Market Insight
Bioactive ingredients in foods are those that are not required to sustain life, but still, have an effect on the organism. They are extra-nutritional constituents that are found in small quantities in foods providing health benefits beyond the basic nutritional value of the product. Bioactive compounds may naturally occur, such as the fatty acids in milk, or are produced in a certain environment, such as the controlled fermentation of vegetable matter to produce alcohol. The most commonly known bioactive ingredients include prebiotics & amino acids, vitamins & minerals, carotenoids & antioxidant, phytochemical & plant extracts, peptides & proteins, and others.
Asia Pacific is anticipated to show a significant growth in the bioactive ingredients market over the forecast period, 2017-2024. India and China are leading this market and are expected to be the dominating players over the review period. Growing urbanization and changing the lifestyle of the population in developing countries are majorly contributing to the growth of bioactive ingredients in this region. Moreover, growing inclination towards functional foods and beverages is boosting the growth of bioactive ingredients in this region.
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Furthermore, the high focus on technological advancements and growing trend of microencapsulation are likely to propel the growth of the bioactive ingredients market during the assessment period. Asia Pacific bioactive ingredients market is anticipated to grow at a CAGR of 6.7% during the forecast period, 2017-2024.
Major Key Players
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major bioactive ingredient players. It further includes product portfolios, developments of leading players, which includes Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Koninklijke DSM N.V. (The Netherlands), AJINOMOTO CO. INC (Japan), Ingredion Incorporated (U.S.), FMC Corporation (U.S.) and Arla Foods (Denmark)
Key Findings
Demand for caffeine as a bioactive ingredient is witnessed to be growing steadily over the forecast period
Cosmetic industry is uplifting the growth of bioactive ingredients through high consumption in personal care products
Segments
Global Bioactive Ingredients Market is segmented on the basis of type, which includes prebiotics & amino acids, vitamins & minerals, carotenoids & antioxidant, phytochemical & plant extracts, peptides & proteins, and others. Among all, the phytochemical & plant extract segment is witnessed to be growing substantially over the forecast period. Moreover, the vitamins & minerals segment is anticipated to have a steady growth based on growing consumption in cosmetic industry over the estimated period.
On the basis of the source, the bioactive ingredients market is segmented into plant, animal, and other sources. Among them, the plant segment is projected to be leading the market share followed by the animal segment.
On the basis of application, bioactive ingredients market is segmented into functional foods, functional beverages, dietary supplements, animal nutrition, and others. Among all, the dietary supplement segment is witnessed to be dominating the market. However, increasing consumption of functional beverages in developed countries is influencing the growth of functional beverages segment over the noticed period.
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