Bioactive Ingredients Market Outlook
Various possible aspects that can influence the global market outcome were explored in the global market report with data of the bioactive ingredients market. The food and beverage, as well as the pharmaceutical industries, would be important thrust givers. Both businesses are known for developing new brands and goods that profit from the expanding number of bioactive ingredient tests. People are also becoming more aware of how such nutrients might help them enhance their overall health. These trends were recognized by Industry Research Future (MRFR), which estimated that the market would expand to USD 43 billion between 2019 and 2024. It will also have a CAGR of 7.1 percent over that time.
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Bioactive Ingredients Segmentation:
The global report on the bioactive ingredients market has been studied by experts from MRFR to understand dynamics that can impact the market outcome in the coming days. The process includes a segmentation that included ingredient type, application, and source.
By ingredient type, the study of the global bioactive ingredients market includes prebiotic & amino acid, probiotic, phytoextract, carotenoids, omega three fatty acids, and others. The probiotic segment is getting significant thrust as the food and beverage industry has realized the potential of the sector.
By application, the discussion containing details of the global bioactive ingredients market includes segments like pharmaceuticals & nutraceuticals, food & beverages, animal feed, personal care, and others. The pharmaceutical segment is making a significant contribution.
By source, the discussion on the global bioactive ingredients market includes segments like animal, plant, and microbial. The microbial segment is getting good traction from several quarters.
Bioactive Ingredients Regional Analysis:
Asia Pacific would make sure it dominates the global market as several countries from the region are developing strategies to make these products a part of the lifestyle. Also, the massive population of the region is helping in boosting the regional market prospect.
Koninklijke DSM N.V. (Netherlands), Cargill Inc. (US), Archer Daniels Midland Company (US), Ingredion Incorporated (US), AJINOMOTO CO. INC (Japan), Arla Foods amba (Denmark), FMC Corporation (US), BASF SE (Germany), E. I. du Pont de Nemours and Company (US), Mazza Innovation Ltd (Canada), Roquette Frères (France), Nuritas (Ireland), Vytrus Biotech (Spain), Sabinsa Corporation (US), and Kuehnle AgroSystems (US) are companies involved in the global bioactive ingredients market as their strategies are helping the market in forming better opportunities. These strategies mostly include procedures like a merger, tie-up, innovation, branding, collaboration, and others. MRFR listed the recent ones to understand how the market can move forward in the coming years.
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In July 2020, Geltor, a notable Biodesign startup, raised a $91.3 million Series B funding that was led by alternative protein investor CPT Capital where a significant commitment had been shown by WTT Investment Ltd., with an intent to expand its ingredients-as-a-service platform globally. This funding process also witnessed participation from returning investors like SOSV, Cultivian Sandbox, and iSelect Fund, along with the investment faction of the ingredient technology companies like GELITA and Archer Daniels Midland.
In July 2020, a team from GEOMAR-Biotech revealed that they had found a bioactive ingredient that can prove effective in the treatment of infectious bacteria and skin cancer. The ingredient was sourced from seaweeds.
The outbreak of the COVID-19 pandemic forced people to look for substances that can reduce the possibility of contracting diseases. Experts are providing advice related to boosting of immunity so that the outcome of the disease lessens in notable ways. This will create a space for bioactive ingredients to expand its operational scope.
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