Global glandular ingredients demand is anticipated to be valued at USD 105.83 Billion in 2022, forecast to grow at a CAGR of 6.9% to be valued at USD 206.25 Billion from 2022 to 2032. Glandular ingredients are dietary supplements that contain nutritional sources that support the function of specific glands. Lyophilization of certain glands derived from animals is used to process glandular ingredients.
Report Attribute | Details |
---|---|
Estimated Base Year Value (2021) | USD 100 Billion |
Expected Market Value (2022) | USD 105.83 Billion |
Anticipated Forecast Value (2032) | USD 206.25 Billion |
Projected Growth Rate (2022 to 2032) | 6.9% CAGR |
Glandular ingredients can be prepared as a powder or as an extract. The glandular ingredients are typically extracted from range-fed bovine (cow), porcine (pig), or ovine (sheep) that have been disease-freely inspected by the government.
Most manufacturers believe that glandular from animals raised in New Zealand and Australia are the best glandular ingredients for human consumption because the animal husbandry regulations in these countries are the strictest. Organic glandular ingredients are those that have been freeze-dried without the use of hormones or antibiotics.
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Many health professionals recommend glandular ingredients as part of the diet for people who don't get enough of these nutrients from their regular diet. This can be consumed in either freeze-dried powder or encapsulated form. Professionals' recommendation of glandular ingredient consumption as part of a comprehensive nutritional program is based on various studies.
The increasing demand for functional foods and nutraceuticals in various industries is driving the growth of this market. Rising income levels, a growing population, and technological advancements are some of the other major factors driving the growth of this market.
The shift in consumer attention from regular food consumption to alternative remedies for obtaining specific nutrients has promoted the use of glandular ingredients as a supplement, either alone or in combination with others. These glandular ingredients are in high demand by pharmaceutical companies because glandular capsules are being prescribed clinically for a variety of disorders.
The global glandular ingredients market is expected to face challenges due to the scarcity and high cost of raw materials, as well as high production costs.
During the forecast period, Europe's glandular ingredients market will grow at a CAGR of 5%. Europe is expected to be the world's second-largest market. The increasing consumption of pharmaceutical products and functional food items by health-conscious consumers can be attributed to the high demand for glandular ingredients in this region.
Around 40% of Europeans regularly supplement their diets, and it is expected that this trend of consuming dietary supplements will continue. The demand for glandular ingredients will rise as a result. Within Europe, the United Kingdom and Germany are expected to experience rapid market growth. For mainstream products, the United Kingdom has well-established brands.
Specialty ingredients companies, such as ABF Ingredients and DuPont, are attempting to capitalize on the country's growing consumer demand for healthier foods. In order to expand their glandular ingredients market growth, large specialty ingredient companies in Germany are expected to continue targeting niche suppliers with a proven track record of innovation.
The North American region consumes the most glandular ingredients. This region's high demand for these products can be attributed to the large population and the growing trend of consuming functional foods.
The North America Specialty Food Ingredients Market is divided into three regions: the United States, Canada, and the rest of North America. With a large percentage of the population suffering from obesity and diabetic risks, there is a demand in the United States for functional foods and specialty food ingredients.
Through glandular ingredients, processing industries in this region are keen on obtaining the best formulation to present the best food product to the consumer.
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Organic glandular ingredient is a glandular ingredient obtained from animals via organic farming. In general, the ingredients are used as functional food additives in the pharmaceutical, nutraceuticals, and animal feed industries. As a result, the organic glandular ingredient segment is expected to experience high demand in the market over the forecast period.
Another major consumer of glandular ingredients is the sports nutrition industry. The growing number of athletes and bodybuilders seeking to improve their performance through natural means drives the demand for these products in this sector. Over the next few years, the sports nutrition segment is expected to propel market growth.
Laboratorio Opoterapico Argentino S.A., Agri-lab Co-Products Ltd., Allergy Research Group LLC, American Biologics, Pure Natura ehf., Fallwood Corporation, American Laboratories, Inc., Food Science Corporation, and MBi Nutraceuticals are some of the leading players in the global glandular ingredients market.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 6.9% from 2022 to 2032 |
Market Value in 2022 | USD 105.83 Billion |
Market Value in 2032 | USD 206.25 Billion |
Base Year for Estimation | 2021 |
Historical Data | 2017 to 2021 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Kilotons and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Nature, Form, Source, Type, End Use, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, BENELUX, China, Japan, South Korea, GCC, Turkey, South Africa |
Key Companies Profiled | Laboratorio Opoterapico Argentino S.A.; Agri-lab Co-Products Ltd; Allergy Research Group LLC; American Biologics; Pure Natura ehf; Fallwood Corporation; American Laboratories, Inc.; Food Science Corporation; MBi Nutraceuticals |
Customization | Available Upon Request |
FMI projects the global Glandular Ingredients market to expand at a 6.9% value CAGR by 2032
North America is expected to be the most opportunistic Glandular Ingredients market.
Laboratorio Opoterapico Argentino S.A., Agri-lab Co-Products Ltd., Allergy Research Group LLC, American Biologics, Pure Natura ehf., Fallwood Corporation, American Laboratories, Inc., Food Science Corporation, and MBi Nutraceuticals are some prominent Glandular Ingredients manufacturers.
Market Size in 2024 | USD 185.91 billion |
---|---|
Market Size in 2034 | USD 374.84 billion |
Value-based CAGR (2024 to 2034) | 7.3% |
Expected Value (2024) | USD 5,567 million |
---|---|
Anticipated Value (2034) | USD 10,165 million |
Estimated CAGR (2024 to 2034) | 6.20% |
Estimated Market Value (2024E) | USD 7,215 million |
---|---|
Projected Market Revenue (2034F) | USD 13,763 million |
Value-based CAGR (2024 to 2034) | 6.7% |
Market Size, 2023 | USD 20,795 million |
---|---|
Market Size, 2033 | USD 39,867 million |
Value-based CAGR (2023 to 2033) | 6.7% |
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