LONDON--(BUSINESS WIRE)--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. Request a free sample report
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.
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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.
“Apart from the growing adoption of health and wellness food products, the shift in demand from synthetic to natural beta-carotene and the increasing adoption of organic and natural ingredients are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
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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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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
