According to the latest report by IMARC Group, titled "Bioactive Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global bioactive ingredients market size reached US$ 35 Billion in 2019. Bioactive ingredients are supplementary phytochemical compounds that are widely found in small quantities within multiple food items, such as tea, nuts, fruits, vegetables and cereals. They are rich in essential macro and micronutrients, including fats, proteins, carbohydrates, vitamins and minerals. They also contain high concentrations of antioxidants and have anti-inflammation and anti-microbial properties. They are essential in inhibiting receptor activities, modulating metabolic processes, and inhibiting or inducing enzymes and gene expression. They aid in improving the immune system and the overall health of consumers while minimizing the risks of developing multiple diseases, including stroke, cancer, diabetes, cataract, heart diseases and Alzheimer’s.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Bioactive Ingredients Market Trends:
The market is primarily driven by the increasing demand for dietary supplements on the global level. Growing health consciousness among the masses, supported by the rising incidences of lifestyle diseases, has contributed to the increasing uptake for nutraceuticals. Primarily made from bioactive ingredients, they are widely available in the market in the forms of pills, tablets and powder. Apart from this, these ingredients are also utilized in the manufacturing of numerous personal care products. They form an essential component of soaps, shampoos and creams as they improve health and enhance the texture of the skin and hair. These expanding applications are, in turn, providing an impetus to the market growth. These ingredients are further utilized for the brewing and distilling of numerous alcoholic beverages across the globe. This, along with rapid urbanization, inflating disposable income levels and the growing trend of weekend social gatherings and parties, is acting as another major growth-inducing factor. On account of the aforementioned factors, the market is anticipated to exhibit moderate growth during 2020-2025.
- On the basis of the ingredient type, fibers represent the most preferred ingredient type. Other major types of ingredients include vitamins, omega-3 PUFA, minerals, carotenoids and antioxidants, probiotics, plant extracts, and others.
- Based on the application, dietary supplements account for the majority of the total market share. Other major application segments include functional beverages, personal care and animal nutrition.
- On the geographical front, the market has been divided into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa. Among these, Asia Pacific holds the leading position in the market.
- The competitive landscape of the market has been examined in the report with the detailed profiles of the key players. Some of these players include Cargill, Incorporated, Archer Daniels Midland Company, BASF SE, Arla Foods Group, Ajinomoto Co., Inc., Ingredion Incorporated, FMC Corporation, Roquette Frères, Mazza Innovation Ltd, and Sabinsa Corporation.
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