Global Plant Based Bioactive Market

Report ID : 1301 | Published : 2022-07-07 | Pages: | Format: PDF/EXCEL

The market size of the Global Plant Based Bioactive Market in the year 2021 is valued at 13.54 billion and is predicted to reach 34.82 billion by the year 2030 at an 11.4% CAGR during the forecast period.

Bioactive ingredients are substances that affect living creatures biologically. Plants, food, animals, the sea, and microorganisms are among the sources of the components. Customers' physical and physiologic health is improved by adding bioactive chemicals to food and feed products. Plant-based Bioactive are vegan extracts with a wide range of applications, including food and beverage, nutritional supplements, animal nutrition, and personal care products. Rising natural-sourced product trends and a preference for plant-based derivatives over animal-sourced derivatives would favourably influence the market expansion. Animals were traditionally used to extract bioactive chemicals. In the upcoming years, market growth will be stimulated by rising consumer awareness combined with a demand for a healthy lifestyle that includes eating a balanced diet. Changes in consumer purchasing patterns have encouraged industry suppliers to develop more environmentally friendly products for broader customer appeal. Consumers' increased use of health supplements is being driven by significant influencing factors such as the ageing population and the rise in chronic illness rates, which will cause the expansion of the plant-based bioactive market. The availability of shakes and smoothies fortified with antioxidants and vitamins has also increased the demand for bio-based functional foods and dietary supplements.

However, high investment costs in licensing and regulatory processes hinder the market growth, resulting in an overall rise in the manufacturer's operational costs. A lack of awareness about the harmful health effects of food containing chemical substances: health implications include gastrointestinal problems, renal damage, liver illness, and nervous system impairment. This is a substantial barrier to market growth.

Market Segmentation:

The Plant-Based Bioactive market is segmented on the basis of source, application and end-use. Based on the source, the market is categorized as Fruits & vegetables, Plants, Legumes and Others. Based on application, the market is segmented into Flavonoids, Phenolic Acids, Alkaloids, Saponins, Polysaccharides and Others. Based on the end-user, the market is segmented into Functional Foods & beverages, Dietary Supplements, Animal Nutrition, Personal Care and Others.

Based on the source, the Legumes and Fruits & vegetable segment are accounted as significant contributors in the Plant-Based Bioactive market.

The industry for plant-based bioactive has found many important sources, including fruits & vegetables, plants, legumes and others. The use of Plant-Based Bioactive in the functional food and personal care business has been driven by the rising demand for vegan goods, whether for consumption or non-consumption purposes. However, due to their remarkable effectiveness and availability, fruits and vegetables and legumes make up the majority of the industry's contributing sources. These sources are packed with antioxidant qualities that, when consumed, have a favorable impact on the body. One of the most enriched legumes is soy, which is frequently employed as a component in functional foods.

The food & beverages segment witnessed growth at a rapid rate.

Major industry contributors include the functional food and beverage, dietary supplement, animal nutrition, personal care industries and others. Due to its broad range of applications and the increasing demand for vegan functional food, food and drinks made up the greatest portion of the sector. The penetration in this market has increased as a result of important influencing factors like the rising trend for healthy eating habits and consumers' preference for vegan products over those made with animal ingredients. The most growth is anticipated in the market for dietary supplements in the upcoming year. The growth of the nutraceutical business and the rising need for immunity boosters have driven up demand for dietary supplements.

The North America Plant-Based Bioactive market holds a significant revenue share in the region.

The North America Plant-Based Bioactive market is likely to dominate the market growth over the forecast period. The existence of many producers and benevolent government policies will fuel regional industrial expansion. Another essential aspect driving product adoption is consumers' high levels of acceptability and financial capacity to do so. The rising need to increase immunity among young and elderly populations strongly influences the market. Diabetes, Alzheimer's disease, and heart disease are common illnesses in the area. The growth of the personal care sector and rising investments in technologically advanced products are the main factors driving regional demand. Due to increasing consumer expenditure on vegan cosmetics and other personal care items like creams, lotions, and shampoos, the area also has a significant penetration scope in the individual care applications market.

