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.
To know about the assumptions considered for the study download the pdf brochure
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:
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:
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).
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.
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
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE