ccording to latest research report by IMARC Group, titled “Bioactive Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” that the global bioactive ingredients market size reached US$ 45.5 Billion in 2022. Looking forward, the market expected to reach US$ 69.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Bioactive ingredients represent nutritional biomolecules that generally occur in small quantities in several food items, such as nuts, cereals, tea, fruits, vegetables, etc. Some of their common forms include esterified, hydroxylated, glycosylated, polyphenols, vitamins, omega-3 fatty acids, carotenoids, etc. In addition to this, bioactive ingredients comprise essential antioxidants, macro and micronutrients, anti-inflammatory, anti-microbial traits, etc. These compounds exhibit the capacity to modulate one or more metabolic processes, thereby promoting good health. Bioactive ingredients assist in building a strong immune system and minimizing the risks of developing various chronic diseases, such as cancer, diabetes, Alzheimer’s, etc.
Competitive Scenario with Key Players:
The competitive landscape of the market has also been analyzed, with some of the key players being
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- Archer Daniel Midland,
- Cargill,
- BASF SE,
- AJINOMOTO CO,
- Arla Foods,
- FMC Corporation,
- Ingredion Incorporated,
- Mazza Innovation Ltd.,
- Roquette and Sabinsa Corporation.
Bioactive Ingredients Market Trends:
The growing prevalence of lifestyle-related disorders and the increasing consumer awareness towards health and wellness are primarily driving the bioactive ingredients market. Additionally, the escalating demand for nutraceuticals that are formulated using these compounds, the rising healthcare expenses, insufficient nutrition, and the widespread adoption of these ingredients that are beneficial for improving endothelial function as well as overall health are further catalyzing the market growth. Besides this, the inflating popularity of bioactive components in the manufacturing of cosmetic and functional food and beverage items is acting as another significant growth-inducing factor. Moreover, the elevating investments in R&D activities to introduce innovative product variants, including beta-carotene made from natural bioactive ingredients, which aid in reducing the risks of allergic reactions, are also positively influencing the global market. Apart from this, the development of advanced technologies, such as microencapsulation, to protect these biomolecules from oxidation and unwanted reactions is anticipated to fuel the bioactive ingredients market over the forecasted period.
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Global Bioactive Ingredients Market Report Coverage and Industry Segmentation:
The report cover the below key market segments:
Breakup by Ingredients Type:
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- Fibers
- Vitamins
- Omega-3 PUFA
- Minerals
- Carotenoids and Antioxidants
- Probiotics
- Plant Extracts
- Others
Breakup by Application:
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- Dietary Supplements
- Functional Beverages
- Personal Care
- Animal Nutrition
Breakup by Region:
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- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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