Bioactive Ingredients Market to Exceed USD 51.7 Bn by 2024, States Grand View Research in Its Insightful Report Published at MarketPublishers.com14 Dec 2016 • by Natalie Aster
LONDON – By 2024, the world’s market for bioactive ingredients is set to exceed USD 51.7 billion, driven by a range of favourable factors like increasing disposable incomes, impressive technological advances, rising health awareness and concerns, and also health benefits provided by bioactive ingredients.
However, the production of bioactive ingredients might be potentially dangerous for plants and environment because of deforestation, which is likely to become one of the top hampers of further growth in the bioactive ingredients market growth in the offing.
Fibers took the leading position in 2015, capturing a share of more than 25% of global bioactive ingredients industry revenues. This is attributed primarily to high effectiveness of fibers and also enhancing awareness of its lucrative benefits.
In the meantime, the functional food and beverages segment is anticipated to grow at the highest CAGR of nearly 7.4% through 2024. Growth in this segment is supported by strong demand from consumers.
As of 2015, APAC was the leading consumer of bioactive ingredients, and this regional market accounted for more than 35% of total industry revenues. Over the next eight years, APAC is likely to continue witnessing the highest growth rates (about 7.5%). Changing lifestyles and escalating health consciousness, especially in China and India, are amid the top drivers of the APAC bioactive ingredients market.
Top companies in the world’s market for bioactive ingredients includes Mazza Innovation, Sabinsa Corporation, Ingredion Incorporated, BASF, Cargill, Ajinomoto, Archer Daniel Midland Company and DuPont.
In-demand research report “Bioactive Ingredients Market Analysis By Product, By Application And Segment Forecasts To 2024” drawn up by Grand View Research includes an all-around analysis of the global bioactive ingredients. The publication provides a detailed analysis of the market segmentation in terms of products, applications and regions. It discloses info on the market size, shares, value chain, growth prospects, dynamics, growth drivers and restraints, key future opportunities and challenges. This insightful research report offers PESTEL and Porter’s five forces analyses. Regional markets for bioactive ingredients are also explored here. Competitive landscape and 10 dominant companies are covered as well. Granular future forecasts for the market (at the global and regional scales) through 2024 are also included.
Other comprehensive reports by Grand View Research are available at this page.