Food Supplement Ingredient Market Overview

Food Supplement Ingredient Market Size Was Valued at USD 1110.81 Million in 2023 and is Projected to Reach USD 2237.22 Million by 2032, Growing at a CAGR of 8.09% From 2024-2032.

Nutrition plays a vital role in the growth of human sources. Food supplements are rich sources of nutrients and other substances which play an important role in the nutritional and physiological development of the body and are given in a dosage form. Food supplements are intended to rectify nutritional deficiencies, maintain an adequate intake of certain nutrients, and promote specific physiological functions. Moreover, an increase in the number of fitness centers, gymnasiums, and health clubs will support the expansion of the food supplement market during the forecast period. Sports has become an eccentric subject nowadays, there has been a rapid increase in the number of individuals opting for sports as a career increasing in demand for sports nutrition thus boosting the growth of the market in the forecast period.

Moreover, change in lifestyle patterns is associated with various diseases owing to the deficiency of certain vitamins and nutrients. The unexpected boom in the IT sector has caused many individuals to adopt a sedentary lifestyle thus, giving rise to cardiovascular diseases and obesity. Recently there has been an increase in uptake of fast food which lacks nutritional values and provides many unwanted harmful substances like cholesterol thus promoting individuals to take food supplements to meet their daily requirements which are not provided by fast food. Additionally, people are becoming more concerned about their health. Physical fitness and physique have gained popularity among young individuals thus boosting the market growth.

Market Dynamics And Factors In Food Supplement Ingredient Market

Drivers:

Rapid growing consumer interest in a healthy diet

The costly healthcare industry is one of the major factors driving the food supplement ingredient market. Moreover, the increasing aging population and diseases associated with changing lifestyles are helping the market to flourish during the forecast period. Problems associated with obesity have forced market players to come with food supplement products that aid in weight management. Additionally, there has been a sharp increase in demand for nutritional products owing to a healthy and disease-free lifestyle. Nutrition food supplements don't guarantee a disease-free life however current situation has forced people to take nutrition supplements to strengthen their immune system. Moreover, various governments are taking initiatives in an approach to provide necessary nutrition to underprivileged parts of society as well they are financing local companies for the production of food supplements, therefore, promising market players to roll out new products for the welfare of society. Additionally, governments are issuing guidelines for the manufacture of food supplements for them to be of utmost quality thus assuring individuals of the safety and organic nature of supplements and hence driving the market in the forecast period. Various protein brands are coming with nutrition products and supplement that enhances performance and endurance in sports person thus helping sports nutrition to bloom. Rapid growth in the vegan population is driving the market as these individuals consume plant-derived food which is lacking in B12 and D3 vitamins thus promoting individuals to take additional food supplements.

Restraints:

Negligence in quality control

The high pricing of regular dietary supplements is one of the key factors restraining the market growth. Overdosage is a point of concern regarding food supplement intake. If food supplements are taken with fortified food, it can cause interactions between the herbal extracts and the drugs used in supplements. Moreover, the raw material used in the production of food supplements should be authentic however negligence in the quality control can affect the functionality of food supplements thus, hampering the development of the food supplements ingredients market in the forecast period.

Opportunities:

Societies inclination towards health and nutrition

The usage of dietary supplements is not restricted to fulfillment of the daily requirement of nutrients, but consumers are also considering the functional health benefits associated with these supplements for the prevention of diseases. Moreover, they are showing a keen interest in products for mental alertness and elevating their physical endurance, and boosting energy. Additionally, the increase in diseases due to improper diet lacking necessary nutrition is providing opportunities for market companies to develop food supplements that are complete in every aspect.

Challenges:

Demand for green-labeled products

The use of organic ingredients in the manufacture of food supplements is the biggest challenge for the market players. Moreover, complying with governments norms and regulations on the production of supplements and delivering unadulterated products are the obstacles faced by the market companies. The demand for products that are safe to use and are green-labeled instigates the companies to invest in research and development to deliver environmentally friendly products.

Market Segmentation

Segmentation Analysis of Food Supplement Ingredient Market:

Depending on the product, the vitamins segment is anticipated to have the highest share of the food supplement ingredient market during the forecast period. The busy lifestyle and the high consumption of ready-to-eat foods is the main cause of vitamin deficiency in many individuals. Vitamins play an important role in boosting immunity and cardiovascular health. Moreover, vitamins are also beneficial for the efficient functioning of the nervous system. Taking vitamins daily fulfills the daily requirement. The increase in the time spent looking at screens on TVs, computers, and phones result in poor eyesight. In addition, particular vitamins can support eye health such as E, C, A, and selenium. Taking vitamins daily improves bones health, strengthens healthy metabolism, and promotes healthier skin and hair. All these factors stimulate the growth of this segment in the forecast period.

