The Bioactive Ingredients Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Bioactive Ingredients Market is estimated to be 24.9 USD billion and predicted to rise to 35.09 USD billion with a CAGR of 7.1%. The market is segmented by Type (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) by Application (Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition and Personal Care). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for bioactive ingredients is expected to experience a high growth. This estimate is endorsed to the spreading bioactive industry, which is a result of augmented consumer alertness and health concerns. Customers incline towards the usage of functional foods over dietary supplements as means to avoid lifestyle associated health issues. Market skimming practices are hampering the growth of the market.
Fibers segment appeared as the prominent product segment and accounted for a large share of the total industry in 2016. Fiber consumption has showed chemo protective effects for cancer proliferation applications. Functional food & beverage are reflected to deliver health benefits above the probable value.
Asia Pacific bioactive ingredients market led the global industry and is likely to witness the highest growth at a high CAGR over the next few years. Growing disposable income along with demand for dietary supplements & functional food and beverages is expected to aid the market growth.
Some of the key players functional in bioactive ingredients market consist of Arla Foods, Ingredion Incorporated Koninklijke DSM N.V., BASF SE, Ajinomoto Co. Inc., FMC Corporation, Cargill Incorporated, Archer Daniels Midland Company and Roquette.
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