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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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Ingredients Market Size in 2022: | USD 2 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 15.4% |
| 2032 Value Projection: | USD 8 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 805 |
| Tables, Charts & Figures: | 1,058 |
| Segments covered: | Product, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Ingredients Market Scope
