The
global bioactive ingredients market is
expected to post a CAGR of almost 7% during the period 2020-2024, according to
the latest market research report by Technavio.
The geriatric population is more susceptible to diseases and disorders
such as poor visibility, joint pains, and weakness of bones. This has increased
the demand for dietary supplements, such as vitamins and minerals to reduce the
prevalence of such disorders among the geriatric population. These factors are
driving supplement manufacturers to provide specialized products to cater to
the growing demand from the geriatric population. With the rising geriatric
population, the growth of the global bioactive minerals will accelerate during
the forecast period.
As per Technavio, the growing adoption of health and wellness food
products will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This research report also analyzes
other important trends and market drivers that will affect market growth over
2020-2024.
Global Bioactive Ingredients Market: Growing Adoption of Health and
Wellness Food Products
Over recent years, consumers have increasingly become concerned about
the quality of ingredients used in foods and beverages. In addition, the
growing prevalence of risk factors such as obesity, diabetes, stress, and high
blood pressure has increased the awareness about the need for the adoption of
healthy diet to stay fit. These factors are encouraging vendors to introduce
innovative products that have high nutritional value, thereby fueling market
growth.
Global Bioactive Ingredients Market: Segmentation Analysis
This market report segments the global bioactive ingredients
market by geography (APAC, Europe, MEA, North America, and
South America), type (fibers, vitamins, omega-3 PUFA, plant extracts, minerals,
carotenoids and antioxidants, probiotics, and other types) and application
(dietary supplements, functional foods and beverages, personal care, and animal
nutrition).
The APAC region led the market in 2019, followed by North America,
Europe, South America, and MEA respectively. During the forecast period, the
APAC region is expected to maintain its dominance over the global market. This
is due to the increasing consumption of bioactive ingredients, such as
probiotics in the region.
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