Global Health Food Ingredients Market Insights
The global health foods ingredients market is expected to grow at a significant CAGR during the forecast period. Factors such as growing consumption of nutritive foods and awareness about a healthier lifestyle and diet are likely to have a positive impact on growth in the health food ingredients market. Health food ingredients are used extensively in manufacturing of a variety of foods and beverages. Higher disposable income of individuals in developed countries is also estimated to boost demand for health food ingredients during the forecast period.
However, the high cost of these ingredients is estimated to hinder market growth in developing and less developed countries owing to lower disposable income and lack of accessibility.
Global Health Food Ingredients Market: By Type
The health food ingredients market can be classified into probiotics, proteins & amino acids, phytochemical & plant extracts, prebiotics, fibers & specialty carbohydrates, omega-3 fatty acids, carotenoids, vitamins and minerals. The prebiotics segment is projected to grow at the highest CAGR owing to their growing popularity and vast applications. Prebiotics facilitate mineral absorption and is used to improve bone strength. The proteins segment is estimated to hold the largest market share in terms of revenue.
Global Health Food Ingredients Market: By Source
The market can be classified on the basis of source into natural and synthetic. The natural source segment is estimated to hold the larger market share in terms of revenue and is projected to grow at the highest CAGR. This can be attributed to growing consumer awareness about using foods sourced through natural sources. Benefits associated with using natural ingredients are expected to drive the market.
Global Health Food Ingredients Market: Regional Insights
North America is expected to dominate the global health food ingredients market. Consumer demand for healthy food and higher disposable income of the population are some factors estimated to have a positive impact on the market. The South American health food ingredients market is estimated to grow at the highest CAGR owing to developments in its food processing industry. Asia Pacific is also expected to hold a significant market share in the health food ingredients market.
Global Health Food Ingredients Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Global Health Food Ingredients Market Share & Competitor Analysis
Some of the key players operating in the Health Food Ingredients markets are Cargill, BASF SE, Dowdupont, Archer Daniels Midland Company, Arla Foods, Kerry Group, Ajinomoto, Koninklijke DSM N.V., Tate & Lyle, Ingredion Incorporated, Roquette Frères, and Kemin Industries among others.
In October 2018, Arla Foods announced the launch of ‘Protein Extreme’- a whey shot concept made exclusively with whey protein.
In May 2017, BASF announced a partnership with Aenova and Kappa for the launch of a new dietary supplement with Vegapure which is the only plant sterol ester officially approved for use in food supplements within the EU.
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