Ingredients Market Analysis

Ingredients Market Analysis

In terms of revenue share, the demand for fatty acid ingredients for plant-based food and beverages is estimated to reach USD 6.5 billion by 2032. Increasing demand for functional food and beverages packed with fatty acids can be attributed to their potential health benefits. For instance, omega-3 fatty acids are considered to have a positive effect on cardiovascular health with the ability to reduce triglyceride levels, which are the key triggers of heart diseases. The rising prevalence of heart diseases will accelerate the consumption of fatty acid-fortified food and beverages. According to the American Heart Association report, nearly 805,000 people in the U.S. suffer from a heart attack each year.
 

Ingredients market for plant-based food & beverages share from RTE & RTC meals is anticipated to reach USD 1.5 billion by 2032. Over the last decade, the demand for ready-to-drink (RTD) tea & coffee has escalated rapidly due to growing consumer awareness regarding the harmful impact of carbonated drinks on health. Consumers are increasingly inclined towards adding value-added products to their daily diet such as antioxidant rich RTD beverages. Furthermore, industry players are ramping up efforts to introduce customized products to cater to the nutritional needs of women and children. Previously infamous ready-to-eat (RTE) meals are now being developed in more nutritionally stable and healthy forms.
 

Asia Pacific ingredients market for plant-based food & beverages is projected to record over 14.5% CAGR between 2023-2032. Massive population growth and rising disposable incomes is increasing the standard of living in the developing economies of APAC. Growing health awareness is fueling the demand for probiotics in countries such as China, India, and Australia. In recent years, the region has experienced a dramatic rise in the development of advanced technologies such as microencapsulation, transforming the space of probiotics in the region. These developments are rapidly overcoming technological limitations associated with aging techniques, thus offering lucrative opportunities for manufacturers in the region.