Food Supplement Ingredients Market share to be valued $2000 million by 2024

Global Food Supplement Ingredients Market is set to expect consumption at over 60 tons by 2024 supported by growing consumer consciousness towards nutritional enrichment among working professionals.

Food supplement ingredients for pregnant women may register gains close to 6.5% by the end of foreseeable timeframe. Increasing cases of child birth defects owing to rise in the number of working women and hectic lifestyle may drive the product demand. Prenatal supplements offer various essential nutrients such as iron, folic acid, calcium, and iodine, which minimize the risk of neural tube defects at birth and fill dietary gaps in pregnant women, which may boost market growth.

U.S. food supplement ingredients market demand may witness growth at over 7% by 2024. Growing occurrence of various chronic disease such as diabetes, heart attacks and arthritis will boost requirements for food supplement ingredients owing to their ample health benefits, driving industry growth. These products reduce the risk of fractures in arthritic individuals by reducing the amount of homocysteine in the body, which should stimulate market growth.

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Europe food supplement ingredients market led by Germany, UK and France was valued at over USD 175 million in 2017. Increasing obesity rate among children's in the region may boost demand for these ingredients as they aid in weight management which prevents chronic diseases such as diabetes and high blood pressure. The European government has set specific standards for the addition of these supplements in various products up to a permissible limit, thereby driving the regional growth demand.

Growing adult participation in sports and leisurely activities for muscular development & weight management may boost food supplement ingredients market. These product offers various nutrients such as folic and oxalic acid thereby improving sports performance and recovery from exercise, thereby driving food supplement ingredients market demand.

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Food supplement ingredients from amino acid may register significant growth at over 4.5% by the end of forecast period. Amino acids are used by various gym professionals as they aid in muscle building and are considered essential in burning fats. These supplements also aid in improving sports performance for athletes, which may drive the product demand.

Food supplement ingredients in capsule form was valued at over USD 155 million in 2017. Easy availability & absence of odor in capsules along with an upsurge in chronic diseases among the significant elderly population should promote the food supplement market growth of products in capsule forms.

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Germany food supplement market from vitamin is anticipated to surpass USD 100 million by 2024. Growing adoption of these products owing to their consumption for maintaining overall health may drive the regional demand. Increasing trend towards self-medication owing to increasing awareness regarding OTC products may drive the regional industry growth.

Naturex, Nestle, Lonza, Herbalife Nutrition and Pfizer are key players in food supplement ingredients market. Introduction of new products and continuous enhancement in R&D may drive the industry growth.

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Name: Arun Hegde
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Organization: Global Market Insights, Inc.

Release ID: 517038