The Bioactive Ingredients market is shaped by a myriad of factors that collectively influence its growth and dynamics. One of the primary drivers is the increasing consumer awareness and demand for health and wellness products. As individuals become more conscious of their well-being, there is a rising inclination towards incorporating bioactive ingredients into their diets. These ingredients, derived from natural sources, are known for their potential health benefits and are commonly found in functional foods, dietary supplements, and nutraceuticals. The growing trend of preventive healthcare further fuels the demand for bioactive ingredients, as consumers seek products that contribute to overall health and disease prevention. By 2022–2030, the bioactive ingredients market is expected to grow at a 7.3% CAGR to reach a USD 51.73 billion.
Technological advancements and innovation play a pivotal role in the Bioactive Ingredients market. Continuous research in fields such as biotechnology and food science has led to the discovery and development of novel bioactive compounds with enhanced functionalities. This innovation not only expands the range of available bioactive ingredients but also opens up new application areas, creating opportunities for market growth. The ability to extract, isolate, and utilize bioactive compounds in various industries, including food and beverages, cosmetics, and pharmaceuticals, contributes to the market's dynamism and adaptability.
Globalization is another significant factor influencing the Bioactive Ingredients market. With the expansion of international trade, there is a growing demand for bioactive ingredients that comply with diverse regulatory standards and consumer preferences across different regions. Bioactive ingredients that can cater to the varied needs of a global market become essential for companies aiming to establish a presence on an international scale. Moreover, the exchange of knowledge and technologies between regions facilitates the development and adoption of bioactive ingredients in diverse cultural and culinary contexts.
The emphasis on sustainability and eco-friendly practices is gaining prominence in the Bioactive Ingredients market. As consumers become more environmentally conscious, there is a growing preference for products that align with sustainable principles. Bioactive ingredients, often sourced from natural and renewable resources, fit well within this framework. Companies are increasingly adopting sustainable sourcing practices and production methods to meet the demand for eco-friendly products, thereby influencing the market towards more responsible and environmentally sustainable approaches.
However, challenges persist in the Bioactive Ingredients market, particularly related to regulatory compliance and standardization. The regulatory landscape for bioactive ingredients is diverse and can vary significantly across different regions. Navigating these regulatory frameworks and ensuring compliance with safety and quality standards pose challenges for market players. Additionally, the standardization of bioactive ingredients to guarantee consistent quality and efficacy remains a complex task, impacting market growth.
Bioactive Ingredients Market is expected to grow at a considerable rate of 7.3 percent, reaching a market value of USD 51.73 billion. Bioactive chemicals are protected from undesired interactions and oxidation using recent technical breakthroughs such as microencapsulation. Manufacturers are increasingly looking for solutions to increase productivity while maintaining appropriate product quality. Swelling use of bioactive compounds by pharmaceutical and nutraceutical firms to treat various chronic conditions is likely to drive market expansion over the forecast period. Due to their capacity to enhance skin and hair, bioactive components are also employed in various weight reduction programs as nutritional supplements and beauty products such as herbal lotions, shampoos, and soaps.
The extraction of these bioactive compounds from their natural sources opens up a plethora of possibilities for adding value to food products while also improving the dietary habits of today's consumers. Â Apart from the growing usage of health and wellness food product lines, the change in supply from synthetic to natural beta-carotene, as well as the growing adoption of natural and organic ingredients, as well as the ongoing trend of veganism, are some other main determinants that will drive market growth over the forecast period.
The global bioactive ingredients market has been segmented based on ingredient type, application, source, and region.
By ingredient type, the global bioactive ingredients market has been classified as a probiotic, prebiotic & amino acid, omega three fatty acids, phytoextract, carotenoids, and others.
Based on application, the global bioactive ingredients market has been classified as food & beverages, pharmaceuticals & nutraceuticals, personal care, animal feed, and others.
By source, the global bioactive ingredients market has been classified as a plant, animal, and microbial.
The global bioactive ingredients market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American bioactive ingredients market has further been segmented into the US, Canada, and Mexico. The European bioactive ingredients market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The bioactive ingredients market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The bioactive ingredients market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Bioactive Ingredients Market Share (%), by Region, 2018 Â
Source: Secondary Sources and MRFR Analysis
Asia-Pacific is expected to dominate the bioactive ingredients market during the forecast period owing to increasing consumer awareness and high inclination towards healthy products. People are turning towards healthy food that fulfill the requirement of essential nutrients in the body. Animal feed manufacturers tend to attain more output from animals when nutritious ingredients are used in animal feed, which is further escalating the growth of the bioactive ingredients market in the region. Also, increasing awareness about bioactive ingredients among healthcare professionals, and a flourishing personal care industry using bioactive ingredients in their products are some other vital factors affirming the growth of global bioactive ingredients market.
However, Europe is expected to register the highest growth rate during the forecast period due to rising health care expenditure, an increase of lifestyle diseases, and increasing consumer’s preference for natural and organic ingredients over synthetic ingredients. Inadequate nutrition uptake due to the current hectic lifestyle and increased co-prescription of bioactive ingredient with the regular drug are some of the major drivers for the bioactive ingredient market growth in the region. Furthermore, the existence of established pharmaceutical and nutraceutical industries is estimated to boost the regional market share.
Recent Development
Mar 2022 Demetrix, a biotechnology business that makes bioactive chemicals, announced its commercial manufacturing campaign for cannabigerol in 2022. (CBG). Initial global clients in the personal care and nutrition industries have agreed to buy over 70% of our total output this year, generating multi-million-dollar revenue in 2022. This is the first of several successful commercial productions runs Demetrix will accomplish to service a growing external customer base this year.
Mar 2022 Prodalim Resources Ltd will demonstrate prototypes of their Capsoil FoodTech platform, which converts bioactive oil molecules into water-soluble powders, such as fat-soluble vitamins, nutritious oils, and lipid-based minerals. Oil-based substances may be transformed into an ultra-fine, water-soluble,self-emulsifying powder using the Capsoil FoodTech platform, making them easier to incorporate into a wide range of foods, drinks, and expanded forms of nutritional supplements.
Intended Audience
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