Global Bioactive Ingredients Market 2015-2019
Market outlook of bioactive ingredients
Bioactive ingredients are bio-molecules added to food products to help in the metabolic process for improved health. They also play a significant role in filling the gap for the lack of balanced diet and insufficient intake of nutritional food. The increased awareness of health concerns among consumers is the primary driver for the growth of this market. Technavio’s market research analyst predicts the bioactive ingredients market to grow at a rate of 8% during the forecast period.
The stringent rules and intense regulatory scrutiny for the utilization of food ingredients pose a challenge for the growth of the market. For instance, the FDA needs detailed information on the technical data, structural modifications of genetically modified microorganisms (GMMs), and the manufacturing and purification process. They also require a report on the firm's long-term experience with certain bioactive ingredients in the end product to grant GRAS status to the product.
Competitive landscape and key vendors
The global bioactive ingredients market is highly competitive with the presence of small and large vendors. The research report predicts the market to witness an increased influx of private labels during the forecast period.
The leading vendors in the market are –
- Royal DSM
Other vendors in the market include AJINOMOTO, Amway, Arla Foods Amba, Danone, FMC, General Mills, Herbalife, Kellogg’s, Koninklijke DSM, Nature’s Sunshine, Nestle, PepsiCo, and Roquette.
Segmentation by ingredient type and analysis of the bioactive ingredients market
- Omega-3 PUFA
- Plant Extracts
- Carotenoids and antioxidants
The fiber segment accounted for 22% of the market share during 2014 and is expected to grow at a rate of 8% during the forecast period. Fibers are present in unrefined cereals, fruits, and vegetables. The growing attention to a healthy lifestyle, intestinal health, combating major disorders such as obesity and diabetes, and prevention of cardiovascular diseases and cancer has resulted in an increased research focus on dietary fiber products.
Segmentation by application and analysis of the bioactive ingredients market
- Dietary supplements
- Functional food and beverages
- Personal care
Dietary supplements accounted for around 40% of the market share during 2014. Manufacturers are formulating various products with innovative ingredients and formulation, to meet the need of the ever-increasing health conscious consumers within this segment.
Geographical segmentation and analysis of the global bioactive ingredients market
- North America
APAC accounted for 32% of the global market share during 2014. The region’s growth is driven by the increase in disposable income and the demand for dietary supplements and functional food and beverages. China, India, and Russia are the market leaders in this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global bioactive ingredients market?
- What are the key market trends impacting the growth of the bioactive ingredients market?
- What are the challenges to market growth?
- Who are the key vendors in the bioactive ingredients market?
- What are the market opportunities and threats faced by the vendors in the bioactive ingredients market?
- Trending factors influencing the market shares of the APAC, Europe, North America, and ROW?
- What are the key outcomes of the five forces analysis of the global bioactive ingredients market?
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