Bioactive Ingredients Market
Bioactive Ingredients Market - Global Industry Assessment & Forecast
- By Applications Functional Foods, Functional Beverages, Dietary Supplements, Animal Nutrition, Personal Care
- By Type Prebiotics, Probiotics, Amino Acids, Peptides & Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants, Other Types
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2023 - 2030|
|Historical Years:||2017 - 2021|
|Revenue 2022:||USD 37.20 Billion|
|Revenue 2030:||USD 60.63 Billion|
|Revenue CAGR (2023 - 2030):||6.30%|
|Fastest Growing Region (2023 - 2030)||Asia Pacific|
|Largest Region (2022):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
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- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
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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.
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.
Bioactive Ingredients Market Size, 2022 To 2030 (USD Billion)
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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.
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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.
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
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
What is the global demand for Bioactive Ingredients in terms of revenue?
The global Bioactive Ingredients valued at USD 37.20 Billion in 2022 and is expected to reach USD 60.63 Billion in 2030 growing at a CAGR of 6.30%.
Which are the prominent players in the market?
The prominent 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.).
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 6.30% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
The driving factors of the Bioactive Ingredients include
- Increasing Consumer Awareness
Which region accounted for the largest share in the market?
North America was the leading regional segment of the Bioactive Ingredients in 2022.