Asia Pacific Bioactive Ingredients Market

Asia Pacific Bioactive Ingredients Market Growth and Forecast (2023 - 2028):

Asia Pacific Bioactive Ingredients Market size was worth $10 billion in 2022 and estimated to be growing at a CAGR of 7.63%, to reach $14.45 billion by 2028. Globally, Asia-Pacific is the leading market and predicted to rise at the highest growth rate in the forecast period for bioactive ingredients market.

Market Overview:

A Bioactive Compound is a complex that has an influence on a living organism, tissue or cell. In the arena of nutrition, bioactive compounds are distinguished from vital nutrients. However, while being non-essential they are also quite popular due to their inherent health benefits, often attributed to them by the manufacturers or suppliers.

Drivers and Restraints:

Increasing health consciousness along with growing health concern among customers is anticipated to augment the sales of the overall market. Currently, people are awake about sustaining a balanced diet with a suitable content of vital nutrients. Consumers are also becoming alert of their treatment, health and prevention of diseases. Market skimming practices are hampering the growth of the market.

Asia Pacific Bioactive Ingredients Market Segmentation Analysis:

Asia Pacific market for Bioactive Ingredients is segmented by type into Prebiotics, Probiotics, Amino Acids, Peptides and Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants and Other Bioactive Ingredients. The bioactive ingredients market is segregated by application into Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition and Personal Care. Phytochemicals & plant extracts demonstrate to be the most accepted ingredients with the highest probable growth rate while functional beverages segment is attracting the health-conscious people.

Geographical Analysis:

Geographically the market is segmented into China, India, Japan, South Korea and Australia. China and India are the dominating market for this region due to high consumption.

Key Players in the Market:

Major Key Players in the APAC Bioactive Ingredients Market are

• Arla Foods
• Ingredion Incorporated
• Koninklijke DSM N.V
• BASF SE
• Ajinomoto Co. Inc
• FMC Corporation
• Cargill Incorporated
• Archer Daniels Midland Company
• Roquette