According to Stratistics MRC, the Global Bioactive Ingredients & Product Market is accounted for $27,794.53 million in 2019 and is expected to reach $44,635.71 million by 2027 growing at a CAGR of 6.1% during the forecast period. Increasing health concerns and rising per capita income of consumers in developing countries are the major factors driving the market growth. However, lack of licensing & patent protection guidelines and intra-government norms are restraining the market growth.
Based on type, the phytochemicals & plant extracts segment is likely to have a huge demand. The increasing dependence on plant products, along with growing awareness are the drivers of global market for phytochemicals & plant extracts. By geography, North America is going to have a lucrative growth during the forecast period. It leads the global market due to the high level of awareness among people and physicians regarding the usage of bioactive foods and beverages in the region.
Some of the key players profiled in the Bioactive Ingredients & Product Market include BASF, Ajinomoto Co Inc, Archer Daniels Midland Co (ADM), Arla Foods, Cargill Inc, DSM, Dupont DENemours & Co (Dupont) Msds, FMC Corporation, Ingredion Inc and Roquette.
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Sources Covered:• Animal• Marine • Microbial• Plant
Types Covered:• Amino Acids, Peptides & Proteins• Fatty Acids• Fibers & Specialty Carbohydrates• Minerals• Omega 3 & Structured Lipids• Prebiotics• Probiotics• Polyphenols • Vitamins• Phytochemicals & Plant Extracts• Carotenoids • Antioxidants
Applications Covered:• Animal Nutrition• Clinical Nutrition• Dietary Supplements• Functional Beverages• Functional Food• Infant Nutrition• Personal Care • Pharmaceuticals & Nutraceuticals
Sales Channels Covered:• Distributor• Direct Sales
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