North America 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 North America Bioactive Ingredients Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
The market for bioactive ingredients is expanding as individuals become more conscious of their health problems. Numerous young people are stressed out due to demanding job schedules or unhealthy lifestyles, which may cause a range of health issues, including depression, diabetes, and brain stroke, among other things. Due to more excellent knowledge, people are becoming more aware of the foods and drinks that support a balanced diet and perfect health.
On the other hand, manufacturers consider the comfort of the client. Therefore, providing a balanced lifestyle and nutrition, including cosmeceuticals and other goods containing bioactive components, is a developing trend. Consumers who ingest bioactive ingredients (BI) benefit from various health-promoting effects, including the treatment or prevention of diabetes, cancer, obesity, coronary heart disease, and other conditions.
Flavonoids, carotenoids, curcumin, polyphenols, phytosterols, probiotics, bioactive peptides, minerals, and nano-bio minerals are a few BI that has been discovered in nature that may be added to meals to boost their nutritional value. Foods that include BI are regarded as functional foods. Therefore, it is crucial to employ reasonably priced natural sources of BI to supply beneficial meals for the great majority of people due to the rising rate of population and increasing need for healthy foods in the future
The retail food sector in developed nations like the United States is very competitive. The food & beverage industry in the United States is seeing an increase in demand for healthy food additives due to the rise in retailers, retail channels, and retail formats that make processed and convenience foods more accessible to consumers. The organized retail sector exposes consumers to label information and quality comparison with private labels & branded products while offering consumers competitive prices, quality, and services, boosting the retail food market in the United States.
The US market dominated the North America Bioactive Ingredients Market by Country in 2021; thereby, achieving a market value of $52,833.8 million by 2028. The Canada market is experiencing a CAGR of 8.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Bioactive Ingredients Market is Predict to reach $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
- Rest of North America
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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