Competitive Landscape

The key players in the Plant Based Bioactive market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Plant Based Bioactive market are Naturex SA, IndenaSpA, Linnea SA, BASF SE, Arboris LLC, Cargill Inc., Dupont De Nemours & Co ltd, Martin Bauer GmbH &Co. KG, Hansen A/S, LIPO Foods, Roquette, Arla Foods, Doehler Group, Archer Daniels Midland Co. (ADM), DSM, Ajinomoto Co. Inc., Ingredion Inc., Kerry Group, Corbion, and Changsha Organic Herb Inc.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Plant Based Bioactives Market Snapshot

Chapter 4. Global Plant Based Bioactives Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Source Estimates & Trend Analysis

5.1. By Source & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Source:

5.2.1. Fruits & vegetables

5.2.2. Plants

5.2.3. Legumes

5.2.4. Others

Chapter 6. Market Segmentation 2: By Application Estimates & Trend Analysis

6.1. By Application & Market Share, 2020 & 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Application:

6.2.1. Flavonoids

6.2.2. Phenolic Acids

6.2.3. Alkaloids

6.2.4. Saponins

6.2.5. Polysaccharides

6.2.6. Others

Chapter 7. Market Segmentation 3: By End-use Estimates & Trend Analysis

7.1. By End-use & Market Share, 2020 & 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-use:

7.2.1. Functional Foods & Beverage

7.2.2. Dietary Supplements

7.2.3. Animal Nutrition

7.2.4. Personal Care

7.2.5. Others

Chapter 8. Plant Based Bioactives Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts By Source, 2020-2030

8.1.2. North America Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts By Application, 2020-2030

8.1.3. North America Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts by End-use, 2020-2030

8.1.4. North America Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

8.2. Europe

8.2.1. Europe Plant Based Bioactives Market revenue (US$ Million) By Source, 2020-2030

8.2.2. Europe Plant Based Bioactives Market revenue (US$ Million) By Application, 2020-2030

8.2.3. Europe Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts by End-use, 2020-2030

8.2.4. Europe Plant Based Bioactives Market revenue (US$ Million) by country, 2020-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Plant Based Bioactives Market revenue (US$ Million) By Source, 2020-2030

8.3.2. Asia Pacific Plant Based Bioactives Market revenue (US$ Million) By Application, 2020-2030

8.3.3. Asia Pacific Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts by End-use, 2020-2030

8.3.4. Asia Pacific Plant Based Bioactives Market revenue (US$ Million) by country, 2020-2030

8.4. Latin America

8.4.1. Latin America Plant Based Bioactives Market revenue (US$ Million) By Source, (US$ Million)

8.4.2. Latin America Plant Based Bioactives Market revenue (US$ Million) By Application, (US$ Million)

8.4.3. Latin America Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts by End-use, 2020-2030

8.4.4. Latin America Plant Based Bioactives Market revenue (US$ Million) by country, 2020-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Plant Based Bioactives Market revenue (US$ Million) By Source, (US$ Million)

8.5.2. Middle East & Africa Plant Based Bioactives Market revenue (US$ Million) By Application, (US$ Million)

8.5.3. Middle East & Africa Plant Based Bioactives Market revenue (US$ Million) estimates and forecasts by End-use, 2020-2030

8.5.4. Middle East & Africa Plant Based Bioactives Market revenue (US$ Million) by country, 2020-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. Naturex SA

9.2.2. IndenaSpA

9.2.3. Linnea SA

9.2.4. BASF SE

9.2.5. Arboris LLC

9.2.6. Cargill Inc.

9.2.7. Dupont De Nemours & Co ltd

9.2.8. Martin Bauer GmbH &Co. KG

9.2.9. Hansen A/S, LIPO Foods

9.2.10. Doehler Group

9.2.11. Archer Daniels Midland Co. (ADM)

9.2.12. DSM

9.2.13. Ajinomoto Co. Inc.

9.2.14. Ingredion Inc.

9.2.15. Roquette

9.2.16. Arla Foods

9.2.17. Kerry Group

9.2.18. Corbion

9.2.19. Changsha Organic Herb Inc.

9.2.20. Other Prominent Players

Segmentation of Plant Based Bioactive Market-

By Source

  • Fruits & vegetables
  • Plants
  • Legumes
  • Others

By Application

  • Flavonoids
  • Phenolic Acids
  • Alkaloids
  • Saponins
  • Polysaccharides
  • Others

By End-Use

  • Functional Foods & Beverage
  • Dietary Supplements
  • Animal Nutrition
  • Personal Care
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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34.82 billion by the year 2030 at an 11.4% CAGR during the forecast period.

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