The Bioactive
Ingredients Market report discusses the
primary market growth drivers and challenges that the vendors and the market as
a whole face and provides an overview of the key trends emerging in the market.
It also talks about the market size of different segments and their growth
aspects along with key leading countries in Americas, Asia-Pacific, Europe, the
Middle East, and Africa regions.
Global
bioactive ingredients market is expected to reach USD 51.71 billion by 2024.
The bioactive ingredients industry is estimated to grow at a significant CAGR
in the upcoming period as the scope and its applications are rising enormously
across the globe. Bioactive ingredients are extra nutritional constituents
found in small quantities in foods that have a biological effect on the body.
These ingredients are derived from living systems and plants.
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Some of the
major objectives of this report:
1. To provide
detailed analysis of the market structure along with forecast of the various
segments and sub-segments of the global Bioactive Ingredients Market.
2. To provide
insights about factors affecting the market growth. To analyze the Bioactive
Ingredients Market based on various factors- price analysis, supply chain
analysis, porter five force analysis etc.
3. To provide
historical and forecast revenue of the Bioactive Ingredients Market segments
and sub-segments with respect to four main geographies and their countries-
North America, Europe, Asia, and Rest of the World.
4. Country
level analysis of the market with respect to the current market size and future
prospective.
5. To provide
country level analysis of the market for segment by application, product type
and sub-segments.
6. To provide
strategic profiling of key players in the market, comprehensively analyzing
their core competencies, and drawing a competitive landscape for the market.
7. Track and
analyze competitive developments such as joint ventures, strategic alliances,
mergers and acquisitions, new product developments, and research and
developments in the global Bioactive Ingredients Market.
The factors
that are playing a major role in the growth of bioactive ingredients market are
growing per capita income in developing countries, the rising health concerns,
and growing awareness among populace regarding a healthy lifestyle. However,
intra-government standards and lack of patent protection guidelines and
licensing are the factors that may restrain overall market growth in the years
to come. Bioactive ingredient market is segmented based on type, application,
and region.
Carotenoids
& antioxidants, prebiotics, fibers & specialty carbohydrates,
probiotics, vitamins, amino acids, peptides & proteins, minerals, omega 3
& structured lipids, phytochemicals & plant extracts, and other types
could be explored in bioactive ingredients in the forecast period. Fibers &
specialty carbohydrates sector accounted for the significant market share of
bioactive ingredients and are estimated to lead the overall market in the years
to come. The reason could be rising awareness among populace regarding a
healthy lifestyle, prevention of cancer and cardiovascular diseases, and
maintaining intestinal health. Also, phytochemicals & plant extracts sector
is estimated to grow at the fastest pace in the years to come.
The market
could be categorized based on applications like personal care, functional food,
animal nutrition, functional beverages, dietary supplements, and others that
could be explored in the forecast period. Dietary supplement sector accounted
for the substantial market share of bioactive ingredients and is estimated to
continue with its dominance in the years to come. The reason could be growing
health-conscious customers. Also, the sector is estimated to grow at the
highest CAGR in the years to come.
Globally, Asia
Pacific accounted for the substantial market share of bioactive ingredients and
is estimated to lead the overall market in the years to come. The reason behind
the overall market growth could be the growing population and urbanization in
several emerging countries, high demand for functional food and beverages and
dietary supplements, and rising disposable income. The developing countries
like India, Russia, Brazil, and China are the major consumers of bioactive
ingredients in this region.
The key
players of the bioactive ingredients market are BASF, DuPont, ADM, Royal DSM,
and Cargill. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
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