Market Size of Health Ingredients Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.87 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Health Ingredients Market Analysis
The global health ingredients market is projected to grow at aCAGR of 5.87% during the forecastperiod (2020- 2025)
- Consumers across the globe are looking for food and beverage products with proven health benefits. Moreover, they are taking a more holistic view of health, wellness, and nutrition which is pushing the demand for health ingredients. Ingredients such as vitamins, omega-3, and omega-6, probiotics among others are on the priority list of consumers attributable to their expanded health benefits.
- For example, the consumption ofomega-3 fatty acid-based supplements and food products is widely promoted globally because of a common belief that that it will protect against heart diseases like cardiovascular disease, which is the leading global cause of death and accounted for more than 17.6 million deaths per year in 2016. Apart from heart diseases, omega-3 fatty acids (EPA and DHA) are used for bone, cognitive, and brain health supplements.
