China Bioactive Ingredients Market Size & Outlook
Related Markets
China bioactive ingredients market highlights
- The China bioactive ingredients market generated a revenue of USD 21,187.9 million in 2022 and is expected to reach USD 39,509.9 million by 2030.
- The China market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Other Ingredients is the most lucrative product segment registering the fastest growth during the forecast period.
Bioactive ingredients market data book summary
| Market revenue in 2022 | USD 21,187.9 million |
| Market revenue in 2030 | USD 39,509.9 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Other Ingredients |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fiber, Vitamins, Omega 3 PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, Other Ingredients |
| Key market players worldwide | Archer-Daniels Midland Co, Basf SE, Cargill, Ingredion Inc, Ajinomoto Co Inc, Owens & Minor Inc, Sensient Technologies Corp, DuPont de Nemours Inc |
Other key industry trends
- In terms of revenue, China accounted for 12.2% of the global bioactive ingredients market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bioactive ingredients market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 14,984.2 million by 2030.
Fiber was the largest segment with a revenue share of 23.92% in 2022. Horizon Databook has segmented the China bioactive ingredients market based on fiber, vitamins, omega 3 pufa, plant extracts, minerals, carotenoids & antioxidants, probiotics, other ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
Bioactive ingredients industry in China is growing at a high pace owing to its rapidly growing nutraceutical and functional food industries. As per the report published by the government of China, China’s official figures for the 2018 Health Food Industry were USD 59 billion in sales, with a growth rate of 10%.
The bioactive ingredients industry in China is growing rapidly and is listed as the secondlargest market for supplements, just behind the U.S., due to the growing concerns among people regarding healthy food.
The above inclining graph depicts the increasing sales volume of cosmetics in China as per the international trade organization and hence, the growth of bioactive ingredients can be predicted in the coming years as cosmetic preparations contain active substances such as polysaccharides, phytochemicals, phytochemicals, peptides, phytochemicals, vitamins, antioxidants, and essential oils.
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Bioactive Ingredients Market Scope
Bioactive Ingredients Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ajinomoto Co Inc | View profile | 43318 | 15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, Japan, 104-8315 | http://www.ajinomoto.co.jp |
| Owens & Minor Inc | View profile | 13700 | 9120 Lockwood Boulevard, Mechanicsville, VA, United States, 23116 | https://www.owens-minor.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Ingredion Inc | View profile | 11600 | 5 Westbrook Corporate Center, Westchester, IL, United States, 60154 | https://www.ingredion.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Archer-Daniels Midland Co | View profile | 41802 | 77 West Wacker Drive, Suite 4600, Chicago, IL, United States, 60601 | https://www.adm.com |
| Sensient Technologies Corp | View profile | 3956 | 777 East Wisconsin Avenue, Milwaukee, WI, United States, 53202-5304 | https://www.sensient.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
China bioactive ingredients market size, by product, 2018-2030 (US$M)
China Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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