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The global olive oil market was valued at USD 7.83 billion in 2017, growing at a CAGR of 6.3% from 2017 to 2025. The growth is primarily driven by its positioning as a healthier alternative to fatty oils and the associated health benefits. Olive oil contains antioxidants, has anti-inflammatory properties, is protective against heart diseases, and is not associated with obesity. The demand for low-fat content oils has increased in the light of increasing obesity rate. For instance, in the U.S., according to reports, the consumption has grown by 250% in the past 25 years ending 2015.
The global fava beans market was valued at USD 3.20 billion in 2017, is expected to grow at a CAGR of 1.9% from 2017 to 2025. The drive towards maintaining a healthy lifestyle by way of healthy eating trend coupled with the increasing awareness about the benefits associated with fava beans has spurred market growth. These beans are positioned as a rich source of protein which has resulted in increased demand from the fitness-conscious consumers.
The global tempeh market was valued at USD 146.7 million in 2017 and is expected to grow at a CAGR of more than 7.0% from 2017 to 2025. Gaining popularity of meat substitutes in light of the rising glutamic disorders is expected to spur demand in the coming years. Also, the shifting preference towards vegan diet in countries such as the U.S. and U.K. as an alternative to meat-based products is projected to have a positive impact on the market.
The global malt drinks market was valued at USD 18.54 billion in 2017. The rising importance of malt-based health drinks on account of their rich content of vitamin B, calcium and essential amino acids is expected to drive the market. These products are gaining popularity among adults on account of improving bone and skin health, maintaining blood circulation.
The global dietary supplements market is likely to witness significant growth in the coming years. Increasing practice of preventive health management due to high healthcare costs and occurrence of lifestyle diseases can propel market growth. In addition, changing consumption patterns, hectic work schedules, and increasing awareness among athletes and gym professionals regarding reducing calories are expected to support market growth in coming years. Hectic work schedules have led to stress, low-energy levels, and hypertension among individuals.
The global sucralose market size was valued at USD 697.4 million in 2017. It is projected to witness a CAGR of 3.0% from 2017 to 2025 on account of rising popularity of artificial sweeteners as a low calorie functional ingredient in the nutrition sector. Furthermore, high demand for frozen bakery products from emerging countries including, China and India on account of high shelf-life compared to their conventional counterparts is expected to have a positive impact market growth.
The global lactoferrin market size was valued at USD 87.8 million in 2017 and is expected to witness further growth over the forecast period. Rising demand for infant formula as a result of high birth rate in emerging economies like China and India is expected to remain a principal driving force for the market. Lactoferrin is a cytokine glycoprotein, which inhibits as well as prevents growth of bacteria, fungi, virus, and parasites.
The global botanical supplements market size was valued at USD 17.74 billion in 2017 and is expected to register a CAGR of over 9% over the forecast period. Rising concerns regarding the adverse effects of synthetically derived nutraceuticals are projected to augment the demand for botanical supplements. Botanical supplements are derived from fruits, vegetables, barks, and roots of different plants. Consumption of these products ensures nutritional enrichment in individuals.
The global prebiotics market size was valued at USD 3.34 billion in 2016 and is anticipated to expand at a CAGR of 10.0% over the forecast period. Increasing use of prebiotics in several dairy products is projected to augment the market expansion. Prebiotic ingredients help reduce digestive problems and ensure high immunity by enhancing the growth of beneficial bacteria in the gut. Rigorous R&D by leading companies for the advent of new ingredients, such as Xylo-Oligosaccharides (XOS), with enhanced functional properties have increased its scope of application in food ingredients.
China vanillin market size was estimated at USD 67.4 million in 2017 and is expected to witness high demand from various end-use industries, such as food and beverage and pharmaceuticals. Vanillin is used as a flavoring agent in food and beverages. It is also used in medicines to cover unpleasant taste. Growing awareness and inclination of consumers towards healthy lifestyle has also added to the product demand as it has antioxidants and low calorie content.
The global polydextrose market size was estimated to be USD 225.0 million in 2015. Increasing usage as dietary fiber for fortifying food supplements is projected to drive the market in the foreseeable future. Growing awareness about nutritionally fortified food and beverages is projected to remain a favorable factor. Polydextrose is soluble fiber, derived from dextrose. The product is usually manufactured from natural raw materials such as dextrose, sorbitol, and citric acid. Corn is used as a feedstock for the production of abovementioned raw materials.
The global probiotics ingredients market size was valued at USD 1.95 billion in 2017 and is expected to grow further over the forecast period. Rising preference towards preventive healthcare coupled with awareness regarding the inherent benefits of fiber ingredients is expected to boost the overall market growth in the next few years.
The global omega 7 palmitoleic acid (POA) market size reached 22.7 kilo tons in 2017 and expected to grow further over the forecast period. Rising importance of nutritional supplements in cardiovascular and ophthalmic healthcare segments is anticipated to propel market growth. Omega 7 fatty acids belong to unsaturated fatty acid family where the site of unsaturation is linked with seven atoms from the end of the whole carbon chain.
The global Human Milk Oligosaccharides (HMO) market size was valued at USD 60.0 million in 2015 and is expected to grow further over the forecast period. Increasing awareness regarding HMO as a functional ingredient in infant formula, for maintaining proper functioning of immune system, is expected to remain a favorable growth driver. Moreover, increased spending on health and fitness in countries, such as U.S. and Germany, will keep the market buoyant over the next few years.
