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Human Nutritional Ingredients are natural chemicals that offer health benefits beyond basic nutrition. In food, supplements, and functional foods, they can be found. Examples of nutritional components include omega-3 fatty acids, probiotics, prebiotics, vitamins, curcumin, polyphenols, etc.
The Human Nutritional Ingredients market showcased growth at a CAGR of 3.71% during 2018-2021. The market was valued at USD 7297.65 Million in 2021 which is expected to reach USD 10692.45 Million in 2028. The growing health consciousness and rise in incidences of chronic diseases across the globe are contributing to the increasing consumer interest in nutrition.
The Global Human Nutritional Ingredients Market is expected to grow in the forecast period and register a market value of USD 10692.45 Million in 2028 at a CAGR of 6.04% during the forecast period. The growing prevalence of various diseases due to unhealthy eating, rising demand for fortified food products, rising disposable income, and growing health consciousness and demand for nutritional supplements are the major driving factors that are accelerating the overall market growth of the Global Human Nutritional Ingredients Market.
Consumers are now getting more aware of the potential benefits of various ingredients on health & wellness; fortified food & beverages with more nutritional density are more in demand. According to DSM, the COVID-19 pandemic has led to increased awareness of immunity and health & wellness. Also, increasing healthcare costs are promoting self-care / demand for consumer health products.
Growing Demand for Fortified Foods
Demand for fortified foods is growing as consumer appetite for fortified foods is on the rise owing to its important role in filling the gap due to vitamin deficiencies, especially for kids, women who are pregnant or breastfeeding, people on calorie-restricted diets, or possibly even people following vegetarian or vegan diets if they are not well-planned. According to a consumer survey done by DSM, 52% of consumers in Asia, 42% in North America, and 33 % in Europe are actively seeking out fortified foods and beverages with nutrition-boosting ingredients on shop shelves.
Also, governments and international health organizations are supporting the growth of fortified foods, realizing the potential of boosting common foods with essential micronutrients as a cost-effective and effective strategy to combat malnutrition on a large scale.
Issues such as the lack of institutional coordination, outdated technology, and the absence of expertise for the execution of regulations at low levels, equipment, and updated standards have been constraining the market for nutritional analysis. Food control laboratories are poorly equipped, and they lack suitable trained analytical staff, especially in countries such as Ethiopia, Cuba, and Bangladesh. All such factors are expected to hinder market growth.
Segment-Wise Insights
To meet the daily requirements of vitamins & minerals, people are getting inclined towards involving vitamins & minerals enriched foods in their daily diets, which is consequently driving the overall market of Human Nutritional Ingredients.
Increased urbanization, middle-class consumer development, and rising rates of female labor-force involvement in developing and developed markets have fostered the adoption of convenience-oriented lifestyles, making infant nutrition items such as baby formula and prepared baby meals popular.
Regional Insights
According to Azoth Analytics Estimates, the Americas accounts for the largest revenue share in 2022. The increasing consumer awareness regarding personal health and well-being is one of the key drivers of the market along with the growing demand for preventive health products to lead healthy & disease-free life and the rising number of fitness centers, which are expected to drive the market over the forecast period.
Also, improvements in the standard of living in developing countries, such as China and India, owing to increasing disposable income and urbanization are the major factors supplementing the growth of the Asia-Pacific human nutrition market.
Competitive Landscape
Global Human Nutritional Ingredients Market is fragmented with the top 7 companies accounting for a significant revenue share in 2022. Leading companies and brands in the market are executing different strategies and partnerships to strengthen their foothold and increase their competitiveness and product offerings in the market.
BASF SE, British Foods PLC, DSM, Arla Foods, Ingredion, Tate & Lyle, Glanbia PLC amidst others are the leading companies in the Global Human Nutritional Ingredients Market.
Leading companies in the Global Human Nutritional Ingredients Market include:
BASF SE
British Foods PLC
DSM
DuPont de Nemours, Inc.
Arla Foods
Ingredients
Tate & Lyle
CHR Hansen Holdings
Glanbia PLC
Recent Developments in the Human Nutritional Ingredients Market
Segmentations in the Report
By Product Type
By Applications
By Sales Channel
By Region
Frequently Asked Questions
What is the expected market value of the Human Nutritional Ingredients Market in 2028?
Global Human Nutritional Ingredients Market is expected to be valued at USD 10692.45 Million in 2028.
At what growth rate is Human Nutritional Ingredients Market expected to grow in the forecast period?
During 2023-2028, Human Nutritional Ingredients Market is expected to grow at a CAGR of 6.04%.
Which Region dominates the Human Nutritional Ingredients Market?
Americas contributes the largest revenue share in the Human Nutritional Ingredients Market and is expected to continue in the forecast period as well.
Which are the leading companies in the Human Nutritional Ingredients Market?
The leading companies in Human Nutritional Ingredients Market are BASF SE, British Foods PLC, DSM, DuPont Nemours Inc., Arla Foods, Ingredion, Tate & Lyle, CHR Hansen Holdings, and Glanbia PLC.
At what rate will China's Human Nutritional Ingredients Market Grow?
During 2023-2028, China Human Nutritional Ingredients Market is expected to grow at a CAGR of 7.29%
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