DUBLIN--(BUSINESS WIRE)--Jan 7, 2021--
The "Global Bioactive Ingredients Market - Growth, Trend and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
Global bioactive ingredients market is projected to register a CAGR of 8.27% during the period of 2020-2025.
- Archer Daniels Midland Company
- DuPont de Nemours Inc.
- Kerry Group
- Ingredion Incorporated
- BASF SE
- Cargill Incorporated
- Koninklijke DSM
Key Market Trends
Rising Healthcare Cost and Focus on Preventive Healthcare
The global marketplace has witnessed a paradigm shift from curative practices to preventive management in healthcare, making it one of the prime growth factors for bioactive ingredients, such as probiotics, prebiotics, vitamins, omega-3, and others. The rising preference for dietary supplements/health supplements for controlling healthcare costs is also likely to consequence well for the market growth of bioactive ingredients. According to the United Nations population data, Europe and Japan are home to the largest aging populations in the world, where one in four of all Europeans is aged 60 years and over. Italy, Germany, France, Denmark, and Spain, among others, are some of the major European countries with the highest percentage of aging population.
The diverse applications of bioactive ingredients, ranging from skin to bones, and increased awareness about their benefits among the consumers across the globe have played key roles in meeting the daily nutritional requirement of the consumers who seek to maintain their health through supplements and fortified food and beverages. This, in turn, has significantly accelerated the growth of the market studied. Furthermore, various government initiatives are being taken to increase the consumption of fortified food and beverages, especially in the developing countries, like China and India, which in turn, will eventually accelerate the growth of the market studied.
Asia Pacific Emerges as the Fastest Growing Market
The Asia Pacific region provides a potential and promising market for bioactive ingredient, owing increasing demand for functional ingredients for both human as well as human nutrition. In order to address the growing demand for functional ingredients, several bioactive ingredient manufacturers are expanding their product lines. For instance, the Chinese ingredient company, Shenzhen Qianhai Xiaozao Technology Co. Ltd, initiated the production of algae omega-3 with highly refined EPA ingredient, thereby expanding their bioactive ingredient offerings. Furthermore, in Asian countries like Japan with an increasing ageing population, the strong growth in fortified/functional food and beverage as ell as dietary supplement are one of the major driving the demand for bioactive ingredients such as omega-3, vitamins, protein, probiotics and others.
Thus, several Japanese bioactive ingredient suppliers are now engaging in partnerships and expansions, in order to consolidate their market positioning. For instance, Neptune Bioressources of Quebec has established a partnership with Japan's Koyo Chemical to sell glucosamine (from Koyo) and krill oil (from Neptune) combination and to produce the supplement for joint health in Japan, as well as other markets. Leading cosmetic companies from countries, like Singapore, China, South Korea, and Japan, are producing biologically-infused products, owing to shift in consumer preferences toward naturally-sourced ingredient products.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Ingredient Type
5.1.1 Probiotics and Prebiotics
5.1.2 Omega-3 Fatty Acids
18.104.22.168 Vitamin A
22.214.171.124 Vitamin B
126.96.36.199 Vitamin C
5.1.5 Plant Extracts
5.1.7 Amino Acids, Proteins, and Peptides
5.2 By Application
5.2.1 Food and Beverages
5.2.2 Dietary Supplements
5.2.3 Animal Nutrition
5.2.4 Personal and Beauty Care
5.3.1 North America
5.3.3 Asia Pacific
5.3.4 South America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/3407v2
View source version on businesswire.com:https://www.businesswire.com/news/home/20210107005563/en/
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INDUSTRY KEYWORD: RETAIL PHARMACEUTICAL HEALTH FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 01/07/2021 09:01 AM/DISC: 01/07/2021 09:02 AM