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According to Future Market Insights (FMI), the overall sales of bioactive ingredient are estimated to reach a value of US$ 38.2 Bn by 2022, surging at 3.8% CAGR over the forecast period (2022-2032). Growing consumption of natural food ingredients and healthy food products is expected to boost the growth in bioactive ingredient market. Health benefits associated with natural products are the key drivers boosting the demand for bioactive ingredients.
Dietary supplements are preferred by customers as they are made with natural components that improve health and wellness. As a result of the increased demand for natural-based ingredients, adoption of bioactive compounds is expected to surge in diverse range of food products.
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Further, growing focus on food safety issues has raised awareness for transparency and traceability. Hence, key players such as such as Cargill, Incorporated, CP Kelco, Ingredients AG, and Ingredion Incorporated are providing labeled products to capitalize on growing clean label trends.
Subsequently, increasing use of macronutrients including fibers, carbs, proteins, and fats in various ready-to-mix & eat products is driving the demand in the market. On the back of these factors, the bioactive ingredient market is projected to surpass US$ 55.4 Bn by the end of 2032.
Key takeaways from market study
“Key bioactive ingredient producers are actively exploring the applications through various research institutions, public research universities, and crop institutes across the globe. Also, increased demand for packaged and healthy food products is propelling the demand in the market.” says a lead analyst at Future Market Insights.
Competitive landscape
The global bioactive ingredient market is expected to be consolidated. Key players in the market are focusing on expansion of their product line to strengthen their foothold in the industry. Expansion in emerging economies such as India and China is a key strategy adopted by leading players to increase their revenue.
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Some of the key players operating in the bioactive ingredient market are Dupont, Royal DSM, Cargill Inc., Archer Daniels Midland, BASF, Koninklijke DSM N.V., AJINOMOTO CO., INC, Arla Foods, FMC Corporation, Ingredion Incorporated, Roquette Frères S.A., Kerry Inc, Total Nutrition, Inc, Danone SA, Nestlé SA Valio Limited i-Health, Inc. and others
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About Food & Beverage Division at Future Market Insights
The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports about the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post North America Bioactive Ingredient Market is Expected to Witness a Lucrative Growth rate of 6.8% CAGR during 2022 to 2032 appeared first on Future Market Insights.