Global bioactive ingredients market is expected to amass proceeds worth $50.89 billion by 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2018-2026.
As per the findings of the study, the increasing fitness craze among individuals is predicted to trigger product demand for bioactive ingredients market. These products accompany a plethora of health benefits due to their admirable anti-allergic, antioxidant, anti-inflammatory, anti-uropathy, anti-viral, anti-tumor, anti-obesity properties. Hence, these robust health benefits along with product’s ability to help manage health conditions would drive the bioactive ingredients market growth during the forecast timeframe.
The report cites that recent studies have unveiled that the consumption of fiber-based products can help tackle various diseases like obesity and diabetes. They are also known for reducing chronic degenerative ailments. The product demand has benefitted from such trends in the recent past and is anticipated to depict a consistent incline over the forecast period.
The report also sheds light on several applications and product segments that are significantly contributing to the bioactive ingredient market growth. Vitamin bioactive ingredients are found to have health effects on the human body, especially the skin. Intake of vitamins in appropriate amounts can enhance collagen production, decreases melanin formation and pigmentation and helps in attaining a toned skin. The ingredient can also be used for lightening and reducing wrinkling of the skin. Such benefits associated with the ingredient is expected to impel the vitamin bioactive ingredients segment over the estimated timeframe.
Effective encapsulation methods are being highly deployed for the preservation of these compounds until it makes it to the physical action site. Bioactive food variants have gained immense attention on account of its possible health benefit propositions. They are essential for the improvement of endothelial function, raising gut microbial diversity, decreasing bone loss, and the overall enhancement of cognitive body function.
Novel extraction procedures for plant-based bioactive ingredients have been developed, which are eco-friendly, need less operational time, and don’t hinder the quality of extracts. In addition, there has also been a rise in demand for plant extracts and bioactive ingredients from applications like chemical and food industries. Hence, such trends will boost segment growth and present the global bioactive ingredients market with lucrative growth opportunities over the forecast timeline.
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According to the report, the functional food and beverages application segment conquered the global bioactive ingredients market in recent years and is anticipated to continue its dominance over the forecast period. Functional foods are known to help consumers through preventive healthcare, which along with the availability of functional foods’ vast product portfolio, is expected to boost the segment’s market growth.
Dietary supplements are another lucrative segment for the bioactive ingredients market, owing to factors like consumer’s rising disposable income paired with increased awareness pertaining to the usage of these products, thereby favoring segment demand in the foreseeable years, cites the report.
Furthermore, the report provides an in-depth analysis of the bioactive ingredients market drivers, restraints, and opportunities over the forecast period. A deep dive analysis of the report in terms of application, product outlook, regional outlook, and competitive rankings analysis has also been detailed in the report.
The competitive landscape of the global bioactive ingredients market encompasses major industry participants like BASF, Cargill Inc., DuPont, Ingredion Incorporated, Archer Daniels Misland Company, Owen Biosciences Inc., and Ajinomoto Co. Inc. These companies are converging more toward the development of innovative products in order to boost market share and enlarge customer base. They are also offering personalized products to treat specific diseases such as skin ailments, thereby augmenting the global bioactive ingredients market growth over the projected timeframe.