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Bioactive Ingredients Market Growing with Healthy CAGR of 6.61% during 2017 to 2022

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Kevin Crag
Bioactive Ingredients Market Growing with Healthy CAGR of 6.61% during 2017 to 2022

The global bioactive ingredients market was valued at US$29.831 billion in 2017 and is expected to grow at a CAGR of 6.61% to reach a market size of US$41.081 billion by the year 2022. Bioactive compounds or bioactive ingredients are necessary constituents found in foods or dietary supplements other than essential nutrients which alters the wellbeing status of the health. Bioactive ingredient has a therapeutic impact effect on living tissue. Bioactive ingredients are formed as cutting edge innovation, strong science, and demonstrated research techniques in order to produce elements which could restore, support and nourish the structure and function of the skin. The bioactive ingredients are safe for consumption and better for the environment.

Market Outlook

The global bioactive ingredients market is expected to be driven by factors including rising health concerns and increasing awareness about the benefits of bioactive ingredients. The people are becoming more aware regarding the types and source of food and beverages they should have in order to maintain a healthy diet. In addition to this, continuous product innovation and ongoing R&D by manufacturer in order to achieve a competitive edge over others further contributes to the market growth significantly. The rising per capita income in emerging countries like BRICS coupled with rising spending capacity of people propels the bioactive ingredients market growth. However, lack of proper regulation and guidelines do hampers the market growth.

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