasing demand for sports nutrition
Pitfalls & Challenges:	Minimum dosage requirement

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Furthermore, the global population is aging, and with aging comes a greater concern for health and longevity. The 2022 report WHO highlights that the proportion of geriatric population aging over 60 years will nearly double from 12% in 2015 to 22% in 2050. This demographic shift has led to a higher demand for food supplement ingredients, as older individuals seek products that can support their specific health needs. The development of specialized ingredients targeting age-related health concerns, coupled with a notable shift toward plant-based and natural ingredients will shape the industry dynamics over the coming years.

The food supplement ingredients market is subject to stringent regulations, and navigating the ever-changing landscape of health claims, safety requirements, and quality standards remain a major challenge for manufacturers as it demands substantial investments in compliance. Additionally, there is saturation and intense competition as numerous players vie for dominance, exerting pressure on pricing and profit margins. These factors, coupled with the need for continued innovation to meet evolving consumer preferences and health trends, create a complex environment for the players, restraining the industry growth to some extent.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of food supplement ingredients is set to grow at 7% CAGR from 2023 and 2032, due to the increasing awareness and focus on overall health and wellness among consumers.

The probiotics product segment will record over 5.5% CAGR through 2032, driven by the extensive research highlighting the potential benefits of probiotics, such as improved digestion, enhanced nutrient absorption, and immune system support.

North America market size will expand at 6.5% CAGR through 2032, favored by the heightened focus of population on health and wellness, along with demographic shift toward geriatric stage.

DSM Nutritional Products, BASF SE, Archer Daniels Midland Company (ADM), Lonza Group, Cargill, Incorporated, Naturex (Givaudan), Nutralliance, Ingredion Incorporated, Glanbia Nutritionals, and Kerry Group.