Bioactive Ingredients Market

The Global Bioactive Ingredients Market was valued at USD 37.20 Billion in 2022 and is projected to reach a value of USD 60.63 Billion by 2030 at a CAGR of 6.30% over the forecast period.

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The Bioactive Ingredients Market is growing due to consumers' increasing awareness and healthcare concerns. People nowadays are turning towards healthy food that satisfies essential nutrients in the body, driving the growth of the Bioactive Ingredients Market during the forecast period. Cosmeceuticals are the rising concept that syndicates bioactive ingredients with personal care. The manufacturers are also considering the accessibility factor for consumers that provides them with healthy nutrients in the form of healthy food and beverages instead of supplements. Additionally, animal nutrition is growing with the rising meat and milk market, and the manufacturers are gaining more output from animals when nutritious ingredients are used in animal feed, fueling the growth of Bioactive Ingredients Market. However, the growth prospect of Bioactive Ingredients is very high in the coming years owing to the participation of different herbal ingredients that tends to achieve consumers’ trust in emerging nations. However, the fluctuating production and material costs and lack of safety controls during manufacturing are the major factors hampering the Bioactive Ingredients Market.

Market Segmentation

The Bioactive Ingredients Market is segmented based on Applications, Types, and Region. Based on Applications, the market is segmented as Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition, and Personal Care. In addition, based on Types, the market is segmented as Prebiotics, Probiotics, Amino Acids, Peptides & Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants, and Other Applications. Likewise, based on Region, the market is further segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa.

Based on Types

The Phytochemicals and Plant Extracts Segment is Projected to Dominate the Market During the Forecast Period

Based on type, the phytochemicals and plant extracts segment is expected to hold the largest market share during the forecast period. The growth of this segment is attributed to the increased demand for plant extracts and phytochemicals, rising dependency on plant-based products, and increasing awareness among consumers about its benefits.

Based on Applications

Personal Care Application to Hold a Major Share in the Segment

Based on Applications, the personal care segment holds the largest share of the Bioactive Ingredients Market during the forecast period. The increasing number of chronic diseases, the aging population, and rising healthcare concerns are the major factors driving the growth of the personal care segment in the market. Moreover, it is technically named cosmeceuticals, including nutritious and healthy ingredients for hair, skin, etc.

Based on Region

North America Acquires the Largest Share in the Global Bioactive Ingredients Market

North America is expected to witness profitable growth during the forecast period. The growth of North America is mainly attributed to rising awareness among people and physicians associated with using bioactive foods and beverages in North America. Moreover, the production and consumption of bioactive ingredients are increasing in North America.

The Asia Pacific Region is Projected to be the Fastest-Growing Region During Forecast Period

During the forecast period, Asia Pacific is expected to be the fastest-growing region in the Bioactive Ingredients Market. The growth of the Asia Pacific Market is mainly attributed to the increasing demand for functional ingredients among the population. Asian countries such as Japan involve an increase in geriatric population, and chronic diseases are expected to drive the growth of the Bioactive Ingredients Market in the Asia Pacific during the forecast period.

Competitive Landscape

The Global Bioactive Ingredients Market is highly fragmented due to the strong presence of major players in the market. The key market players are relying on the innovation of products as a prime strategy to increase their consumer base in the market. Some of the major key players in the market are Archer Daniel Midland (U.S.), Cargill (U.S.), BASF SE (Germany), AJINOMOTO CO. (Japan), Arla Foods (Denmark), FMC Corporation (U.S.), Ingredion Incorporated (U.S.), Mazza Innovation Ltd. (Canada), Roquette (France), Sabinsa Corporation (U.S.).

Segmentation of Bioactive Ingredients Market