Bioactive Ingredients Market Size, Share & Trends Report

Bioactive Ingredients Market Size, Share & Trends Analysis Report By Product (Vitamin, Fiber), By Application (Functional Food & Beverages, Dietary Supplements), By Region (APAC, North America), And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-175-7
  • Number of Pages: 115
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the bioactive ingredients market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for bioactive ingredients market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of bioactive ingredients market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Bioactive Ingredients Market Categorization:

The bioactive ingredients market was categorized into three segments, namely product (Fiber, Vitamins, Omega 3 PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, Other Ingredients), application (Functional Food & Beverage, Dietary Supplements, Clinical Nutrition, Personal Care), region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The bioactive ingredients market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The bioactive ingredients market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into sixteen countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Argentina; South Africa; Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Bioactive ingredients market companies & financials:

The bioactive ingredients market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • BASF was founded in 1865 and is now headquartered in Germany. The product portfolio of the company comprises chemicals, plastics, performance products, crop protection products, and oil & and gas-based products. The company serves various end-use industries such as agriculture, chemicals, automotive & and transportation, energy & and resources, paints & and coatings, and plastics & and rubber. As of 2014, the company had over 112,000 employees in 380 production sites that have spread across regions such as North America, Europe, Asia Pacific, South America, Africa, and the Middle East.

  • Cargill Inc. one of the largest privately held companies in the U.S. was incorporated in Wilmington, Delaware; back in the year 1865 and is now headquartered in Minnetonka, Minnesota. The company is engaged in business segments such as agricultural trading and processing, food ingredients & and products, meat, poultry & and eggs, animal feed & and nutrition, and energy & and industrial services. As of now, the company has 149,000 employees across the globe. Cargill, Inc. has over 1,300 research, development, technical services, and intellectual property specialists spread across the world.

  • DuPont, a company with an employee strength of 52,000 now, was founded in 1802. It has its headquarters in Wilmington, Delaware in the United States, The Product portfolio of the company offers agricultural products, high-performance materials, food and personal care items, polymers & and fibers, and industrial biotechnology. These products assist several industrial areas which primarily consist of food and beverage industries, the healthcare sector, marine, mining, electronics, automotive, agriculture, and plastics as well. In addition, the company uses user-friendly food diagnostic technologies based on molecular biotechnology which include BAX System and RiboPrinter System.

  • Archer Daniels Midland Company, consisting of an employee strength of 32,300 now, was founded in 1902. The company has headquarters based in Chicago, Illinois, the United States. Archer Daniels Midland operates in areas of manufacturing food ingredients, feed ingredients, biofuels, and animal feeds. In addition, the company is also involved in various other business segments which primarily include, oilseeds processing, corn processing, agricultural services, WILD flavors, and specialty ingredients. The company’s subsidiary, ADM Brazil is predominantly engaged in bioactive agents that cater to various end-use industries through applications, which consist of food, supplements, pet food, and cosmetics.

  • Ajinomoto Co. Inc. was founded in 1909 and is headquartered in Japan. The company has a presence across 27 different countries and several regions across the world. In addition, the company caters to business units related to food products, pharmaceuticals, and amino acids. The company is engaged in manufacturing products such as amino acids, and nucleotides in its own research Centre. The company is also undergoing research inventions to improve its amino acid, nucleotide, and other fermentation processes. It has an employee strength of 33,295.

  • Ingredion Incorporated was founded in 1906 and is headquartered in the U.S. The Product portfolio of the company includes products such as sweeteners, starches, nutrition ingredients, and biomaterials. These products further provide materials to various end-use industries such as food and beverages, paper, and pharmaceutical industries. The company is also trying to replace synthetic ingredients with naturally derived solutions in skin care applications and it has also put in efforts to start with initiatives to make plastic materials more and more biodegradable. In October 2010, Ingredion Incorporated acquired the National Starch company which specializes in manufacturing & and developing specialty and modified starches. This acquisition would help in broadening the product portfolio of the former company and also cater to the needs of various customers, which are situated across the globe. In October 2014, the company acquired Pen Ford Corporation which solely specializes in manufacturing specialty ingredients for food and non-food application areas. The aforementioned acquisition enhanced the product portfolio of specialty and industrial products, which in turn would act as an added advantage for a wide range of applications and usage evolved by various end-use industries.

  • Owen Biosciences Inc. was established in 1990 and is headquartered in Los Angeles, South Carolina. The company specializes in manufacturing skincare and healthcare products by using their patented bioactive ingredients. The company also has its own R&D Centre, bulk & and final product packaging, formulary development, and ingredient pilot production. The company has its production divisions within the company which commonly include The Formulary development group, the biosynthesis group, the product production group, the marketing group, and the product/ cGMP compliance group. Out of which, The Product Production Company is basically engaged with the ingredient formulations to manufacture the final products. Owen Biosciences Inc. is also registered as an OTC drug product manufacturer under the Louisiana Department of Health and Human Services and FDA. The company is also certified as an organic processor under USDA NOP (National Organic Program) standards and regulations.

  • Nuritas based in Switzerland, is engaged in discovering natural active ingredients which have health benefits. The company essentially deals with bioactive peptides that are beneficial for anti-inflammatory activity, muscle recovery enhancement, antimicrobial activity, skin anti-aging solutions, and reducing blood sugar levels. Recently, the company also developed a technology related to bioactive peptide mining. This is a cost-effective solution for the company to discover peptide ingredients in natural biomass.

  • Sabinsa Corporation was founded in 1988 and is headquartered in the U.S. The company has its research group named Sams Labs Ltd, situated in Bangalore. The facility employs 500 people who are engaged in manufacturing and marketing nutraceuticals and fine chemicals. The product portfolio of the company commonly includes natural drugs, standardized phytoextracts, enzymes, probiotics and synbiotics, beverage ingredients, functional nutritional blends, functional cosmetic blends, specialty fine chemicals, nutritional fine chemicals, chiral drug intermediates, nutritional fibers, minerals, cosmeceuticals, AquaSol ingredients and GRAS affirmed ingredients.

  • Mazza Innovation Ltd., which is headquartered in the U.S., specializes in extracting bioactive compounds, which include polyphenols, alkaloids, glycosides, and specialty carbohydrates. The company has its manufacturing facility named Phytoclean located in Summerland. They also use the Phytoclean technological process to process a wide range of biomasses such as berries, teas, grains, and herbs. They manufacture bioactives from plant extracts without using organic solvents.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Bioactive Ingredients Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Bioactive Ingredients Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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