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According to the latest report by IMARC Group, titled?"Bioactive Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the?global bioactive ingredients market size reached?US$?37.38 Billion?in 2020. Bioactive ingredients are nutritional biomolecules that typically occur in small quantities in various food items, such as nuts, cereals, tea, fruits, and vegetables. Some of their common forms include glycosylated, esterified, hydroxylated, polyphenols, vitamins, omega-3 fatty acids, and carotenoids. Bioactive ingredients contain essential macro and micronutrients, antioxidants, anti-inflammatory, and anti-microbial traits. These compounds also exhibit the capacity to modulate one or more metabolic processes, thereby promoting good health. Along with this, bioactive ingredients help in building a strong immunity system and reducing the risks of developing various chronic diseases, such as cancer, diabetes, and Alzheimer’s.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.????
Global Bioactive Ingredients Market Trends:?
The global bioactive ingredients market is primarily being driven by the rising instances of lifestyle-related diseases and the growing consciousness toward individual health and wellness. This, in turn, is facilitating the demand for nutraceuticals that are formulated using these compounds. In line with this, the increasing awareness regarding the associated benefits of bioactive ingredients is further catalyzing their adoption in the manufacturing of cosmetic and functional food and beverage products, which is supporting the market growth. Additionally, rapid urbanization and industrialization, along with inflating disposable incomes, particularly in emerging economies, have increased the demand for alcoholic beverages, wherein bioactive ingredients are used for brewing and distilling processes. This is acting as a major growth-inducing factor.
Moreover, manufacturers are considerably investing in research and development (R&D) activities to introduce innovative product variants, including beta-carotene made from natural bioactive ingredients, which aids in reducing the risks of allergic reactions, thereby catalyzing the market growth. Apart from this, key players are adopting advanced technologies, such as microencapsulation, to protect the bioactive ingredients from oxidation and unwanted reactions. This, in turn, is creating a positive outlook for the market. Besides this, the demand for bioactive ingredients has also increased during the coronavirus disease (COVID-19) pandemic to improve immunity and decrease the morbidity associated with the illness, which is further creating lucrative opportunities for the market players. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
Market Summary:
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