Bioactive Ingredients Market

Bioactive Ingredients Market

Bioactive Ingredients Market to Reach US$ 363.5 Bn by 2032, driven by the growing demand for functional food and beverages owing to increasing consciousness among people about maintaining a balanced diet with a proper content of essential nutrients: Global Insight Services

New York, January 2023: According to a new research study by Global Insight Services (GIS), the global Bioactive Ingredients Market is expected to grow rapidly over the next 10 years to reach a value of more than the US $ 363.5 Billion by 2032.

A bioactive ingredient is a component of a plant or animal that has a biological effect on the body. These substances are often found in foods and are responsible for the health benefits associated with them. For example, the bioactive ingredient in green tea is thought to be responsible for its ability to boost metabolism and protect against cancer.

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Bioactive Ingredients Market: Key Trends and Drivers

Bioactive ingredients, such as carotenoids, terpenoids, saponins, polyphenols, and phenolic compounds, are increasingly used for developing functional food & beverages and dietary supplements. The rising dependability of individuals on functional foods& beverages and dietary supplements to meet their nutritional requirements is anticipated to drive the industry growth. The growing demand for functional food and beverages owing to increasing consciousness among people about maintaining a balanced diet with a proper content of essential nutrients. The industry offers lucrative growth opportunities to manufacturers of these compounds owing to their increasing usage in functional food and beverages, as well as in dietary supplements. Moreover, they are extensively used in the development of personal care products, such as shampoos, soaps, and moisturizers.

Bioactive Ingredients Market: Restraints & Challenges

The key restraints and challenges in Bioactive Ingredient market are, the lack of awareness about the benefits of bioactive ingredients. Lack of scientific evidence to support the efficacy of bioactive ingredients. High cost of bioactive ingredients. Stringent regulations regarding the use of bioactive ingredients in food and cosmetics.

Bioactive Ingredients Market Report Findings

The Fiber segment is likely to hold a dominant Bioactive Ingredients Market share and grow at a substantial CAGR during the forecast period.

Based on product, the market is segmented as Fiber, Vitamins, Omega PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, and Other. The fiber product segment dominated the industry in 2022 and accounted for the highest share of more than xx% of the total revenue. This is attributed to the growing demand for fibers on account of the rising health consciousness and changing dietary habits of consumers. Its associated advantages like the prevention of diabetes, obesity, and other chronic degenerative ailments are increasing the demand for dietary fiber. In different foods and beverages, soluble dietary fiber is commonly used as a flavor-enhancing agent. They are also considered an alternative to fats and sugar in numerous food applications including confectionery goods, bakery products, and dairy desserts.

Furthermore, the development in R&D activities related to insulin and soluble fibers like polydextrose and pectin is expected to boost the market’s product portfolio or product offering in the coming years. Due to the rising functional food consumption, insoluble dietary fibers are being used more frequently. Insoluble dietary fibers from corn, rice, oats, wheat, potato, peas, and legumes also help prevent several health issues, including hyperglycemia, constipation, high cholesterol, and obesity. Proper intake of vitamins enhances collagen production, discourages melanin formation & pigmentation, and is helpful for toned skin. They can also be used to lighten and reduce wrinkling of the skin. Such advantages are expected to boost segment growth over the next eight years.

The Functional Food & Beverage segment is anticipated to hold a majority of the Bioactive Ingredients Market size throughout the study period.

Based on application, the market is segmented as Functional Food & Beverage, Dietary Supplements, Clinical Nutrition, Personal Care, and Other. The functional food and beverage application segment dominated the industry in 2022 and accounted for the highest share of more than xx% of the overall revenue. Its high share is attributed to the growing interest in functional foods, the popularity of preventive healthcare, and a diverse product offering. Due to its inherent advantages, there has been growing awareness regarding preventive healthcare across the globe, and functional foods help consumers in implementing preventive healthcare. This factor, coupled with the available product portfolio of functional food items, is expected to aid the segment’s growth. Functional food ingredients are typically found in forms that have been esterified, glycosylated, thiolylated, or hydroxylated.

The Asia-Pacific region is estimated to exhibit the highest growth rate during the Bioactive Ingredients Market forecast period.

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific dominated the industry in 2022 and accounted for the highest share of more than 39.00% of the overall revenue. This is attributed to the presence of several manufacturing companies in countries like China and India. In addition, the rising demand for functional ingredients in the region is anticipated to propel the market growth over the forecast period. Many manufacturers are extending their product lines in response to the rising demand for functional ingredients. For instance, Chinese local producers have started producing highly refined EPA ingredients, like omega-3 algae, to increase their selection of bioactive ingredients. Strong growth in functional food & drink and dietary supplements is expected to be one of the major factors driving the demand for bioactive ingredients, such as omega-3, proteins, vitamins, probiotics, and others, in countries like Japan, where the population is aging at a rapid pace.

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Competitive Landscape

The global Bioactive Ingredients Market report includes players such as Dupont, Cargill Inc., Archer Daniels Midland, BASF SE, Koninklijke DSM N.V., Arla Foods, FMC Corporation, Ingredion Incorporated, Roquette Frères S.A. and Kerry Inc. among others.

Recent Developments in the Bioactive Ingredients Market:

  • In April 2021, Yemoja, Ltd., a marine cultivation start-up, launched EPS-Revive for the cosmetics industry. EPS-Revive, a bioactive ingredient derived from microalgae, offers anti-aging, anti-inflammatory, and rejuvenating properties. The company claims this is the first bio-active ingredient developed from red algae in a controlled setting through photobioreactor technology.

Bioactive Ingredients Market Report Coverage

  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global Bioactive Ingredients Market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future Bioactive Ingredients Market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Bioactive Ingredients Market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global surface disinfectants industry.

Global Bioactive Ingredients Market Segmentation

By Product

  • Fiber
  • Vitamins
  • Omega 3 PUFA
  • Plant Extracts
  • Minerals
  • Carotenoids & Antioxidants
  • Probiotics
  • Other

By Application

  • Functional Food & Beverage
  • Dietary Supplements
  • Clinical Nutrition
  • Personal Care
  • Other

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of World
    • Latin America
    • Middle East
    • Africa

Key Players