Bioactive Ingredients Market Size, Share, Growth, Trends and Forecast Report
by Susan Hill Business ConsultantThe
global bioactive ingredient market is expected to reach
USD 51.71 billion by 2024, according to a new report by Grand View Research,
Inc. Increasing disposable income coupled with growing health awareness among
consumers is expected to aid the market growth. Their functional properties are
capable of acting on the human metabolism physiology by providing potential
health benefits.
The
extraction of these bioactive compounds from original sources provides ample
opportunities for adding value to food products and also improves the dietary
patterns of the changed consumer’s lifestyle. They also help in preventing
diseases related to heart, cancer, degenerative forms and Alzheimer’s.
Marine
environment is a significant source for yielding bioactive components. Consumption
of long-chain fatty acids by some fish species is strongly associated with
protection from coronary heart diseases (CHD). Fish Origin Omega 3 PUFA oil are
claimed to have a lot of health benefits related to a person’s diet.
Recently, it
has been reported that there is an increasing demand for fish
oils and fish oil fortified products across various regions. Marine
organisms are potentially identified for calcium, antioxidants,
anti-hypertensive proteins, selenium, and chitin. Their usage in functional food
segment is regarded as the most important part and is expected to affect the
overall market over the next eight years.
However,
extraction of medicines derived from plants is affecting the environment by
causing deforestation and is expected to affect the industry critically over
the forecast period. Also, to meet the rising consumer's interest for these
products, manufacturers is putting a lot of pressure on the marine organisms.
Recent
technological advances such as microencapsulation are adopted for protecting
bioactive ingredients from unwanted reactions and oxidation. There is a rising
demand among manufacturers to find suitable solutions that provide higher
productivity and adequate quality of the final products.
Further key
findings from the report suggest:
- Fibers were the
leading product segment and accounted for over 25% of global revenue in
2015. The effectiveness of fibers and rising awareness regarding its
benefits are the primarily attributed reasons for this scenario.
- Functional food
& beverage product segment is expected to witness the highest CAGR of
7.4% over the forecast period. The consumers owing to its potential health
benefits prefer this segment.
- Asia Pacific
was the leading consumer and accounted for over 35% of total revenue in
2015. The region is also expected to witness the highest growth of 7.5%
over the next eight years. Changing lifestyle coupled with rising health
consciousness among people particularly in China and India is drive the
regional growth.
- Key industry
participants include Mazza Innovation Ltd., Sabinsa Corporation, Ingredion
Incorporated, BASF, Cargill Inc, Ajinomoto Co. Inc, Archer Daniel Midland
Company and DuPont.
Access full
research report on global bioactive ingredient market:
www.grandviewresearch.com/industry-analysis/bioactive-ingredients-market
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Created on Oct 30th 2019 05:39. Viewed 319 times.