Food Supplement Ingredients Market size is projected to depict over 7% CAGR from 2032-2032, propelled by the rising development of functional food & beverage products worldwide.
Of late, researchers are continually exploring diverse sources, such as plants, marine organisms, and microorganisms for identifying new bioactive compounds to render potential health benefits. The ongoing R&D efforts to introduce new ingredients and formulations as well as advanced technologies are also driving innovations in food supplement ingredients. For instance, in October 2023, a clinical trial funded by Pukka Herbs Ltd. suggested that a combination of nine herbal ingredients can increase the speed of cognitive task performance. The growing development of personalized nutrition solutions will also prove favorable for the market expansion.
The food supplement ingredients industry is segmented based on product, form, end-use and region.
With respect to form, the market share from the tablets segment is anticipated to witness robust CAGR through 2032. Food supplement tablets are increasingly preferred by individuals with busy schedules due to their convenient and portable form for delivering essential nutrients as they are easy to carry, store, and consume. The rapidly aging population with specific nutritional needs coupled with the subsequent demand for food supplement tablets to address age-related nutrient deficiencies will also contribute to the segment growth.
In terms of distribution channel, the food supplement ingredients industry value from the children segment is expected to grow exponentially up to 2032. This can be attributed to the greater desire for ensuring that children receive adequate nutrition for development, growth, and overall well-being. Food supplement ingredients are formulated in child-friendly formats like flavored chewable tablets, gummies, and liquid formulations. The growing unique nutritional requirements in certain life stages, such as infancy and adolescence will also boost the market expansion.
Regionally, the Asia Pacific food supplement ingredients market is estimated to expand at significant growth rate through 2032 driven by the surge in government initiatives for promoting health and wellness across the region. The increasing awareness of health and wellness is driving the demand for several natural and plant-based ingredients in food supplements. The strong presence of regulatory frameworks, the growth of the e-commerce sector and the rising preference for personalized nutrition will drive the regional market growth.