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.
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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.
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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.
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
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Major Players in the Global Bioactive Ingredients Market
The key players in the market 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.
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.
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