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Global bioactive ingredients market to surpass $50.89 billion by 2026
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Thursday, 22 August, 2019, 08 : 00 AM [IST]
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The global bioactive ingredients market size is anticipated to witness significant growth over the forecast period, and by 2026, the industry revenue estimates are projected to reach $50.89 billion. Increasing awareness of fitness among people is expected to positively impact the demand of bioactive products market.
These were the findings of Market Study’s report on the global bioactive ingredients market, that gives meticulous investigation of the current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
The functional food and beverages application segment dominated the global bioactive ingredients market over the recent years, and is expected to continue this dominance across the forecast period.
Due to its inherent set of advantages, there has been growing awareness regarding preventive healthcare across the globe. Functional foods help consumers in their pursuits towards preventive healthcare. This factor, coupled with the available product portfolio of functional foods, is expected to aid the segment market growth.
Vitamin bioactive ingredients have been found to have health effects on the human body especially the skin.
Proper intake of vitamin enhances collagen production, discourages melanin formation and pigmentation, and is helpful for a toned skin. They can also be used to reduce wrinkling and lightening of the skin. Such advantages are expected to boost the segment demand over the forecast period.
Bioactive ingredients are used in personal care as they are having various effects such as healthy skin, reduced wrinkles and reduction in melamine formation.
Personal care application segment has seen a rise in market size over the recent past due to various factors, such as changing perceptions, rising disposable income and increasing standard of living.
The growth in personal care industry is expected to benefit the market growth of bioactive ingredients over the forecast period.
Dietary supplements are used to maintain the proper functioning of the human body. Due to factors such as rising disposable income, and access to various sources such as the Internet, have led to an increase in awareness regarding dietary supplements usage.
All these factors are expected to benefit the segment demand over the forecast period. Clinical nutrition has gained importance in recent past owing to its role in maintaining body health and treatment to patients.
Bioactive ingredients assist in clinical nutrition as they help in maintain a healthy body. This trend is expected to benefit the segment demand over the forecast period.
Companies are focussing more on development of innovative products to acquire market share. Customised product offerings to treat specific diseases such as skin diseases are being developed by industry participants.
Major industry participants include BASF, DuPont, Cargill Inc, Archer Daniels Misland Company, Ingredion Incorporated, Ajinomoto Co. Inc and Owen Biosciences Inc.
The global bioactive ingredients market was differentiated on the bases of product, application and region: Bioactive ingredients market size and forecast, by product
- Fibre
- Vitamins
- Omega 3 PUFA
- Plant extracts
- Minerals
- Carotenoids and antioxidant
- Probiotics
- Others
- Bioactive ingredients market size and forecast, by application
- Functional food and beverages
- Dietary supplements
- Clinical nutrition
- Personal care
- Others
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