The Latin America Bioactive Ingredients Market was worth $2.99 billion in 2016 and estimated to be growing at a CAGR of 7.35%, to reach $4.26 billion by 2021.
Bioactive ingredients are biological compounds added to food products, to assist in the metabolic process for enhanced health. They also play a substantial role in filling the gap for the absence of balanced diet and inadequate intake of nutritional food.
These compounds have also been known as a very good source of vitamins and proteins and as such can be obtained from health food stores.
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Bioactive Ingredients market is projected to observe certain main trends subsidizing to the growth of the market.
One such drift is the demand for nanotechnology. Nanomaterials aid improved encapsulation of active food ingredients to help release efficacy of these ingredients.
The augmented inclination for a healthy diet is one of the key drivers favoring the growth of the market. High Cost of makeup of the products using these ingredients is obstructing the growth of the bioactive ingredients market.
Latin America market for Bioactive Ingredients is segmented by type into Prebiotics, Probiotics, Amino Acids, Peptides and Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants and Other Bioactive Ingredients. The bioactive ingredients market is segregated by application into Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition and Personal Care.
Phytochemicals & plant extracts demonstrate to be the most accepted ingredients with the highest probable growth rate while functional beverages segment is attracting the health-conscious people.
Geographically the market is segmented into Mexico, Brazil and Argentina. Brazil is projected to witness highest growth in this region over the forecast period.
Some of the key players functional in bioactive ingredients market consist of Arla Foods, Ingredion Incorporated Koninklijke DSM N.V., BASF SE, Ajinomoto Co. Inc., FMC Corporation, Cargill Incorporated, Archer Daniels Midland Company and Roquette.
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