Bioactive Ingredients Market - Growth, Trend and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||572862|
|出版日期||內容資訊||英文 150 Pages
|全球生物活性物質市場:成長，趨勢，及預測(2019年∼2024年) Bioactive Ingredients Market - Growth, Trend and Forecast (2020 - 2025)|
|出版日期: 2020年04月01日||內容資訊: 英文 150 Pages||
Global bioactive ingredients market is projected to reach USD 104.1 billion by 2024, growing at a CAGR of 5% during the period of 2019-2024
Increasing Demand from the Fortified Food and Beverages Application
There has been a considerable shift in the lifestyles and diet habits of people, over the past two decades. Urbanization and consumerism drove this shift, leading to a rapid rise in the consumption of artificial and synthetic food products, which has resulted in an increased incidence of lifestyle diseases. Consumers are aware of the ingredients used in food and beverage and they are gradually moving toward functional foods and beverages, which is promoted as beneficial basic nutrition. These products are purported to provide optimal nutrition and reduce the risk of disease occurrence. Various government initiatives are being taken, in order to increase the consumption of fortified food and beverages, especially in the developing countries, like China and India.
South America Emerges as the Fastest Growing Consumer
The potential market for South America is majorly driven by improved performance of Brazil and Argentina. Brazil is by far the most potential market for the bioactive ingredients in the whole of South America, owing to its increasing usage in applications based on food and beverage, and beauty and personal care industries. Bioactive components, found in a variety of marine-derived foods across Argentina, have been demonstrated to have preventative properties with regards to hypertension, oxidative stress, inflammation, cardiovascular diseases, cancer, and other human diseases.
The market for bioactive ingredients is fragmented, however, most of the developed market is dominated by key players presence. This being said, major players with their unique brand positioning and select distribution network have levelled up against each other in determining their presence across global platforms. Key players such as Cargill, Kerry Inc, ADM, BASF SE among others have vested a sumptuous amount of their revenue in research & development, that establishes novel product development along with upbringing of communities that signifies their presence in the market. New product innovation remained the most adopted strategy in the global Bioactive ingredients market with the highest share, followed by Mergers & Acquisitions and Expansions.