Argentina Bioactive Ingredients Market Size & Outlook
Related Markets
Argentina bioactive ingredients market highlights
- The Argentina bioactive ingredients market generated a revenue of USD 1,390.3 million in 2022 and is expected to reach USD 2,370.0 million by 2030.
- The Argentina market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Other Ingredients is the most lucrative product segment registering the fastest growth during the forecast period.
Bioactive ingredients market data book summary
| Market revenue in 2022 | USD 1,390.3 million |
| Market revenue in 2030 | USD 2,370.0 million |
| Growth rate | 6.9% (CAGR from 2023 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Other Ingredients |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber, Vitamins, Omega 3 PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, Other Ingredients |
| Key market players worldwide | Archer-Daniels Midland Co, Basf SE, Cargill, Ingredion Inc, Ajinomoto Co Inc, Owens & Minor Inc, Sensient Technologies Corp, DuPont de Nemours Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.8% of the global bioactive ingredients market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bioactive ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6,737.4 million by 2030.
Fiber was the largest segment with a revenue share of 23.87% in 2022. Horizon Databook has segmented the Argentina bioactive ingredients market based on fiber, vitamins, omega 3 pufa, plant extracts, minerals, carotenoids & antioxidants, probiotics, other ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
Argentina is a low-income to middle-income country, which has a high prevalence of obesity in both men and women. The changes in energy expenditure related to global nutrition transition and dietary intake are driving the obesity rates in Argentina.
In the country, obesity is already recognized as a public health issue. Traditionally, the Argentinian diet is characterized by regular drinking of red wine and high consumption of barbecued red meat with low fiber intake.
The unhealthy diet patterns have led to a need for a healthier diet, thus boosting the demand for dietary supplements. This is anticipated to boost the demand for bioactive ingredients in the coming years.
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Bioactive Ingredients Market Scope
Bioactive Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| Owens & Minor Inc | View profile | 13700 | 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 | https://www.owens-minor.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Sensient Technologies Corp | View profile | 3956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | https://www.sensient.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Argentina bioactive ingredients market size, by product, 2018-2030 (US$M)
Argentina Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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