Bioactive Ingredients Market Analysis And Forecast To 2032: By Product (Fiber, Vitamins, Omega PUFA, Plant Extracts, Minerals, Carotenoids & Antioxidants, Probiotics, Other), By Application (Functional Food & Beverage, Dietary Supplements, Clinical Nutrit

The global Bioactive Ingredients market was valued at USD 186.0 Billion in 2022 and it is anticipated to grow up to USD 363.5 Billion by 2032, at a CAGR of 6.9% during the forecast period.

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.

Market 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.

Market Restraints and 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.

The report analyses the global Bioactive Ingredients market based on product, application, and region
Global Bioactive Ingredients Market by Product
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.
Global Bioactive Ingredients Market by Application
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.

Geographical Analysis of Global Bioactive Ingredients Market

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.

Major Players in the Global Bioactive Ingredients Market

The key players in the market Kerry Inc.among others.

COVID-19 Impact

The COVID-19 pandemic led to many positive changes in the industry. The rapid increase in cases of infection propelled pharmaceutical manufacturers to carry out extensive R&D activities to develop medicines that could be effective against the virus. This augmented the product demand from the pharmaceutical industry. Moreover, researchers kept on identifying new plant-based ingredients that can fight against the virus.

Recent Developments

• 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.
• In 2018, BASF and Mazza Innovation announced a long-term supply agreement to provide BASF with specific plant extracts to develop new solutions for cosmetic applications. Mazza produces the plant extracts using its patented PhytoClean technology. This unique, water-based extraction method concentrates bio-actives in a very eco-friendly way.
• ADM, as of 2016, had introduced a new line of plant extracts that are used across variety of food, beverage and supplements products. ADM’s anthocyanin extracts originate from purple sweet potatoes, purple maize, purple carrots, beets, rhubarb, tomatoes, and red cabbage

Frequently Asked Questions

Q1. How big is the Bioactive Ingredients Market?Ans. The global Bioactive Ingredients market was valued at USD 186.0 Billion in 2022 and it is anticipated to grow up to USD 363.5 Billion by 2032, at a CAGR of 6.9% during the forecast period.Q2. What is the Bioactive Ingredients Market growth rate?Ans. The growth rate of the Bioactive Ingredients Market is 6.9%Q3. Which region holds a major market share for the market?Ans. North America holds a major market share of the Bioactive Ingredients Market in 2022.Q4. Which segment accounted for the largest Bioactive Ingredients Market share?Ans. By application, the Functional Food & Beverage segment accounted for the largest Bioactive Ingredients Market share.Q5. Who are the key players in the Bioactive Ingredients Market?Ans. What are the factors driving the Bioactive Ingredients Market growth?Ans. 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 supplementsQ7. What are the key growth strategies of Bioactive Ingredients Market players?Ans. The key growth strategies of Bioactive Ingredients Market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Bioactive Ingredients Market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Bioactive Ingredients Market during the forecast period.


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