Globalism Skin health food market Volume is expected to reach $3.31 billion by 2030 according to a new study by Polaris Market Research.
Global food ingredient producers are paying close attention to the ever-increasing demand for nutritional food ingredients, including probiotics, prebiotics, plant extracts, minerals, vitamins, phytochemicals, and omega-3 fatty acids, and are investing massive amounts in research and development, which in turn is expected To drive industry growth throughout the forecast period.
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One of the main drivers for the growth of the industry is the increasing number of individuals who are changing their eating patterns, implementing an excellent nutritional diet, and leading active lifestyles. In addition, new approaches to the production of high organic carotenoids, other supplies of omega-3s, and the expansion of the retail industry in developing nations are all generating lucrative prospects for industry participants.
The high prevalence of allergic disorders, increased customer awareness of skin care, expansion of research and development and manufacturing capabilities of nutritious food products, and increased intake of nutrient-rich foods to enhance well-being conditions are expected to increase the demand for these products.
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In addition, the increasing investments of major companies in research and development of new goods are expected to positively affect the expansion of the sector. For example, Amorepacific Group opened its new Probiotic Green Tea Research Center in February 2022 to further research lactobacilli, which were recently found on a natural green tea farm in Jeju.
Highlights of the Skin Health Food Market Report
- Changing eating habits and increasing consumer awareness regarding healthy food is expected to create profitable opportunities for the development of the healthy food industry during the forecast period.
- The skin condition type segment dominated the global industry in 2021 and is expected to maintain its dominance throughout the forecast period due to the increased awareness regarding health. Barrier activities that alter skin texture and thus affect aesthetics are maintained by many nutrients, including micro-peptides, enzymes, minerals, microelements and vitamins.
- The Asia Pacific region is expected to occupy a large share in the global health food industry due to increased investments in research and development along with an increase in the incidence of allergies due to toxic cosmetic products.
- Market participants include Archer, Amway, Daniels Midland Company, BASF SE, Cargill, Incorporated, Arla Foods, Kemen Industries, Inc, Cr. Hansen Holdings A/S, DuPont, General Mills, Danone SA, Glanbia PLC, Ingredion Incorporated, and Herbalife Nutrition Ltd. Koninklijke DSM NV and Nestle SA are some of the major players operating in the market.
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Polaris Market Research has segmented the Skin Health Foods Market report into segments by type and region:
Skin Health Foods, Forecast Type (Revenue – billion USD, 2018 – 2030)
- skin diseases
- counter sensitivity
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