Published: Mar, 2018
Maintaining sustainable food production and delivering high quality food products to prevent various diseases and offer health benefits are the biggest challenges in the food and beverages industry. Hence, the use of health promoting food ingredients is also growing across the globe. Manufacturers are also developing health promoting food ingredients using plants and other sources. Research activities on the health related dietary aspects have also shown a significant link between consumption of phytochemicals and prevention of lifestyle diseases. Various natural ingredients obtained from fruits and plants have also shown health benefits, reducing cardiovascular diseases and cancer risk.
The demand for functional foods has also increased in the recent years. Including beneficial ingredients and offering various health benefits is driving the growth of functional foods. Fruits and plants rich in vitamins and minerals are being used on a large scale by manufacturers to produce healthy ingredients for the food and beverages industry. Food and beverages companies are also looking forward to including bioactive ingredients in their food products. However, research is still being done to see the effectiveness and safety of these ingredients.
Transparency Market Research (TMR) expects the global health ingredients market to see strong growth during the forecast period 2017-2026. The market is also estimated to increase to 6.1% CAGR during 2017-2026. By the end of the forecast period, the global health ingredients market is likely to reach US$ 123,434.6 million revenue.
Plant to Emerge as the most Important Source of Health Ingredients
Based on the source of health ingredients, plant is likely to emerge as one of the most vital sources. By the end of 2026, plant as a source is estimated to surpass US$ 44,900 million revenue. Meanwhile, animal as a source for health ingredients is also anticipated to witness significant growth in the coming years.
On the basis of product type, protein is expected to be one of the highly preferred products in the global health ingredients market. Protein is projected to reach close to US$ 32,700 million in terms of revenue. However, vitamins and enzymes are also likely to witness significant growth in the coming years.
Based on the application, health ingredients are expected to find the largest application in the food products. Towards the end of 2026, food is estimated to bring in more than US$ 53,000 million revenue.
On the basis of sales channel, sales of health ingredients is expected to the highest through retail stores. However, supermarket/hypermarket are also likely to witness substantial growth in the coming years. By 2026 end, retail stores are projected to surpass US$ 58,000 million revenue.
North America to Emerge as a Leading Region in the Global Health Ingredients Market between 2017 and 2026
North America followed by Europe is expected to remain dominant in the global market for health ingredients during the forecast period. Increasing awareness among customers is driving the use of probiotics, prebiotics and enzymes ingredients in various food and beverages products in the U.S. The U.S. Food and Drugs Administration (FDA) has also released the list of prohibited and restricted health ingredients in food products. Meanwhile, research activities are also being carried on by manufacturers to develop new health ingredients.
Some of the key companies in the global health ingredients market are Archer Daniels Midland Company, E. I. du Pont de Nemours and Company, Associated British Foods, Koninklijke DSM N.V., BASF SE, Cargill, Arla Foods Amba, Ingredion Incorporated, Tate & Lyle PLC, Royal Frieslandcampina N.V., Lonza Group Ltd., and Kerry Group PLC.
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