Thursday, November 30, 2017

Health Ingredients Market worth 101.32 Billion USD by 2022, Key dynamics driving the demand of Health Ingredients Market in the global Food and Beverage Industry

The report "Health IngredientsMarket 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", In 2016, the health ingredients market was valued at USD 67.98 Billion and projected to reach USD 101.32 Billion by 2022, growing at a CAGR of 6.96% from 2017 to 2022.

The market is driven by shift in consumer preference from nutrition-based to health-specific food and increasing incidences of chronic disease. Moreover, growing research & development activities and rising demand for fortified food & beverage and animal feed applications are also driving the market.

Prebiotic starter cultures is projected to be the fastest growing segment
The prebiotic starter cultures segment is expected to be the fastest growing segment in the health ingredients market during the forecast period 2017-2022, due to increasing consumer awareness about various health benefits of consumption of probiotics. The multifunctionality of probiotics finds broad spectrum of applications such as animal feed, dairy beverages, and gut health function-specific food products.

Plant-based health ingredients are most widely preferred
The plant segment accounted for the largest share in the health ingredients market, in terms of value, in 2016. Plant-based health ingredients are a major source of vitamins, proteins, and other health ingredients for vegans and for the consumers with allergy with various animal derived ingredients, worldwide. High nutritional profile, low carbon footprint, and easy availability of plant- and vegetable-based health ingredients are significantly driving the consumption of these health ingredients.

1.     Shift in Consumer Preference From Nutrition-Based to Health-Specific Food
2.     Increasing Incidences of Chronic Disease
3.     Rise in Demand for Fortified Food & Beverage Products
4.     R&D and Expansion of Production Capacity to Enhance Applicability & Accelerate Growth

1.     Adherence to Stringent International Quality Standards and Regulations
2.     Lack of Awareness About Health Ingredients Such as Probiotics and Prebiotics in Developing Economies

1.     Tapping Markets in Developing Economies
2.     Increasing Incidences of Obesity-Related Health Issues
1.     Pricing Complexities Related to Newly Introduced Health Ingredients in the Market

The leading players that dominated the health ingredients market include, Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Kerry Group plc (Ireland), Associated British Foods plc (U.K.), and Arla Foods (Denmark).

Scope of the Report

On the basis of Type, the health ingredients market has been segmented into:
  • Vitamins
  • Minerals
  • Prebiotics
  • Nutritional lipids
  • Probiotic stater cultures
  • Functional Carbohydrates
  • Plant & fruit extracts
  • Enzymes
  • Proteins

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On the basis of Source, the health ingredients market has been segmented into:
  • Plant
  • Animal
  • Microbial
  • Synthetic
On the basis of Application, the health ingredients market has been segmented into:
  • Food
  • Beverages
  • Pharmaceuticals
  • Animal feed
  • Personal care
On the basis of Region, the health market has been segmented into:
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Target Audience:
The report is targeted toward the existing players in the industry, which include:
  • Health ingredients manufacturers
  • Health ingredients importers and exporters
  • Traders, distributors, and suppliers
  • Functional foods, nutraceuticals and dietary supplements manufacturers
  • Convenience foods, snacks manufacturers

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