Food Supplement Ingredients Market Size, Share, Growth Report 2032

Market Overview

In terms of revenue, the global Food Supplement Ingredients Market accounted for USD 898 Million in 2020 and is expected to reach USD 1,579 Million by 2028, growing at a CAGR of 7.3% from 2021 to 2028.

Now a days, the number of fitness centers, health clubs, is increasing tremendously and expected to drive the Food Supplement Ingredients Market over the forecast period. Also, owing to increasing number of gyms and changing trend towards to Gymnism is anticipated to boost the Food Supplement Ingredients Market over the forecast period. Increasing acceptance of sports as a career is expected to increase the demand for sports nutrition, which in turn, benefits the market growth.

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Owing to the Increasing weight concern and vitamin & mineral deficiency among the working class as well as the ageing population have enhanced the demand of vitamins & minerals as dietary supplements. Furthermore, rising awareness among the consumers on the subject of personal health and wellness is anticipated to increase the demand for dietary supplements, including protein and amino acids, minerals, vitamins, and omega fatty acids, in near future over the forecast period. However adulteration and potential of substance abuse in the ingredients of these supplements are restraining the market growth.

COVID-19 Impact Analysis    

In this pandemic use of vitamin C, honey, black seed, citrus, ginger, and peppermint supplements have increased significantly. Customers look to support their immune health, boost overall wellness and reduce anxiety in the face of covid-19 pandemic. Various dieticians have recommended vitamin C and B-Complex to hospitalized corona patients. In this time many manufacturers are experiencing raised prices and potential shortages of raw ingredients to keep with customer demand. For retailers and manufacturers, right-sizing assortments and production resources to meet the changing balance of consumer needs in real time will be a challenge, but this is essential to maximize capture of consumer value and optimize in-stock levels in the future. There had been shift from physical distribution to online distribution channel.

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Growth Factors

The increasing awareness on the subject of consumption of natural food products which contains various minerals, vitamins and lowers risk of cholesterol is expected to drive the market growth in the foreseeable future. The rising pervasiveness 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 increase the demand for food supplement ingredients leading to drive the food supplement ingredients over the forecast period. Food supplement ingredients such as vitamins, amino acid, omega-3, iron, and folic acid are essential and required to maintain body physique and further enhancing overall health. Moreover, the continuous marketing and advertisement by companies including Herbalife nutrition, Kemin health, and Amway is increasing importance of these products and leading to the growth of overall industry growth.

Furthermore, owing to the increasing population and due to availability of large base of consumers the food supplement ingredients market is anticipated to grow in near future over the forecast period.

Global Food Supplement Ingredients Market: Report Scope:

Product Type Segment:

Based on product type the food supplement ingredients market is segmented into, Vitamins, Amino Acid, Omega-3, Probiotics, Folic Acid, Oxalic Acid, Iron, Collagen Peptides, and Magnesium. Vitamins is expected to dominate the market owing to high demand from working professionals and sports athletes for energy and weight management. The Energy and weight management product manufacturers are newly focusing more on incorporating nutraceutical ingredients to improve the nutritional value of products. It has boosted the demand for fibers and specialty carbohydrates that are indigestible by humans but help in weight management, reducing cholesterol levels, and controlling blood sugar levels.

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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 of XX% 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.

Key Market Players & Competitive Landscape

Some of the key players in food supplement ingredients market are Amway, Capsugel, DSM, Merk CH, and Kemin Health.

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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

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa