Bioactive Ingredients Market Scope:
The bioactive ingredients market can expect to capture a 7.3 percent growth between 2022 and 2030, touching almost USD 51.73 billion by 2030.
Bioactive Ingredients Market Growth Boosters:
The Bioactive Ingredients Market Size value is bolstered by the surging application scope in various end-use sectors including pharmaceutical, nutraceuticals, animal feed, and personal care, to mention a few. The surging focus on preventive healthcare among consumers has bolstered the sales of different products that contain high levels of bioactive ingredients like carotenoids etc.
The market size is also augmented by the rising inclination towards natural and organic ingredients among consumers, which compels the manufacturers to use bioactive ingredients in their products.
Bioactive Ingredients Market Opportunities:
Latin America and numerous emerging markets present attractive opportunities to the top brands, given the exploding population that is concerned about their personal wellness. The mushrooming elderly populace worldwide further present lucrative opportunities, as use of healthy-aging ingredients in various products continues to mount. The heightened popularity of numerous online channels also helps the players to bolster their consumer reach.
Major Key Players:
Cargill Inc. (US), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (Netherlands), AJINOMOTO CO. INC (Japan), Ingredion Incorporated (US), FMC Corporation (US), Arla Foods amba (Denmark), E. I. du Pont de Nemours and Company (US), BASF SE (Germany), Roquette Frères (France), Mazza Innovation Ltd (Canada), Sabinsa Corporation (US), Nuritas (Ireland), Vytrus Biotech (Spain), Kuehnle AgroSystems (US)
Recent Development:
Mar 2022 Demetrix, a biotechnology business that makes bioactive chemicals, announced its commercial manufacturing campaign for cannabigerol in 2022. (CBG). Initial global clients in the personal care and nutrition industries have agreed to buy over 70% of our total output this year, generating multi-million-dollar revenue in 2022. This is the first of several successful commercial productions runs Demetrix will accomplish to service a growing external customer base this year.
Mar 2022 Prodalim Resources Ltd will demonstrate prototypes of their Capsoil FoodTech platform, which converts bioactive oil molecules into water-soluble powders, such as fat-soluble vitamins, nutritious oils, and lipid-based minerals. Oil-based substances may be transformed into an ultra-fine, water-soluble,self-emulsifying powder using the Capsoil FoodTech platform, making them easier to incorporate into a wide range of foods, drinks, and expanded forms of nutritional supplements.
Bioactive Ingredients Market Segmentations:
Depending on ingredient type, the Bioactive Ingredients Market caters to carotenoids, prebiotic amino acid, probiotic, phytoextract, omega three fatty acids, and more.
Major applications of bioactive ingredients are pharmaceuticals nutraceuticals, food beverages, animal feed, personal care, and others.
Key sources of bioactive ingredients are animal, microbial, and plant.
Regional Insights:
Asia Pacific will be the leading market for Bioactive Ingredients Market in the years to come, thanks to the rising consumer awareness as well as mounting inclination towards natural and healthy products. People in the region are increasingly opting for healthy food that caters to every need for essential nutrients within the body. Animal feed developers are working on obtaining more output from the animals, owing to which they make use of various nutritious ingredients in animal feed, which can enhance the demand for bioactive ingredients in subsequent years. Plus, soaring awareness level regarding bioactive ingredients among medical professionals, and the thriving personal care sector that make extensive use of bioactive ingredients in products further augment the bioactive ingredients market position in the region.
Europe will, however, garner the fastest growth rate between 2020 and 2027, on account of the surging health care spending and the rise in lifestyle diseases. Surge in people’s inclination towards organic and natural ingredients instead of synthetic ingredients also bolsters the market worth in the region. Inadequacy in nutrition uptake owing to the prevailing hectic lifestyles and surge in co-prescription of regular drugs with bioactive ingredients foster the market demand. The flourishing nutraceutical and pharmaceutical industries in the region boost the growth rate of the European market as well.
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