The bioactive ingredients market is estimated to grow from $23.8 billion in 2013 to $33.6 billion in 2018.
April 17/Dallas/PRNewswire -- The report "Bioactive Ingredients & Product Market by Ingredient (Probiotics, Proteins, Plant Extracts, Minerals, Vitamins, Fibers, Carotenoids), by Product (Functional Foods, & Beverage, Dietary Supplements, Animal Nutrition, Personal Care) - Global trends & forecast to 2018" estimates the bioactive ingredients market is estimated to grow from $23.8 billion in 2013 to $33.6 billion in 2018 at a compound annual growth rate of 7.2% from 2013 to 2018.
According to the reprot published by MarketsandMarkets, the bioactive ingredients market is an emerging sector, with various stakeholders such as raw material suppliers, processors, product manufacturers, and end-use consumers. The products include functional food, beverages, dietary supplements, animal nutrition, and personal care items. The bioactive products and ingredients market are inter-dependent on each other, the report notes, as any shift in one will have a direct impact on the other. Growing awareness and reliability on bioactive products is offering a strong consumer base for the market.