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Health Ingredients Market size was valued at around USD 100.3 billion in 2022 and is estimated to reach USD 202.9 billion by 2032. Consumers are increasingly prioritizing their health and well-being.
They are seeking foods and beverages that offer added nutritional benefits and can support their overall health, leading to a rise in demand for health ingredients. Consumers are looking for products that contain health ingredients that can support mobility, cognitive function, and overall vitality in later stages of life. The prevalence of chronic diseases, such as obesity, diabetes, and cardiovascular issues, has been on the rise globally. As a result, consumers are proactively seeking products with health ingredients that may help in managing or preventing these conditions.
Health ingredients often come with health claims and functional benefits, leading to stricter regulatory scrutiny. Ensuring compliance with various food safety and health regulations can be challenging and time-consuming for manufacturers. Sourcing high-quality health ingredients consistently can be challenging, especially for niche or novel ingredients. Developing and incorporating health ingredients into products can increase manufacturing costs, potentially leading to higher product prices.
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.