Global Health Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Health Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Health ingredients can be defined as a class of food ingredients that offer specific health benefits and also help in the treatment or prevention of health conditions. The major health ingredients used are vitamins, proteins, probiotics, prebiotics, functional carbohydrates, enzymes, minerals and nutritional lipids.

Market Overview:

The latest research study on the global Health Ingredients market finds that the global Health Ingredients market reached a value of USD 79965.6 million in 2022. It’s expected that the market will achieve USD 121699.01 million by 2028, exhibiting a CAGR of 7.25% during the forecast period.

Rising consumer awareness

The shift in consumer preference from nutrition-based to health-specific food, increasing incidences of chronic disease, and a 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. Increasing consumer awareness surging the demand for health ingredients in North America. Growing health awareness among consumers is expected to shift their focus toward nutritional and healthy diets. Rising health complications such as diabetes, cardiovascular problems, and obesity, particularly among the younger generation, have prompted a shift in dietary trends towards a healthy and nutritional diet. The increasing vegan population is also one of the major reasons responsible for the increase in demand for health ingredients. Increased veganism has led to increased demand for health supplements and organic food products, which inadvertently leads to increased demand for health ingredients.

Development of Animal Feed Industry

In the feed industry, different kinds of Health Ingredients are processed into feed additives, and then the feed additives are added to the feed. Feed additives have obvious effects on strengthening the nutritional value of basic feed, improving animal production performance, ensuring animal health, and improving the quality of animal products. Global population expansion and economic development have given birth to industrial farming, which relies on scientific feed solutions to improve efficiency, thereby promoting the use of feed additives in feed and the development of the feed additive industry. Feed additives are added during feed production, processing and use, and are used in small amounts in feed but have significant effects. The feed additive industry is the upstream of the feed industry, and the development of the feed industry directly affects the development of the feed additive industry. The new demand for meat products brought about by the expansion of the world population, and the increased per capita demand for meat products due to the improvement of the economic level have all promoted the development of the aquaculture industry, thereby driving the development of the feed and feed additive industry. In the long run, the feed additive industry still has broad prospects for development. Therefore, the development of the Animal Feed industry will bring development opportunities for Health Ingredients.

Region Overview:

In 2021, the share of the Health Ingredients market in United States stood at 35.20%.

Company Overview:

The major players operating in the Health Ingredients market include Archer Daniels Midland Company, Koninklijke DSM N.V., Kerry Group plc, Cargill, Ingredion Incorporated, etc. Among which, Archer Daniels Midland Company ranked top in terms of sales and revenue in 2022.

Archer Daniels Midland Co (ADM) produces, processes, transports, stores, and merchandizes agricultural products, commodities, and ingredients. The company produces food and beverage ingredients, and other products made from oilseeds, corn, wheat, and other agricultural commodities. ADM's products portfolio includes natural flavors and color, health and nutrition products, vegetable oil, corn sweeteners, flour, animal feed, and biofuels. The company stores, cleans and transports agricultural commodities such as oilseeds, corn wheat, milo, oats, barley, and other products derived from these.

Koninklijke DSM NV engages in the manufacturing and sale of nutritional and pharmaceutical ingredients, and industrial chemicals. It operates through the following segments: Nutrition, Materials, and Innovation Center. The Nutrition segment comprises of the DSM Nutritional Products and DSM Food Specialties business groups. The Materials segment includes DSM Engineering Plastics, DSM Dyneema, and DSM Resins & Functional Materials. The Innovation Center segment enables and accelerates the innovation power and speed of its core businesses.

Segmentation Overview:

As for product types, the Natural segment held the largest market share in 2021.

Synthetic refers to industrial production through various methods, ranging from a wide range of ingredients to mimic the structure and function of natural forms. Generally speaking, Synthetic is more economical. Most vitamins are Synthetic.

Natural is readily found in nature, mostly in complex forms. As the demand for clean labels increases, so does the interest in natural ingredients. Specifically including natural vitamins, minerals, plant extracts and so on.

Fermentation is a metabolic process that produces chemical changes in organic substrates through the action of enzymes. Fermented includes enzymes, probiotics, and more.

Application Overview:

By application, the Food segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Health Ingredients market covered in Chapter 3:

Koninklijke DSM N.V.
BASF SE
Glanbia Plc
FrieslandCampina Ingredients
Arla Foods Ingredients
Corbion N.V
Roquette Frères
Ingredion Incorporated
Archer Daniels Midland Company
IFF
Lonza Group
Associated British Foods plc
Tate & Lyle PLC
Cargill
Kerry Group plc

In Chapter 4 and Chapter 14.2, on the basis of types, the Health Ingredients market from 2018 to 2029 is primarily split into:

Synthetic
Natural
Fermented

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Health Ingredients market from 2018 to 2029 covers:

Food
Beverages
Pharmaceuticals
Animal Feed
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)