Health Ingredients are being used on a large scale in the food and beverages industry. Rising health awareness and increasing prevalence of various diseases are some of the factors driving the demand for food and beverages products with health ingredients, especially those ingredients obtained from plants. Health promoting ingredients are also being used by food manufacturing companies in order to fight life-style diseases. However, increasing cases of food allergies worldwide is also resulting in the elimination of some of the health ingredients.
According to a study by Transparency Market Research (TMR), the global market for health ingredients is expected to witness healthy growth. The market is projected to register 6.1% CAGR between the forecast period 2017 and 2026. The global health ingredients market is also likely to reach US$ 123,434.6 million in terms of revenue by 2026 end.
Protein to Emerge as the Most Preferred Health Ingredients
Compared to various health ingredient products, protein is likely to see a substantial growth throughout the forecast period. Recent studies have also shown that eating protein-rich food offer various health benefits and also helps in stabilizing blood sugar level. Supporting absorption of important nutrients is also one of the qualities of protein. Poultry fish, meat, dry beans, nuts, eggs, seeds are considered to be a rich source of protein. With the increasing demand, food companies are also introducing new products that have protein content in it. The demand for protein shakes have also increased, however, protein shakes can also result in various health problems. Hence, manufacturers are focusing on the quantity of protein to be included in food products.
Plants to Gain Maximum Traction as the Source of Health Ingredients
Health ingredients obtained through plants are gaining popularity in the global market. Increasing adoption of natural and organic products is driving the demand for plant-based ingredients. Also, rapid growth in veganism is resulting in the increased production of plant-based ingredients. Consumers are moving towards a sustainable lifestyle, creating demand for organic and natural ingredients in both food and beverages products. Along with the benefits offered by existing plant-based ingredients, researchers are conducting research to develop new ingredients from plants offering various health benefits and to help fight chronic diseases. Retail stores across the globe are also witnessing the increased sale of health ingredients.
Health Ingredients to find the largest Application in Food
Changing eating habits and increasing consumption of food products offering health benefits is driving the application of healthy ingredients in food products. Increasing number of people are suffering from vitamin, and protein deficiencies. Hence, the demand for food and beverages rich in vitamin, protein and minerals is also rising across the globe. The functional food industry has also experienced the fastest growth in recent years. Functional foods and beverages that are fortified with vitamins and minerals are also gaining a lot of traction worldwide. The fortification of various food products including dairy products, cereals, and bread have gain popularity. However, research is being done to introduce new health ingredients from plants and fruits and other natural sources.
Royal Frieslandcampina N.V., Lonza Group Ltd., Kerry Group PLC, Tate & Lyle PLC, Ingredion Incorporated, BASF SE, Arla Foods Amba, Cargill, Associated British Foods, Koninklijke DSM N.V., Archer Daniels Midland Company, and E. I. du Pont de Nemours and Company are the leading companies operating in the global market for health ingredients.
Manufacturers across the globe are focusing on developing new products with healthier ingredients, especially organic and plant-based ingredients. Moreover, the demand for health ingredients is also rising across the globe. Fruit and plant extracts, minerals, vitamins, and probiotics are some of the popular health ingredients found in various foods and beverages. Increasing health awareness among customers is also resulting in the rising demand for functional foods. Regulatory bodies across various countries have also introduced regulations on various health ingredients. Hence, food manufacturers need to comply with these regulations to launch the product with health ingredients in the global market.
Manufacturers are also increasingly investing in the research and development activities to develop new health ingredients using plant and organic raw materials. In recent years, bioactive ingredients have also gained popularity. Research is also being carried on the safety, and consumption levels of these ingredients.
The latest study on the global health ingredients market provides in-depth analysis of the various market trends and drivers that can result in the global market growth. The report is developed by obtaining data and information by doing primary as well as secondary research. The data or information collected through primary research was done by conducting interviews with industry experts and the information provided by respondents was checked with valid resources. The secondary research includes financial and annual reports of the key companies.
The report also provides market segmentation and regional analysis of the global health ingredients market. The report focuses on qualitative as well as quantitative aspects of the market, to offer an estimation of the revenue, market size, CAGR, and Y-O-Y growth.
The information on latest advancements in the global market has also been covered in the study that helps to identify growth opportunities. Market dynamics are also covered in the report including driving factors, key opportunities, market trends, and factors hampering the growth of the market. The report also provides analysis on market attractiveness index. It also gives an in-depth analysis of the global market based on Porter’s five force model and SWOT analysis. Information on the advanced technologies being adopted across the global health ingredients market has also been focused on in the report.
The report provides a detailed profile of the key companies currently active in the market. The companies are weighed on the basis of key parameters such as latest developments, product portfolio, company and financial overview, and long-term and short-term business strategies.
The report also sheds light on regulations in different countries in the global health ingredients market. The report talks about the manufacturing and sales of health ingredients along with the new research and key development activities going on in the global health ingredients market.
Research Study Highlights
- Historical data, market analysis and a forecast on the global market for the period from 2017 to 2026.
- Market Segmentation with in-depth analysis.
- In-depth analysis of the market, with the focus on the key regions.
- Dashboard including analysis of prominent market players.
- Neutral outlook on the estimated data and global market.