This market research report presents a detailed segmentation of the global bioactive ingredients market by ingredient type (fiber, vitamins, omega-3 PUFA, plant extracts, minerals, carotenoids and antioxidants, and probiotics) and by application (dietary supplements, functional food and beverages, and personal care). It provides a market share analysis and projection of its key regions, including APAC, Europe, North America, and ROW. Key findings also include an analysis of the leading vendors such as ADM, BASF, Cargill, DuPont and Royal DSM.
Technavio’s market research analysts estimate the global bioactive ingredients market to grow at a CAGR of around 8% between 2015 and 2019. Increase in healthy diets and consumer preference towards natural and organic ingredients are driving this market’s growth. APAC dominates the global market for bioactive ingredients, accounting for around 32% of the total market share. 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 key market contributors in this region.
“Nanotechnology is increasingly gaining prominence in the food sector, owing to the maximum distribution of bioactive compounds and micronutrients in food ingredients. Nanomaterials, through better encapsulation, improve bioavailability, antimicrobial effects and targeted delivery of bioactive compounds in the cells and tissues. Nano-encapsulation protects the bioactive ingredients against degradation and enhances prolonged gastrointestinal retention,” says Sriram Mohan, Lead Analyst, Chemicals & Materials, Technavio Research.
Fibers account for around 22% of the bioactive ingredients market during 2014 and is expected to generate around US $8 billion during the forecast period. Fibers are present in unrefined cereals, fruits, and vegetables. Growing preference towards 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.
Global fiber bioactive ingredients market
Source: Technavio Research
The leading vendors in the global bioactive ingredients market include ADM, BASF, Cargill, DuPont and Royal DSM. This market is highly competitive with the presence of small and large vendors. The market research predicts the market to witness an increased influx of private labels during the forecast period.
A more detailed analysis is available in the Technavio report, Global Bioactive Ingredients Market 2015-2019.
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