Depending on the end-user, the adult segment is expected to dominate the food supplement ingredient market in the projected period. As one ages, it becomes difficult for the body to absorb the essential nutrients, and specific medications related to old age diseases may drain nutrients further. An effective and simple way to tackle this problem is by taking appropriate food supplements. Moreover, the majority of the adult population experience deficiencies, to overcome these deficiencies there is various food supplement available in the market. Furthermore, the growing adult population and the increasing prevalence of obesity, cardiovascular diseases, diabetes, and other related conditions among adults is the vital factor propelling the development of the food supplement ingredient market.

Depending on the form, the tablets are predicted to lead the food supplement ingredient market in the forecast period. Depending on the active ingredient present in tablets and the casing, tablets are economically favorable to manufacture than their counterparts thus, making them more affordable for consumers. Moreover, tablets are more stable and have a longer shelf life than capsules. In addition, a single tablet can contain a higher dose of an active ingredient and can be cut in two pieces for a smaller dosage, if needed. Furthermore, certain tablets are available in the chewable or orally-dissolving form. Tablets can be manufactured in quick release, delayed-release, or extended-release formats, therefore helping the expansion of this segment.

Depending on applications, the immunity booster segment is expected to have the highest growth rate during the projected period. The rise in the number of flu outbreaks and the high consumption of snack that lacks essential minerals and nutrients is stimulating individuals to adopt food supplements in their daily diet. Vitamins, minerals, and other nutrients play an essential role in enhancing the immune system. The growing health awareness among individuals is driving the usage of food supplements to boost immunity hence, helping the market flourish.

Depending on the distribution channel, the online segment is forecasted to have the highest share of the food supplement ingredient market during the forecast period. The technological advancements and the riser in the usage of smartphones to order multiple things is the vital factor supporting the expansion of this segment. The penetration of e-commerce services and the availability of different substitutes on the internet is further stimulating the expansion of the online segment.

Regional Analysis of Food Supplement Ingredient Market:

The North American region is anticipated to have the highest share of the food supplement ingredient market during the forecast period. The growing health awareness among individuals in this region is the main factor fueling the growth of the market in this region. Moreover, the rising number of individuals suffering from cardiovascular diseases, cancer, and diabetes in this region is propelling the demand for food supplements that can help individuals live a better life with these diseases. According to a CRN consumer survey, about 77% of Americans consume food supplements, in which vitamins and minerals constitute a prominent part of the supplements. In addition, sports and weight loss supplements are also popular among U.S populations.

The Asia-Pacific region is expected to grow with the highest significant growth rate in the projected period. The growing adult population and the rise in the number of people suffering from vitamin deficiency attributed to a busy lifestyle is the main factor driving the growth of the market in this region. Moreover, the increasing expenditure on immunity-boosting products by individuals attributed to the rise in disposable income is stimulating the expansion of the food supplements ingredients market in this region.

The European region is predicted to have a positive growth rate during the forecast period. The presence of prominent companies and the rising health awareness are the main factors contributing to the growth of the market in this region. Moreover, the increase in the number of seasonal outbreaks of diseases and to tackle these diseases, consumers in this region are adopting food supplements to enhance immunity. Countries like the U.K, Germany, and France are the major contributors driving the expansion of the market in this region.

Players Covered in Food Supplement Ingredient Market are:

• Abbott (US)
• Amway Corp (US)
• Nestlé (Switzerland)
• Herbalife Nutrition Ltd. (US)
• ADM (US)
• GlaxoSmithKline plc (UK)
• Arkopharma (France)
• DSM (Netherlands)
• Glanbia plc (US)
• BASF (Germany)
• Associated British Foods PLC (UK)
• Bionova (India)
• Renown Pharmaceuticals Pvt Ltd (India)
• Biolife Technologies (India) and other major players.

Key Industry Development In Food Supplement Ingredient Market

• In February 2024, Herbalife, a premier health and wellness company and community, announced the launch of the Herbalife® GLP-1 Nutrition Companion, a new range of food and supplement product combos fueled by the Protein Shake in the World. Intended to support the nutritional needs of individuals on GLP-1 and other weight-loss medications. Herbalife’s Classic and Vegan options are now available in the United States and Puerto Rico in a variety of flavors.
• In October 2023, Ayana Bio announced the expansion of its Plant Cell Advantage ingredient range by incorporating plant cell-cultivated ingredients from dog rose, hedge nettle, and sage, which are high-quality, sustainable ingredients that improve people's quality of life.