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Ingredients Market Size

  • Report ID: GMI5170
  • Published Date: Dec 2022
  • Report Format: PDF

Ingredients Market Size

Ingredients Market for Plant-Based Food & Beverages size reached USD 2 billion in 2022 and is anticipated to witness over 15% CAGR from 2023-2032. A surge in the consumption of vitamin-based health supplements will positively influence the industry.


The rising prevalence of chronic and infectious diseases has accelerated the demand for health supplements rich in vitamins such as a range of vitamin Bs, C, K, and A.  Vitamin supplements are easily available across drug stores, and grocery stores worldwide in a variety of forms such as powders, pills, capsules, and tablets. They have a promising acceptance among users due to the role played by vitamins in preventing illnesses and ensuring overall health. According to John Hopkins data, approximately 50% of the adult population in the U.S., including 70% of individuals aged 65 years and above consume vitamin-based health supplements.



Authors: Kunal Ahuja, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The global ingredients industry for plant based food & beverages reached USD 2 billion in 2022 and is anticipated to witness over 15% CAGR from 2023-2032.

In terms of revenue, fatty acid ingredients for plant-based food and beverages segment is estimated to reach USD 6.5 billion by 2032 due to rising prevalence of heart disorders.

Asia Pacific ingredients market size for plant-based food & beverages is projected to record over 14.5% CAGR between 2023-2032 driven by surging demand for probiotics.

BASF SE, DSM NV, Beneo GmbH, Kerry Group, Chr. Hansen, Ingredion, Sugarlogix, Ajinomoto are some of the major companies in the global market.

Ingredients Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 1058
  • Countries covered: 22
  • Pages: 805
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