The Global Health Ingredients Market is accounted for $68.95 billion in 2016 and is expected to reach $122.56 billion by 2023 growing at a CAGR of 8.5% during the forecast period.
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Increasing demand for fortified food & beverage products and rising occurrence of chronic disease are some of the key factors favouring the market growth.
However, lack of awareness regarding health ingredients in emerging nations is hampering the market. One of the major opportunities in the market is raising incidence of obesity-related health issues.
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Europe accounted for largest market share attributed to the presence of a large food & beverage sectors in this region. Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to the increasing occurrence of chronic diseases and growing healthcare costs.
Some of the key players in Health Ingredients market include Tate & Lyle PLC, E. I. Du Pont De Nemours and Company, BASF SE, Arla Foods Amba, Royal Frieslandcampina N.V., Associated British Foods PLC, Ingredion Incorporated, Kerry Group PLC, Lonza Group Ltd., Archer Daniels Midland Company, Cargill and Koninklijke Dsm N.V.
Probiotics Stater Cultures
Plant & Fruit Extracts
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Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
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