The bioactive ingredients market is emerging with increased awareness and growing health concerns. People are turning towards healthy food that fulfills the requirement of essential nutrients in the body. With increasing education, people are gaining awareness regarding the types of food & beverages that help in maintaining a balanced diet and proper health. Manufacturers are also taking into consideration the convenience factor for consumers and providing them with healthy nutrients in the form of food & beverages instead of supplements. Cosmeceuticals is a growing concept which combines bioactive with personal care. For instance, various mineral-enriched or vitamin-enriched herbal creams, shampoos, etc., are entering the market with guarantees of better skincare, hair care, etc.
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Animal nutrition is developing with the growing meat and milk market. Animal feed manufacturers tend to attain more output from animals when nutritious ingredients are used in animal feed. This report covers the five major applications of bioactive ingredients mentioned above: functional food, functional beverages, dietary supplements, animal nutrition, and personal care.
The global bioactive ingredients market is projected to reach $33.6 billion by the year 2018. The different types of bioactive ingredients covered in this study are prebiotics, probiotics, amino acids, peptides & proteins, phytochemicals & plant extracts, Omega 3 & structured lipids, fibers & specialty carbohydrates, vitamins, proteins, carotenoids & antioxidants, and others. The major regions that are considered for the study are North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific forms the dominant market with the highest share and CAGR. The overall bioactive ingredients market is expected to experience a growth rate of 7.2% from 2013 to 2018, whereas the Asia-Pacific region is expected to grow at a rate of 7.4% for the same period.
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