LAMEA Bioactive Ingredients Market Size, Share & Industry Trends Analysis Report By Product (Fiber, Vitamins, Minerals, Carotenoids & Antioxidants, Plant Extracts, Omega 3 PUFA, Probiotics), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Bioactive Ingredients Market would witness market growth of 9.6% CAGR during the forecast period (2022-2028).
Manufacturers of food and beverages favor natural ingredients because of their nutritional advantages. Bioactive substances are used in functional food and drink, dietary supplements, personal and cosmetic care, medications, and animal nutrition. Due to the growing global popularity of gyms and fitness facilities, the demand for bioactive compounds will soar.
Functional meals and drinks are made up of brand-new substances or combinations of existing ones that can improve health or ward off illness. Other significant aspects driving the market's development during the forecast period include the change in demand from synthetic to natural beta-carotene and the increased use of organic and natural components, which the ongoing vegan trend will follow. Furthermore, since the plant extract sector is considered a promising market during the projected years, major players are actively implementing different methods to access it.
Bioactive substances are extra biomolecules found in food that may adapt one or more metabolic processes for better health. Bioactive food elements are often present in various forms, including glycosylated, esterified, thiolated, or hydroxylated. The main drivers propelling the market's expansion are rising customer desire for natural goods and growing consumer awareness of the possible negative consequences of artificial food additives. In addition, the total market demand is further increased by consumer trends toward healthier lifestyles and growing anxieties about allergies brought on by additional ingredients.
The prevalence of CVD risk factors is more significant in the UAE than in industrialized nations, and the incidence of CVD-related mortality among UAE citizens is higher than the worldwide average. In addition, the World Health Organization found that one in five UAE individuals has diabetes and that a third of them are obese. The rising incidence of obesity further enhances the risk of getting cardiovascular disorders. The government has concentrated on building a healthcare infrastructure to meet this need. Since bioactive elements are thought to help lower the risk of bioactive ingredients across the area, demand for bioactive ingredients has increased along with the burden of such illnesses on the public health system.
The Brazil market dominated the LAMEA Bioactive Ingredients Market by Country in 2021; thereby, achieving a market value of $4,340 million by 2028. The Argentina market is showcasing a CAGR of 10.2% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 9.3% during (2022 - 2028).
Based on Product, the market is segmented into Fiber, Vitamins, Minerals, Carotenoids & Antioxidants, Plant Extracts, Omega 3 PUFA, Probiotics and Others. Based on Application, the market is segmented into Functional Food & Beverage, Dietary Supplements, Clinical Nutrition, Personal Care, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Bioactive Ingredients Market is Projected to reach USD 262.3 Billion by 2028, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Archer-Daniels-Midland Company, DuPont de Nemours, Inc., Ajinomoto Co., Inc., Mazza Innovation Ltd (Sensient Technologies Corporation), Ingredion Incorporated, Nuritas Limited, Cargill, Incorporated, Sabinsa Corporation (Sami-Sabinsa Group Ltd.) and Owen Biosciences Inc.
Scope of the Study
Market Segments Covered in the Report:
- Carotenoids & Antioxidants
- Plant Extracts
- Omega 3 PUFA
- Functional Food & Beverage
- Dietary Supplements
- Clinical Nutrition
- Personal Care
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Archer-Daniels-Midland Company
- DuPont de Nemours, Inc.
- Ajinomoto Co., Inc.
- Mazza Innovation Ltd (Sensient Technologies Corporation)
- Ingredion Incorporated
- Nuritas Limited
- Cargill, Incorporated
- Sabinsa Corporation (Sami-Sabinsa Group Ltd.)
- Owen Biosciences Inc.
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Global Bioactive Ingredients Market Report 2022-2028
North America Bioactive Ingredients Market Report 2022-2028
Europe Bioactive Ingredients Market Report 2022-2028