In terms of revenue, the Global Bioactive Ingredients Market is expected to reach USD 52.3 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 6.30% from 2023 to 2030.
Due to consumers' growing health consciousness, the food and beverage industry is driving the global market growth for Bioactive Ingredients. The demand for goods with outstanding taste and high nutrient content has grown due to a significant change in people's lifestyles and eating habits. Global demand for bioactive substances is driven by the gradual trend toward functional foods and beverages, which offer optimal nutrition and are marketed as beneficial essential nutrition. The sector for bioactive compounds is receiving additional boosts from the rising prevalence of lifestyle disorders and the aging population's rising spending on dietary supplements. Demand for nutritional supplements, particularly among the elderly, is rising since sufficient vitamin and mineral intake can prevent many diseases and problems. Manufacturers are increasingly concentrating on creating specific supplements for age-related illnesses and vitamins for the heart and bones to target this market group further. As a result, the industry for Bioactive Ingredients is anticipated to rise during the forecast period due to the rising demand for enhanced and fortified dietary supplements.
Key Highlights from the Report
· Based on Types, the Phytochemicals and Plant Extracts segment dominates the Bioactive Ingredients market with the most market share and will continue its dominance in the forecast. This segment is expanding due to rising dependence on plant-based products and rising demand for phytochemicals and plant extracts.
· Among Applications, the Personal Care segment accounted for the highest CAGR in the estimated period. The market's personal care segment is expanding due to an aging population, increased chronic diseases, and growing healthcare concerns.
· In terms of region, North America holds the major market share within the Bioactive Ingredients market. This is mostly related to increased public and medical awareness regarding consuming bioactive foods and beverages in North America.
The surge in demand for functional components is driving the global market expansion for Bioactive Ingredients. Certain illnesses and afflictions can be cured with the use of these ingredients. The global market for bioactive compounds is also expanding since obesity and diabetes are becoming more and more common. According to the World Health Organization (WHO), diabetes accounted for an estimated 1.5 million deaths and fatalities in 2019 and was the tenth leading cause of death. Around 1.9 billion adults (18 and older) worldwide were overweight in 2016. Of these, approximately 650 million were overweight or obese. Growing technical improvements are blamed for expanding the world market for bioactive compounds—recent technological advancements like microencapsulation shield bioactive components from undesirable interactions and oxidation. As a result, the top businesses on the market are increasingly seeking strategies to boost production while maintaining acceptable product quality.
Furthermore, the rising trend of veganism is one of the crucial factors boosting the growth of the worldwide market for Bioactive Ingredients. Customers also favor natural and organic components for their well-being and intestinal health. In dietary supplements and health products, bioactive substances are frequently employed in significant quantities. The global market for Bioactive Ingredients is expanding because animal feed manufacturers produce more from their animals when nutritional components are used in the feed. The global industry of Bioactive Ingredients is being driven ahead by many important factors, including greater awareness of bioactive components among healthcare professionals and a thriving personal care business that uses Bioactive Ingredients in its products. The major firms in the sector are also making significant investments in the research and making of Bioactive Ingredients-based products. As a result, new product breakthroughs, aggressive advertising, and distinctive brand positioning techniques are anticipated to further drive industry growth.
Geographically, North America market is anticipated to observe significant market growth with the highest growth rate in the future. This results in people using food products more frequently for health and wellness purposes. The use of pharmaceutical industry bioactive compounds to prevent diseases like obesity, diabetes, stress, and high blood pressure has expanded. The nutritional advantages of bioactive substances are becoming more widely known. Additionally, several businesses are creating low-calorie food and beverage products based on bioactive substances. Beer, lager, cider, spirit, and wine are frequently made with bioactive substances. These foods and beverages with bioactive components are nutrient-dense and high in vitamins, minerals, proteins, and fibers. Rising trends include cosmeceuticals that combine personal care products with bioactive substances. Over the anticipated timeframe, demand for bioactive compounds will increase due to the high costs associated with preventative healthcare solutions.
The Global Bioactive Ingredients Market is Segmented as follows
- Functional Foods
- Functional Beverages
- Dietary Supplements
- Animal Nutrition
- Personal Care
- Amino Acids, Peptides & Proteins
- Omega 3 & Structured Lipids
- Phytochemicals & Plant Extracts
- Fibers & Specialty Carbohydrates
- Carotenoids & Antioxidants
- Other Types
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
List of the Key Players of the Global Bioactive Ingredients Market is
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.)
The Global Bioactive Ingredients Market Scope can be Tabulated as below
|Market Size Provided for Years||2017 - 2030|
|Historic Years||2017 - 2021|
|Forecast Years||2023 - 2030|
|Regions & Counties 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|