Bio active ingredients are considered as bio molecules which are present in food items in order to adapt to more than one metabolic progression for a good health. They are available in various forms such as thiolyated, esterified, glycosylated, or hydroxylated. These ingredients are typically useful for several metabolic activities and added beneficial effects to counter several diseases such as cardiovascular diseases, cancer, diabetes and macular degeneration. Additionally, bio active ingredients also help in the treatment of anemia, malnutrition, ricket, and various other diseases which are caused due to the lack of proper diet and reduced intake of nutritional foods.
The bio active ingredients market is heavily driven by the growing awareness among the consumers across the globe. In recent times, the demand for health benefits among the individuals have increased to a greater extent and due to this fact, the consumers across the globe are demanding for more bio active compounds in their foods. This in turn is bolstering the bio active ingredients market. In addition, growth in per capita income in the developing nations is also demanding for bio active ingredients as these ingredients help in better and healthy living. The surge in per capita income among the individuals in the emerging nations is fuelling the market for bio active ingredients over the years.
The growth of the market for bio active ingredients is hampered by the various rules set by the governments in different regions of the globe. The intra government rules is limiting the manufacturers to sell their products to the consumers which in turn is hindering the market for bio active ingredients.
The market for bio active ingredients is poised to grow in the coming years as the manufacturers in the industry are constantly focusing on developing their markets in the Asia Pacific, Middle East and Africa and Latin America region. The countries such as China, India, Australia, UAE, Saudi Arabia and Brazil among others are procuring the bioactive compounds or nutraceutcial in order to enhance their lifestyle. In addition, the major manufacturers are also partnering with various companies in the emerging nations to manufacture the nutraceutcials to meet the growing demand in the regions. Moreover, the technological advancement in the sector of microencapsulation is increasing the interest among the consumers to procure these bio active ingredients. The advancement in technology is anticipated to boost the market for bio active ingredients in the coming years.
The market for bio active ingredients market is segmented on basis of ingredients, application and geography. The various types ingredients included in the bio active ingredients market are prebiotics, probiotics, plant extracts, minerals, fibers, vitamins, carotenoids and others. The market is dominated by the fibers due to their effectiveness and the growing awareness among the individuals across the globe in respect to their benefits.
Based on the application, the market for bio active ingredients is categorized as functional foods and beverages, personal care, clinical nutrition, dietary supplements and others. The personal care segment dominates the market followed by the dietary supplements, owing to the facts that the bio active ingredients are highly beneficial for the individuals exposed to adverse environments.
Geographically, the bio active ingredients market is segmented on basis of five strategic global locations namely, North America, Europe, Asia Pacific, Middle East and Africa and Latin America. The most prominent region in the bio active ingredients market accounted for Asia Pacific and it is expected that the region will retain its dominance in the coming years.
The major ten players operating in the market for bio active ingredients market are Archer Daniels Midland Co., Dupont De Nemours & Co., Ajinomoto Co. Inc., Mazza Innovation Ltd, Arla Foods, Sabinsa Corporation, Cargill Inc., BASF,Ingredion Inc., Owen Biosciences Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.