Asia-Pacific to Lead Global Health Ingredients Market Expansion
The global health ingredients market is poised for significant growth, with a predicted CAGR of 7.8% between 2022 and 2027, reaching a value of $146.3 billion from $100.5 billion in 2022. This growth is driven by advances in personalized nutrition and nutrigenomics, allowing for the development of products that support immunity, digestion, mental health, beauty, and cardiovascular health.
Driving Forces: Chronic Disease Prevalence
Increasing instances of chronic illnesses, driven by aging populations and sedentary lifestyles, are a major growth driver. According to the CDC, 6 in 10 US adults have a chronic disease, with heart disease, cancer, stroke, COPD, and diabetes making up the majority of deaths. Similar trends are observed globally, especially in developing nations.
Opportunities: Plant-Based Health Ingredients
The shift towards plant-based diets is creating significant opportunities. Consumers increasingly seek clean-label products and are moving from veganism to flexitarianism, boosting the herbal supplements market. The growing trend of plant-based protein and botanical ingredients will continue to drive the market.
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Regional Focus: Asia-Pacific
The Asia-Pacific region is projected to have the highest CAGR due to rapid urbanization and rising instances of chronic illnesses. The demand for dietary supplements and functional foods is expanding, making it a pivotal area for health ingredients market growth.
Probiotics: A Growing Segment
Probiotic starters are gaining popularity for their role in gut health and immunity. Surveys indicate significant increases in probiotic usage across the US, Italy, and China, making this segment one of the fastest-growing in the health ingredients market.
Plant-Based and Food Segments
Plant-based foods are seeing substantial growth due to increased health awareness and veganism. The food segment is leading in application share due to rising consumer demand for health-conscious, convenient products.
With advances in nutrition and an aging global population, the health ingredients market is well-positioned for robust growth across diverse consumer needs and geographical markets.
Leading Companies
Top health ingredients companies include Archer Daniels Midland, Associated British Foods, International Flavors & Fragrances, Kerry Group, DSM, BASF, Cargill, Ingredion, Arla Foods, Tate & Lyle, Lonza, Royal FrieslandCampina, Glanbia, CHR Hansen Holdings, and Probi. Strategic partnerships and expansions dominate their growth strategies.
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