Shift in consumer preference from nutrition-based to health-specific food, increasing incidences of chronic disease, and rise in demand for fortified food & beverage products are the factors driving the health ingredients market. Increasing awareness and rising demand for function specific food among the global population, fuels the demand for health ingredients. The health ingredients market is projected to grow at a CAGR of 6.96%, in terms of value, from 2016 to reach a projected value of USD 101.32 Billion by 2022.
A chronic condition is a human health condition or disease that is persistent or otherwise long-lasting in its effects or a disease that comes with time. The term chronic is often applied when the course of the disease lasts for more than three months. Common chronic diseases include arthritis, asthma, cancer, chronic obstructive pulmonary disease, diabetes, Lyme disease, and some viral diseases such as hepatitis C and acquired immunodeficiency syndrome. An illness which is lifelong because it ends in death is a terminal illness. It is possible and not unexpected for an illness to change in definition from terminal to chronic. Diabetes and HIV for example were once terminal yet are now considered chronic due to the availability of insulin and daily drug treatment for individuals with HIV which allow these individuals to live while managing symptoms.
In medicine, a chronic condition can be distinguished from one that is acute. An acute condition typically affects one portion of the body and responds to treatment. A chronic condition on the other hand usually affects multiple areas of the body, is not fully responsive to treatment, and persists for an extended period of time.
Chronic conditions may have periods of remission or relapse where the disease temporarily goes away, or subsequently reappears. Periods of remission and relapse are commonly discussed when referring to substance abuse disorders which some consider to fall under the category of chronic condition.
Chronic conditions are often associated with non-communicable diseases which are distinguished by their non-infectious causes. Some chronic conditions though, are caused by transmissible infections such as HIV/AIDS.
63% of all death’s world wide are from chronic conditions. Chronic diseases constitute a major cause of mortality, and the World Health Organization (WHO) attributes 38 million deaths a year to non-communicable diseases. In the United States approximately 40% of adults have at least two chronic conditions.
The health ingredients market has been segmented by type into vitamins, proteins, minerals, prebiotics, probiotic starter cultures, nutritional lipids, functional carbohydrates, enzymes, and plant & fruit extracts.
Proteins has emerged as the most widely used health ingredients owing to their multi-functional properties and their vast applications in sport nutrition, dietary supplements, and weight management.
Based on source, the plant segment is estimated to have the largest market share in 2017. The global demand for health ingredients from plant source is higher than other sources. Factors such as changing consumer preferences from meat-based products to plant-based products is one of the main reasons that drive the market for plant-based health ingredients.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69194289
The health ingredients market has been segmented on the basis of application into food, beverage, pharmaceutical, animal feed, and personal care. Health ingredients have been gaining importance from pharmaceutical applications segment due to growing demand for functional supplements. Increasing government initiative in the field of fortification and growing demand for fortified food & beverages provide a platform for the increasing demand for health ingredients in food and beverage application.
The European region is estimated to account for the largest share of the global health ingredients market, in terms of both value and volume, in 2017. The shift in consumer preference from nutrition-based to health-specific food coupled with increasing awareness about newly invented health ingredients such as prebiotics and probiotics fueling market demand from developing regions such as Asia Pacific are factors accelerating health ingredients market growth.
The leading players that dominated the health ingredients market include, Koninklijke DSM N.V. (Netherlands), BASF SE (Germany), Kerry Group plc (Ireland), Associated British Foods plc (U.K.), and Arla Foods (Denmark).
Article Source: https://www.123articleonline.com/articles/1189678/increasing-incidences-of-chronic-disease-to-drive-the-growth-of-health-ingredients-market