Asia-Pacific region is one of the world's largest markets for health ingredients, owing to the region's rapid urbanisation, which has resulted in a majority of the population suffering from vitamin and mineral insufficiency.
Health Ingredients Market by Type (Vitamins, Minerals, Prebiotics, Nutritional Lipids, Functional Carbohydrates ,Plant and fruit extracts, Enzymes, Probiotic Starter Cultures, Proteins), Application , Source ,and Region - Global forecast to 2022
Health Ingredients Market by Type (Vitamins, Minerals, Prebiotics, Nutritional Lipids, Functional Carbohydrates ,Plant and fruit extracts, Enzymes, Probiotic Starter Cultures, Proteins), Application , Source ,and Region - Global forecast to 2022
India to Grow at the Highest CAGR in Health Ingredients Market, 2017–2022
Key Factors behind Market’s Rapid Growth
In 2016, the health ingredients market was valued at USD 67.98 Billion and projected to reach USD 101.32 Billion by 2022, growing at a CAGR of 6.96% from 2017 to 2022.
Increasing awareness and rising demand for function specific food among the global population, fuels the demand for health ingredients.
The health ingredients market is projected to grow at a CAGR of 6.96%, in terms of value, from 2016 to reach a projected value of USD 101.32 Billion by 2022.
Rise in demand for fortified food & beverage products are the factors driving the health ingredients market.