Bioactive Ingredients & Product Market Size, Share, Growth, And Industry Analysis, By Type (Prebiotics & Probiotics Amino Acids, Peptides, Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants, & Others), By Application (Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition, & Personal Care) Regional Forecast to 2028

Updated On: 22 April 2024

Report Overview

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The global Bioactive ingredients & product market size was valued at USD 32020 million in 2022. As per our research, the market is expected to reach USD 40760 million by 2028, exhibiting a CAGR expansion of 4.1% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the Bioactive ingredients & product market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Bioactive ingredients are compounds or substances found in foods, plants, or other natural sources that have a physiological effect on the body when consumed or applied. These compounds can have a positive impact on health and well-being and are often used in various products for their potential health benefits.  The "Bioactive Ingredients & Product Market" refers to a specific segment of the global market that deals with bioactive ingredients and products. It encompasses the production, distribution, and consumption of ingredients and products that are derived from natural sources and are known to have beneficial effects on health and well-being when consumed or applied. 

COVID-19 Impact: Market Faced a Rise in Demand Due to Rising Health Awareness During the Pandemic

There was no single sector unaffected by COVID-19. The Bioactive ingredients & product market was affected as well. The Bioactive Ingredients & Product Market is closely linked to the growing interest in health and wellness. Consumers are increasingly seeking products that offer health benefits beyond basic nutrition, and bioactive ingredients play a significant role in meeting these demands.

Latest Trends

"Rising Trend of Plant-Based and Vegan Products Due to Changing Consumer Preferences "

The Bioactive ingredients & product market is as dynamic as any market. In the market, there are everyday developments in the market to add more benefits to it. Recently, the trend toward plant-based diets and veganism has been growing, leading to an increased demand for bioactive ingredients sourced from plants. Ingredients such as plant-based proteins, phytonutrients, and botanical extracts have seen rising popularity.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Prebiotics, Probiotics, Amino Acids, Peptides & Proteins, Omega 3 & Structured Lipids, Phytochemicals & Plant Extracts, Minerals, Vitamins, Fibers & Specialty Carbohydrates, Carotenoids & Antioxidants, & Others.

In terms of services, Prebiotics is the largest segment, as it holds the maximum share of the market.

• By Application Analysis

Based on application, the market can be divided into Functional Food, Functional Beverages, Dietary Supplements, Animal Nutrition, & Personal Care.

Driving Factors

"Increasing Health Consciousness has Increased Demand in the Market"

Growing awareness of the importance of health and wellness has driven consumer demand for products that offer functional benefits beyond basic nutrition. Bioactive ingredients, which are associated with potential health-promoting properties, have gained popularity as consumers seek proactive ways to improve their well-being. The global aging population has led to an increased interest in products that support healthy aging and address age-related health concerns. Bioactive ingredients like antioxidants, omega-3 fatty acids, and collagen are often sought after for their potential anti-aging benefits.

"Rising Functional Foods and Beverages Market has Influenced the Demand in the Market"

The incorporation of bioactive ingredients into functional foods and beverages has provided consumers with convenient ways to consume health-promoting compounds. This trend has extended to sports nutrition, energy drinks, and fortified snacks. Consumers are placing a higher emphasis on sustainable and ethically sourced products. Brands that prioritize responsible ingredient sourcing and production practices are gaining favor among environmentally conscious consumers. The popularity of functional beverages and supplements, which offer targeted health benefits, has led to an increase in the use of bioactive ingredients in these products. This contributes to the bioactive ingredients & product market growth.  

Restraining Factors

"Environmental Impact Could Lead to a Declining Trend in the Market "

 Sourcing bioactive ingredients from natural resources can have environmental consequences if not done sustainably. Consumers and regulatory bodies are increasingly concerned about the environmental impact of ingredient production. As a consequence, there can be a declining trend in the market. 

Regional Insights

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"North America Region Dominates the Market Has Large Consumer Base "

North America has the largest bioactive ingredients & product market share as it boasts a large and diverse consumer base with a strong interest in health and wellness. The region's population is increasingly conscious of the importance of nutrition and the role of bioactive ingredients in promoting health. North America is home to numerous research institutions, universities, and pharmaceutical companies that conduct cutting-edge research on bioactive ingredients and their applications. This research often leads to the development of new products and technologies. The United States has established a comprehensive regulatory framework for dietary supplements and functional foods, which includes rules for bioactive ingredients. While these regulations can be stringent, they also provide clarity and legitimacy to the market, fostering consumer confidence. Trends such as the demand for organic, natural, and clean-label products align with the use of bioactive ingredients. North American consumers tend to prioritize products that emphasize these qualities.

Key Industry Players

"Key Players Focus On Research & Development and Innovation for Collaboration & Expansion Opportunities "

Key players invest heavily in research and development (R&D) to discover and develop new bioactive ingredients with health-promoting properties. This involves conducting scientific studies, clinical trials, and formulation testing to ensure the safety and efficacy of their products. Key players are often at the forefront of innovation in the development of novel bioactive ingredients and products. Ensuring the quality and consistency of bioactive ingredients is crucial. Key players implement strict quality control measures to meet regulatory requirements and deliver products that meet or exceed consumer expectations. They explore new extraction techniques, delivery methods, and applications to create unique and differentiated offerings. Collaboration with research institutions, universities, suppliers, and other industry stakeholders is common among key players. These partnerships facilitate knowledge exchange, access to new technologies, and the development of innovative solutions.

List of Market Players Profile

• BASF (Germnay)
• Archer Daniels Midland (U.S.)
• Cargill Inc (U.S.)
• Dupont DENemours & Co. (Dupont) Msds (U.S.)
• DSM (Netherland)
• Ajinomoto (Japan)
• Ingredion Inc (U.S.)
• FMC Corporation (U.S.)
• Roquette (France)
• Arla Foods (Denmark)

Report Coverage

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