Plant-Based Bioactives Market Projected to Reach $34.82 Billion by 2030 – Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. has announced the release of a market assessment report on “Global Plant-derived Bioactives Market – By Source (Fruits & Vegetables, Plants, Legumes, etc.), By Application (Flavonoids, Phenolic Acids, Alkaloids, Saponins, Polysaccharides, etc.), By End User (Functional Food & Beverages, Dietary Supplements, Animal Nutrition, Personal Care, etc.), Trends, Industry Competitive Analysis, Revenue and Forecast to 2030.”
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According to the latest research from InsightAce Analytic, the global plant-based bioactives market is valued at USD 13.54 billion in 2021 and is expected to reach USD 34.82 billion by 2030, growing at a CAGR of 11.4% during the forecast period 2024-2031.
Plant-Based Bioactives: Cultivating a Healthier Future
Bioactive ingredients, which are natural compounds that have an effect on living organisms, have attracted considerable attention in various industries.
Vegan plant-derived bioactives have great potential in:
• Food and beverage: Improving the nutritional value and functionality of foods and beverages.
• Animal Nutrition: Improving animal health and performance.
• Personal Care Products: Providing natural and effective solutions for skin and hair care.
• Nutraceuticals: Provide targeted health benefits to consumers.
Market Drivers:
• Consumer preferences: There is an increasing demand for natural and plant-based products over animal-derived ingredients, driving market growth.
• Health benefits: Plant-derived bioactives offer a range of health benefits, including reducing the risk of heart disease, diabetes, and stress, and boosting immune and nervous system health.
• Changing regulatory environment: Government support for organic products and emphasis on sustainable practices are driving the market forward.
• Increasing health consciousness: As concerns grow over the adverse effects of synthetic ingredients, consumers are turning to plant-based bioactives.
• Ageing Society and Chronic Diseases: The increasing use of dietary supplements to address chronic diseases in the ageing society is creating a huge market opportunity.
• Functional Food Trends: There is an increasing demand for bio-based functional foods and nutraceuticals rich in antioxidants and vitamins.
Conclusion:
The plant-based bioactives market is poised for significant growth, driven by consumer demand for natural and healthy alternatives. As awareness of the health benefits and diverse applications of these ingredients grows, their potential to transform the food, dietary supplement and personal care industries is undeniable.
North America is expected to dominate the plant-derived bioactives market in the coming years. A large number of producers and favorable government policies will support the industry growth in the region.
High consumer receptivity and economic empowerment are other key factors influencing product adoption. Moreover, the plant-based bioactives market in Asia Pacific is expected to expand significantly during the forecast period. The growing need for boosting immunity among the elderly and young will have a major impact on the industry. Moreover, the expansion of the personal care industry and increasing spending on high-tech products are major drivers of demand in the region.
Some of the major market players operating in the plant-derived bioactives market are Naturex SA, IndenaSpA, Linnea SA, Dupont De Nemours & Co ltd, Martin Bauer GmbH &Co. KG, BASF SE, Arboris LLC, Cargill Inc., Hansen A/S, LIPO Foods, Roquette, Arla Foods, Doehler Group, Archer Daniels Midland Co. (ADM), DSM, Kerry Group, Corbion, Ajinomoto Co. Inc., Ingredion Inc., Changsha Organic Herb Inc., and others.
Recent collaborations and agreements in the market:
• In June 2019, BASF SE introduced a new line of bioactive compounds for use in the cosmetics industry, using rambutan to moisturize, rejuvenate and regenerate the skin. Growers who offer health insurance can participate in the program and earn above-average rewards.
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Market Segments
Global Plant-Based Bioactives Market, by Source, 2022-2030 (Value USD Million)
• Fruits and vegetables
• Plants
• Legumes
• others
Global Plant-Based Bioactives Market, by Application, 2022-2030 (Value USD Million)
• Flavonoids
• Phenolic acids
• Alkaloids
• Saponin
• Polysaccharides
• others
Global Plant-Based Bioactives Market, by End User, 2022-2030 (Value USD Million)
• Functional foods and beverages
• Dietary supplements
• Animal Nutrition
• Personal Care
• others
Global Plant-Based Bioactives Market, by Region, 2022-2030 (Value USD Million)
• North America
• Europe
• Asia Pacific
• latin america
• Middle East and Africa
North America Plant-Based Bioactives Market, by Country, 2022-2030 (Value USD Million)
• we
• Canada
European Plant-Based Bioactives Market, by Country, 2022-2030 (Value USD Million)
• Germany
• France
• Italy
• Spain
• Russia
• Other Europe
Asia Pacific Plant-Based Bioactives Market, by Country, 2022-2030 (Value USD Million)
• India
• China
• Japan
• South Korea
• Australia and New Zealand
Latin America Plant-Based Bioactives Market, by Country, 2022-2030 (Value USD Million)
• Brazil
• Mexico
• Other Latin American countries
Middle East and Africa Plant-Based Bioactives Market, by Country, 2022-2030 (Value USD Million)
• GCC countries
• South Africa
• Rest of the Middle East and Africa
Reasons to buy this report:
Receive a comprehensive analysis of the global plant-based bioactives market outlook
To understand the industry overview and future trends of the plant-based bioactives market.
To analyze the drivers and challenges of the plant-derived bioactive substances market.
Obtain information on the projected market value (in millions of US dollars) of plant-derived bioactive substances up to 2030
Significant investments, mergers and acquisitions in the plant-based bioactives market industry
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