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U.S. Food Supplement Ingredients Market to grow with a CAGR of over 7% by 2024

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Global Market Insights, Inc. has released a new research study on Food Supplement Ingredients Market analysis inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe.

— Global Market Insights, Inc. has launched a report on Food Supplement Ingredients Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Vitamin based food supplement ingredients may register significant gains at over 7% by the end of foreseeable timeframe. Vitamins plays an essential role in proper DNA synthesis, red blood cell formation, and neurological functions. These are used for treatment of cardiovascular diseases and for lowering homocysteine levels which avert heart strokes, thereby stimulating product demand.

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Powder form food supplement ingredients was valued at over USD 140 million in 2017. Growing energy powders consumption among sport persons may accelerate the product growth. Also, they offer improved texture, taste and quality as compared to conventional supplements, thereby driving the market.

Food supplement ingredients for pregnant women may register gains close to 6.5% by the end of foreseeable timeframe. Increasing cases of child birth defects owing to rise in the number of working women and hectic lifestyle may drive the product demand. Prenatal supplements offer various essential nutrients such as iron, folic acid, calcium, and iodine, which minimize the risk of neural tube defects at birth and fill dietary gaps in pregnant women, which may boost market growth.

Over the last few years, the benefits of healthy living followed by concerns surrounding animal safety have driven several millennials to pursue a vegetarian or vegan diet. Although the idea of a 100% meat-free diet sounds quite appealing, it can bar one from acquiring certain nutrition that cannot be gained from plant-based foods. A Finnish study found that following a balanced diet varies among vegans, while some followed a balanced diet other showed signs of dietary deficiency.

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The study further revealed that Vitamin D levels were below the recommended value among a quarter of the vegan groups. Nutrients like Vitamin B12, Creatine, Vitamin D3 and DHA are extremely high in meat-based foods, which vegans exclude themselves from. However, dietary supplements that provide the above-mentioned content can help vegans maintain a healthy lifestyle, without having to give up a plant-based diet, which would quite overtly, augment the food supplement ingredients market size.

Citing an instance, deficiency of vitamin B12 which is high in animal liver and organ meats, can lead to serious health concerns, especially among the geriatric population. However, vegans can easily consume the same in the form of food supplement ingredients, commonly available as capsules, tablets or powders. According to Global Market Insights, Inc., vitamin B12 based food supplement ingredients industry share was pegged at an appreciable $60 million in the year 2017.

The prevalence of dietary deficiencies owing to the rapid adoption of a vegan lifestyle and the massive requirement of vitamin B12 to ensure uninterrupted production of DNA, nerves, and blood cells in the human body will thus propel vitamin B12 based food supplement ingredients market.

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This has quite overtly led to the requirement of food supplement ingredients like proteins, Vitamin D and Omega-3 fatty acids that can help with weight loss. Driven by their robust deployment to prevent the onset of conditions like diabetes and heart diseases, the U.S. food supplement ingredients market size is likely to register a CAGR of 7% over 2018-2024.

As the demand for nutritional supplements increases across a slew of verticals, the commercialization graph of the global food supplement ingredients market is likely to observe an incline. As per reliable estimates, food supplement ingredients industry size may be pegged at $2 billion by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/food-supplement-ingredients-market

Source URL: https://marketersmedia.com/us-food-supplement-ingredients-market-to-grow-with-a-cagr-of-over-7-by-2024/88918114

Source: MarketersMedia

Release ID: 88918114

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