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).
Bioactive Ingredients Market: Market Share, 2012
Source: Industry Journals, Company Presentations, MarketsandMarkets Analysis
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.
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
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