UK Bioactive Ingredients Market Size & Outlook, 2022-2030
Related Markets
UK bioactive ingredients market highlights
- The UK bioactive ingredients market generated a revenue of USD 5,649.0 million in 2022 and is expected to reach USD 10,202.5 million by 2030.
- The UK market is expected to grow at a CAGR of 7.7% 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 5,649.0 million |
| Market revenue in 2030 | USD 10,202.5 million |
| Growth rate | 7.7% (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, UK accounted for 3.3% 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 23.87% in 2022. Horizon Databook has segmented the UK 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.
The demand for bioactive ingredients in the UK is rising owing to the growing nutraceuticals, health supplements, and functional food & beverage industries in light of the aging population and increasing chronic disease rate in the country.
According to BioMed Central (BMC), in 2019, around 24.4% of the UK population was at risk of suffering from some chronic health condition, including children, middle-aged people, and individuals above 70 years.
The UK nutraceutical market is growing at a constant rate. According to the Task Force on Innovation, Growth and Regulatory Reforms (TIGRR), in 2021, nutraceutical industry was valued at USD 4.25 billion.
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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 |
UK bioactive ingredients market size, by product, 2018-2030 (US$M)
UK Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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