The bioactive ingredients market size has the potential to grow by USD 13.58 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.
This bioactive ingredients market research report analyzes the market’s competitive landscape and offers information on several market vendors including Archer Daniels Midland Co., BASF SE, Cargill Inc., DuPont de Nemours Inc., Herbalife Nutrition Ltd., Koninklijke DSM NV, Lonza Group Ltd., Nature's Sunshine Products Inc., Nestlé SA, and Roquette Frères SA. Also, the report provides a detailed analysis of the market by type (fibers, vitamins, omega-3 PUFA, plant extracts, minerals, carotenoids and antioxidants, probiotics, and other types), application (dietary supplements, functional foods and beverages, personal care, and animal nutrition), and geography (APAC, Europe, MEA, North America, and South America).
Statistical Analysis of Bioactive Ingredients Market
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Market Competitive Analysis
The bioactive ingredients market is fragmented, and the degree of fragmentation will increase during the forecast period. The growth of organized retailing will help market vendors in expanding their customer base in the bioactive ingredients market. Archer Daniels Midland Co., BASF SE, and Cargill Inc. are some of the major market participants.
The accelerating growth momentum will create immense growth opportunities for market vendors. However, challenges such as the stability concerns regarding bioactive ingredients will impede the growth of the market participants. To boost the bioactive ingredients market demand, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
This bioactive ingredients market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies which will help clients improve their market position. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this report includes information on the upcoming bioactive ingredients market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This bioactive ingredients market analysis report provides information on the production, sustainability, and prospects of several leading bioactive ingredient companies, including:
- Archer Daniels Midland Co.
- BASF SE
- Cargill Inc.
- DuPont de Nemours Inc.
- Herbalife Nutrition Ltd.
- Koninklijke DSM NV
- Lonza Group Ltd.
- Nature's Sunshine Products, Inc.
- Nestlé SA
- Roquette Frères SA
Bioactive Ingredients Market: Segmentation by Region
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APAC is one of the largest markets for bioactive ingredients, and the region will offer the maximum growth opportunities to market vendors during the forecast period. The strong presence of end-user industries and the rising consumption of bioactive ingredients such as probiotics are some of the significant factors contributing to the bioactive ingredients market growth in this region.
Over 37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for bioactive ingredients in APAC. Market growth in this region will be faster than the growth of the market in other geographies.
Bioactive Ingredients Market: Segmentation by Application
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Bioactive ingredients, such as vitamins, minerals, fibers, plant extracts, and prebiotics, are used in dietary supplements. The increasing spending on preventative healthcare options, the rising geriatric population, and the growth of e-commerce sales channels are some of the factors boosting the demand for bioactive ingredients in dietary supplement applications.
However, market growth in this segment will be slower than the growth of the market in the functional foods and beverages and personal care segments. This report provides an accurate prediction of the contribution of all the bioactive ingredients market segmentation.
Bioactive Ingredients Market Dynamics
The increasing spending by the aging population on dietary supplements will be a significant factor driving the growth of the bioactive ingredients market. The demand for dietary supplements is increasing from the aging population. The proper intake of dietary supplements, such as vitamins and minerals, delay the onset of various diseases and disorders in the geriatric population. The rising geriatric population can be attributed to better medical care and facilities, which have increased the average lifespan of people worldwide. As a result, supplement manufacturers are increasingly targeting this consumer segment by providing specialized products for age-related disorders, such as supplements for heart and bones. The increasing awareness about the nutritional benefits of vitamin and mineral premixes among consumers has also boosted the demand for fortified and enriched dietary supplements. These factors are expected to fuel the growth of the bioactive ingredients market size during the forecast period.
- The growing adoption of health and wellness food products will be one of the critical bioactive ingredients market trends contributing to market growth.
- The rising prevalence of diseases and ailments, such as obesity, diabetes, stress, and high blood pressure, have driven people to become increasingly aware of the quality of ingredients used in foods and beverages.
- This has resulted in the increasing demand for health and wellness food products that provide several health and functional benefits to consumers.
- Bioactive ingredients-based food and beverage products are rich in vitamins, minerals, and fibers, and have low calorific value.
- These products provide the necessary vitamins and other macronutrients required for maintaining a healthy lifestyle for people who follow a healthy diet with low-calorie content.
- Market vendors are launching various innovative products having high nutritional value to cater to this growing demand for health and wellness food products.
- The health benefits of bioactive ingredients and the growing health awareness among consumers will boost the growth of the market throughout the next five years.
- During 2020-2024, the bioactive ingredients market size will grow at a CAGR of almost 7%.
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Key Highlights of the Bioactive Ingredients Market Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the bioactive ingredients market growth during the next five years
- Precise estimation of the bioactive ingredients market size and its contribution to the parent market
- Bioactive ingredients market facts & figures and accurate predictions on upcoming trends and changes in consumer behavior
- Estimation of potential opportunity for bioactive ingredients market by type, application, and geographic segments
- Identification of key countries across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of bioactive ingredients vendors
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