Report ID: UCMIG30C2009
Report ID:
UCMIG30C2009 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for bioactive ingredients was valued at USD 173.22 billion in 2022, and it is expected to grow at a CAGR of 7.9% between 2023 and 2030. The market's growth is primarily driven by the rising demand for functional food and beverages as people become increasingly conscious about maintaining a balanced diet that includes essential nutrients. The industry provides significant growth prospects for manufacturers of bioactive ingredients due to the increasing usage of such compounds in functional food and beverages, as well as in dietary supplements.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Food Retail by segment aggregation, the contribution of the Food Retail in Food & Staples Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30C2009