Japan Bioactive Ingredients Market Size & Outlook
Related Markets
Japan bioactive ingredients market highlights
- The Japan bioactive ingredients market generated a revenue of USD 14,586.0 million in 2022 and is expected to reach USD 27,682.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.3% 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 14,586.0 million |
| Market revenue in 2030 | USD 27,682.0 million |
| Growth rate | 8.3% (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, Japan accounted for 8.4% 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 23.89% in 2022. Horizon Databook has segmented the Japan 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.
Japan has a well-established market for bioactive ingredients owing to its long history of using foods with health benefits, and Japanese people are well-known for their longevity. In 1991, the Japanese Ministry of Health established the "foods for specified health uses" functional food regulation (FOSHU).
Since the introduction of the functional food system, several FOSHU products with health benefits have been developed and launched further boosting the bioactive ingredients market growth. The growing research & development activities in pharmaceutical industry are majorly driving the bioactive ingredients market in the country.
Japan is an export market for American pharmaceuticals and the third-largest pharmaceutical market globally, thereby, driving the growth of bioactive ingredients. As part of its strategy for economic revival and growth, the government of Japan has promoted healthcare sector as a key growth engine since 2013 Central & South America
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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 |
Japan bioactive ingredients market size, by product, 2018-2030 (US$M)
Japan Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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