Germany Bioactive Ingredients Market Size & Outlook
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Germany bioactive ingredients market highlights
- The Germany bioactive ingredients market generated a revenue of USD 9,881.1 million in 2022 and is expected to reach USD 18,148.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 7.9% 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 9,881.1 million |
| Market revenue in 2030 | USD 18,148.3 million |
| Growth rate | 7.9% (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, Germany accounted for 5.7% 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 Europe, Germany bioactive ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 5,717.9 million by 2030.
Fiber was the largest segment with a revenue share of 23.91% in 2022. Horizon Databook has segmented the Germany 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.
In Germany, the bioactive ingredients market is growing owing to the growing nutraceutical, cosmetic, and food supplement industries. Nutraceutical is among the continuously growing industries in the country.
According to the German Trade & Invest, health spending in Germany has been witnessing continuous growth, accounting for over USD 424.89 billion in 2019, thereby, booming the demand for supplements. In 2019, the food supplement market in Germany witnessed a growth of around 5%, reaching USD 2.76 billion.
According to the German Federal Office of Consumer Protection and Food Safety, in 2019, Germany witnessed the registration of around 8,000 new food supplements. Thus, the growing supplement & nutraceutical industry is expected to further accelerate the demand for bioactive ingredients in the country.
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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 |
Germany bioactive ingredients market size, by product, 2018-2030 (US$M)
Germany Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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