[Latest] Food Supplement Ingredients Market Size Will Attain USD 1579 Million by 2028 Growing at 7.3% CAGR

[145+ Pages Report] According to Zion Market Research, the global food supplement ingredients market size was valued at around USD 898 million in 2020 and is estimated to grow about USD 1579 million by 2028, at a CAGR of approximately 7.3% between 2021 and 2028. The key players covered in the report with their sales, revenues and strategies are Amway, Capsugel, DSM, Merk CH, Kemin Health, and others.

SAN FRANCISCO, U.S., June 08, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled "Global Food Supplement Ingredients Market Comprehensive Analysis and Forecast, 2021 – 2028" in its research database. According to the latest research study, the demand of global Food Supplement Ingredients Market size was worth at USD 898 million in 2020 and it is expected to surpass around USD 1579 million mark by 2028, growing at a compound annual growth rate (CAGR) of approximately 7.3% during the forecast period 2021 to 2028.

Food Supplement Ingredients Market Overview:

Food supplements ingredients comprise of various vitamins form including vitamin A, B12, C and D which are necessary to maintain overall health. Increasing obesity rates in various countries may boost the consumption of these products. Food Supplements ingredients comprise of various vitamins form including vitamin A, B12, C and D which are necessary to maintain overall health. Increasing obesity rates in various countries may boost the consumption of these products.

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Global Food Supplement Ingredients Market: Growth Factors

Growing awareness regarding consumption of natural food products which contains various vitamins, minerals and lowers risk of cholesterol may drive the market growth in the foreseeable future. The rising prevalence of chronic diseases such as cardiovascular problems, diabetes and arthritis may further drive business spaces. Increasing muscle building trend and rising interests in athletics activities are projected to fuel food supplement ingredients market demand during the assessment period.

Food supplement ingredients such as vitamins, amino acid, omega-3, iron, and folic acid are required to maintain body physique further enhancing overall health. Furthermore, the increasing importance of these products owing to continuous marketing and advertisement by companies including Herbalife nutrition, Kemin health, and Amway may boost overall industry growth.

In addition to this, increasing application for sports-related supplements and maintaining healthy bones & joints may drive the food supplement ingredients industry growth in the near future. Rising alertness towards cardiovascular diseases owing to change in diet patterns & lifestyle may boost importance for food supplement ingredients.

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Report Scope:

Report Attribute

Report Details

Market Size in 2020

USD 898 Million

Market Forecast in 2028

USD 1579 Million

Growth Rate

CAGR of 7.3%

Base Year

2020

Forecast Years

2021- 2028

Key Companies Covered

Amway, Capsugel, DSM, Merk CH, and Kemin Health

Segments Covered

By Product Type, End-Users, Form, and Region

Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

Customization Scope

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COVID-19 Impact Analysis

The use of supplements containing vitamin C, honey, black seed, citrus, ginger, and peppermint has dramatically grown throughout this pandemic. In the face of the COVID-19 pandemic, customers seek to maintain their immune health, improve overall wellness, and lessen anxiety. Dieticians from many organisations have advised hospitalised corona patients to take vitamin C and B-Complex. In order to keep up with consumer demand, many businesses are currently dealing with price increases and potential shortages of raw materials. Right-sizing assortments and production resources to match the shifting balance of consumer wants in real time will be difficult for retailers and manufacturers, but it is necessary to maximise customer value capture and optimise in-stock levels in the long run. Online distribution channels had replaced traditional distribution channels.

Segmentation Analysis:

The global food supplement ingredients market can be classified into product type, form, and end-use.

Based on the product type, the food supplement ingredients market is sectored into vitamins, amino acid, omega-3, probiotics, folic acid, oxalic acid, iron, collagen peptides, and magnesium. On the basis of form, the food supplement ingredients market is sectored into powder, gel, liquid, capsules, and tablets. Based on the end-user, the market is classified into an infant, old-age, children, pregnant women, and adults.

The global food supplement ingredients market is segmented as follows:

By Product Type

Vitamins

Amino Acid

Omega-3

Probiotics

Folic Acid

Oxalic Acid

Iron

Collagen Peptides

Magnesium

By End-Users

Infant

Old-Age

Children

Pregnant Women

Adults

By Form

Powder

Gel

Liquid

Capsules

Tablets

Browse this Full Research Report | Global Food Supplement Ingredients Market - By Product Type (Vitamins, Amino Acid, Omega-3, Probiotics, Folic Acid, Oxalic Acid, Iron, Collagen Peptides, And Magnesium), By Form (Powder, Gel, Liquid, Capsules, And Tablets), By End-User (Infant, Old-Age, Children, Pregnant Women, And Adults), Global Industry Perspective, Comprehensive Analysis And Forecast, 2021 – 2028

Competitive Landscape:

Some of the main competitors dominating the global food supplement ingredients market include -

Amway

Capsugel

DSM

Merk CH

Kemin Health

Key Insights from Primary Research:

According to the analysis shared by our research analyst, the food supplement ingredients market is likely to expand at a CAGR of around 7.3% during the forecast period (2021-2028).

In terms of revenue, the Food Supplement Ingredients market size was valued at around US$ 898 million in 2020 and is projected to reach US$ 1579 million by 2028.

Based on product type, the Vitamins is expected to dominate the market owing to high demand from working professionals and sports athletes for energy and weight management.

On the basis of region, the North America is likely to dominate the food supplement ingredients market growth in the coming years.

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Key questions answered in this report:

What is the market size and growth rate forecast for Food Supplement Ingredients industry?

What are the main driving factors propelling the Food Supplement Ingredients Market forward?

What are the leading companies in the Food Supplement Ingredients Industry?

What segments does the Food Supplement Ingredients Market cover?

How can I receive a free copy of the Food Supplement Ingredients Market sample report and company profiles?

Key Offerings:

Market Size & Forecast by Revenue | 2021−2028

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis By Product Type, End-Users, Form, and Region

Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

North America is likely to dominate the food supplement ingredients market growth in the coming years. Owing to the Increasing cardiovascular diseases in this region, and to shift in food intake patterns may drive the consumption of these supplements. These products helps in lowering triglyceride levels which may prevent heart diseases such as coronary heart diseases, thereby stimulating the product demand in the region. Europe food supplement ingredients market is likely to register profitable growth in near future over the forecast period, owing to the rising pervasiveness of disorders including obesity, diabetes, and high blood pressure leading to increase in the demand for these nutritional supplements.

Asia Pacific food supplement ingredients market is likely to grow at fastest CAGR over the forecast timeframe. Also, the increasing health awareness in this region regarding the benefits of these products and wide product availability may boost the food supplement ingredients market growth in the region in near future and over the forecast period. Increasing attentiveness towards personal healthcare and consumption of vitamin products may drive the regional food supplement ingredients market growth over the forecast timeframe.

By Region

North America

U.S.

Canada

Rest of North America

Europe

France

Spain

Germany

Italy

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia

South Africa

Rest of the Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

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