U.S. Bioactive Ingredients Market Size & Outlook
Related Markets
U.S. bioactive ingredients market highlights
- The U.S. bioactive ingredients market generated a revenue of USD 32,568.5 million in 2022 and is expected to reach USD 60,249.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8% from 2023 to 2030.
- In terms of segment, fiber was the largest revenue generating product in 2022.
- Plant Extracts 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 32,568.5 million |
| Market revenue in 2030 | USD 60,249.9 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Fiber |
| Fastest growing segment | Plant Extracts |
| 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, U.S. accounted for 18.8% 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 North America, U.S. bioactive ingredients market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 7,124.6 million by 2030.
Fiber was the largest segment with a revenue share of 24.63% in 2022. Horizon Databook has segmented the U.S. 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 market for bioactive ingredients in the U.S. is growing owing to increasing healthcare expenditures in the country due to its continuously increasing elderly population, and the presence of improved medical facilities.
Such factors drive the demand for dietary supplements in the country, thereby surging the consumption of bioactive ingredients in the U.S. Moreover, the growing applications of multivitamins are anticipated to increase the demand for bioactive ingredients in the country during the forecast period.
The most commonly consumed supplements in the U.S. are multivitamins, vitamin D, vitamin C, calcium, and vitamin B/B complex. According to the National Institutes of Health of the U.S., approximately 15% of adults in the country consume weight loss supplements at some point in their lives.
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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 |
U.S. bioactive ingredients market size, by product, 2018-2030 (US$M)
U.S. Bioactive Ingredients Market Outlook Share, 2022 & 2030 (US$M)
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