The global Health Ingredients market is estimated to be valued at USD 100.5 billion in 2022, and it is expected to grow at a CAGR of 7.8% to reach USD 146.3 billion by 2027. The market's growth is primarily driven by the widespread adoption of healthy ingredients in the food and beverage industry.
One of the major drivers of this market is the rising prevalence of chronic diseases worldwide. Factors such as an aging population, changes in lifestyle behaviors, and the expanding middle class contribute to the increasing instances of long-term health conditions. Urbanization and sedentary lifestyles are leading to higher obesity rates and the development of diseases like diabetes. This trend is particularly concerning for emerging markets with growing populations.
According to the CDC's National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), in 2022, six out of ten adults in the US are affected by at least one chronic disease. Heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes are among the leading causes of death, accounting for more than two-thirds of all mortalities. These statistics highlight the urgent need for effective strategies to combat chronic illnesses on a global scale.
In the forecast period, the Asia Pacific (APAC) region is expected to hold the highest market share. With a significant population of millennials actively focused on fitness, the APAC region presents tremendous growth opportunities for health ingredients. This population’s strong inclination towards innovative products and their reliance on dietary supplements to achieve optimal nutrition contribute to the region’s potential.
The key players in the Health Ingredients market include Archer Daniels Midland Company (ADM), Associated British Foods PLC, International Flavors & Fragrances Inc., Kerry Group PLC, DSM, BASF SE, Cargill Incorporated, Ingredion, Arla Foods, Tate & Lyle, Lonza, Royal FrieslandCampina N.V., Glanbia PLC, CHR Hansen Holdings A/S, and Probi. These companies have implemented strategies such as strategic partnerships, expansions, and new product launches to strengthen their presence in different regions and sectors.
