(Health-NewsWire.Net, February 13, 2018 ) According to a new market research report "Bioactive Ingredients Market 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)- Global Forecast to 2022", published by MarketDataForecast™, the market is expected to reach USD 35.09 billion by 2022 from USD 24.9 billion in 2017, at a CAGR of 7.1%. Factors driving the growth of this market include the increasing accessibility, growing geriatric populace and cost effectiveness of the Bioactive Ingredients owing to their higher portability and rapid technological innovation.
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The increasing awareness about the health benefits of bioactive ingredients particularly in their ability to cure lifestyle diseases is the major opportunity for the market in the near future. Severe ailments such as initial stages of cancer, diabetes and arthritis can also be cured by the use of bioactive foods.
Prebiotics are estimated to account for the largest market share in 2017
Based on type the market is segmented 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. Factors driving the growth of this segment include the increasing awareness among the populace about the correct application and consumption of prebiotics.
The phytochemicals and plant extracts segment is expected to dominate the market in 2017
By Application, the market is segmented 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.
North America is estimated to command the largest share of the market
Based on region, the Bioactive Ingredients Market is segmented into North America, Asia Pacific, Latin America, Europe, and Africa & Middle-East. North America accounts for the largest share of the global bioactive ingredients market, followed by Europe. Factors such as increase in the number of products being commercialized and expansion in curing applications of bioactive foods, are driving the market around the globe.
Key players in the Bioactive Ingredients Market include 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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