According to the latest report by IMARC Group, titled “Bioactive Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global bioactive ingredients market size reached US$ 45.5 Billion in 2022. Bioactive ingredients are natural or naturally derived substances that have specific biological effects on living organisms. These ingredients are often found in plants, animals, and microorganisms and offer various health benefits. They are utilized in the food, pharmaceutical, and cosmetic industries. Bioactive ingredients are employed in promoting overall well-being and supporting specific bodily functions. These ingredients possess unique properties that can influence metabolic processes, immune response, and cellular activities in humans and animals, making them valuable for preventive and therapeutic purposes. Bioactive ingredients are also utilized in the agricultural industry as natural alternatives to chemical pesticides and fertilizers. These ingredients act as biopesticides, promoting sustainable farming practices and reducing the environmental impact of conventional agricultural methods.
Global Bioactive Ingredients Market Trends:
The increasing awareness and preference for healthier lifestyles and natural products as consumers become more informed about the potential health hazards associated with synthetic additives and chemicals is one of the major factors contributing to the market growth. Additionally, the growing utilization of bioactive ingredients in the food and beverage (F&B) industry for functional foods and dietary supplements due to the rising chronic health conditions and lifestyle-related diseases is creating a positive outlook for the market growth. In line with this, the increasing emphasis by manufacturers on incorporating these ingredients into a wide range of products, including fortified beverages, functional snacks, and nutritional supplements, catering to health-conscious consumers' needs, is positively impacting the market growth. Moreover, the widespread popularity of bioactive ingredients in the pharmaceutical sector due to their potential therapeutic properties to enhance the efficacy and safety of medications is favoring the market growth. In addition to this, the growing application of bioactive ingredients such as botanical extracts and herbal derivatives in beauty and personal care components to enhance their appearance and provide long-term skin and hair health benefits is providing a thrust to the market growth. Besides this, the development of eco-friendly and sustainable alternatives as environmental concerns gain prominence, encouraging manufacturers to focus on producing bioactive ingredients through greener processes and sourcing methods is providing a considerable boost to the market growth. Looking forward, the market value is projected to reach US$ 69.9 Billion by 2028, expanding at a CAGR of 7.1% during 2023-2028.
- Based on the ingredient type, the market has been segmented into fibers, vitamins, omega-3 PUFA, minerals, carotenoids and antioxidants, probiotics, plant extracts and others. According to the report, fibers represent the largest market segment.
- On the basis of the application, the market has been divided into dietary supplements, functional beverages, personal care, and animal nutrition. Among these, dietary supplements represent the largest market segment.
- Region-wise, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. According to the report, Asia Pacific represents the largest market for bioactive ingredients.
- The competitive landscape of the market has also been examined, with some of the key players being Archer Daniel Midland, Cargill, BASF SE, AJINOMOTO CO, Arla Foods, FMC Corporation, Ingredion Incorporated, Mazza Innovation Ltd., Roquette, Sabinsa Corporation.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Ingredients Type
|Ingredient Types Covered
||Fibers, Vitamins, Omega-3 PUFA, Minerals, Carotenoids and antioxidants, Probiotics, Plant Extracts, Others
||Dietary Supplements, Functional Beverages, Personal Care, Animal Nutrition
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||Archer Daniel Midland, Cargill, BASF SE, AJINOMOTO CO, Arla Foods, FMC Corporation, Ingredion Incorporated, Mazza Innovation Ltd., Roquette and Sabinsa Corporation
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