Lucintel's latest market report analyzed that health ingredient provides attractive opportunities in food, beverage, pharmaceutical, animal feed, and personal care applications. The health ingredient market is expected to grow at a CAGR of 6%-8%. In this market, a protein is the largest segment by type, whereas plants are largest by source. The introduction of antioxidant superfoods and usage of vegan protein powder provides strategic growth path in this market.
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Based on type, the health ingredient market is segmented into vitamins, minerals, prebiotics, nutritional lipids, functional carbohydrates, plant and fruit extracts, enzymes, probiotic starter cultures, proteins. The proteins segment accounted for the largest share of the market in 2020 as their multi-functional properties and their vast applications in sport nutrition, dietary supplements, and weight management.
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The health ingredient market is marked by the presence of several big and small players. Some of the prominent players offering Health ingredient include Koninklijke DSM, BASF, Kerry Group, Associated British Foods, and Arla Foods.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link
[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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