Global Human Nutritional Ingredients Market Analysis Report 2023: Vitamins and Minerals, Premixes, Probiotics, Applications

DUBLIN--(BUSINESS WIRE)--May 11, 2023--

The "Global Human Nutritional Ingredients Market (2023 Edition): Analysis By Product Type (Vitamins and Minerals, Premixes, Probiotics, Others), Applications, Sales Channel, By Region, By Country: Market Size, Insights, Competition, Covid-19 Impact and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

Human Nutritional Ingredients market is projected to reach a value of $10.69 billion by 2028 from $7.97 billion in 2023, growing at a CAGR of 6%

The major factors driving the growth of the Global Human Nutritional Ingredients market are the growing demand for safe and nutritious health products and supplements, rising disposable income and increasing concern over health among consumers throughout the world.

Presently, the hectic lifestyle adopted by people results in a number of diseases due to improper nutrition. As a result, people are becoming more aware of the nutritional content of food and restricting the intake of food that is high in fat, cholesterol, sugar, and salt.

Further, a rising health and wellness trend creates demand for functional ingredients, fortified products, and dietary supplements, resulting in an increasing demand for Human Nutritional Ingredients across the globe.

Also, many companies are moving towards 'bundled'/customized solutions. May it be premixes, systems or forms, many ingredients companies are moving towards bundled, multi-ingredient solutions. The advantages of this for a supplier include increased customer collaboration/stickiness and higher margins (especially for those with exposure to commodities) while the customer benefits from more innovation, less hassle and greater speed to market.

Growing Demand for Probiotics boosting the market growth in developing markets. Probiotics are currently altering the food and supplement industries due to their widespread usefulness in treating certain gastrointestinal diseases, enhancing skin conditions, and promoting urinary and vaginal health.

The use of non-dairy probiotics has increased as a result of the rapidly growing lactose-intolerant population's increased demand for vegetarian products. Dried and HRB probiotics have recently seen tremendous growth in popularity for human consumption, thanks to the increasing influx of product developments.

The rise of the Human Nutritional Ingredients market is anticipated to be significantly influenced by the expanding technological developments in the manufacture of probiotics, as well as advancements in nanotechnology, immobilization, and microencapsulation techniques.

This study also provides the current competition status of some of the leading players in the Global Human Nutritional Ingredients including BASF SE, British Foods PLC, DSM, DuPont Nemours Inc., Arla Foods, Ingredion, and others.

The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments.

Overall, the report provides a detailed overview of the Global Human Nutritional Ingredients, which will assist industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.

Scope of the Report

Competitive Positioning

For more information about this report visit https://www.researchandmarkets.com/r/c4tjxp

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KEYWORD:

INDUSTRY KEYWORD: PHARMACEUTICAL HEALTH FITNESS & NUTRITION

SOURCE: Research and Markets

PUB: 05/11/2023 08:30 AM/DISC: 05/11/2023 08:32 AM

http://www.businesswire.com/news/home/20230511005520/en

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