The Future of Health Ingredients: Market Insights and Forecasts
The global health ingredients market is poised for significant growth, with an expected compound annual growth rate (CAGR) of 7.8% from 2022 to 2027. The market is projected to increase from $100.5 billion in 2022 to $146.3 billion by 2027. This growth is driven by evolving consumer preferences and technological advancements in personalized nutrition, which have made it possible to develop more targeted...
Health Ingredients Market Dynamics & Global Forecast to 2027
The global Health Ingredients market 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. The food and beverage industry has embraced the use of healthy ingredients on a large scale, driving the market’s growth.
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Driver: Rising Prevalence of Chronic Diseases
The global prevalence of chronic diseases...
Factors Driving the Health Ingredients Market in Years to Come
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...