The global dietary fibers market was valued at USD 3.74 billion in 2016. Increasing demand for nutritious food as a result of rising awareness towards preventive healthcare is expected to remain a key driving factor. In addition, rising prevalence of lifestyle diseases including cardiovascular disorders and obesity among adults on account of hectic working schedule is projected to promote the consumption of functional foods and thus, in turn, will fuel dietary fibers demand.
The global Fructo Oligosaccharides (FOS) market size was estimated at USD 1.15 billion in 2015. Increasing consumer awareness regarding high prevalence of chronic diseases such as high blood pressure, diabetes, gut problems, and rickets is projected to propel product demand. In addition, rising consumption of functional foods, particularly in developed markets like U.S. and Germany will add to demand in the near future.
U.S. online dietary supplement market was valued at USD 7.7 Billion in the year 2017 and is expected to grow over the forecast period, driven primarily by growing application sectors such as sports and medicine. Various factors contributes to accomplishment in sport activities and diet is one of the main component. Sport persons dietary requirement depends on various aspect, including sport which athlete plays, sport environment, dietary requirement, and athlete’s goal.
The global inulin market is expected to be valued at approximately USD 2.4 billion and it is projected to grow at an approximate CAGR of over 10% over the forecast period.
The gluten free food market is estimated to grow at an approximate CAGR of 10.4% from 2016 to 2024. The growing number of people suffering from celiac disease and with gluten sensitivity is one of the major factors driving the growth in the gluten free food market.
The vitamin E market is expected to grow at a CAGR of above 5% over the forecast period from 2016 to 2024. Vitamin E has distinct benefits on human body such as it acts as an antioxidant in the human body, neurological health, gene expression, and lipid health.
Increasing vegetable oils application in fuel production, culinary, soaps and perfume formulations is expected to drive the global market over the forecast period.
Global Rice bran oil market is expected to achieve significant growth over the forecast period on account of its growing popularity in food & supplements as well as cosmetics & health care industry.
Modified starch, likewise named as starch by-products, is arranged by actually, enzymatically, or chemically handling natural starch to transform its belongings. Modified starches are utilized in almost all starch uses, like in foodstuff products by means of a stiffening agent, preservative or emulsifier; in medicines as a degenerate; as binder in layered paper. They are too utilized in numerous other uses.
The global bio vanillin market was estimated at USD 125.4 million in 2015. The market is expected surpass USD 226 million by 2024. Use of the product in an array of applications, like cosmetics, pharmaceuticals, and food & beverages can catapult demand over the forecast period (2016 - 2024).
Presence of key nutrition including omega 3 acids, eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA) in fish oil is one of the key factors driving the fish oil market.
EPA/DHA (Omega 3) Ingredients global market demand is expected to grow over the forecast period due to its increasing applications in lifestyle disease prevention medicines. Omega 3 fatty acids are eicosapentaenoic acid (EPA), docosahexaenoic acid and alpha-linolenic acid (ALA).
The global organic seed market is expected to be valued at approximately USD 1.6 billion in 2015 and it is expected to grow at approximate CAGR of over 14 % over the forecast period of 2016 to 2024.
Pea protein is a type of food additive that hasa neutral taste. It is majorly used in dairy alternatives such as yogurt and cheese.
The global oleoresins market size was estimated at USD1.15 Billion in 2013. The demand for the product grew due to the growth of end-use industries such as soap, perfumery and beverage.
Rising chronic diseases and changing lifestyles have led to health scare. This has resulted in consumers searching for foods that raise their immunity levels.
Growing awareness among consumers towards nutrients and vitamins containing food is expected to fuel the global phytosterols market growth over the next five years. Increasing demand for herbs and minerals extracts to be reinforced as food additives in beverages and foods are anticipated to spur the market growth over the forecast period. Phytosterols are steroid compounds derived from plants and have similar characteristics as cholesterol such as structural behavior and functionality.
Rise in awareness of disadvantages of inorganic food on health has shifted the trend to develop organic food which is expected to drive the market of organic food & beverages majorly. Factors such as awareness about the harmful effects of synthetic ingredient and desire of improving overall health are expected to spur the organic food & beverages market in coming years.
Growing geriatric population particularly in Europe and Japan is expected to bolster the global polyphenol market growth over the next five years. Increasing awareness of consumers towards health is anticipated to drive the polyphenol market growth over the forecast period.
Egg phosphatidylcholine is used to improve liver functionality and enhance the functioning of digestive system in elderly people. Increasing old age population is expected to drive the market growth. Moreover, egg phosphatidylcholine is used as means of relief for food allergies which in turn is expected to drive demand in dietary supplements. FDA approval for choline, an ingredient in egg phosphatidylcholine, is expected to supplement growing importance as a dietary supplement. FDA approval for choline, an ingredient in egg phosphatidylcholine, is expected to supplement growing importance as a dietary supplement.
Tea polyphenols market has been witnessing strong growth over the past few years on account of increasing demand from food and beverage industry, and the trend is expected to continue over the forecast period. Rising purchasing parity of consumers coupled with changing life style has increased the consumption of tea polyphenols over the last few years and it is anticipated to fuel the market growth in near future. Growing health concerns over the last few years resulted in increasing demand for green tea and other nutraceutical products, which in turn expected to drive tea polyphenols market over the forecast period. Innovation in functional beverage’s industry owing to rising demand for healthy drinks is anticipated to drive the market growth over the next six years.