Bioactive Ingredients Market by Ingredient (Probiotics & Proteins) Worth $33.6 Billion by 2018 - New Report by MarketsandMarkets
(PRWEB) September 12, 2014 -- The report “Bioactive Ingredients & Product Market by Ingredient (Probiotics, Proteins, Plant Extracts, Minerals, Vitamins, Fibers, Carotenoids), by Product (Functional Foods, & Beverage, Dietary Supplements, Animal Nutrition, Personal Care) - Global trends & forecast to 2018” is published by MarketsandMarkets . According to the report, the bioactive ingredients market is estimated to grow from $23.8 billion in 2013 to $33.6 billion in 2018 at a CAGR of 7.2% from 2013 to 2018.
Browse 131 market data tables and 35 figures spread through 324 pages and in-depth TOC on “Bioactive Ingredients & Product Market."
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The bioactive ingredients market is an emerging sector with various stakeholders such as raw material suppliers, processors, product manufacturers, and end-use consumers. The products include functional food, beverages, dietary supplements, animal nutrition, and personal care items. The bioactive products and ingredients market are inter-dependent on each other as any shift in one will have a direct impact on the other. Growing awareness and reliability on bioactive products is offering a strong consumer base for the market. Bioactive ingredients are essential for various health purposes and to prevent chronic diseases that may occur due to lack of required nutrients in the body.
The global market for bioactive ingredients is expected to grow at a rate of 7.2% from 2013 to 2018. Asia-Pacific forms the dominant market in the field of bioactive ingredients. This can be attributed to the continuously growing population, urbanization, increasing disposable income, and changing lifestyles of people.
Taking into consideration the ingredient type, fibers and specialty carbohydrates are estimated to acquire the largest share due to widespread application. In the future, plant extracts & phytochemicals are expected to experience the highest growth due to regular improvisation in the application of plant extracts and phytochemicals in the bioactive industry.
Based on application, functional beverages are expected to experience the highest growth due to market demand and convenience rendered to consumers.
The bioactive ingredients market is fragmented with a large number of players capturing a small ratio in the overall market. The market is occupied by a few large and many small & medium players. However, the major players identified in the bioactive ingredients market include DuPont (U.S.A), Royal DSM (The Netherlands), Cargill (U.S.A), ADM (U.S.) and BASF (Germany).
The top five players of the bioactive ingredients industry capture a share of 35.2%, whereas other players capture the dominant share of 64.8%. DuPont is identified as the major player among all bioactive ingredient manufacturers. The continuous expansion and development activities of the company are leading it towards enhancing its presence in various parts of world, especially in the developing nations of the Asia-Pacific region.
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