Europe Bioactive Ingredients Market Size & Outlook
Related Markets
Europe bioactive ingredients market highlights
- The Europe bioactive ingredients market generated a revenue of USD 36,341.0 million in 2022.
- The market is expected to grow at a CAGR of 7.8% 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.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 36,341.0 million |
| Market revenue in 2030 | USD 66,161.8 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Other Ingredients |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 21.0% of the global bioactive ingredients market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 127,371.4 million by 2030.
Fiber was the largest segment with a revenue share of 23.84% in 2022. Horizon Databook has segmented the Europe 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.
Bioactive ingredients find application in various industries such as nutraceuticals, cosmetics, and functional food & beverages.
Due to their anti-aging properties and the ability to prevent obesity, cancer, diabetes, and other coronary diseases, bioactive ingredients are increasingly finding application in the expanding nutraceutical and cosmetic industries in Europe.
According to Cosmetics Europe, in 2021, the personal care & cosmetics market in Europe was valued at USD 84.97 billion, becoming the 2nd largest market for personal care & cosmetics globally after the U.S. In addition, personal care & cosmetics industry annually contributes around UD 30.80 billion to the European economy, thus, making it one of the important industries supporting the GDP of the region.
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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 |
Europe bioactive ingredients market size, by country, 2018-2030 (US$M)
Europe Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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