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3. Market Leaders: Archer Daniels Midland Company (ADM) (US), Associated British Foods PLC (UK), International Flavors & Fragrances Inc. (US), Kerry Group PLC (Ireland), and DSM (Netherlands) are Projected to Dominate the Market Due to their Innovative Product and Technology Based Development to Provide High-Quality Health Ingredients in Health Ingredients Market

The market for health ingredients is estimated at USD 100.5 billion in 2022; it is projected to grow at a CAGR of 7.8% to reach USD 146.3 billion by 2027. One of the major reasons for the increase in demand for health food ingredients is the increasing vegan population. Veganism has increased the demand for health supplements and organic food products, inadvertently increasing the demand for health food ingredients.

The health ingredients market consists of a few globally established players such as Archer Daniels Midland Company (ADM) (US), Associated British Foods PLC (UK), International Flavors & Fragrances Inc. (US), Kerry Group PLC (Ireland), DSM (Netherlands), BASF SE (Germany), Cargill Incorporated (US), Ingredion (US), Arla Foods (Denmark), Tate & Lyle (UK), Lonza (Switzerland), Royal FrieslandCampina N.V. (Netherlands), Glanbia PLC (Ireland), CHR Hansen Holdings A/S, (Denmark), and Probi (Sweden). Strategic partnerships were the dominant strategy adopted by the key players, followed by expansions and new product launches. These strategies have helped them to increase their presence in different regions and industrial segments.

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Archer Daniels Midland Company (ADM) produces food & beverage ingredients, feed & feed ingredients, industrial ingredients, biofuels, and naturally derived alternatives to industrial chemicals. It operates through four segments:

• Agriculture services & oilseeds: activities related to the agricultural raw material origination, marketing, transportation, and storage, as well as crushing and further processing of oilseeds.
• Carbohydrate solutions: engaged in corn and wheat wet and dry milling and other activities.
• Nutrition: food, beverages, nutritional supplements, and feed and premix for livestock, aquaculture, and pet food are all served by the Nutrition segment. Plant-based proteins, natural flavors, flavor systems, natural colors, emulsifiers, soluble fiber, polyols, hydrocolloids, probiotics, prebiotics, enzymes, botanical extracts, and other specialty food and feed ingredients are among the ingredients and solutions manufactured, sold, and distributed by this segment.
• Other: other businesses include the company’s remaining operations such as Investor Services, Insurance activities, and more

In addition, the company offers health ingredients through the nutrition business segment, which is further categorized into human nutrition and animal nutrition subsegments. It operates in more than 170 countries and has 44 innovation centers, around 500 crop procurement facilities, and 270 food & feed ingredient manufacturing facilities, where cereals, grains, and oilseeds are processed into products used in the food, beverage, nutraceutical, industrial, and feed sectors. The company has a presence across Europe, Asia Pacific, Africa, South America, and North America. Some of their facilities span six continents:

• Asia Pacific: 8 Innovation Centers, 25 Processing Plants, and Procurement Centers
• South America: 5 Innovation Centers, 39 Processing Plants, and 69 Procurement Centers
• Europe, Middle East & Africa: 20 Innovation Centers, 81 Processing Plants, and 114 Procurement Centers
• North America: 29 Innovation Centers, 182 Processing Plants, and 278 Procurement Centers

Associated British Foods PLC is a highly diversified group with a wide range of food and ingredient businesses and a flagship retail brand, Primark. The company has been in the food and ingredient business for eight decades and operates in 53 countries across Europe, South Africa, North America, South America, Asia, and Australia. It has five business segments: sugar, agriculture, retail, grocery, and ingredients. The company offers health ingredients through the ingredients segment.

The ingredients segment is further classified into two specialty ingredients businesses—AB Mauri (UK) and ABF Ingredients (UK).

• ABF Ingredients manufactures specialty ingredients and value-added products for the food, nutrition, pharmaceutical, and feed industries. It comprises six groups of ingredients companies: AB Enzymes (Germany), ABITEC (US), Fytexia Group (France), Ohly (Germany), PGP International (US), and SPI Pharma (US)
• AB Mauri is a yeast and bakery ingredients business with significant market positions in the Americas, Europe, and Asia. It supplies bakery ingredients, bread improvers, dough conditioners, and bakery mixes to industries across the globe. It has over 52 plants, operations in 32 countries, and sales in over 100 countries

International Flavors & Fragrances Inc. is an industry leader in food, beverage, health, biosciences, and sensorial solutions. The company has four business segments: Nourish, Health & Bioscience, Scent, and Pharma Solutions. IFF Health & Bioscience was formerly DuPont Nutrition & Bioscience, which the company merged in 2021. It offers health ingredients through its health & bioscience business segment. The company has over 110 manufacturing facilities, 100 R&D centers, and customers worldwide, covering Asia, Europe, Africa, and the Americas.

Related Reports:

Health Ingredients Market by Type (Vitamins, Minerals, Probiotics starter culture, Prebiotics, Nutritional Lipids, Functional Carbohydrates, Plant and Fruit Extracts, Enzymes, Proteins), Application, Source, Function and Region - Global Forecast to 2027

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