Health Ingredients Market - Forecast(2023 - 2028)

Health Ingredients Market Overview

Health Ingredients Market Size is estimated to reach $117.3 billion by 2027. Furthermore, it is poised to grow at a CAGR of 7.1% over the forecast period of 2022-2027. Consumers all around the world are seeking food and beverage items that have been scientifically verified to have health advantages. In addition, they are adopting a more holistic approach to health, wellbeing, and nutrition, which is driving the demand for healthy ingredients. Fatty acids, probiotics, prebiotics, protein, nutritional lipids, and functional carbohydrates, among other ingredients, are high on the priority list of customers resulting in greater health advantages. Consumption of omega-3 fatty acid-based supplements and food products, for example, is widely promoted around the world in the belief that something protects against heart diseases such as cardiovascular disease, which is the leading cause of death worldwide, accounting for more than 17.6 million deaths per year in 2019. Omega-3 fatty acids (EPA and DHA) are employed for bone and brain health in addition to heart problems.

The demand for health components such as omega-3, vitamins, omega-6, and probiotics is rapidly expanding as consumers focus more on fitness, wellbeing, and nutrition from a holistic perspective. Furthermore, an increase in consumers seeking products with extra functional benefits and claim substantiation to satisfy their unique health needs are some of the factors driving the Health Ingredients Market growth during the forecast period 2022-2027.

Report Coverage

The report: “Health Ingredients Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Health Ingredients Market.

By Product Type- Vitamins and Minerals, Omega PUFA, Probiotics & Prebiotics, Amino Acids, Proteins & Peptides, Fibres, Botanical Extracts and Others.
By Application- Bakery, Candy, Snacks, Milk Beverages, Fruit Juice, Others.
By Distribution Channels- Hospital Pharmacy, Retail Pharmacy, and Others.
By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

• Geographically, North America held a dominant market share in the year 2021 on account of the increasing prevalence of musculoskeletal disorders, highly informed people knowing the benefits of Health Ingredients and high healthcare expenditure. Asia-Pacific is estimated to offer lucrative growth opportunities to the manufacturers owing to the increasing demand for Health Ingredients.
• The growing prevalence of musculoskeletal disorders is estimated to drive the market growth of the Health Ingredients Market. Owing to the side effects of Health Ingredients, the market’s growth might get impeded.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Health Ingredients Market Report.

Health Ingredients Market Segmentation Analysis- By Product type

Health Ingredients Market based on product type can be further segmented into Vitamins and Minerals, Omega PUFA, Probiotics & Prebiotics, Amino Acids, Proteins & Peptides, Fibres, Botanical Extracts. Vitamins and Minerals held a dominant market share in the year 2021 and is estimated to be the fastest-growing, with a CAGR of 8.6% over the forecast period of 2022-2027 owing to its benefits like immunity boosting. According to NIH 2019, Vitamins and Minerals are nutrients that our bodies require in order to develop and operate properly. A, C, D, E, and K, as well as the B vitamins thiamine (B1), riboflavin (B2), niacin (B3), pantothenic acid (B5), pyridoxal (B6), cobalamin (B12), biotin, and folate/folic acid, are all recognized vitamins. Calcium, phosphorus, potassium, sodium, chloride, magnesium, iron, zinc, iodine, sulphur, cobalt, copper, fluoride, manganese, and selenium are all vital minerals for good health.

According to NCBI, in 2021, Vitamin C has antiviral characteristics that include boosting interferon-alpha production, regulating cytokines, lowering inflammation, alleviating endothelial dysfunction, and restoring mitochondrial function. Vitamin D is a steroid that has antioxidant and anti-inflammatory effects. It contributes to the proper calcium-phosphorus metabolism. Vitamin D has been shown to decrease the upregulation of inflammatory cytokines such as IL-1, IL-1, and tumour necrosis factor-alpha. Hence, Vitamins and minerals are dominating the market.

Health Ingredients Market Segmentation Analysis- By Application

Health Ingredients Market based on the application can be further segmented into Functional Bakery, Candy, Snacks, Milk Beverages, Fruit Juice, and Other. The Milk Beverages segment held a dominant market share in the year 2021 and is estimated to be the fastest-growing, with a CAGR of 8.9% over the forecast period of 2022-2027 owing to rising demand for milk and milk-related products. Vitamin D, calcium, potassium, magnesium, and vitamin A are all found in abundance in these beverages. As a result, they can give beneficial nourishment and aid in the reduction of nutritional deficiencies. Whey-based beverages, cereal-based beverages, and milk-based malted health drinks are all examples of milk-based beverages. Several Kombucha starters are used to create milk-based drinks. World milk production has climbed by more than 60% in the previous three decades, from 530 million tonnes in 1988 to 852 million tonnes in 2019.

