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Health ingredients market is projected to grow at a CAGR of 6.96% in terms of value.
The health ingredients market is estimated to be valued at USD 72.40 billion in 2017, and is projected to reach USD 101.32 billion by 2022, at a CAGR of 6.96% from 2017 to 2022. Globally, the rising demand for food products with healthspecific ingredients, rise in consumer preference towards a healthy diet, increasing aging population, and increasing application of health ingredients by various end user functional food manufacturing industries such as food beverage, animal feed, pharmaceutical, and personal care are some of the factors driving the growth of the health ingredients market. Lack of awareness about health ingredients such as probiotics and prebiotics in developing economies and adherence to stringent international quality standards and regulations by various regulatory authorities are the factors limiting the growth of health ingredients market.
Pharmaceuticals segment is projected to be the fastestgrowing segment in the health ingredients market.
Increasing health care costs and increasing number of noncommunicable chronic disease are the major factors fueling the market demand for health ingredients. Consumers are seeking for consumption of functionspecific supplements such as gut health supplements, heart health supplements, and brain health supplements, which is fueling health ingredients' demand from pharmaceutical applications. The pharmaceuticals segment is projected to grow at highest CAGR.
Microbial source segment is projected to be the fastestgrowing segment in the health ingredients market
Rising demand for microbialbased health ingredients such as prebiotics, probiotic starter cultures, and enzymes coupled with the increasing R D investment in the field of microbial stain development are expected to drive the fastest growth of the microbial segment. The microbial segment is expected to grow at highest CAGR.
AsiaPacific is projected to be the fastestgrowing region in the health ingredients market.
Asia Pacific is projected to be the fastestgrowing market for health ingredients. Increasing consumer awareness, consumer shifts towards healthy diet habits, and growing aging population coupled with government initiative of food fortification are the factors fueling the high growth of the AsiaPacific region.
Breakup of primaries:
By Company Type: Tier 1 20 %, Tier 2 35%, and Tier 3 45%
By Designation: C level 35%, Director level 25%, and Others 40%
By Region: North America 20%, Europe 25%, AsiaPacific 40%, and RoW 15%
The health ingredients market is dominated by key players such as Archer Daniels Midland Company U.S., Associated British Foods U.K., E. I. du Pont de Nemours and Company U.S., Koninklijke DSM N.V. The Netherlands, BASF SE Germany, and Kerry Group plc Ireland.
The report analyzes the health ingredients market across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments such as parameter, product type, objective, and region. Furthermore, the report also includes an indepth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall health ingredients market and submarkets. This report will help stakeholders to better understand the competitive landscape and gain more insights to better position their businesses and make suitable gotomarket strategies. The report also helps the stakeholders to understand the market and provides them information on key market drivers, restraints, challenges, and opportunities.
Original Article: Health Ingredients Market by Type Vitamins, Minerals, Prebiotics, Nutritional Lipids, Functional Carbohydrates ,Plant and fruit extracts, Enzymes, Probiotic Starter Cultures, Proteins, Application , Source ,and Region Global forecast to 2022 [Report UpdaNEXT ARTICLE
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