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Some of the major market players operating in the health ingredients market are:
DSM, BASF SE, Kerry Group, Cargill, Ingredion Incorported, ADM, DuPont, Royal DSM, Tate & Lyke, Lonza Group, Naturex, Biorginal, Glanbia, Arla among others.
U.S. industry share was USD 24 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 due to the increasing awareness of health and wellness among consumers across the region.
Vitamins held dominant share of the industry in 2022 and will grow at 6.2% CAGR through 2032 driven by rising number of adults seeking preventive health measures to support the overall well-being.
Global market size for health ingredients was valued at USD 100.3 billion in 2022 and is estimated to reach USD 202.9 billion by 2032.