According to FAO, in 2020, Milk production is carried out by around 150 million families throughout the world. Developing nations have grown their proportion of global dairy output in recent decades. Thus, milk beverages are dominating the market

Health Ingredients Market Segmentation Analysis- By Geography

The Health Ingredients Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 33% in the year 2021 as compared to its other counterparts on account of the rising prevalence of musculoskeletal disorders owing to vitamin and supplement deficiency. However, Asia-Pacific is estimated to be the fastest-growing, over the forecast period of 2022-2027 on account the majority of the population in this region is vitamin and mineral deficient, leading makers of dietary supplements, functional foods and drinks have a chance to expand their footprints and reinforce their position as a regional market leader. Malnutrition, viral and diarrheal disease, and respiratory sickness are all linked to vitamin A deficiency. Also, Xerophthalmia (abnormal dryness of the eyes) affects 5 to 10 million children each year, with 500,000 instances resulting in visual loss. Moreover, Subclinical vitamin A insufficiency affects over 100 million children worldwide, with over one million deaths each year.

Health Ingredients Market Drivers

Arthritis Patients Consider Natural Health Ingredients to be Highly Effective is Enhancing the Industry

Global populations are ageing, and with that comes an increased risk of acquiring disorders of the bones and joints. Musculoskeletal disorders are the biggest cause of morbidity throughout the world, resulting in a high reliance on supplements and other therapeutic approaches. Vitamins and minerals, such as calcium, vitamin D, and vitamin C, are widely eaten to minimise the chance of developing bone and health problems. Vitamin D is necessary for the development of strong, healthy bones and teeth. According to the CDC, arthritis affects 24% of all adults in the United States or 58.5 million individuals in 2021. It is one of the most common causes of work incapacity. Moreover, according to the American orthopaedic association 2020, Vitamin D is necessary for the formation, maintenance, and operation of the musculoskeletal system. Vitamin D levels that are adequate are linked to higher bone mineral density, fewer osteoporotic fractures, and better neuromuscular performance. Vitamin D insufficiency is spreading across the United States, even among those who have never been classified as “at-risk”. Vitamin D insufficiency is becoming more common not just among patients with known risk factors, such as African-American or Mexican-American ethnicity, obesity, or diabetes, but also among younger people and those with no history of cancer. Hence, the rising prevalence of diseases owing to vitamin deficiency is driving the market.

Rising usage of healthy ingredients in sports drives market growth

Sports supplements (also known as ergogenic aids) are nutritional supplements that comprise vitamins, minerals, amino acids, herbs, or botanicals (plants) in any concentration, extract or combination. These items are often accessible without a prescription over the counter. Tablets, capsules, liquids, powders, and bars are some of the dietary supplements available to help with exercise and sports performance. Many of these items contain a variety of components in varying quantities and combinations. Moreover, whey supplements were consumed by 40% of gym-goers in India in 2019, according to MuscleBlaze. Furthermore, as more people participate in sports activities and events, fitness enthusiasts are using supplements to improve their endurance, strength, and stamina. Amino acids, protein, creatine, and caffeine are some of the most frequent constituents. Hence, the Rising use of healthy ingredients in sports driving the market.

Health Ingredients Market Challenges

Side effects owing to High Doses of Health Ingredients restrain the market growth

Patients with vitamin A & D poisoning experience hypercalcemia symptoms such as nausea, dehydration, and constipation, as well as hypercalciuria symptoms such as polyuria and kidney stones. In a Canadian national survey, over 80% of children aged 1-3 years who took dietary supplements consumed vitamin A and niacin at levels above the upper limit. In the U.S., excessive intake was noted for vitamin A (97%) and zinc (68%) among toddlers who were given supplements. High-quality evidence is lacking on the long term adverse effects of excess intake of several nutrients so it is unclear whether this is a cause for concern. Excessive use of animal dietary sources, such as liver or fish oil, as well as preformed vitamin A pills, raises the risk of vitamin A toxicity since many multivitamins contain both preformed and provitamin A. Therefore, toxicity owing to healthy ingredients is restraining the market.

Health Ingredients Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Health Ingredients Market. The top 10- Health Ingredients Market companies are-

1. Archer Daniels Midland Company
2. Associated British Foods
3. E. I. du Pont de Nemours and Company
4. Koninklijke DSM N.V.
5. BASF SE
6. Kerry Group plc
7. Associated British Foods plc
8. Arla Foods
9. NutraMarks Inc.
10. Pharmavite LLC

Recent Developments

• In April 2022, Bioberica announced the launch of a new ingredient and products at “Vita-Foods”. The former company is a life-science pioneer, and their announcement would introduce two near health-area food coverage digestive health upliftment and enhancement of skin and beauty. Additionally, a range of functional ingredients for food applications will be introduced, a form which will help in type-II collagen ingredient joint-health upliftment.
• In April 2022, the Kerry group announced their innovation for BC-30 or Bacillus Coagulans GBI030, 6086. The former was only available in powder format, however, with innovation in liquid format- the product reach for functional and healthy beverages can be touched, thereby portraying a significant boost for the healthy ingredient market. The studies for the same are now supported by around 25 digestive health benefits, immune health upliftment, and others.
• In October 2020, Archer Daniels Midland Company launched PlantPlus Foods, a joint venture between Marfrig and ADM, after receiving regulatory clearances. PlantPlus Foods will offer a comprehensive range of completed plant-based food products across North and South America, supported by unrivalled technology, size, and experience.

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