The health ingredients market is projected to grow at a CAGR of 6.96%, in terms of value, from 2016 to reach a projected value of USD 101.32 Billion by 2022. The shift in consumer preference from nutrition-based to health-specific food, increasing incidences of chronic disease, and the rise in demand for fortified food & beverage products are the factors driving the health ingredients market. Increasing awareness and rising demand for function specific food among the global population fuels the demand for health ingredients.
The health ingredients market has been segmented on the basis of type, application, source, function, and region. On the basis of type, the market has been segmented into vitamins, minerals, prebiotics, nutritional lipids, probiotic starter cultures, functional carbohydrates, plant & fruit extracts, enzymes, and proteins. Amongst type, probiotic starter cultures are the fastest growing segment. Manufacturers can grab opportunities in the segment by strategic collaboration with the research institutes working on probiotic culture research and introduce new probiotic strains in the market.
Changing lifestyles, shifting preference toward a healthy diet, and increasing demand from health-specific food containing specialty ingredients led to the growth of the health ingredients market. The pharmaceuticals segment is projected to grow at the highest CAGR of from 2017 to 2022, followed by the animal feed segment during the forecast period.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=69194289
Europe accounted for the largest share for the global health ingredients market, in terms of value, in 2016. This is due to the wide consumption of proteins, probiotics, functional lipids, and other health ingredients in different applications. However, the health ingredients market in the Asia-Pacific region is projected to grow at the highest CAGR. The demand for health ingredients is increasing due to the rising preference of consumers to consume a healthy diet and the increasing demand for function-specific food.
The consumer movement towards prevention and the convergence of nutrition with specialty health and pharmaceutical ingredients is beginning to attract the attention of major pharmaceutical players with substantial investments likely to follow. Thus, manufacturers can grab the opportunity by tapping markets with the strategic expansion of R&D and joint ventures with local raw material manufacturers in developing regions such as the Asia Pacific and Rest of the World.
The leading players that dominated the health ingredients market include, Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Kerry Group plc (Ireland), Associated British Foods plc (U.K.), and Arla Foods (Denmark).
The key players have been exploring the market in new regions by adopting acquisitions, expansions, investments, new product launches, agreements, and joint ventures as their preferred strategies. Key players have been investing into intensive R&D activities and also adopting expansions and acquisitions as a mode to enhance their product offerings and capture a larger market share, thus increasing the demand for health ingredients.
Request for a new version of health ingredients market report@ https://www.marketsandmarkets.com/RequestNewVersion.asp?id=69194289
