The global bio-active ingredients market is anticipated to reach USD 50.89 million in 2026 and is forecasted to grow at a CAGR of 5.5 % from 2018 to 2026.
New York City, NY -- (SBWIRE) -- 12/10/2018 -- Rising demand for organic ingredients in food products due to trend of healthy and balanced nutrition has driven the market for bioactive ingredients. Increasing requirements for omega 3 products, fiber, plant extractors and probiotics in industries such as personal care, functional food processing, and nutritional supplements to augment product demand over the forecast period.
Increasing levels of disposable income, rising consumer buying power has brought around a change in lifestyles has influenced the sales of nutraceuticals and functional food products. These foodstuffs offer additional nutritional value and add to maintaining a balanced healthy diet that are not fulfilled with the regular food meals. However, regulatory norms is a major area of concern in this industry and industry participants are under strict mandates of following them during processing, labelling and even product marketing.
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Acquisitions and mergers within the industry participants play a major role in impacting market dynamics. Penford Corporation was overtaken by Ingredion Integrated in 2014 and this created opportunities for the later to venture into the business of manufacturing specialty ingredients for non-food and food applications. This strategic initiative was primarily focused on producing specialty ingredients for catering to the end-use segments in the European region.
Suppliers in this market has been actively involved in sourcing for raw materials as well and most of the players in the industry are backward integrated. This have been the trend within the value chain and is a cost-effective way to avoid all f the hassles of material procurement.
Several research work in the recent past has proved that intake of balanced quantity of fiber or fiber rich foods helps in preventing several diseases including obesity and diabetes. These products also act as a solution to minimize chronic degenerative and aliments. These are some of the advantages that these products have to offer and has been helping in generating demand.
Vitamins, a bioactive ingredient type have numerous influential health benefits for humans mainly for skin. A balanced intake of vitamin rich food stimulates the production of collagen, restricts formation of melamine, removes pigmentation and is helpful for toned skins. These advantages will further boost product application in new finished food and personal care products.
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Competitive Landscape and Key Vendors
Asia Pacific was the largest regional market in 2017. The region is the host to world's largest food manufacturing and processing industry in terms of production output. Growing demand for nutrition rich and functional food stuffs in the region due to increasing purchasing power and a shift in lifestyle. Greater availability of raw materials for manufacturing of bioactive ingredients in the South East Asian countries is the primary advantage to the region's low-cost production figures. Europe and North America are the major importers of raw materials of these products from Japan, Malaysia, India, Indonesia and even Philippines.
The major companies operating in the industry space comprise of Cargill Inc., BASF, DuPont, Ajinomoto Co. Inc., Archer Daniels Misland Company, Ingredion Incorporated, Roquette, Arla Foods, Owen Biosciences Inc. and FMC Corporation.
Key Segments
Product Segment
- Fiber
- Vitamin
- Omega 3 PUFA
- Plant Extract
- Minerals
- Carotenoids & Antioxidants
- Probiotics
Application Segments
- Functional Food & Beverages
- Dietary Supplements
- Clinical Nutrition
- Personal Care
Region
- North America
o U.S.
o Canada
- Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of Europe
- Asia-Pacific
o China
o India
o Japan
o Korea
o Australia
o Malaysia
o Indonesia
o Philippines
o Rest of Asia-Pacific
- Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
- Middle East and Africa
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
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